Oasis chain acts as a hub that connects each domain chain with the buyer. “Data buyers can search and pay for the data through oasis chain and based on the trading history, domain chain delivers the purchased data directly to buyers,” explains Chun. In addition to OASISBloc, DoubleChain also has an ongoing project—SmartMedi. An open network system for precision medicine, SmartMedi connects players of the medical industry worldwide—pharmaceutical and insurance companies along with patients and hospitals.
The company’s prowess in the blockchain technology space has earned it three patents till date: a blockchain-based IoT security authentication; a block window module including consensus algorithm for mining restriction and cryptocurrency transaction system; and a quantum random number based blockchain core server and security method. “We also have five patents under process and are planning to register many more,” reveals Chun. Driven by core values that include innovation, trust, commitment, and optimism, the company strives for excellence in persistently creating better ways of doing things using blockchain. In an instance, DoubleChain collaborated with few of its partners to form the core technology/ application development of Hdac—the world’s first IoT contract platform based on blockchain. “By combining blockchain and IoT, Hdac will provide the missing building blocks needed to enable IoT environments to realize mapping and machine to machine transaction,” mentions Chun. It will enable automated, machine-to-machine, ultra-low-cost transactions between IoT devices that are authenticated, mapped, and verified through blockchain. The Hdac system’s architecture uses a combination of public and private blockchains, which allow for previously unattainable transaction speeds. The technology also uses quantum random number generation to secure the transactions.
Led by a team of highly experienced people that have over 15 years of industry experience, the company has carved a niche for itself in the blockchain landscape. In the days to come, DoubleChain is planning to integrate AI and big data analytics capabilities with its blockchain-based platform in order to enhance competitiveness. “AI will be integrated with blockchain in the future and we want to be the pioneer that develops a mutual relationship between AI and blockchain,” wraps up Chun. The company also intends to expand its geographical footprint across Singapore, Japan, and the U.S.