SER, a hybrid blockchain which was established on a centralized service system, was officially launched recently. The fully-open service chain was developed so that organizations and developers can participate in the construction of the service system framework. The service chain system, which has been successfully developed, is based on the blockchain technology such as information technology, business alliance, consumer union and system engineering, and an open source ecosystem.
Open source sharing, and consensus mechanisms to encrypt the currency, decentralizing the service-related aspects such as the hospitality industry, hotel industry, insurance industry, service industry, etc. can be used to radically improve the ecological infrastructure to form a complete consumer service network.
The new Ethereum intelligent contract outlines the service chain business agreement code, distributed storage, open and transparent, token incentive, spending power and other characteristics.
According to the owners of SER, Point of Sale is cantered on the likes of Bitcoin, Ethereum, Polkadot. Caldano’s smart contract will use the third-generation EVM-based virtual machine, IELE, to enable cross-link functionality through the sidechain. They said that the initial goal was to improve the current design and development model for cryptocurrencies with the ultimate vision of providing a more balanced and sustainable ecosystem and meeting the needs of users seeking additional system integration。
One of the top executives of SER stated that the top nine purposes that the service chain would serve are token accounting, financial management, the production control and management, hash management, procurement management, distribution management, inventory control, human resources management and consumer data sharing.
“SER’s core objective is to achieve the effective management of the entire service supply chain. The various components of the value chain of the service industry constitute an organic whole, which are interrelated, mutually restricted and interdependent. Each link consists of a large number of similar enterprises. With a large amount of exchange of information, material, tokens and sharing, it is essentially a process of increasing value. At the same time, it is intertwined between the industrial value chains which are often represented as a multi-level decentralized structure. In the new competitive environment, the competition in the industry not only shows the competition among individual enterprises, but also shows the competition between one industrial chain and another industrial chain, the competition between one enterprise cluster and another cluster, even competition between state and state enterprises”, said an executive of SER.
“The value-added link behind the front of the value of the product helps new customers to produce new value products. However, this does not mean that the value of the input in the previous part can be achieved later. If there is a value-added bottleneck, part of the input value in the service value chain will be lost and cannot be added. Also, the process of value-added service value is a continuous process. This feature is of great significance to the going-concern enterprises involved in the value chain because the realization of the long-term value of the enterprise is more important than the realization of the short-term value. If an industry value chain cannot be effectively recycled, then the value chain of the industry will be on the verge of death”, he added.
“Take the electronic information industry as an example. From a system perspective, there is a technical hierarchy of standards development and equipment development for an end product. The technical convergence between the three levels is stringent. Equipment and end products are developed under a certain standard. Each time a piece of equipment or product is produced, a certain standard fee for use by a standard-holding enterprise needs to be paid. The chip technology is the core of our industrial chain technology, and the components are based on chip performance and parameter development, the technology and chip technology has upstream and downstream relations, the whole The technical content of the assembly link is lower, mainly to solve the problem of device selection and component matching. For example, we can equip the restaurant industry with intelligent hardware to centralize SER strands, enabling consumers, merchants and developers alike to generate and accumulate output tokens”, added the executive.
While speaking about the developer benefits, the executive of SER stated that developers for businesses need to customize the functionality. “For example, each business is like a pool, which needs to be continuously consumed by users after consumption, so how do they happen? There are three relationships established through the server chain SER block technology, so that they form an Ecosystem. Business developers have to obtain the proportion of SER fee compensation. On the other hand, merchants provide consumers with a power pool that can create blockchain, when consumers make purchases for the SER token, at the same time they need to pay the merchants. Consumers need to obtain SER tokens, which can be consumed by enterprises and accumulate hash values according to the amount of consumption”, he told the press.
About the Company
Official website: www.serchain.io
Service Chain – serving the global service industry
View contract information: https://etherscan.io/token/0x0042d589023cfd5a979388f5be6e4abf532ab9af
Company Name: Service
Contact Person: Media Relations
Country: United States