
A public blockchain with no native cryptocurrency
Individuals and institutions can use blockchain without using any native cryptocurrency with high price volatility to pay for fees.
The world's only public blockchain with no cryptocurrency, InfraBlockchain, has proven
its capacity and usability through the blockchain-based vaccine passport COOV,
which has more than 43 million users and successfully brought in participation from
government agencies and large corporations.
Government agencies and enterprises can build and operate blockchains
specialized for various services in parallel. Each blockchain is connected to
Infra Relay Chain, which serves as a hub between different blockchains, and
interoperate with other blockchains to achieve extreme scalability.
Infra Relay Chain is a public blockchain without native cryptocurrency.
Infra Relay Chain enables government agencies and trusted companies to participate in the
blockchain ecosystem, thanks to the Proof-of-Transaction consensus mechanism.
InfraBlockchain technology empowers the implementation of Blockspace, a multi-blockchain network
that can encompass various blockchains.
Traditionally, personal data were stored on a centralized server,
which not only carried a risk of getting hacked and leaked but also
allowed the service providers to collect and monetize them.
Individuals should be able to own their data
to protect their privacy and also monetize or utilize them.
However, if data are only stored locally on individuals' devices,
their authenticity cannot be guaranteed.
Such fraud risk is the reason why the use of blockchain, which allows anyone to
directly verify the authenticity of data without involving a centralized server,
is required during data exchange.
Individuals and institutions can use blockchain without using any native cryptocurrency with high price volatility to pay for fees.
COOV, the designated blockchain vaccine passport of South Korea, used InfraBlockchain to achieve fast processing speed and to process large volume of transactions.
We provide standardized products such as blockchain nodes, APIs, SDKs, and smart contracts, that are necessary for application development.