ABC.Chain is a global green rare species traceability, inspection, and sharing ecosystem, developed using blockchain technology, smart contracts, DAI, intelligent devices, and other technologies. It aims to provide consumers with a means to quickly verify the authenticity, quality, and origin of green rare species, protecting the rights of all industry participants from consumers to producers and distributors, promoting the healthy development of the green rare species industry. Based on the distributed ledger system of blockchain, decentralized trust mechanism, smart contracts, consensus mechanism, ABC chain builds a decentralized "traceability system blockchain digital asset" trading center. Creating a more efficient, transparent, credible, and self-maintaining ecosystem, it becomes a commercial blockchain applied to global green rare species traceability (mainly in the green rare species industry, which includes agarwood, rosewood, sandalwood, ginseng, etc.). The ABC token can be used for community development, operation, and incentivizing participants.

Project Introduction

ABC chain, built on blockchain technology, is a trustworthy, shared public chain for distributed global green rare species traceability and inspection. Through smart contracts, it protects the interests of consumers, distributors, inspectors, and experts; through intelligent device inspection and DAI technology, it empowers consumers to quickly verify the authenticity, quality, and origin of green rare species; through incentive mechanisms and blockchains shared characteristics, it attracts multiple parties to participate in ecosystem construction; through blockchain evidence and distributed storage, it ensures the traceability of transaction information; through the development of various DAPPs and intelligent devices, it realizes multiple distributed applications in the field of global green rare species traceability inspection technology. On the ABC chain public chain system, applications such as intelligent device testing and incentives for green rare species products, distributed value transfer and protection of green rare species inspection data, distributed green rare species inspection network, distributed ecosystem maintenance and governance, and distributed e-commerce networks have been realized.

Vision

Based on the distributed ledger system of blockchain, decentralized trust mechanism, smart contracts, consensus mechanism, ABC chain builds a decentralized "traceability system blockchain digital asset" agarwood trading center. Creating a more efficient, transparent, credible, and self-maintaining ecosystem, it becomes a commercial blockchain applied to global agarwood traceability. The ABC chain traceability service system uses blockchains distributed accounting technology to provide a secure, tamper-proof ledger, solving offline problems with high anti-counterfeiting technology. Writing the traceability information of goods into the blockchain and digitizing physical goods, issuing digital assets. During circulation, real-time information is recorded layer by layer, truly achieving full monitoring of information. This transparent process also improves the trust system of the agarwood product supply chain. We hope that through the combination of blockchain traceability technology and modern management methods, the spirit and essence of this traditional industry can be better carried forward. Utilizing blockchain technology, "ABC chain" constructs a complete ecological closed loop of the agarwood industry chain that encompasses planting, processing, trading, logistics, channels, training, products, services, operations, sales, and other links, meeting consumer needs for agarwood product traceability and authenticity.

ABC chain aligns with the decentralized distributed system architecture of blockchain, allowing for more stable and secure storage of transaction data, and higher popularization of anti-counterfeiting technology. Moreover, blockchains strong tamper-resistance ensures the accuracy of verifying authenticity, and the need for traceable anti-counterfeiting can be achieved through permanent storage of blockchain information.

ABC chain utilizes the decentralized, trustless, collective maintenance, and reliable database features of blockchain technology to achieve business and data sharing under conditions of information security and confidentiality, avoiding severe economic losses caused by lack of data sharing and mutual distrust. Fundamentally solving the trust issues in the agarwood industry, it can be said that blockchain is a technical solution characterized by four major features: unforgeability, decentralization, distributed ledger, and smart contracts, collectively maintaining a reliable database.

Application Scenarios

On the basis of ABC chain, various DAPP applications, intelligent device inspection applications, rewards, distributed data value transmission and protection, distributed green rare species inspection networks, distributed ecosystem maintenance and governance, and distributed e-commerce applications will be developed.

Intelligent Device Inspection and Rewards
The blockchain ledger itself is immutable, with all parties on the chain participating in the maintenance of ledger information. Intelligent devices based on blockchain ensure real-time, sequential, and non-fraudulent data uploads. At the same time, data collected by intelligent devices belongs to users who can share and sell personal data to receive rewards. Through massive shared data, each piece of green rare species data is shared and reached consensus among various distributors, retailers, e-commerce, consumers, and government regulatory agencies.
Participants in the ABC Chain ecosystem, including agarwood inspection experts, regulatory authorities, agarwood suppliers, merchants, inspectors, and consumers, can share anonymized data and receive rewards. Participants use smart hardware like super probes to share consumption information, agarwood inspection information, location information, and other anonymized information under privacy protection through smart contracts to receive rewards.

Distributed Data Value Protection and Transmission
ABC Chain, based on blockchain technology, will protect the related data of individuals and institutions, and for value transmission, there will be paid use of data models and buying and selling of inspection data.

Distributed Green Rare Species Inspection Network
Based on the shared, open, and distributed consensus of blockchain, a multi-party participation distributed green rare species inspection network is realized. Participating in green rare species inspections are not just centralized inspection agencies, but millions of owners of smart probes and other intelligent devices.

Distributed Ecosystem Maintenance Governance
To maintain the distributed green rare species quality inspection ecosystem, ABC chain has matching mechanisms for transactions, payment mechanisms, evaluation feedback mechanisms, and is governed by voting based on super nodes, involving the public to jointly maintain the ecology of the green rare species industry.

Distributed E-Commerce Network
ABC chain, based on big data obtained from the probe system, blockchain technology, AI, establishes a distributed e-commerce DAPP, ensuring the quality and verifiability of distributed e-commerce. To enter the e-commerce DAPP, other nodes must vote based on blockchain data to ensure fairness and impartiality when entering the platform, collectively building a distributed high-quality sales ecosystem.