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TGIC (The Global Index Chain) is a public chain based on blockchain technology to subvert the traditional financial industry. TGIC will rely on blockchain technology to create a safe, credible and shared new ecology of the financial industry. The bottom layer of TGIC provides a complete distributed ledger system, a complete smart contract system and system security system, etc., supporting various major application protocols , multi-dimensional authentication protocols and various cross-chain protocols. Provides technical systems including distributed data storage, cross-chain smart contracts, secure multi-party computing, and trusted data exchange. On this basis, TGIC provides a series of application frameworks to further support the realization of various upper-layer applications through common APIs, SDKs and various application function components.
TGIC builds a series of ecological environments with digital index investment, digital asset custody, digital asset exchange, and digital asset liquidation. TGIC will promote the digitization of various assets, and gradually replace various businesses in the traditional financial industry with decentralized financial applications based on blockchain technology.
TGIC is committed to becoming a benchmark public chain in the global financial industry, helping financial companies and global investors realize the digitization of traditional assets, avoiding the shortcomings of the traditional financial industry, and promoting the healthy development of blockchain-based financial ecology .
TGIC will combine traditional securities, trusts, commercial banks, and P2P platforms to iterate on the digitalization of traditional assets to diversify assets and increase the credibility of financial services. Let more financial services be implemented on the TGIC blockchain. TGIC will focus on the application development and implementation of the financial industry, make the goals clear, promote the digital development of financial industry business, and replace the traditional centralized working methods with the power of decentralized technology .
TGIC is a global participatory index chain built on the basis of blockchain technology, which has the characteristics of decentralization, transparency and openness, anonymity and security, completeness and non-tampering.
In the traditional transaction mode, the bookkeeping process is carried out separately by both parties to the transaction, which not only consumes a lot of manpower and material resources, but also is prone to inconsistencies in reconciliation, which affects the settlement efficiency. At the same time, there are too many links in the traditional liquidation business and the liquidation chain is too long, resulting in a long time-consuming liquidation process and high reconciliation costs. In addition, the clearing center is too centralized, and there is a technical single point risk. Based on blockchain technology, quasi-real-time transactions (that is, clearing functions) can be realized, and the clearing/settlement efficiency of the existing financial system can be improved. Through the blockchain system, two or more parties to the transaction can share a set of credible and mutually recognized ledgers, and all transaction clearing and settlement records can be checked on the chain, which is safe, transparent, tamper-resistant, and traceable, greatly improving the accuracy of reconciliation and efficiency.
By carrying smart contracts, it is also possible to realize automatic transaction clearing and settlement, so as to realize transaction settlement, greatly reduce the cost and error rate of reconciliation personnel, and greatly improve the efficiency of liquidation. In some transactions, the frequency is not high , In the scenario where the real-time correlation of the business is not strong, it can fully meet the needs of the liquidation business and greatly optimize the existing process.
The advantage of TGIC is that the transaction speed can be transferred to the account within 8 seconds, because this speed can effectively solve the current pursuit of speed and efficiency in all financial services, so that it can stand out in the clearing/settlement business.
On the TGIC chain, the concept of fixed transaction costs is realized, and only 0.1TGI is charged for any transaction. Of course, this fee is not forever. The 51 supernode votes of TGIC will be initiated. The supernode votes are used to reduce the transaction cost, which may be 0.001 or 0.000001TGI. TGIC is fully open and open in these details. This is something that the traditional financial industry cannot do.
At the same time, in the field of asset securitization, TGIC's ABS based on blockchain technology has the following advantages.
First, it is conducive to improving the cash flow management of ABS. On the one hand, it has automatic ledger synchronization and audit functions, which can effectively alleviate information asymmetry; Functions such as recurring purchase and automatic income distribution reduce labor costs and error rates, thereby improving cash flow management efficiency;
Third, TGIC technology can boost the penetration of ABS underlying assets. The application of TGIC blockchain technology in the ABS field can enhance the authenticity of the underlying assets of ABS, thereby penetrating the underlying assets. This can more effectively supervise the moderate use of financial leverage by financial institutions and the rational use of ABS means.
Digital asset custody
In the TGIC ecosystem, every user will have their own transaction address and digital assets, and users can choose to let their digital assets in the TGIC ecosystem Use digital asset custody services to increase their investment income. TGIC digital asset custody is a financial custody of digital assets. In the TGIC ecosystem, many applications will be based on digital asset custody. The functions of digital asset custody include: supervising the investment operation of entrusted assets; reporting the investment operation status and related information of digital entrusted assets to the entrusted address in a timely manner; keeping accounting records for the assets, liabilities and investment of digital entrusted assets; The investment operation of entrusted assets, and provide relevant analysis information and other businesses related to entrusted asset custody to the entrusted address.
Digital Asset Clearing
Digital asset clearing business is the most basic application in the TGIC ecosystem, all users in the TGIC ecosystem, including financial institutions, upstream and downstream enterprises, brokers, trusts, funds etc. All transactions involving transactions will be cleared through the TGIC digital asset clearing application. TGIC users first need to register digital assets and digital currencies by themselves, and the buyers and sellers of the transaction conduct contractual transactions and automated settlement of assets through smart contracts.
Digital Asset Exchange
The TGIC ecology can realize the exchange between digital assets. At present, TGIC has realized the exchange between TGI, BTC and ETH by determining the exchange ratio through smart contracts. At the same time, TGIC will support
the exchange between digital assets and traditional assets. For example, physical assets such as stocks, warehouse receipts, bills, inventory, and factory buildings can be digitalized in the TGIC ecosystem to determine the corresponding value. By using TGI is used to settle the corresponding value and convert it into corresponding digital assets. At the same time, these digital assets can be traded in the secondary market.
Digital Index Investment
TGIC's digital index is composed of multiple currencies, stocks, commodities, etc. overall performance of the market. TGIC will digitize traditional indexes, use TGIC to track fluctuations in various indexes, and realize investment in traditional indexes and digital currency indexes. In the TGIC digital index application, using TGIC can directly realize a variety of index investment portfolios, thereby diversifying investment risks. Through the access of index data, the automatic settlement of assets is carried out on the range of rise and fall, and it is reflected on the blockchain, and each transaction can be queried.
In the TGIC ecosystem, users can use TGI to purchase stocks, digital currencies, bulk commodities, etc., through the time set by the user (how long the time is set is determined by the user), and TGIC will be cleared after the expiration The system automatically settles, and judges the user's profit and loss and forms a report to submit to the user for reference.
Agricultural Precision Poverty Alleviation
TGIC will launch the application of precision agriculture poverty alleviation. TGIC will connect with poverty-stricken areas. Ecological users can track all information of agricultural products in the TGIC ecological digital mall, including product sources, logistics and other information. The information will be stored on the chain in real time to ensure that the information is safe and credible, and cannot be tampered with or forged.
TGIC ecological users hold TGI and can directly purchase agricultural products of relevant value in the digital mall in the wallet. This will help impoverished areas increase the sales of agricultural products, while promoting the circulation of TGI, ensuring the value of TGI, and maintaining the sustainable development of TGIC ecology.
Circulation Incentive Scenario
TGIC will establish a trust system based on the blockchain, enabling the upstream and downstream core institutions, trusts, funds, brokerages and related practitioners in the financial industry to form a consensus incentive system, so that TGIC ecological participants spontaneously promote the prosperity and vigorous development of the entire ecology.
In the TGIC ecosystem, through the incentive mechanism of Token rewards for the effective activities of the participants, the subjective initiative and enthusiasm of the participants are better stimulated, and through the characteristics of blockchain decentralization and data transparency , to solve the problem of value trust and form a reliable data flow closed loop. The TGIC ecosystem has built a new financial environment and business relationships, changed the concept of the market and completely subverted the value flow and distribution model of the traditional financial industry. TGI is the only means of payment in the TGIC ecosystem. For the business transactions of various participants in the ecology, the circulation of TGI is realized in the form of smart contracts. TGI is not only a payment tool, but also an incentive method. The high circulation of TGI is a strong guarantee for high activity in the TGIC ecology .
*The above content is organized by YouToCoin official. If reprinted, please indicate the source.