Ultilegder, the Next Generation Global Self-financing Blockchain Protocol, an open source protocol initiated by a number of IT technology geeks, gets a high-level consensus and co-governance from the communities. Ultiledger aims to build an economic and financial ecosystem based on token ULT to help any organization (contains government, business, industry clusters or individuals and communities) that needs to build trust at a low cost and rapid construction of a distributed financial book and account system of bank-grade security; zero-cost transaction settlement within the ecosystem; improved security, privacy, efficiency and capital availability of the system through the combination of the main chain and sub-chains.
In the Ultiledger ecosystem, any tangible assets, data or intangible rights can be written on blockchain to become a string of code to achieve assets and data tokenization, and to use smart contracts and distributed storage for completing functions such as confirmation, notarization, trading, circulation, etc., and finally achieving “credit circulation, asset circulation, value circulation” in the algorithm world.
The strategic partnership between Ultiledger and RippleFox is a major development opportunity in the field of blockchain technology. RippleFox is China’s largest Ripple and Stellar community that leads Chinese to study the technology of distributed ledger and storage. RippleFox is committed to driving new blockchain technologies that can be applied to a variety of applications, enabling society and users to benefit from technological advances.
RippleFox is an online community where blockchain enthusiasts gather for their technology hobbies. Currently, they have more than 20,000 active community members, researching Ripple, Stellar, IPFS and other technologies. The technicians introduced advanced blockchain technology, contributed a lot of code and practice cases, and work hard for the blockchain to truly implement.
Both Ultiledger and RippleFox will leverage their strengths in their respective fields, combining blockchain technology and financial services to deepen innovation in supply chain finance and inject vitality into the real economy.