According to an announcement made on April 16, the platform will allow developers and small and micro enterprises to use innovative blockchain tools, where they can now further explore technology and develop better applications and contracts. Smart on Block Chain.
General Manager of You Financial, Jin Ji, claims that the launch of Open Chain will boost the efforts of nearly a million SMEs and developers over the next three years. < / p>
According to the statement, SMEs and developers will be able to use a variety of tools available to create products related to supply chain financing, product source, digital invoices, and charitable donations. This can help diversify the reach of Blockchain technology across different sectors.
Wu Qiao, CEO of White Matrix - a company that uses OpenChina to develop smart contracts for developers - has compared OpenChina to other blockchain platforms including Ethereum, saying: The platform facilitates low-cost smart contracts, and lowers the entry barrier for developers. Not only is OpenChin transaction speeds several times faster than general blockchain platforms like Ethereum, but the transaction cost is only a tenth more.
