ORS points are general points issued by the Origin Foundation. The Origin Foundation is committed to combining trusted zone cross-chain technology, Internet of Things technology and various industrial scenarios to create professional consulting and applications across industries, industries, and companies. Development and implementation of full-process services, involving areas including medical care, pharmaceuticals, alcohol, agriculture and animal husbandry, sports events, etc. Utilize distributed ledger technology to upload key technologies of enterprises to the chain, through the access of each node, continuously and effectively disclose the underlying real data, form reliable enterprise digital assets, and provide a strong guarantee for the future supply chain financial financing of enterprises.

Project development and value

The core of the blockchain is a trust mechanism. Generally speaking, a company and a country itself do not need to be used as the subject of credit endorsement, but there are various industrial chains between companies and countries, and blockchain can play a huge role in it. great effect. In particular, credit is the foundation of the game guessing industry, and encrypted digital currency is not only the creation of tokens, but also the effective transmission of credit and proof of asset ownership. Therefore, we believe that the combination of blockchain technology and game guessing scenarios may become One of the best application scenarios of the blockchain, the technology of the blockchain can effectively solve the pain points of the existing quiz industry and promote innovation, so as to better serve the majority of quiz users.

Under the empowerment of blockchain technology, Origin Sport can subvert the traditional centralized quiz platform based on the one-way third-party platform reputation trust relationship. In the past, the third-party guessing platform used the reputation endorsement created by its long-term operating history as the hub of the traditional game guessing trust chain to connect a large number of users and provide its services, but this one-way trust-based mechanism is fragile. And high risk. In contrast, the trust chain of the blockchain event quiz built on the Origin Sport platform is based on blockchain technology as a credit endorsement. The reserve funds and prize pools locked by smart contracts establish the trust relationship in the event guessing industry on the basis of technology and consensus algorithms, rather than unsecured conditions such as reputation and reputation.

Compared to the traditional game guessing platform, Origin Sport utilizes blockchain technology that cannot be tampered with and can be traced to establish a reliable and transparent decentralized game guessing platform, not only making the prize pool and guessing rules transparent and standardization, and make the odds uncontrollable, effectively preventing bookmakers from controlling the market and black-box operations. At the same time, the pre-set smart contract before the quiz starts can automatically execute the settlement of the quiz results, ensuring that the results and reward distribution are fair and just, and cannot be tampered with. At the same time, Origin Sport can help regulators provide great help in money laundering fraud and control of user betting limits by combining with the real-name system. While strengthening healthy event betting behavior, it not only solves the situation that the opaque and large-value transactions of event betting have been unable to be supervised at the government level, but also further encourages the government to standardize the event betting industry and the promotion of transparency.

In addition, Origin Sport will not empower the platform itself to become a bookmaker, so it will not be controlled by any direct stakeholder groups. As a decentralized event guessing platform, Origin Sport intends to build a fair bookmaker platform, where anyone can feel the fun of being a bookmaker, determine custom game rules through smart contracts and deposit Lock into the contract to ensure the repayment ability of each banker. Such a mechanism not only makes it possible for individual users who have no historical credit records and endorsement of huge funds to become bookmakers, but also stimulates the richness of quiz content and the activity of the market.

Application scenario

1. Blockchain traceability
Covers the entire life cycle of production, source, composition, logistics, and purchase information on the chain, collects underlying precipitation data, and can assist in product recovery and so on.
Specific cases: drug traceability, food traceability, production traceability, overseas purchase traceability.
2. Supply chain
Covers asset split transfer, seamless transfer of corporate credit, supply chain data visualization, etc.
Specific cases: business authenticity verification of environmental protection enterprises, data monitoring of factoring banks, supply chain finance implementation plan.
3. Blockchain business collaboration
Committed to improving data security, ensuring collaboration efficiency, and ensuring that data security cannot be tampered with.
Specific cases: traditional Chinese medicine standardization system (multi-party monitoring by enterprises and governments), supply chain financial monitoring system (multi-party monitoring and maintenance by enterprises, factoring banks, and banks).
4. Block chain anti-counterfeit verification
Committed to raising the counterfeit threshold of consumer products and ensuring that anti-counterfeiting information is not leaked.
Specific cases: anti-counterfeiting of medical devices, anti-counterfeiting of wine industry, cross-border e-commerce.
5. Digital asset protection
Covers the digital circulation of assets, reduces circulation costs, breaks through cross-industry collaboration barriers, and ensures transaction security.
Specific cases: commercial points (digital points for purchase), electronic consumer coupons.

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.