How MTC integrates blockchain into traffic application

Nowadays, blockchain technology is becoming a new outlet for various industries to break through and rebuild, and the financial industry is keenly aware of its value as the underlying architecture. From the published research and development results, there have been some significant progress in the core basic technology fields of blockchain, such as “consensus algorithm”, “encryption algorithm”, “smart contract situation test”, etc. The completely “decentralized” feature of blockchain is not applicable in the financial field, but distributed and multi-centralized model is expected to become a realistic choice. Blockchain, known as disruptive technology, will become the key infrastructure of Internet Finance and even the whole financial industry. At present, domestic and foreign capitals and institutions are speeding up the layout of blockchain technology. Experts said that the rapid development of blockchain technology is becoming an investment outlet. This year, the financing amount of blockchain entrepreneurship projects has exceeded 1.4 billion US dollars. For blockchain technology, the Chinese government and enterprises show strong interest and support of blockchain technology development. Recently, Nanjing government launched a 10 billion CNY blockchain investment fund to promote China’s token economy and public blockchain projects. It is reported that the National Bureau of statistics, the Ministry of science and technology and the Ministry of information and communications of the Republic of Korea have been working on the final draft of the new blockchain industry classification plan since April 2020, and it is expected to be implemented by the end of July. The plan will serve as the basis for the development of blockchain policies, especially in the fields of “blockchain promotion and regulatory framework”, blockchain system construction, DAPP development and cryptocurrency transactions. Dubai established the global blockchain Committee in 2016, and currently has more than 30 members, including government entities, international companies and blockchain start-ups. It plans to fully launch blockchain applications by 2020, making it the first country in the world to fully apply blockchain. On May 30, 2016, the global blockchain Committee held a 2016 industry theme meeting and announced seven new blockchain concept verifications, including: medical records, protection of jewelry transactions, ownership transfer, business registration, digital wills, tourism management, and freight improvement. It can be said that Dubai is currently a blockchain center in the Middle East. Britain can be said to be one of the most tolerant countries for blockchain technology and digital currency. It has always adopted the attitude of “supervision without supervision”, and has also provided very preferential policies for global blockchain start-ups.

For the future of blockchain, traffic and scene landing applications are the same. At the time of blockchain conflagration, more and more people have followed the mainstream, and are becoming more and more stable on the road of blockchain. All kinds of projects and applications based on blockchain technology are springing up in succession. Leaders from all walks of life are also actively participating in various blockchain projects and making contributions to the development of blockchain.

MTC intelligent traffic chain 2.0 Metcalfe chain (MTC) is a new generation of intelligent traffic application aggregation public chain, which is committed to breaking the core pain points of blockchain large-scale traffic application. In April 2019, with the first release of design version 1.0 of MTC intelligent traffic chain, we took an important step towards the goal of building large-scale traffic commercial blockchain. In MTC intelligent traffic chain 1.0, the core part includes: the distributed intelligent traffic pool framework MTC engine and Metcalfe token model, compatible with IPFs and cloud computing architecture, using cross chain parallel chain paradigm management. After more than a year of iterative upgrading, MTC intelligent traffic chain was upgraded to z.0 in July of 2020. Compared with the first version, version 2.0 introduces a number of major improvement frameworks, including: (1) it pioneers the M & a intelligent governance architecture MER, which supports the traditional traffic integration system to drain into MTC. ② Improved video traffic distribution sink to node mechanism to accelerate the application of large video traffic. ③ The first ecological application verifies the Metcalfe token model, which is based on the MBFT consensus of traffic management.

As a focus of the MTC eco-layout, we launched a blue ocean commercial program which is coded as M+. M+ blue ocean commercial program planned to use the support of manpower, technology and token pattern, fully utilize MTC’s advantages of “integrated traffic management”, “compatible of centralized and decentralized traffic paradigm”, promoting and nurturing intellectual chain application in high volume traffic application ecosystem, including live video, large-scale games, large-scale Ads, automatic driving (5G), IOT, CDN accelerator and so on. Currently, we have fully cooperated with ShowLike+ community to help it quickly integrate into MTC intelligent traffic ecosystem.

Metcalfe Chain(MTC) is a new generation of intelligent traffic application aggregation public chain.