SixDomainChain Foundation, a Singapore-based IoT blockchain organization, today announces the launch of SDChain Initiative to serve East Asian IoT markets with innovative blockchain 4.0 technology. SDChain, an IoT blockchain commercialization initiative, aims to create a partnership ecosystem of sharing trustable IoT digital assets generated from devices, that integrates international standards of IoT six-domain model and standards of distributed blockchain reference architecture.
Standardization. Facing the current IoT industry's lack of international standards, Dr. Jie Shen, Project Editor of ISO/IEC IoT reference architecture standards, and Co-Chairman of SixDomainChain Foundation, says, "I am very pleased that through SDChain, all of the hard work and research that my colleagues and I have collaborated to design for global IoT standards at our international task force comprised of IoT experts from over 30 countries, will finally become an united global IoT reality and benefit the whole world."
Blockchain 4.0. SDChain envisions that IoT data from the physical world, should be sharable via a fast and cost-effective digital blockchain network where data producers and data users conduct digital asset exchange. Hence, the mission of SDChain is to create an open partner ecosystem developing and sharing trustable IoT blockchain digital assets. To meet real-world mission-critical IoT application needs, SDChain innovatively proposes SDFT algorithm, incorporating the highly consistent RAFT algorithm and the strongly concurrent BPFT algorithm, committing transactions much faster than many of its peers, at lead time less than 5 seconds, with the capacity of processing more than 1800 transactions per second.
Operation. To commercialize SDChain technology from research labs, the SixDomainChain Foundation has appointed David Pan as the CEO of SDChain starting on January 2nd, 2018. Lately serving as the Director of IoT Asia Marketing at Arm, Pan brings 20 years of technology and finance industry management experience to SDChain. Pan comments, "I am honored to join SDChain to lead the group's effort in commercializing blockchain-based IoT six-domain model, starting with East Asia markets, as businesses in this region demand standardized, cost-effective and scalable IoT blockchain solutions."
China Mainland Ecosystem Collaboration.
With 2000+ China-based IoT enterprise members, China IoT Industry Application Alliance (CIOTIAA) has agreed to adopt SDChain in its online and offline blockchain technology application curriculum in 2018. Wei-Qi Yang, Secretary General of CIOTIAA, says, "The real-world IoT practice will benefit from a standardized and sharable data exchange system. SDChain offers such key benefit adaptable to our members' IoT needs, to help them save costs in implementation and project maintenance. We are happy to promote and train our members on applying SDChain to their enterprise needs."
Taiwan Ecosystem Collaboration.
With decades of semiconductor commercialization experience and electronics manufacturing excellence, Taiwan is the heart of the world's ICT industry. Pin-Hsien Liang, Chairman of Taiwan IoT Association and Flowring Technology, says, "We are happy to bring SDChain to our IoT system integrator and manufacturer association members. SDChain, backed by international standards, will help guide us in understanding IoT globalization requirements."