OPEN: Decentralized payment and application platform. This is a unique platform for the popularization of blockchain, which makes it easier for software developers to integrate a series of technologies of blockchain technology. It includes several key elements: Scaffolds, Scaffold Creators and Open-States. These core technologies operate in parallel within the OPEN platform to create a decentralized integrated payment method for application developers and software services. OPEN's infrastructure combines pricing schemes associated with user state with application properties and is portable to any blockchain where smart contracts can be deployed. Open a payment method for a comprehensive decentralized application platform.

Project Vision

OPEN is an open platform that builds an unrestricted architecture with blockchain technology, providing decentralized payment processing to the applications and developers who need it most. The OPEN platform allows developers to connect blockchain payments to their software applications and incorporate decentralized payment systems into their applications without having to modify the entire backend system or understand blockchain technology. And through this platform, developers can formulate multiple pricing payment schemes for their applications, and safely and automatically connect these decentralized payment schemes to their software backends.

Just like the Stripe API enables developers to simply "plug and play" and process payments in their technology stack, the OPEN API enables developers to accept and process payments on the blockchain in the way their applications require. pay. Blockchain payments for applications not only need to accept cryptocurrencies for use in wallets, but also need to be able to update payment information (including sales of their goods/services) to their off-chain database technology stack, verify purchases (such as ordering services) ) and security and verification on blockchains that can communicate with their existing off-chain architecture.

Project Highlights

The pain point in the traditional payment space is that application developers and teams with millions of downloads face high transaction fees and long payment delays. Authorizing developers to seamlessly integrate applications with the blockchain is an important step for the use of cryptocurrencies to become mainstream, and in the market for developing blockchain applications, developers should no longer continue to use traditional payment methods. Therefore, the mission and task of OPEN is to use the functions of the legal currency transaction mechanism that developers are used to to build a blockchain-based payment platform composed of cryptocurrencies so that they can better accept and use cryptocurrencies.

Looking around the world, the Asian continent has taken the lead in app development and blockchain innovation, with a vibrant developer community. China, Japan, South Korea, Singapore and other Asian countries have a large number of innovative industries. From governments to institutions and individuals, they are all interested in exploring how to promote blockchain technology to gain mainstream recognition and use. When OPEN Platform participated in the Token2049 conference in Hong Kong recently, it said that it is very optimistic about the application prospects in Asia, especially China, and believes that China's development in the field of blockchain innovation will soon surpass the US market. Application projects supported by blockchain technology such as OPEN, once they enter the Chinese market, will improve the international standard of China's blockchain projects and realize the rapid connection between applications and blockchain technology.

As the world's first blockchain-based payment platform serving applications, OPEN has recently reached a strategic cooperation with NEO Global Capital to jointly promote the payment transformation of applications. Focus on the blockchain technology itself, follow the trend of technological innovation and development, let the blockchain and digital currency industry serve the industry, solve the pain points of the industry, and truly exert market value. This is the correct development direction in the future, and it is also the huge market that OPEN sees from it Chance.

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