VEE: Blockchain Database Cloud and Bitcoin Version 5 - excelsia/vee GitHub Wiki

www.vee.tech

Goal

  • Cloud computing platform that allows efficient creation of new blockchains and lowers cost for Blockchain application development.
  • Decentralized interactions between blockchains allowing massive scale beyond data storage capability.
  • Diverse ecosystem with a self-governance mechanism to fully support the growth of virtual economy.
  • Re-architecture of blockchain technology to utilize modularized structure to simplify software upgrade.
  • General-purpose database features to represent data and information in descriptive and integrative manner, so that application developers can focus on business logic.

Advantages

  • Open
    • Open source platform that allows developers to build applications through public APIs and encourages fair competition. .
  • Powerful database features
    • Allow application developers to focus on business logic when designing data modules.
  • Cloud
    • Public platform to support an ecosystem of applications.
  • Scalability
    • Scaled both in-chain and cross-chain transactions.
  • Security
    • Distributed and shared trust network guarantees security by protocols and mathematical theories. 

High demand for Blockchain-based applications

  • Currency
    • As a revolutionary change to traditional currencies, the cryptocurrency is transforming payments and value in a peer-to-peer and self-regulated fashion through latest technology.
  • Financial services
    • Improve service efficiency by enabling financial service providers to transact instantly and securely.
  • Digital assets
    • Keep digital assets secure; prevent fraud; and emphasize anonymous private property.
  • Identity management
    • Avoid illegal changes or counterfeit on official identities and documents.
  • Voting, authorization, and authentication
    • Publicly and transparently record activities to make voting or authorization tamper-proof and incorruptible.
  • Smart Contract
    • Smart contracts between parties are flexibly defined without third-party arbitration but with certainty of settlement.
  • Games.