Token: Silk

The First Blockchain Based Platform in Global

PreICO dates
Start date: 2018-07-20
End date: 2018-08-06

ICO dates
Start date: 2018-08-07
End date: 2018-10-30

Registrated in: Singapore

Platform: Ethereum
Type: ERC20


SilkChain categories
Internet Smart Contract
SilkChain whitepaper
SilkChain token sale
KYC passing required No | Whitelist Yes | Restriction for countries No
Tokens for sale 2,500,000,000
Token distribution in ICO
Price 1SILK=0.02USD
Acceppting BTC,ETH,USDT
SilkChain news, social
SilkChain search trends in Google
Random whitepaper excerpts

1. Abstract
1.1 Blockchain brings great evolution to industries
1.2 Born of SilkChain
2. Design Principles of SilkChain
2.1 The history of blockchain
2.2 The current status and problems of blockchain
2.3 SilkChain 1.0 - the new generation of smart contract platform
2.4 SilkChain 2.0 composite blockchain and BaaS - the future of blockchain
2.5 Silkchain deployments in global trade industry
3. Ecosystem of global trade blockchain
3.1 Roles in SilkChain
3.2 Silk Tokens
3.3 SDAR10 protocol
3.4 Value of Silk Token
4. SilkChain Facilitated Scenarios
4.1 Introduction of SilkChain free-trade zone ecosystem
4.2 SilkChain DApps Matrix
4.3 Dapps deployment strategy
4.4 SilkCredit
4.5 SilkFinance
4.6 SilkContract

4.8 SilkB2B

global trading platform
4.9 SilkExchange
5. SilkChain middleware stack
5.1 Cross-chain middle tier
5.1.1 Cross-chain API - TurboSDK
5.1.2 DATP cross-chain digital assets transfer protocol
5.2 off-chain Inter-collaborative mechanism
5.2.1 CryptoApps
5.2.2 Privacy Protection and Zero-Knowledge Proof
5.3 WYSIWYG BPMN editor for smart contract
6. The Team
6.1 Commission / Foundation Members
6.2 Advisors
6.3 Developer Team
6.4 Foundation Director Organizations
6.5 Foundation Member Organizations
7. RoadMap
8. Token Issuance and Circulation Scheme
8.1 Token Issuance
8.2 Token Distribution
8.3 Usage of raised fund
9. References

1. Abstract
1.1 Blockchain brings great evolution to industries
The Internet technology has reduced the asymmetry of information and the
mobile Internet has solved the problem of the prompt peer to peer
communication. The blockchain technology brings the opportunity to reshape
the value system and trust system of the entire world, which makes it possible
to build a new ecosystem based on value sharing, consensus of rules and
autonomous management.
One major value of the blockchain is the code implementation of DAO
(decentralized autonomous organization) concept. The significance of DAO is
to define a series of rules and consensus among organizations in the business
world through code, so that users and organizations in the industry can
eliminate the trust barriers, reduce friction and improve operation efficiency
within a shared and autonomous environment.
Another great value of blockchain is the token mechanism. It has three
features: security feature, utility feature and curr...

1.2 Born of SilkChain
Based on years of cooperation and practice in the international trade industry,
a number of international business leaders, led by DinoRiver group (Singapore),
have jointly established the ITDC (International trade digitalization
Commission), an organization dedicated to the creation of a decentralized
global digitalized free-trade zone.
Using blockchain technology, ITDC will design and implement DAO platform
((new generation of smart contract platform) among organizations in various
global industries, and will make deployment firstly in global trade industry.
Based on decentralization, openness and win-win principles, the smart
platform will attract global service providers, communities, volunteers, entities
and companies to create applications that operate with localized services; drive
businesses across the globe to build a harmonized credit system; and provide
support for information storage, payment and settlement, supply chain
transparency, quality tracing ...

2. Design Principles of SilkChain
2.1 The history of blockchain
Satoshi Nakamoto first introduced the idea of Bitcoin in 2008, the beginning
year of blockchain. The bitcoin network is so called blockchain 1.0.
In 2013 Daniel Larimer introduced the concept of Decentralized Organized
Comany, which was named DAO (Decentralized Anatomy Organization)
afterwards. This concept could be implemented in a way without human
management and interference, in case of that the corresponding smart
contract can be written and be processed in a Turin complete platform,
declared by Vitalik Buterin who then released Ethereum in 2015 to prove his
declaration. As a Turin complete smart contract platform, Ethererum is a sign
of blockchain 2.0.
About the future of blockchain, there has not an unanimous conclusion to be
drawn. Someone thought blockchain was still a toy for geeks. Some other one
thought it would be fairly long time for massive deployment in business areas.
Before drawing a conclusion, it...

Poor performance compared to centralized Internet services
The reason of poor performance could be addressed, from either the aspect of
horizontal and vertical. Take Ethereum for a case, we could slice it into four
tiers, from horizontal aspect.
Data tier

Distributed storage

Distributed Ledger
Network tier

Peer to peer network

Message system
Consensus tier

Consensus algorithm
Compute tier

The virtual machines and runtime of smart contract

The validation, ordering and committing of transactions
Technologies regarding data and network tier are mature enough, thus there
are limit room for optimizations in these two tiers, which are also not the main
cause of performance hit in blockchain.
The problem in consensus tier is that every full node need to participate in
consensue process. Performance of the whole blockchain is constrained by the
slowest node...

From the vertical aspect, most blockchains do not make seperation of various
applications. For example, CryptoKitties app once caused huge congestion on
Ethereum, delayed transactions of other apps for almost 24 hours.
During the practice of mass concurrency system design in internet services, the
isolation of business modules should be considered before vertical shardings.
Making this practice in blockchain design, there should be isolations of
different apps and then make optimizations for complex apps. In addition,
operation of an isolated business should not interfere with each other or be as
little as possible, to ensure that performance hit in certain business will not
affect the operation of other business.

Blockchain is not technical friendly to complex business
The smart contract can be written in various ways, lacking proper specifications
and conventions. The Oracle, an interoperation mechanism between smart
contract and internet services, is also not sophisticated des...

As shown in the figure above, such features are as follows:

Replace the relatively clunky EVM with container technology, and
introduce the SVM(SilkVM).

Adopt LLVM and WebAssembly runtime to support faster execution and
validating of smart contract with support to program smart contranct in
languages like Go, Node.js, and Wren etc. After optimization, it's expected
to reach 10-100x performance compared to Ethereum's solidity runtime.

Use improved speculative byzantine algorithm Zyzzyva (SBFT) as main
consensus system, to balance democracy, function and energy
consumption in decentralization.

As the multi-tenancy concept of Internet cloud platform, SilkChain
introduce channel mechanism, which enable different
members/organizations to come to consensus of transactions in their
private virtual network. The consensus will be done by nodes within the
channel scope, without the need for all nodes in the whole blockchain
network to partic...

SilkChain Roadmap

Q1 2018
Silkchain whitepaper issued for Ethereums ERC-20 protocol based token offering.
Q3 2018
Silk TestNet comes online. Set up first trade contract on the Silkchain in the Middle East, Southeast Asia, and Central Europe region, and start cooperation with third-party service providers on credit info gathering.
Q4 2018
Silk MainNet comes online. SilkChain sets up in Bahrain and Saudi Arabia.
Q1 2019
Official Native client, web client, and BlockBrowser comes online. Silkchain continues to expand in South East Asia,Indonedia and Thailand, In North America, Other regions.
Q2 2019
Establish cooperation with Bahrain Bank on credit system and start servicing direct trade. SilkChian to set up global digital credit blockchain service alliance. Promote business cooperation with more international chambers of commerce. SilkChain2.0 released.
Rosbit Xu
Rosbit Xu Principle Architect

Eric Zhong
Eric Zhong Senior Architect

Wesley Wu
Wesley Wu Chief Architect

Khaled Mousa
Khaled Mousa Team Leader

Danny Chan
Danny Chan Member

Kevin Fenn
Kevin Fenn Vice chairman

Jiatao Chen
Jiatao Chen Member

Francis Liu
Francis Liu Vice chairman

Simon Ngan
Simon Ngan Vice chairman

Lucien Wang
Lucien Wang Product Specialist

Ziling Deng
Ziling Deng Chief Product Manager

Jerzy Rzymanek
Advisors Jerzy Rzymanek Advisor

Roger Szlatiner
Advisors Roger Szlatiner Advisor