SilkChain aims to create next generation of smart contract platform, adopting some mechanism of consortium blockchain, to achieving mass deployment in global trade industry. Hopefully reaching 5000-10000 tps after optimization, SilkChain will meet the performance and feature requirements of global trade industry of future years, by improving the VM container, smart contract runtime, consensus mechanism as well as by implementing business isolation and tier based smart contract redesigning.
SilkChain 2.0 will be the future fundamental blockchain infrastucture, provides mature blockchain service as demand in form of public, consortium and private for all industries including global trade industry. As a dominant form of activities among nations and states, global trade is the largest industy in the world. In 2017, the total amount of global import and export has reached 31.8 trillion USD, which is equivalent to the combined GDP of China and United States.
However, from 2008 to 2017, the total amount of global trade industry has been stagnant. While the transactions tend to be more fragmented and more frequent, the existance of trust barriers greatly limits the small and medium-sized enterprises, especially whom unable to obtain letter of credits from banks, to get involve to global trade activities. Silkchain project will improve the international trade. For its fundraising, the project has gathered the most influential members and participants.
The project has gathered world leading business groups, trading companies, e-commerce companies, logistics, warehousing and finance companies from around the world. We are united around the goal of sharing more resources, and profits to create a bigger and more efficient market to improve the long-term sustainability of global trade.