Singapore-based startup CSE unveils the Smart Contract 2.0 solutions

Blockchain ensures transparency while Smart Contract allows for intelligent execution, which CSE has integrated into a virtual machine. Aside from finance, users may also instruct this virtual machine to “substitute” people in areas such as: cultivation of crops, logistics handling, timeline management, chain of custody, intelligent data management, or smart city management, etc. This is open source platform so users may integrate their solutions in two ways, by API or by embedding codes into any applications such as Web, App, software, as well as hardware, especially the IoT equipment, NFC, etc.

SINGAPORE, Nov. 26, 2018 /PRNewswire

Singapore-based startup CSE SG Pte Ltd unveils the Smart Contract 2.0 solutions which runs on their CSE 3.0 platform. 

At the recent Singapore Fintech Festival 2018, Mr Chen Guo-ping, CTO of CSE Singapore explains that while blockchain was initially focused on the financial sector, but other sectors such as: agriculture, logistics, education, supply-chain management, healthcare, and banking are now starting to apply blockchain technology to enhance their business processes.

Picture: CSE Smart Contract 2.0 (credit: CSE SG Pte Ltd)

CSE SG has developed a proprietary CSE 3.0 technology that creates an improved Blockchain platform with breakthrough features from the application of encryption technology, blockchain foundation, blockchain pool 3.0, smart contract 2.0, artificial intelligence, internet of things, supernode cloud, etc. CSE 3.0 can be applied to the creation of retail payment at very low cost, super fast speed and even with no internet connectivity; applications in traceability of products; encrypting and management of information in medical, financial and other industries.

Open source

Smart Contract 2.0 invites experts all over the world to contribute their expertise through the Platform. It is not a major problem even if you are not a technology specialist because CSE has created thousands of templates. This has empowered people from all walks of life, including: housewives, secondary school students, or even a technology moron to create their own smart contracts.

Eliminating the middlem​an

The Smart Contract 2.0 system has benefitted from the decentralized feature of Blockchain. Users can easily develop a suite of applications across various industries, without the need to spend 5 years learning about Blockchain, and peer-to-peer networks can self execute the contract, where contractual incentives or penalties can be enforced without third-party involvement. In short, Smart Contract 2.0 is as good as your reliable legal advisor who works tirelessly 24 hours everyday.

Flexibility

Not all contracts are 100% applicable. The Smart Contract 2.0 solutions adds the extra dimension of flexibility, allowing partial performance of a contract and receiving of the corresponding payment, where the unperformed portion will be automatically refunded.

Multi-sector applications

Blockchain ensures transparency while Smart Contract allows for intelligent execution, which CSE has integrated into a virtual machine. Aside from finance, users may also instruct this virtual machine to “substitute” people in areas such as: cultivation of crops, logistics handling, timeline management, chain of custody, intelligent data management, or smart city management, etc.

This is open source platform so users may integrate their solutions in two ways, by API or by embedding codes into any applications such as Web, App, software, as well as hardware, especially the IoT equipment, NFC, etc.

Source: CSE SG Pte Ltd

Read more

Comments

No comments to display.

Related posts

EU's Call for Proposals: RobotUnion acceleration program for European robotic startups and SMEs

The ideal project RobotUnion is looking for is disruptive and innovative, beyond the state of the art and with a degree of differentiation with its competitors. The ideal projects are also looking for additional investment for scaling their business globally.
Application Deadline in 2 months

Vietnamese Seafood export targets US$ 10 billion in turnover in 2019

The Vietnamese aquatic sector set a target of raising its export revenue to US$10 billion in 2019, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

Australia Emerges as a Leading Innovator for Agriculture 4.0

Investors and researchers are looking to Australia to develop the agricultural and food technologies of the future.

Dubai’s RTA starts using robots in cleaning metro stations

Dubai’s Roads and Transport Authority (RTA) has embarked on using robots in cleaning metro stations as part of efforts to introduce new techniques driven by artificial intelligence technology.

India approves Phase-II of Grid Connected Rooftop Solar Programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar Projects by the year 2022

The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi has given its approval for the Phase-II of Grid Connected Rooftop Solar Programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar (RTS) Projects by the year 2022. The programme will be implemented with total central financial support of Rs.11,814 crore (1,663 million USD)

EU's Call for Proposals: eIdentification & eSignature

The Core Service Platform of eID will continue to provide support to Member States at technical and operational level. Such assistance will comprise technical support and advice, including the maintenance of the reference implementation, as well as supporting a broader uptake of eID. In addition to the support provided in previous WPs, the assistance will be extended also to the operation of the eIDAS interoperability nodes after the entry into force of the eID mutual recognition in September 2018, as well as to addressing implementation questions derived from this mutual recognition (such as identity matching issues). The support to the onboarding of new domains will be continued, with a special focus on the re-use of eID in mobile environments.
Application Deadline in 3 months

EU's Call for Proposals: Automated Translation

In 2019, the main objectives are to support the collection of language tools and resources for specific domains and for under-resourced languages as well as to stimulate the integration and take-up of CEF AT services.
Application Deadline in 3 months

Call for Proposals: Promoting leadership and economic opportunities for women across the clean energy sector in Southern and East Africa

This call is focused on promoting leadership and economic opportunities for women across the clean energy sector. We are seeking applications that propose innovative approaches to gender inclusion while also supporting core business objectives and growth. Projects will be evaluated based on concept innovation, development impact, business model and financial sustainability. Applications from women entrepreneurs and women-led organisations are strongly encouraged.
Application Deadline in a month

Call for Nominations: 2019 BBVA Foundation Frontiers of Knowledge Awards

Nominations are open for 2019 BBVA Foundation Frontiers of Knowledge Awards that recognize fundamental contributions in a broad array of areas of scientific knowledge, technology, humanities and artistic creation.
Application Deadline in 4 months