Feb 22

Singapore Startup CSE SG Unveils The New Generation Smart Contract 2.0 – Featuring Multi-Contractual Conditions And Multi-Industry Applications

By CSE30 | New

Over the past 10 years, the blockchain technology featuring decentralization, immutability, security, and transparency has revolutionalized the digital age in the same scale as internet. The first generation blockchain under Bitcoin was created as a medium of payment transaction and digital store of value, while the second generation blockchain under Ethereum was developed as a platform that facilitates peer-to-peer smart contracts.

However, Bitcoin and Ethereum have inherent weaknesses that limit their ability for effective scaling up and meeting users’ needs due to factors such as: slow processing speed, energy costs, high transaction fees, etc.

What is Smart Contract?

The term “smart contract” was coined by a cryptologist computer scientist, Nick Szabo, who famously said in 1994 that “a smart contract is a computerized transaction protocol that (self) executes the terms of a contract. The general objectives are to satisfy common contractual conditions.”.

A smart contract is a computer software that contains rules, terms and regulations of a contract. The smart contract is self-executing, self-verifying and auto-enforcing against the agreed upon terms. It is immutable, decentralized, as well as cost saving because it eliminates the need for third parties or escrow agents.

In 2015, Ethereum introduced the Smart Contract 1.0, and has leveraged its strength in dealing with various types of financial contracts.

The New Generation Smart Contract 2.0

On 25th February 2019, Singapore-based startup CSE SG officially unveils the new generation Smart Contract 2.0 – featuring multi-contractual conditions and multi-industry applications running under the revolutionary, super-fast blockchain 3.0 technology.

Diagram 1: creation and consensus of a smart contract

The new generation Smart Contract 2.0 has been applied to the field of finance globally, enabling ICOs, STOs and payment transactions for e-commerce.

CSE SG has partnered with healthcare service providers in Thailand and Korea to apply Smart Contract 2.0 solutions to improve efficiency, traceability, transparency and security.

In the agriculture sector, Smart Contract 2.0 has also been successfully applied to various projects in Vietnam, Tanzania and Nigeria, that literally “brings food from farm to table” – thus eliminating the middlemen, and helping to ensure food security, proximity, self-reliance, and sustainability of food supply.
There is great potential for the new Smart Contract 2.0 platform as it only takes 15 to 30 minutes to create your own smart contract , which is directly connected to the CSE blockchain 3.0 technology through the API. You can create your crypto, access source, blockchain library, blockchain authentication for various industries such as healthcare, education, agriculture, retail, supply-chain management, energy, banking, etc.

 

Diagram 2: Smart contract flowchart for an agriculture application (example)

The floodgates of unparalleled innovation in business and everyday life applications have been opened with the launch of Smart Contract 2.0 by CSE SG.

About CSE SG

 

CSE SG is a company established in Singapore. Its 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 healthcare, agriculture, education, supply-chain management, banking, and other industries.

Source: CSE SG Pte Ltd

Dec 08

Signing Ceremony Of LabGenomics Program

By CSE30 | New

On 7/12/2018 at the International Conference Center in Hanoi, the signing ceremony was held: LNG0168 – LabGenomics. The event aims to announce the official role of LNG0168 in developing the market for LabGenomics worldwide and selecting Thailand and Vietnam as the starting point.


Attending the event included LNG Representative 0168 – LabGenomics; Representative of LabGenomics; Representatives from Thailand. Kampon and CSE SG – Application Developer Platform for Information Technology.

LabGenomics is Korea’s leading biotechnology company in the field of molecular diagnostics.

In the past few years, genetic engineering in particular and biotechnology in general have been widely applied in the field of health care, beginning to flourish. In the flow of industry 4.0, LabGenomics Biotech is one of the leading brands for next-generation Personal Genome Services, Genetic Screening Services for Genetic Diseases: Screening cancer; Screening for congenital genetic disorders in children; Prenatal screening; Infectious Diseases; Genetic screening for bodybuilding and diet. Managing personal health, effective for women. PCR kits for many different molecular diagnostics are one of the discoveries of LabGenomics.

This technology can detect pathogenic mutations that contribute to early screening for timely preventive measures. Obviously, the cost of using these technologies is much lower than the cost of treating the disease. This is also the reason that the use of biotechnology for early screening, to detect the modal mutation that is used in most developments.

The Kampon will be the partner in charge of bringing LabGenomics Biotech into the Thai market.

The 21st century is the time when biotechnology and information technology are widely used in the health sector. The perfect combination between biology – information – medicine always brings positive solutions, effective.
Currently Dr. Kampon Thailand has been present in 42 countries around the world. Taking 25% of the market share of the country will help. Kampon easily convinces and put LNG0168 – LabGenomics into the Thai market.
Meanwhile, Mr Leo Lu – CSE SG’s Application Development Partner, said that CSE SG will provide technology solutions for the health sector in general and for the LabGenomics project. in particular. The main technology solutions of CSE SG include the management, logistic, billing, security and transparency of medical records archives through Smartcontract 2.0 technology, AI and Dispersion and BigData CSE has developed successfully.

Nov 24

Revolutionary Blockchain 3.0 Under CSE Platform

By admin3 | New

SINGAPOREOct. 28, 2018 The revolution of blockchain technology has surpassed expectations. The features of Blockchain technology such as: decentralization, data fragmentation, uniqueness, quantitative restrictions, decentralization, anonymity, and smart contract empower Bitcoin and Ethereum to completely eliminate indirect as well as bulky office systems!

Advantage of CSE Platform

Following the success of Blockchain 1.0 (BTC) and Blockchain 2.0 (ETH), CSE SG PTE LTD_Blockchain company from Singapore has launched the revolutionary Blockchain Platform 3.0 (CSE30) and Smart contract 2.0, after more than four years of research and development.

What is the difference between CSE and BTC, ETH?

Blockchain 1.0 under Bitcoin and Blockchain 2.0  Ethereum have inherent weaknesses that limit their ability for effective scaling up due to factors such as: slow processing speed, energy costs, high transaction fees, ect. The revolution Blockchain 3.0 (CSE) overcome the weakness of prior Blockchain technologies and delivered the following advantage:

1 – Super speed

Completed a CSE transaction in under 06 seconds, compared about 10 minutes for BTC and 7 minutes for ETH.

2 – Low fee

Internal transactions fee for CSE is currently $0.001, while BTC fee is 0.00004674 BTC~$0.3, ETH fee is 0.000483 ETH~ $0.10 ( these fees were taken with present prices- these fees will increase when BTC and ETH price up).

3 – Off chain

Electronic transaction is currently dependent on the availability of internet. CSE has launched a technology that allows Off chain, encrypted transactions without internet environment at speeds up to 0.003s (3 million seconds). The limiting point of this technology is its limited number and the receiver is not anonymous to prevent fraud.

4 – Smart Contract 2.0

Ethereum invented Smartcontract 1.0 and has leveraged its strength in dealing with various types of financial contracts.

CSE Smart Contract 2.0 has a more intelligent feature with multi-contractual conditions and multi-industry applications.

There is great potential for the new platform CSE30 as it only takes 15-30 minutes to create your own smart contract on the CSE30 platform, which is directly connected to the CSE30 through the API. You can create your crypto, access source, blockchain library, blockchain authentication for education, blockchain authentication for real estate, etc.

Investors in technology field are paying special attention to this new platform, and further information will be announced soon in the future.

Nov 14

CSE Achieves Top Of Singapore’s Newest Blockchain Index

By CSE30 | CSE30 blockchain , New

CSE has topped the list of the latest blockchain projects announced by the Singapore government. This time, CSE has reached the TOP in the latest rankings since the index launched in late August. 2018.

The rankings, developed by the Singapore Institute of Electronics Information Research and Development as well as the Singapore Software Testing Center, aim to create a scientific assessment of global public blockchain projects.

In the second month in a row, CSE maintained its TOP position on the chart. Blocked DPCH projects have surpassed Ethereum after the first rankings were released to take the lead from September 2018. In addition to topping the charts, CSE also took the top spot in the Technology Index as well as technical indicators.

CSE has been controversial since launching the mainnet in the third quarter of this year. The project has problems with bugs, concerns focused, as well as disagreements over the constitution of the project. Block manufacturers (BP) allegedly hold too much power in the network. Recently, the project has released the updated version of CSE30, with upgrades such as MongoDB improvements.

Like CSE, Ethereum’s position remains unchanged from August’s ranking. Although still at the top of the charts, Ethereum has the highest score in the Applicability Index. ETH narrowed NEO to the top spot in that category with a difference of 0.1.

In other places, Bitcoin managed to rise higher in the rankings, jumping from 16th to 10th. Although Bitcoin ranked No. 9 with the highest applicability index of 40 , With CSE and Ethereum occupying second and third place in the field. According to the ratings panel, Bitcoin has the least developed technology with the lowest score of 46.0 in the Technology Index.

Nov 14

Owner Of The “Little World” Ice Cream House

By CSE30 | CSE30 , CSE30 blockchain , New

Boy Jose Adolfo Quisocala Condori is probably the youngest banker to open banking world in the age of 7.

According to news site  Briefly , while many other kids dreamed of becoming rich and successful when they grow up, Jose decided to embark “do something big” without waiting for years.

Jose Adolfo Quisocala Condori – The Jolly Roger – Briefly screenshots

Jose has more than 2,000 clients and offers various financial services at his bank in Arequipa, Peru’s second most populous city (according to official statistics until 2016).

Six years ago, Jose blew up the idea of ​​setting up a savings bank for children. The “old age” boy noticed that many of his friends used to buy candy and toys and did not know how to save things.

Understanding the importance of saving action as well as access to a financial system to solve the problems encountered in adult life, the boy Jose decided children can not “stand out.”

Not only thinking about how children can save money, Jose also thinks about how his peers can make money. The answer is recycling.

However, this idea was quickly swallowed by Jose’s teachers as a child could not handle such a large project.

Jose does not hesitate to continue to cook his ideas. In 2012, he founded the Bartselana Student Bank in his hometown of Arequipa.

The idea for this financial institution is quite simple. Children can become customers by transferring at least 5 kg of recyclable waste (paper or plastic) and sending at least 1 kg of recycled waste per month to maintain membership. Then, these “baby” customers will set a savings target and can only withdraw money from the account when achieving their goals.

Jose has established relationships with local recycling companies so that his clients receive a preferential price per kilogram of recycled waste. The proceeds will be deposited directly into the accounts of the young clients and they will also be the sole beneficiaries.

The owner also revealed that his success today is the application of Blockchain 3.0 platform built on CSE30 into the banking system.

Bartselana Student Bank has collected tons of recycled materials and helped more than 1,000 children with their own savings. This financial institution is still growing, and Jose’s “banker” has been honored with many honorary awards and is the lead character in many documentaries on foreign children entrepreneurs. .

Nov 14

Blockchain 3.0 Of CSE Application In Agriculture

By CSE30 | CSE30 , CSE30 blockchain , New

Blockchain – one of the factors that make bitcoin successful is becoming the most popular platform technology lately. It is expected that the blockchain will go beyond financial boundaries and apply to many areas of life. The most notable is the blockchain application to agriculture.

The Blockchain 3.0 CSE platform is being talked about recently, with its super-fast, super-fast transactional technology platform that addresses the limitations of Blockchain 1.0 & 2.0 Technology, the addition of new technologies. very good. So what does this platform have to do with the positive impact on agriculture?

Support traceability.

First of all, blockchain 3.0 solves the problem of validating information. Specifically, the blockchain 3.0 system records all transactions that take place and everyone present on the system is seen and has the right to verify the accuracy of that transaction. This solves a very important issue in the purchase of agricultural products in particular and consumer goods in general – that is the trust in product quality. With blockchain 3.0 CSE technology, this problem is resolved thoroughly. Information of the product sold is always saved in the most detailed process that allows customers to know from the source, to the carrier, the supplier …

Besides, the information on blockchain 3.0 is designed to be almost unchangeable and needs to be validated by all nodes (users) in the system so the credibility of the information is recorded almost is absolute. This not only stimulates the agricultural production of quality standards, but also helps consumers to use to stimulate sales.

Financial instruments.

The use of blockchain 3.0 CSE as a financial instrument in agriculture offers tremendous benefits. The blockchain 3.0 platform allows for automated operations, which minimizes costs from manual operations that are no longer needed. In addition, the blockchain platform 3.0 and above supports the “Smart Contract 2.0” feature – smart contracts can be used in many cases, reducing errors during the process. Eliminating intermediaries, the agriculture sector will generally save a lot of money for expansion.

Smart Contract 2.0 also avoids risks and ensures farmers’ rights. Trading is easy between producers, distributors and sellers. Full or partial contract payments can be made immediately through the confirmation and execution guarantee of the blockchain 3.0 CSE system. This would also allow farmers to be paid in full without breach of contract or coercion by the business.

Increase the export value of agricultural products.

The fact that the import and export is quite complicated due to many procedures with many intermediate stages. Payments often use common foreign currencies such as the US dollar leading to the possibility of many uncertainties. As a result, transaction costs in import and export now amount to 15% to 20%. This results in both importers and exporters having to rebalance prices in other stages such as production and processing.

The application of blockchain 3.0 as well as Smart Contract 2.0 in particular opens a new future for the import and export of agricultural products. With features that allow the creation of trust in transactions between strangers, Blockchain 3.0 eliminates the need for intermediaries, complex procedures that take time, effort and money. All transactions can be done quickly and easily with high accuracy. The blockchain 3.0 system ensures almost complete payment is made without breach of contract.

The future of blockchain 3.0 in Agriculture

Investments in blockchain are growing, new applications are also being developed rapidly. Blockchain 3.0 CSE can greatly improve efficiency, eliminating many steps in the communication process. Therefore, orders are made more quickly and accurately. Such an application is currently being used to remove layers in the agricultural value chain, enhance the visibility of the demand for farm products and allow for faster filling of vacancies. That increases sales for both retailers and farmers.