SINGAPORE, July 16, 2019 /PRNewswire/ -- While others are
contented with the current Blockchain-as-a-Service (BaaS) market,
one outlier has seek to disrupt the status quo and offer a
next-generation public infrastructure. YAO Network, a universal
wing of the future decentralized ecosystem, has sought to design
its platform based on the principles of blockchain 3.0 to usher in
a new era of BaaS.
The figure below illustrates the system structure of the YAO
Network.
Photo -
https://mma.prnewswire.com/media/946917/YAO_Network_System_Structure.jpg
With the continuous development of blockchain technology and its
expansion comes an increasing demand for a centralized network to
be able to host multiple blockchains that can support and integrate
various communities and commercial applications while maintaining
high scalability and performance. Blockchain-as-a-Service (BaaS) as
what it is referred to, was first made popular through tech giants
such as Microsoft and IBM. However, current BaaS platforms appear
to be largely scattered with most tech communities sporadically
distributed across the globe.
YAO Network recognised the need for a centralized platform
offering these decentralized blockchains to draw tech communities
and commercial clients together. Hence, the YAO Network platform
has designed a platform that will accelerate the rapid and
sustainable development of blockchain infrastructure through
reasonable and complete governance, and an incentive mechanism.
Unlike most BaaS platforms that can work on only one or a few
blockchains, the YAO Network is built to serve community developers
and framework suppliers of multiple blockchains. The platform
applies topology and orchestration techniques to guarantee
self-adaptive access and constant upgrades in the blockchain
platform. With a robust architecture to incubate more technical
innovations and cultivate a thriving ecosystem, YAO Network has a
cutting edge advantage over most by offering enterprise blockchain
solutions via a simple click on their interface.
1. Building / Accessing Blockchain Network Within
Seconds
By integrating cloud resources and using BuildPack, a
declarative programming technology, YAO Network deploys services on
the cloud and realizes the self-adaptive matching of tools for
different blockchain network and access strategies, supporting both
public and consortium blockchains.
In terms of public blockchain, YAO Network will provide network
testing and access to main network within mere seconds. As for
consortium blockchain and private blockchains, YAO Network aims to
provide fast and flexible network building capacities. Interested
enterprises can then visit major blockchain providers through a
visualised and user-friendly interface and choose the right
blockchain network for their decentralised applications.
2. Yaolet Technological Component
Developers have specific demands when developing upper-layer
applications depending on various business scenarios, such as data
sharing and contract calling across different blockchain networks.
To resolve the above issues and ensure a seamless user experience,
the YAO Network has integrated the vast series of functions needed
to assist in application development into plug-and-play
technological modules for developers' use on demand - these modules
are alternatively known as the Yaolet.
As an elementary unit of decentralized application, Yaolet
supports decentralized computing. Based on its underlying
framework of decentralization, Yaolet can scale up its capability
for commercial application to better match the technological
requirements of such applications. Examples of Yaolet cases include
IBC, oracles, DID, SMC and zero-knowledge proof among others.
Utilizing these technology modules, developers can flexibly design
blockchain applications and services to adapt to the different
business scenarios based on their needs. At the same time,
developers on the YAO Network can utilise the tools available to
design solutions for companies and firms that are looking to
conduct business communication or any other services. These
solutions can be customized on the platform following order
confirmation.
3. An Open Blockchain Service Market
With Yaolets, the YAO Network is able to serve as a cloud
service market, integrating the full process data and business
capabilities from project preparation to landing. It also provides
developers with massive scalable services and a one-stop operating
hub for blockchain products and services including development,
promotion and sales.
These product services can be applied to various business
scenarios such as storage and authentication, traceability,
finance, and gaming to meet the actual business needs of
enterprises across various industries. It also effectively
facilitates the commercialization of blockchain applications as
well as the exchange of information among enterprises, communities
and developers.
4. YAO Network Ecosystem Incentive
As a self-driven ecosystem, YAO Network catalyzes the rapid
development of the entire ecology by introducing a model of the
token economy. YAO can function as a token for value circulation,
contribution incentives and community governance in the ecosystem.
It can also be flexibly used in many scenarios such as encouraging
blockchain service providers to offer better blockchain products
and services or facilitating the development of blockchain
applications by communicating customers' needs to the network of
blockchain developers.
By adopting the token-incentive model, YAO Network
comprehensively considers various parameters and provides dynamic
incentive for users so as to maintain its healthy and stable
development for all to enjoy.
Despite being a new generation of blockchain cloud service
platform, YAO Network has demonstrated a strong foundation in the
workings of technology with underlying access and application and
product development tools.
By introducing different technical services, business support
and platform incentives for blockchain communities, application
developers and enterprise users, YAO Network is set to go against
the blockchain grain, creating a complete ecological loop for the
development and commercialization of blockchain technology.
Interested to find out more? Stay tuned to YAO Network
through its social media:
Facebook: https://www.facebook.com/networkyao/
Medium: https://medium.com/@yaonet
Telegram: https://t.me/yaonetworkcommunity
Twitter: https://twitter.com/yao_network
Website: https://yao.dev/