{"id":20577,"date":"2018-06-01T15:00:59","date_gmt":"2018-06-01T09:30:59","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=20577"},"modified":"2024-01-09T18:01:41","modified_gmt":"2024-01-09T12:31:41","slug":"achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain\/","title":{"rendered":"Achain Partner and CPO Eric Wang &#8211; Making sharing economy efficient with Blockchain"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">On May 28th in Berlin, \u201cBlockshow Europe\u201d, one of the world\u2019s biggest blockchain events opened with its CEO introducing the event and featured speakers. Eric Wang, <a href=\"https:\/\/hive.am\/pxKDP\">Achain<\/a> Partner and CPO were promptly introduced and delivered a keynote speech on Achain&#8217;s strategy to provide a cross-blockchain solution that encourages shared economies.<\/span><br \/>\n<span style=\"font-weight: 400;\">The blockchain event drew more than three thousand attendees, including blockchain experts, industry leaders, and visionary entrepreneurs.<\/span><br \/>\n<span style=\"font-weight: 400;\">Eric Wang explained that the emergence of shared economies is a result of limited time and resources. \u00a0The spirit of sharing brings out the best of humanity. We\u2019ve seen the success of tech giants\u2019 business models like Airbnb and Uber, however, we can evaluate the nature of these business models and ask the question, are these big businesses &#8216;sharing&#8217; or do they just provide rental services? \u00a0Their corporate model provides an intermediary of trust virtually with no human involvement.<\/span><br \/>\n<img decoding=\"async\" class=\"aligncenter size-full wp-image-20580\" src=\"http:\/\/35.153.200.241\/wp-content\/uploads\/2018\/06\/Achain.jpg\" alt=\"\" width=\"547\" height=\"364\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2018\/06\/Achain.jpg 547w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2018\/06\/Achain-300x200.jpg 300w\" sizes=\"(max-width: 547px) 100vw, 547px\" \/><br \/>\n<span style=\"font-weight: 400;\">With decentralized network solutions such as blockchain, shared economies can be free of the intermediaries. The distributed ledger on the network acts as a reliable trust agent which is coupled with cryptography and consensus agreement. This is how collaborative networks secure decentralized P2P transactions.<\/span><br \/>\nEric Wang says:<\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cCurrent centralized networks such as PayPal can execute transactions at the speed of hundreds if not thousands per second. This leaves two pressing blockchain issues which must be solved: Performance and Data Exchange. \u00a0Achain offers a solution to the first issue by offering up to 1000 TPS. Achain is solving the second issue by developing a Value Exchange Protocol, VEP, to facilitate cross-chain communication and data exchange.\u201d <\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/hive.am\/pxKDP\">Achain<\/a> is currently developing, Cosmos, their third stage of development which includes Blockchain as a Service [BaaS] and Value Exchange Protocol [VEP]. The BaaS feature has deployed offering a solution for both developers and non-developers. \u00a0<\/span><br \/>\n<span style=\"font-weight: 400;\">Achain helps build decentralized applications [DApps] and provide network resources for the DApp to run on. The VEP feature will act as a bridge between different blockchains internal and external to Achain\u2019s ecosystem. This solution will allow other blockchain companies to overcome the cross-chain data exchange barriers. <\/span><br \/>\n<span style=\"font-weight: 400;\"><a href=\"https:\/\/hive.am\/pxKDP\">Achain<\/a> has a grand vision where the blockchain world will be interconnected through VEP. Achain will bring the world closer to the boundless reality by empowering every blockchain to interconnect their ecosystem. <\/span><br \/>\n<b>About Achain<\/b><br \/>\n<span style=\"font-weight: 400;\"><a href=\"https:\/\/hive.am\/pxKDP\">Achain<\/a> was started in 2015 by Tony Cui. Achain is a public blockchain platform featuring 1000 TPS and a proprietary RDPOS consensus mechanism. Many contemporary blockchains struggle with scalability issues, but Achain solves these issues with proprietary initiatives which include: \u00a0forking architecture, smart sandbox, virtual machine strategies and low transaction costs. <\/span><br \/>\n<span style=\"font-weight: 400;\">Achain blockchain has won several industry awards and won the Innovative Application Competition in 2016 and the China Blockchain Development Competition in 2017.<\/span><br \/>\nTo know more about Achain, <a href=\"https:\/\/hive.am\/pxKDP\">click here<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 28th in Berlin, \u201cBlockshow Europe\u201d, one of the world\u2019s biggest blockchain events opened with its CEO introducing the event and featured speakers. Eric Wang, Achain Partner and CPO were promptly introduced and delivered a keynote speech on Achain&#8217;s strategy to provide a cross-blockchain solution that encourages shared economies. The blockchain event drew more<a href=\"https:\/\/ambcrypto.com\/achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain\/\">Continue reading <span class=\"sr-only\">&#8220;Achain Partner and CPO Eric Wang &#8211; Making sharing economy efficient with Blockchain&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":20584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-20577","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Achain Partner and CPO Eric Wang - Making sharing economy efficient with Blockchain - AMBCrypto<\/title>\n<meta name=\"description\" content=\"On May 28th in Berlin, \u201cBlockshow Europe\u201d, one of the world\u2019s biggest blockchain events opened with its CEO introducing the event and featured speakers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Achain Partner and CPO Eric Wang - Making sharing economy efficient with Blockchain - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"On May 28th in Berlin, \u201cBlockshow Europe\u201d, one of the world\u2019s biggest blockchain events opened with its CEO introducing the event and featured speakers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-01T09:30:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-09T12:31:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2018\/06\/Achain-e1527844653209.png\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"514\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Biraaj T\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/Biraajmaan_AMB\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Biraaj T\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/achain-partner-cpo-eric-wang-making-sharing-economy-efficient-blockchain\\\/\"},\"author\":{\"name\":\"Biraaj T\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/2cd41658c41d9f8c28d0e112b8fde581\"},\"headline\":\"Achain Partner and CPO Eric Wang &#8211; 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