ZhongAn Technology releases Anchain Cloud white paper, highlighting cross-chain mechanism and creating enterprise-level applications

On January 5, 2017, ZhongAn Technology released the "Anchain Cloud-Chain Network White Paper", which introduced the Anchain Cloud Network (full text download of the white paper: http://8btc.com/doc-view-1127.html ). The Anchain Cloud Network is a blockchain cloud network composed of AnnRouter, Anchain and other blockchain systems, with the goal of achieving interconnection, interoperability and mutual trust among blockchain networks.

Officially introduced, Ann-Router provides the functions of interconnection and distribution between blockchains. Ann-Router has formulated a communication protocol between blockchains, so that different blockchains can communicate with each other like various devices in the network. In the Ann-Router network, some blockchains can play a role similar to routers, parsing and forwarding communication requests according to the communication protocol, and dynamically maintaining the network topology of a blockchain system.

Anchain is an enterprise-level blockchain product designed to support commercial blockchain systems in terms of regulation, privacy, and complex businesses.

ZhongAn Technology CTO Li Xuefeng said through ZhongAn Technology’s official account:

Today, we decided to release the "Anlink Cloud-Chain Network White Paper". The chain network of Anlink Cloud is supported by two parts: Ann Chain and Ann Router. Usually in the computer industry, names are relatively boring. Hadoop is the elephant that the engineer's son played with, so I picked up a name and used it. I still hope to have a more meaningful and interesting name, so I named it Ann because it is simple and can be expressed with one sound, so I'd rather keep it simple.

We hope that the birth of Ann can provide a new engine for everyone's cloud computing, and we hope that more people can benefit from it, because this is the way to win in the future.

ZhongAn Technology is a subsidiary of ZhongAn Insurance and was officially established in November 2016. According to reports, ZhongAn Technology will export a blockchain cloud platform based on the two major propositions of finance and health, with trust, connection and acceleration as the three major missions, and insist on long-term exploration in the four fields of artificial intelligence, blockchain, cloud computing and big data. Within ZhongAn Technology, this is also known as the "1234" plan.

Since its establishment, ZhongAn Technology has jointly initiated the establishment of the Shanghai Blockchain Enterprise Development Promotion Alliance with more than 20 business partners, and jointly established the "Blockchain and Information Security Joint Laboratory" with the School of Computer Science of Fudan University to jointly conduct underlying theoretical research on blockchain-related technologies.

Focus on realizing cross-chain technology and creating enterprise-level blockchain products

The Anchain Cloud white paper focuses on describing the cross-chain mechanism of blockchain. At the same time, it also gives a detailed introduction to the enterprise-level blockchain product Anchain. The white paper points out: "At the current stage, the network properties of blockchain are only used to a similar degree to local area networks. Different chains cannot be connected and there is no trust. In addition, for a blockchain, we are also plagued by its insufficient capabilities. The global consensus mechanism, while providing security, also greatly limits the development of the blockchain system. We cannot increase the transaction processing capacity by adding nodes. If blockchain wants to embrace a brighter future, the above problems must be solved.

In the commercial application scenario, enterprise-level blockchain products are very different from public chains such as Bitcoin and Ethereum in terms of both technical features and service population. The primary requirement for enterprise-level blockchain products is to meet regulatory and privacy protection requirements. In addition, supporting high throughput, supporting data sharing, and preventing the "Byzantine Generals Problem" are also necessary qualities for providing high-quality services. Anchain's design goal is to meet various requirements for commercial applications, including: establishing a practical regulatory audit mechanism; protecting transaction privacy; being stable, efficient, and reliable; and building a platform for data sharing. "

We have reason to believe that cross-chain technology is one of the trends in the development of blockchain technology in 2017. In the stage when various blockchains are emerging, cross-chain technology can connect and expand different blockchains, which will bring about a qualitative improvement in the commercial value of the entire blockchain system.

Attachment: Download the full text of the white paper: http://8btc.com/doc-view-1127.html