Technology
Last updated
Last updated
The MDC blockchain is currently using the Ethereum network as an ERC-20 series, but Polkadot technology will be applied in the future in consideration of the high commission cost.
Polkadot is an inter-chain project that connects different blockchains, enabling seamless data transfer between chains. Polkadot is composed of a relay chain and a Parachain. The relay chain acts as a central manager who decides whether to make a transaction, and the para chain acts as an auxiliary chain that collects and processes transactions. In Polkadot, the roles among participants (collector, verifier, nominee, and auditor) have a balanced structure and form a connection between other blockchains. Polkadot blockchain features include interoperability, scalability, easy blockchain configuration, forkless future proof, full security method, and user-defined network.
Considering the transparency, stability, security, and scalability of Polkadot technology, it is built as a Parachain of the MDC Polkadot blockchain. Polkadot realizes a technology that enables specialized block chains to interoperate with each other and increase transaction scalability in a safe and reliable environment. It is compiled with WASM through the MDC parallelized Polkadot model and built as a Parachain that can be connected to the Polkadot network.
Polkadot's Relay Chain does not have a built-in smart contract. However, Parachain makes smart contracts functionally possible and can benefit from Polkadot's security and interoperability features. It is necessary to build MDC as a para-chain because it can reflect the runtime logic of MDC while allowing the high security and cross-chain connection provided by Polkadot's relay chain to be realized. Characterized by a high degree of flexibility and customization, MDC will be able to change the chain according to the needs of its partners in the network.
MDC will be developed using the Substrate Core (the core element upon which it is based), which gives the ability to design the entire runtime and implement it from scratch.
The Interface Layer is composed of functions necessary to extend the functions of the MDC platform and meet the requirements. It expands the basic function of the blockchain that connects the blockchain with the actual service, maintains the stability of the main-net, and provides the environment of the components.
When retrieving data outside the blockchain, it is necessary to check the accuracy of the information, and to take exceptional handling when it is judged that the information is incorrect. For this reason, MSCE (MDC Smart Contract Extension), which adds MDC's own extension function to the Substrate API, is provided. MSCE, like Oracle, is implemented in a distributed fashion of scheduled execution.
The MDC blockchain provides a decentralized protocol called “MDP (MDC Decentralized Protocol)” that can be easily scaled and linked to make Dapps (decentralized applications) simple. This protocol is managed by various APIs related to MSCE (MDC Smart Contract Extension).
When selling and using beauty information, the Dapp service that uses the MDC blockchain can use the internally used MDCS (MDC Stable) token, which is a stable token, for payment and settlement. The Stable Token provided is exchanged in the MDC wallet according to the market price of the MDC token.
Establish a service that provides payment, compensation, and commission on SNS platforms, e-commerce platforms, and Dapps that provide beauty information. Compensation is provided according to the contribution to ecosystem expansion according to shopping sales, number of recommenders, recommender shopping sales, sales yield, purchase conversion rate, influencer awareness, etc.
MDC provides a blockchain-based domestic cosmetic raw material supply chain management solution. Blockchain technology is applied on top of Parachain in order to improve the transparency and traceability of the supply and demand process of domestic cosmetic raw materials so that everyone can benefit. MDC supply blockchain technology is applied to improve traceability by collating data from raw material supply logistics lines in real time through a digital system. Blockchain technology is applied to various products that use domestic cosmetic raw materials, so raw materials that accurately trace their origin can be used. Thanks to the application of blockchain technology, it is possible to guarantee the origin and quality of domestic raw materials used in cosmetic products, which can be used as a marketing point.
