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Follow on Google News | InBlock Metacoin Overcomes Blockchain Trilemma Through Collaboration with IBMINBLOCK's security technology based on collaboration with IBM
By: InBlock Founded in 2018, InBlock developed METACOIN, an independent blockchain business platform based on open source Hyperledger Fabric. The METACOIN network is a blockchain platform that uses Hyperledger Fabric as a chaincode engine, and provides a mainnet built with its own technology to create an ecosystem that can be utilized in various industries. This contains InBlock's vision of implementing a new platform by applying blockchain to industries that require transparency and reliability, such as local currency, mileage, agricultural and marine product distribution, and donations. METACOIN's greatest strength is its overwhelming security through technical collaboration with IBM. As IBM's blockchain technology partner, InBlock has launched DokkaebiONE, a digital asset management solution, and has demonstrated differentiated technological competitiveness. In particular, the Metacoin network has secured mainframe-level hardware stability and security by installing a cold wallet for node operation and digital asset storage on IBM's high-performance server LinuxONE. DokkaebiONE, which operates in the HPVS environment of IBM LinuxONE, has an innovative security system that prevents not only external hacking but also information leakage by insiders. The Metacoin platform is expanding the use of blockchain in various industries. Several blocks have already been created and node operation is in progress on the Metacoin network, and an environment has been created in which partners and cryptocurrency exchanges participate. In fact, the game project 'BitPet' created through Hyperledger has demonstrated the possibility of forming a Metacoin ecosystem and has secured many users in the Japanese market, proving the possibility of blockchain service and cryptocurrency trading. InBlock plans to create a new digital asset ecosystem such as NFT, STO, P2E, and RWA through the Metacoin project and lead the popularization of blockchain technology. An InBlock official emphasizes that the Metacoin platform is optimized for the operation of a private-based blockchain corporate ecosystem, and that it can contribute to the formation of a corporate-friendly digital asset ecosystem as it allows companies to participate in nodes and easily form consortiums according to their business goals. InBlock can implement an ecosystem comparable to Ethereum on Hyperledger through the already built mainnet, and supports the easy development of services needed in various industries such as games, finance, entertainment, and logistics according to requirements and the issuance and use of cryptocurrencies according to their purposes. End
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