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Supply Chain Finance
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Supply Chain Tracing
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Digital Assets
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Notarization for Crowdfunding
Supply Chain Finance
Uses decentralized, tamper-proof, shared ledgers to ensure transparency and fairness, helping SMEs improve their credit ratings while cutting risk management costs.
Advantages
High efficiency
Shared ledgers allow all parties to use and recognize the same set of data, streamlining the financing process.
Low costs
Complete recording and tracking of logistics, information flows, and capital lower risk management and financing costs.
High credibility
Fair and transparent transactions help SMEs improve their credit ratings and ultimately obtain preferential interest rates for loans.
Supply Chain Tracing
Each party can maintain ledgers, ensuring real-time and authentic data updates, and use product-unique tracing codes, ensuring authenticity of commodities and the distribution processes.
Advantages
Tamper-proof
Commodity and distribution information is encrypted in the blockchain, preventing tampering.
Transparent
Unique commodity codes in the blockchain make it possible to completely and transparently record ownership and distribution.
Easy to trace
Tamper-proof, transparent ledgers allow parties to understand commodity distribution and facilitate supervision by regulators.
Digital Assets
Automated transaction capabilities such as asset ownership confirmation and accounting reconciliation support efficient exchange of digital assets and prevent in-chain falsification.
Advantages
Fewer disputes
Each asset, with an immutable timestamp, is registered publicly, facilitating tracking of asset permissions.
Higher efficiency
Trust, sharing, and security and privacy protection ensure smooth distribution of digital assets.
Prevention of duplicity
Tamper-evident ledgers prevent falsification risks.
Notarization for Crowdfunding
Funding is traceable and information is open, transparent, and shared across the entire network, resolving trust issues between organizations.
Advantages
Increased efficiency
Shared ledgers break down the barriers among people and organizations. Smart contracts enable automatic transaction execution.
Effective control
Distribution, use scope, and even validity period of capital are effectively controlled.
Improved public trust
Algorithm-based consensus between parties at all blockchain nodes makes transactions open and fair, improving mutual trust.
Functions
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Quick Deployment
Reduces blockchain deployment time from days to minutes.
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Dynamic Joins
Cloud tenants are invited to form consortia. Each tenant has a separate VPC, ensuring security and controllability.
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Pluggable Consensus Algorithm
Provides multiple consensus algorithms to adapt to diverse scenarios.
Lowered threshold
Adopting Huawei's best practices, deployment time is significantly reduced and configuration is primarily automated, saving time.
Masking underlying technology
The high availability, high performance, and secure blockchain system is ready for immediate use. Users can focus on their business, without concerning themselves with the underlying technologies or having to invest in platform construction.
Convenient and flexible
Consortium blockchains can be formed dynamically. Consortium members share the blockchain network costs.
Solo (for simplicity and testing)
In a Solo ordering service, only one orderer is available. It does not support byzantine fault tolerance, but features quick startup and resource saving.
Fast Byzantine Fault Tolerance (FBFT)
FBFT is a consensus algorithm with high performance and availability. It requires at least four orderers for transaction ordering and tolerates byzantine faults at a maximum of (N – 1)/3 orderers, where N indicates the total number of orderers. For example, assume that there are seven orderers. Transactions can be correctly ordered if no orderer or only one orderer experiences byzantine faults. This algorithm is recommended in the production environment.
Kafka (crash fault tolerant)
This high-speed consensus algorithm orders transactions based on Kafka/Zookeeper, tolerating crash faults on just under half of all nodes.
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Node Auto Scaling
Supports auto scaling of peers and orderers to meet high availability demands without needing a system reboot.
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Visible Code Management
Allows chaincode management on the web throughout the entire lifecycle, including viewing, installation, and instantiation.
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Cloud Monitoring
Offers an open platform to monitor data and resources, generate alarms, and send notifications in real time.
High availability
Compliant with Kubernetes; support for masters, shared storage, and node fault recovery.
Dynamic scaling out
Docker containers run on nodes and can be seamlessly scaled out based on user requirements without interrupting services.
Automated O&M
Executes active upgrades on the underlying blockchain platform and updates patches automatically to seamlessly integrate with the HUAWEI CLOUD O&M system.
Enterprise-grade monitoring
Performs multi-dimensional monitoring on clusters 24/7, and supports user-defined alarms across multiple channels.
