The Recap of Trias AMA in Eyes Protocol Community
On April 29th, Trias has partnered with Eyes Protocol for a safe and transparent open source ecosystem! Trias CSO, Kailing, has been invited to attend an AMA in Eyes Protocol community on May 11st. Following is the recap of this AMA.
Q1. Kailing, Can you briefly introduce Trias to our community?
A:Trias is a full-stack decentralized trusted cloud infrastructure and an enterprise-grade blockchain. It has integrated TEE(trusted execution environment) technology, cyber security, and graph computing algorithms as a combined blockchain solutions to ensure the correct execution of software. Trias is building a highly scalable public chain that also provides “layer -1” infrastructure to support other public chains including Ethereum and Hyperledger. Its DApp TriasForce has already been deployed by large financial institutions and manufacturing industries.
Q2. Trias’ DApp has already been used in many fields, so the Trias’ scalability has already been verified! I heard there are three layers in Trias architecture, so could you explain more?
A: Yes. Trias is composed of three layers. 1)Leviatom is an integration of Trusted Execution Environments (TEEs) and Heterogeneous Consensus Graph, a graph computing algorithm similar to Hashgraph or DAGs. It can serve as the underlying ‘-1 layer’ for other public chains, including Ethereum and Hyperledger.
2) Prometh is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development. Prometh is also the layer that Trias cooperates with the Eyes Protocol.
3) MagCarta is a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise DApps.
As each layer needs participants, such as executors of Leviatom, developers of Prometh and enterprise clients of MagCarta, Trias has designed separate but coordinating economic models to encourage participants of the 3 layers to behave in a way altogether leading to the growth and sustainability of the economy.
Q3. It sounds interesting. So can you tell us more about the economic model in Trias system?
A: Sure. We have launched the 2nd version of the MagCarta Economic Whitepaper. This paper introduced two parallel staking systems, the Franchise-franchisee model (for enterprises) and the Staking Auction model (for individuals). The 2 models help Trias to expand in the enterprise blockchain market and build a strong community, fulfilling the needs of enterprises and individual investors at the same time.
Q4. It is a must-read for Trias’ WhitePaper 2.0, which considers both corporate and individual investors. Can you talk more about the Franchise-franchisee model?
A: Trias has firstly invented the franchise staking model, which incentivizes franchisors and franchisees by creating an enterprise products ecosystem and by token appreciation. The Franchise network is introduced into Trias ecosystem because the market expansion of a blockchain product is similar to a traditional franchise model.
Franchisors: Organizational and individual developers can utilize Trias infrastructure of chains and smart contracts to develop chains and DApps. Thus, a franchisor can be 1) a public blockchain; 2) a protocol/toolkit affiliated to Trias ecosystem; 3) an enterprise blockchain product/solution.
Franchisees: Local franchisees have special terms with franchisors on the right to sell products and services to enterprise clients in a region. A typical franchisee can be a distributor of software products with established channel and client resources.
A franchisee can benefit from the sale of the products and gains of the token appreciation during the staking period. In addition to staking, franchisees are required to share a percentage of revenue with franchisor. The franchisor can receive the income (as in the case of individual developers) or reward to its community based on its token economics (as in the case of public chains).
Q5. OK. So how can individual investors benefit from the staking auction model?
A: Our staking will not result in a high-inflation rate because it has support from real business activities and value is created within the ecosystem.
In 2019, Trias has delivered enterprise products and solutions (TriasForce, a Decentralized-SaaS) to solve the trust and security issues for different customers in many industries: for example, in Soochow Securities, Trias implements blockchain-based DevOps systems, targeting at insuring the stability of its stock trading system and preventing insider threats brought by contractors. In Chongren County Substation Industry Park, Trias provides blockchain-based trustworthy ERP/MES DSaaS for more than 100 companies in the substation industry with a total product value at $0.3billion in supply-chain finance.
Trias has repurchased 96,472,628 TRY from its 2019 revenue and will contribute to Trias community through burning and staking. And We have just launched the first staking program in 2020 on May 10th. But it has been filled up in only a few hours.
Questions form Eyes Protocol community
Q6. What is the ultimate goal (vision) pursued by the partnership between Trias and EYES?
A: Trias is a decentralized trusted cloud infrastructure and ecosystem for enterprise-ready applications. Its Prometh Layer is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development.
Prometh, in which EYES protocols work together, addresses software security issues by recording critical information or undeniable identification about all critical phases of the software’s entire life cycle in the distributed ledger. Trias implements a trusted software building process to achieve traceable software supply chain management and security auditing. Trias not only provides Prometh architecture integration for EYES service, but also provides the Layer ‘-1’ capabilities for EYES to achieve faster and more secure consensus.
The ambitious goal of this partnership is to build a safe and transparent open source ecosystem.
Q7. We could expect that the partnership with the EYES Protocol will accelerate the entry of the ‘Trias chain’ and ‘DSaaS products’(TriasForce) into the Korean market. On the contrary, is there any room for the same partnership when entering the Chinese market?
A: Yes, EYES will promote Trias chains and DSaaS products(TriasForce) in the Korean market. And EYES will provide services to Trias’ Chinese customers and partners, including open-source licensing verification, security flaws and legal issues solutions, etc.
Q8. Congratulations on the partnership between the two companies. Through the partnership, it is expected that many companies in Korea and China will be able to trust the open-source verification of blockchain. Do you also plan to expand globally through partnerships other than China and Korea?
A: Now, many third parties from all over the world have joined Trias Alliance, such as software developers(Octa Innovations in China), data engine (Ptmind in Japan), open-source communities (Odoo), open-source compliance (Eyes protocol in Korea), security providers (CertiK in the US), and crypto projects. And through the extensive distribution network of Trias Alliance, Trias Foundation has achieved revenues since 2019Q2.
We will continue to promote worldwide partnerships to make the Trias chain and services widely used.