Zhizao Chain joins hands with Hengyuan Automobile to collaborate and integrate to create a better future

On June 26, at the invitation of Mr. Wang Zuguang, Chairman of Hengyuan Electric Vehicle Group and CEO of Rongda Intelligent Manufacturing, Mr. Li Chengkun, founder of Zhizao Chain, attended the "Breakers, Leading the Future" Rongda Intelligent Manufacturing 2018 New Product Launch Conference. Also attending the conference were Mr. Lu Hongliang, former Chairman of SoftBank China and Chairman of AMEC, Rob Ferber, former Scientific Director of Tesla Motors and VP of Hyperloop, and Mr. Yang Xiangyang, Chairman of Yuanzheng Investment, and other well-known industry figures. The conference adheres to the concept of new manufacturing, new technology, and new products, and witnesses the changes in intelligent manufacturing technology with many industry pioneers.

The Rongda Intelligent Manufacturing Team explained the many pain points of the last mile of logistics. Hengyuan electric vehicles can be customized according to user needs and have been applied to actual application scenarios, effectively solving the diversified needs of the logistics industry.

Mr. Wang Zuguang said: "Vehicle digitization is an inevitable trend. Rongda Intelligent Manufacturing is constantly exploring and redoubled its efforts in the digitalization of intelligent logistics vehicles to innovate and iterate in this world. Everything is connected, everything is connected, and everything is coordinated, which gradually brings us into an intelligent business era. In the era of intelligent business, the self-centered business model will become a platform-based win-win model. The root of the Internet of Things is hardware digitization. The Internet era allows people to communicate in a sufficiently convenient way, establish relationships with customers, and maintain real-time interaction. The core of the future business model is how to discover user needs, rather than providing a standardized product. It has become possible to reconstruct the business logic with users as the starting point, and the centralized pattern has become a distributed pattern."

Third from left: Mr. Wang Zuguang, Chairman of Hengyuan Automobile Group and CEO of Rongda Zhizao; Second from left: Rob Ferber, former Scientific Director of Tesla Motors and VP of Hyperloop; Fourth from left: Mr. Li Chengkun, founder of Zhizao Chain; First from left: Ms. Li Dan, co-founder of Zhizao Chain

Middle: Mr. Lu Hongliang, former Chairman of SoftBank China and Chairman of AMEC; Left: Ms. Fan Yiyang, CEO of Kangshuo Group; Right: Mr. Li Chengkun, Founder of Zhizao Chain

The concept of the smart manufacturing chain M2D (Manufacturing to Demand) "Let the world be smart for you", in line with the development needs of the general trend, relying on a powerful main chain consensus algorithm, can easily meet the needs of users. The peer-to-peer, tamper-proof, secure, transparent and traceable blockchain technology just provides a solution for the manufacturing industry to meet customer needs. The blockchain connects the sensors, control modules and systems, communication networks, ERP systems and other systems in manufacturing enterprises, and through a unified ledger infrastructure, it allows enterprises, equipment manufacturers and production safety supervision departments to monitor all aspects of production and manufacturing for a long time and continuously, and improve the safety and reliability of production and manufacturing. At the same time, the traceability and immutability of blockchain ledger records are also conducive to the development of corporate audit work, making it easier to find problems, track problems, solve problems, and optimize systems, greatly improving the level of intelligent management of the production and manufacturing process.

Further reading:

Based on the domestic business environment and the reality of Internet supervision, IM Chain mainly uses the distributed, open and tamper-proof characteristics of blockchain to create a universal underlying platform for the intelligent manufacturing industry and build an open ecological environment. We use the manufacturing capabilities of smart devices as a proof of equity. For this purpose, we use an improved PoS algorithm – CPoS (Capability Proof of Stake) as the consensus algorithm of the platform.

    The CPoS algorithm of Zhizao Chain is described as follows:

l The founding node creates the initial block;

l When new nodes join, the nodes that meet the set conditions will be automatically added to the smart manufacturing chain through smart contracts. The constraints of the smart contract will be decided by voting by the members of the smart manufacturing chain alliance;

l Each node can be connected to multiple smart devices, and the manufacturing capability index (MCI) can be obtained by real-time monitoring of the production and order information of smart devices;

l Every time a block is to be produced, all nodes in the network vote to elect n super nodes (the node with a larger MCI has a higher chance of being selected), shuffle the order, and generate an operation list;

In order to ensure the validity of the main chain, each time an operation list is generated, we ask these n super nodes to sign the list with their own signature private keys;

l Each super node verifies the list through the signature public key when writing, so as to ensure the validity of the current writing and avoid forks; if a super node does not produce a block this time, the block will be skipped and the next node in the operation list will produce a block. The node will be removed from the operation list and cannot participate in the election again during the cooling-off period;

This signed operation list is published online, and anyone can verify the validity and legitimacy of this list through the signature public key of the super node, thus ensuring the legitimacy and consistency of the main chain;

l Each block generation or packaged transaction will consume a certain amount of tokens, and the participating super nodes will receive these tokens;

l In order to ensure that late-joining nodes and nodes with smaller MCI have a fair chance to participate in the block election, the MCI will be deducted from the income obtained each time the node produces a block until a cooling-off period is reached or it is reduced to 0, at which point the node can be regarded as a newly joined node.

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