The IOST blockchain, today, June 20, 2020, announced the signing of a partnership deal with Greencore, a blockchain framework dedicated to restoring the new energy industry better.
As a decentralized blockchain, built on the next generation consensus algorithm “Proof of Believability” (PoB), IOST will work in conjunction with Greencore to develop the layer-2 scaling solution.
This was contained in a recent blog post, made available by the Greencore blockchain. The post revealed that the Through this partnership, Greencore blockchain will incorporate IOST’s advanced public blockchain technology to optimize the Greencore’s Blockchain framework.
Also, the Greencore blockchain is expected to hand IOST its propitious ultra-fast applications, which include the new-energy trading and settlement marketplace.
IOST is a blockchain technology supported by world-class investors such as Sequoia, ZhenFund, Matrix among others.
According to the blockchain ranking conducted by the research institute, CCID, China Electronics and Information Industry Development Institute, IOST, now officially ranks among the four Biggest decentralized blockchains which include Ethereum, Tron, and EOS. Meanwhile, IOST has always been on the winning side.
Greencore on the other hand, is a Blockchain platform, developed under the Greencore protocol infrastructure. Though the introduction of the Greencore trading and settlement platform is dedicated and specialized in the reconstruction of the New-energy industry.
The Greencore trading and settlement platform will also achieve an Eco-system with higher transparency, efficiency and liquidity for the New-energy industry by integrating areas of Carbon Trading into Greencore Trading and Settlement Platform alongside other features like New-energy Assets Trading, CCS (Carbon Capture and Storage), and Renewable Energy Certificates.
What Greencore Aims at Achieving with the Partnership
The IOST blockchain, as stated in the blog post, has achieved increased transaction per second (TPS) and scalability through Proof of Believability (PoB) consensus algorithm, also the developing of its community-owned network which was effective, has created a platform where third-party developers, enterprises and creator come together to acquire greater value.
Furthermore, IOST is believed to be more scalable than the Electroneum smart contract protocol and more decentralized than DPos-based EOS and can enhance transaction performance effectively without affecting its decentralization.
Hence it was reported that the Greencore Blockchain, is set to actively apply the IOST’s novel off-chain scaling technology in the process of its trading and settlement system as the keystone to improving the Greencore blockchain framework scalability and usability.