Author: ultiledger

According to the “Investigation Report on SME Financing Report” issued by the National Federation of Industry and Commerce in February 2010, in the decade of 2001-2010, more than 80% of the credit funds of national-owned banks were invested in large enterprises, and only 20% of the credit funds were issued to the SMEs. Compared with the annual contribution of SMEs to GDP of more than 65%, the support for SMEs is very weak, and it can be said that it is almost unsupported.

However, in recent years, the situation has improved under the full attention of the country. According to the statistics of the China Banking Regulatory Commission, by the end of 2015, the total amount of loans used by banking financial institutions for small and micro enterprises was RMB 2.35 billion, compared with the total stock of banking loans RMB 9.58 billion, small and micro enterprise loans accounted for only 24.5% of total bank loans.

This set of data is also a portrayal of the long-term real experience of SMEs in China’s GDP contribution. Indirect financial methods cannot meet the needs of SMEs for financing.  Compared with large enterprises, it shows obvious unfair treatment of using financial leverage to promote economic growth and promote business growth.

In this respect, due to the limitations of SMEs’ own development, such as the lack of a basic financial credit system, and the lack of quantifiable and data-based information assets, which have led to a high cost of credit; on the other hand, it is technically lacking a solution that reduces costs while also meeting the self-financing needs of SMEs.

With the development of society and technological advancement, the Internet platform revolution initiated by many Internet companies has brought a new dawn of Internet finance. However, these Internet companies, because of their expertise in the 2C consumer sales model, a lot of technology has been applied to the solution of inclusive financial problems in consumer terminals, such as Alipay’s balance treasure, and changes in investment financial planning for individual consumers.

This kind of application of technological progress is applied to the end consumers, applied to the commercial circulation field, and biased towards the demand side, which have let to a seriously unbalanced structure of the application of supply and demand technology and the use of inclusive financial means in the traditional economic circulation structure of China, and the use of financial leverage at the demand terminal stimulates demand and drives supply. However, the main body of supply, the inclusive financial technology of small and medium-sized enterprises, and the application level of Internet technology are very low. The imbalance between the application of technology and the application of financial technology means are more obvious.

Such a reality makes people who are looking forward to technological progress to solve the development difficulties of small and medium-sized enterprises, such as difficult to finance, expensive to finance, and lack of financial leverage, are once again disheartened.

The birth of Ultiledger is aimed at the financial technology needs of the self-economy represented by small and medium-sized industrial enterprises. Through the support and empowerment of the underlying technical architecture of the blockchain, the self-economy company will have the self-finance ability with low-cost and high efficiency. And then solve the problems of capital and technology demands in the process of its own development, while enjoying the Internet technology, the dividend of the blockchain technology, and the realistic scene, the realization of the application of financial technology, thus enjoying the benefits of inclusive financial achievements.

Let the world have no blind spots for inclusive finance. It has always been the vision of Ultiledger. In the process of rapid advancement of science and technology and the continuous evolution of various subversive technological capabilities, the self-economy as the main body of social value creation should enjoy the at the same time, applying these scientific and technological progress, realizing the equal rights of science and technology, and the financial means of leverage brought by technology also have the right to equal enjoyment, and it is indiscriminate, low-cost and efficient, and will not be treated differently because of your company size.

Making technology and financial technology a universal tool, a force that contributes to the development of the economy and the creation of value, has always been the goal of the Ultiledger team to achieve. And the results of scientific and technological progress can be achieved through Ultiledger The transformation and optimization of the platform has become an incremental tool suitable for the creation of value from the economy. It is the greatest value of this platform and the embodiment of the team’s greatest value.

From the day when finance was created, it was the mission of promoting the value creation of human economic activities. It can be said that the promotion of financial value creation and the increase in efficiency are the genes of financial mission.

In ancient times, the economic activities between tribes and small cities were mainly reflected in their own autonomy and barter exchange without the financial needs of intermediates. With the progress of society, the scope of social and economic exchanges expanded, frequency increased and the emergence of currency etc., has led to the prosperity of economic activities and the emergence of financial needs.

On this basis, financial activities have occurred, especially in the era when the circulation of physical currency is not convenient. The financial means marked by credit endorsement can bring low-cost and high-efficiency credit authorization activities, thus promoting the creation of economic activities.

In the same period, the financial service system was born, including direct financial means represented by direct investment, and indirect financial services through institutions such as intermediary commercial banks. These two forms of financial services have also become the accompanying human economic and social value creation for a long time.

Looking back at the birth process of indirect financial services, it is the demand that the scope of traditional economic activities is expanded and frequently strengthened. However, the financial services represented by traditional direct investment cannot be effectively supported by technology, thus generating the demand for intermediate intermediary. Although the cost is increased, this cost is worthwhile compared to the final result of solving the problem.

It can be said that the existence of indirect financial services and intermediate intermediaries is essentially a balance between cost and effect output that cannot be de-intermediated by technology. This is also the foundation of indirect financial services institutions.

However, with the advancement of the times and technology, especially the advancement of Internet technology and blockchain technology, which bring universal spread of information Internet technology and the deep penetration of social and economic life, the transfer efficiency and the level of digitization of internal information of traditional self-economy have been greatly improved. At the same time, the point-to-point decentralized distributed storage and transaction system of the blockchain enables the realization of the “value Internet”, while achieving the free flow of value, also reducing the cost and improving the efficiency.

The transformative forces from technological empowerment are spurring the wave of de-intermediary transformation in the financial services.

As the next generation of “self-finance” blockchain protocol, Ultiledger provides a new function to realize the “self-finance” capability of the economy through the underlying technology empowerment and platform support of the blockchain, making “self-finance” a kind of universal infrastructure, which can be easily enjoyed by the economy, it has no entry threshold, and is low in cost and high in efficiency, making “self-finance” an equal enjoyment for any entity in the society with a broad self-economy.

Ultiledger’s self-financing revolution from the economy is essentially a subversion of traditional indirect finance-led financial services. In the future, with the advancement of the Ultiledger platform, when a large number of self-employed economies have the self-solving ability of the flow of information and value circulation in its own development process by “self-financing”, and its demand for indirect finance is reduced to a minimum.

The revolution that Ultiledger brings is not only the empowerment of a company’s “self-finance” capabilities, but also a subversion of traditional direct finance, indirect finance, and self-financial model structure.

In the future, “self-finance” will become a universal, mainstream and basic form of financial services, and Ultiledger’s value increment will show exponential growth, and the final result will be “self-finance”, direct financial and Indirect finance provides a hierarchy and structure for supporting financial services, and will also bring a low cost and a high efficiency of the self economy society, so that the economic value increase brought to society will also be limitless.

Ultiledger empowers the economy with blockchain technology. The changes will involve the subversion of traditional financial services and become the emerging force that leads the changes in the world financial services landscape, and it will be the backbone.

The financial service pattern of the future economy will be reshuffled with the emergence of Ultiledger. This is a visible future and an inevitable occurrence.

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In China’s economic structure, a large number of small and medium-sized industrial enterprises are the main source of economic vitality. However, for a long time, the overall development pattern of China’s economy, the national enterprises and large enterprises that are related to the national economy enjoy more resources and supports, small and medium-sized industrial enterprises are lack of a healthy and fair growth environment.

For a long time, Chinese small and medium-sized industrial enterprises have been in an unequal position in the game with various enterprises and financial service institutions. Originally, they were Party A enterprises, but they became the fact of Party B, and the weak structure of the enterprises have been losing chance for the dividends of the wave of technological change for many times cause the fact of the inadequacy of the huge investment in technology research and development.

Ultiledger is initiated by a group of technical geeks who are pursuing technology to change the world. The development difficulties of self-economy for China’s large and medium-sized industrial enterprises have something in common, such as the low level of technology application, the inefficiency of business processes, the difficulty of financing, and the lack of fairness and equality. With the help of blockchain technology, it empowers the economy and allows many self-employed economies to have the “new genes” of modern enterprises with “self-finance” functions, improve the efficiency of internal business and enjoy the achievements of financial science and technology, to achieve the efficiency and value-added of the company’s own value creation, so that China’s small and medium-sized industrial enterprises truly “live” and “fire up.”

Ultiledger is a blockchain public chain platform based on the next generation of global self-financing blockchain protocol. It uses blockchain technology to realize the “self-finance” capability of the economy, and to achieve the tokenization of internal business process within the economy and the value circulation by means of token economy model, and the internal value transfer efficiency of the economy will be greatly improved and the cost will be greatly reduced.

By using the Ultiledger public chain platform, it is possible to complete asset tokenization within the economy and realize free trade circulation, bringing value-added benefits of asset value to the economy, and achieving more advanced “self-finance”.

The Ultiledger team has the universal value of “technology changes the world”, and believes in the concept of “technology achievements are universally shared by all human beings”. It hopes to use the universal tools of technology and financial technology to provide the most economically needed economy in China, and get the right to share the achievements of scientific and technological progress, to achieve their own universal technical and financial technology concepts.

The mobile Internet revolution makes the consumers to use WeChat payment, Alipay’s easily and conveniently, by the time they enjoy the “inclusive financial” service and the achievements of scientific and technological progress. For those small and medium industrial enterprises, which are active in China’s economic ecosystem, they also need “inclusive financial” tools and means to achieve the sharing of scientific and technological progress.

Ultiledger is born for the small and medium-sized self-employed economy to enjoy the benefits of inclusive financial technology. It uses blockchain technology and ideas to create a decentralized, equal and free market competition environment, and make universal financial technology tools as an underlying infrastructure of social infrastructure to be shared by all human beings.

Ultiledger is the next generation of global self-financial blockchain protocol, which is aimed to build a blockchain public chain ecological platform for the core application scenarios in China’s economic development which are the high financing costs of small and medium-sized industrial enterprises, the low level of digitalization of business processes, and the lack of value-added means of various assets.

The Ultiledger public chain eco-platform originated from a blockchain technology community, uniting technical geeks and industry veterans from various fields, in the process of applying the blockchain to the business entities projects, there are more and more needs to optimize and progress the technology, products and services and is ultimately a “ground-to-bottom” blockchain public chain platform derived from the bottom up.

The Ultiledger public chain eco-platform is supported by blockchain technology. With technology and financial means, it provides technology-based public chain eco-platform and a complete solution with low cost and high efficiency, the self-employed economy represented by small and medium-sized industrial enterprises has the “self-financial” functional attribute, which promotes the empowerment of its business growth, enabling inclusive finance to benefit the small and medium-sized industrial enterprises, and enabling more self-economy to share the progress results of the financial, technological and Internet tools. Achieving the equal development rights and universal benefits in the process of economic development.

The Ultiledger public chain eco-platform adopts a hybrid structure of main chain and sub-chain. The main chain consensus mechanism achieves the principle of consistency within the ecology, which helps the distributed storage mechanism complements to set up the data and value circulation channels of the sub-chain and the main chain. And different business requirements adopt appropriate value transfer and storage mechanisms, which have greatly improved the efficiency of the public chain eco-platform, and have become a universal financial technology tool with the technical ability to serve and empower all economies.

The Ultiledger sub-chain is universally applicable to any enterprise, government unit, individual, and community with economic attributes. With Ultiledger’s public chain platform, the sub-chain entity can have its own business process digitization and realize free flow of internal information within its economy entity, greatly enhances the internal operational efficiency of the enterprise; with the technical tools provided by Ultiledger, it can realize its own “self-finance”, issue Token corresponding to internal business processes, and use it in business circulation, and the main chain will provide technical support and technical credit empowerment to ensure a free circulation.

The Ultiledger sub-chain can realize the tokenization of assets including physical assets, production materials, business data, intellectual property, etc. by means of the public chain, and has a certain public link ULT anchor, which can realize free trade circulation through the public chain platform. Bringing the value of assets flows and liquidates, thus achieving low-cost, high-efficiency external financing from the self-economy.

The Ultiledger main chain provides platform and technical support for the internal value transfer of the Ultiledger eco-platform through technical empowerment, technical credit endorsement, and platform asset transaction realization, and completes distributed storage (DDS) of key information on the sub-chain and main chain on the platform. Value transfer and exchange in an efficient, secure and cost-effective manner. In reality, it acts as a platform for technology and credit support from the “self-finance” function of the economy.

By realizing the “self-finance”, business data digitization and asset securitization of the economy, Ultiledger provides an ecological environment for value-added of value circulation and value preservation. While realizing the value-added of the economy itself, it also enjoys the bonus of enjoying the value-added value of the ULT ecosystem platform, achieving multi-win.