MOAC Cooperates with MFISE for the Practical Application of Digital Assets!

With the rapid innovation and upgrading of global informationization, the information era will usher in another round of technical revolution and industrial transformation. The blockchain, as a frontier technology, has been included in the national informatization planning of the 13th Five-year Plan for the first time, which indicates that blockchain technology has been accepted by our country and greatly promotes the breakthrough of blockchain in underlying technology application. Recently, the first domestic practical application of logistics digital assets has come into being — MOAC cooperates with MFISE for the practical application of digital assets.

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[Status Quo]

Distributed ledger and thesmart contract can build a visual, dependable, and efficient transaction environment and thus are well received in many industries. Now they are typically applied in the financial field, e.g. ants-pay of Alibaba and the electronic invoice of JD, while their application in the real economy is still under exploration. All walks of life are expecting a strong and convincing case for reference.Adhering to the spirit of innovation and breakthrough, MOAC has always been exploring the underlying technology application of blockchain, and has cooperated with Beijing Wisdom Cloud Innovate, Ningbo government, Netease Cloud, and Kaba Rental successively. In order to seek for practical applications of blockchain service real economy and develop the model of industry applications, MOAC Blockchain has taken a roundabout way and started with logistics, and found the project available for practical application — MFISE Smart Share Pallet.

Logistics pallet, as a necessary carrier in cargo transportation, is the smallest carrier in logistics unitization and the main point of the national support for the logistics industry. According to the statistics of the Ministry of Commerce, the quantity of pallets in China exceeded 1.2 billion in 2017, with the constant increase every year; accordingly, such revealed problems as low standardization and low rate of flow have perplexed the logistics enterprises. MOAC, starting with the fragmented management of pallet assets, is cooperating with MFISE to promote the supply chain finance and the development of blockchain application in the real economy.

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[Case Study]

The features of decentralization, non-manipulation, and traceability satisfy the management demand of blockchains as tradable assets, and can achieve product life-cycle management for each pallet and relevant information bound to the pallet. The distributed ledger, in the first place, solves the belonging problem of the pallet as fragmented assets; decentralization and non-manipulation provide reliable basis for the pallet attributes and the authenticity of the bound cargo; smart contract perfectly solves the on-chain record and traceability of each transaction node in circulation; the features, throughout the whole supply chain, put all procedures on the chain, thus optimizing the supply chain and providing strong support for the supply chain finance.In order to put the pallets on the chain, MFISE has independently developed the “Smart Logistics Chip” which is placed in the pallet, realizing “tracking” and “data reading” by Internet of Things, and achieving distributed ledger initiatively delivering and recording the cargo information and smart contract by means of the binding between the pallet and the cargo, which is non-manipulable and reliable. Based on the distributed ledger and non-manipulation of the blockchain, the user can verify the authenticity of the cargo on the blockchain at any time and monitor the cargo in real time through the cargo information, realizing whole-process supervision on the pallet and the cargo.

The technical team of MOAC Blockchain consists of top blockchain experts from the Silicon Valley, who have overcome the industry puzzles like asynchronous contract call, contract sharding, and cross-chain operation. The expansion capability and the contract processing speed of the platform are much more superior to those existing platforms like Ethereum. It is a real blockchain underlying platform for the deployment of business applications. Combined with MFISE “Smart Pallet”, it realizes the real economy application of blockchain + logistics pallet!

Currently, there have been 50,000 MFISE Smart Share Pallets on the chain, covering multiple industries like medicine, food, and manufacture, with which the user can conduct fragmented assets management. The supply chain management can be enhanced and the cross-regional efficient operation of the pallet in circulation can be improved by the visual transaction environment and non-manipulable logistics data of the blockchain.

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[Significance]

As the real world is increasingly integrated with the digital world, the combination of MOAC Blockchain and MFISE Smart Share Pallet has realized trackable, traceable, and comparable authentic right and logistics tracking and tracing. As the first industrial application of blockchain serving logistics digital assets, MOAC Blockchain + MFISE Smart Share Pallet has a universal significance to industrial application. It lets more entrepreneurs see greater feasibility and creativity in the application of frontier technology by real economy, brings new energy for the logistics industry, protects the supply chain finance, and greatly promotes the optimization and efficiency of the supply chain.