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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.

As one of the most active countries in the global blockchain, South Korea has the most developed Internet technology in the world, and the government is highly supportive and has adopted relevant laws to regulate the development of the industry. On August 7, 2018, the Korea Creative Content Agency (KOCCA) visited Ultiledger, the two sides exchanged ideas on the combination of cultural industries such as television, music, games and blockchain technology, and reached a cooperation intention. KOCCA sent an invitation to Ultiledger, hoping that the Ultiledger team will go to Korea for the in-depth communication.

Although the public’s perception of the blockchain may still remain in the fields of finance and electronic trade, since the beginning of 2018, the application of the blockchain in the entire industrial chain of the cultural industry is also expected. The Korea Creative Content Agency (KOCCA) is dedicated to the production, distribution, overseas distribution, entrepreneurship support, and other domestic corporate support programs in various fields such as television, games, comics, cartoon characters, animation, and music. The delegation of the Korea Creative Content Agency and Ultiledger Founder Randolf and Co-Founder and COO Tommy discussed the future development of the blockchain + cultural industry. We hope that in the near future, Ultiledger will help the Korea Creative Content Agency (KOCCA) become the new impetus for the development of Korean cultural industry!

The KOCCA delegation photos with Ultiledger Founder Randolf and Co-Founder & COO Tommy.

About KOCCA

The Korea Creative Content Agency (KOCCA) was established on May 7, 2009 to support the revitalization and development of the cultural industry more efficiently. According to Article 31 of “the Basic Law on the Promotion of Cultural Industries”, KOCCA established by emerging the Korea Radio and Video Industry Promotion Agency, the Korea Cultural Industry Agency, the Korea Game Industry Promotion Agency, the Cultural Industry Center, the Korea Software Promotion Agency, and the Digital Culture Industry Group. The KOCCA aims to strengthen the cultural industry of the Republic of Korea and gradually to achieve the goal.

Ultiledger reached friendly cooperation with NEM Chinese community, the world’s 16th largest digital currency by market capitalization

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.

NEM (New Economy Model, new economic movement organization) is a peer-to-peer security system encryption information platform that can provide financial services such as payment, information interaction, asset management, etc. It is also a model of economic ecosystem. Therefore, it is a more reliable and complete solution platform for building real-life application scenarios.

Recently, Ultiledger COO Tommy Xu and NEM China CEO Steve Li and the head of NEM China Taiwan Flora Fang reached a friendly cooperation to jointly develop blockchain technology and its application in practical scenarios.

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.

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 Ultiledger team has more than 10 years of IT experience, from the Wanxiang Blockchain Lab, the HKEX, the Chinese Academy of Sciences, Ant Financial, SAP and State Street Bank. There are 5 team members who were the early code contributors of ripple and stellar, and meanwhile they have been operating the largest community of ripple and stellar in China, they have made many successful applications based on sub-chains in the early days and proposed a number of breakthrough innovations. With the expansion of the blockchain business, it is found that the application of blockchain through sub-chains cannot satisfy the circulation of credit, assets and value, and realizes self-finance only achieved in the ecology, however, the financial scene is often complicated and the assets are increasing, the demand for interaction is extremely large. Based on the above, the team initiated the research and development of a next generation of self-financing public chain, which on the one hand satisfies the financial needs of different scenarios, on the other hand, it will map and combine the assets of circulation, and can support the circulation on a global scale. Ultiledger launched a groundbreaking and interactive blockchain system architecture – Ultiledger, is committed to providing blockchain solutions to meet the needs of real business applications.