TrueChain Whitepaper

Sunday, June 3, 2018
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T ueChai ——Hybrid Consensus Public Chain with High Performance

A st a t It is the de a d of the ti es a d the d ea of T ueChai to eate a pu li hai that ill a the futu e o e ial de e t alized appli atio s. Based o the h id o se sus e ha is , T ueChai ai s to p o ide high-speed poi t-to-poi t o u i atio , alue t a sfe a d the i f ast u tu es of s a t o t a t fo the so iet . The ulti ate goal of de e t alizatio is to eate a f ee a d utual t ust so iet . Tha ks to the effo ts of pu li hai p oje ts like Ethe u , pu li hai has de eloped sig ifi a tl , a d the o e ializatio of digital u e a d s a t o t a ts has e o e possi le. P io to this, so e p i ate hai a d allia e hai ha e ee su essfull applied to ake people ha e g eate e pe tatio s fo pu li hai de elope s. It is hoped that the a i al of the o e ial pu li hai a sol e the p a ti al p o le s of high ost, su h as digital pa e t, s a t o t a t a d so o . Ho e e , the o e easo h the pu li hai is diffe e t f o the p i ate hai a d the allia e hai is that the desig of the o se sus e ha is eeds to e su e that the u fa ilia a d s ale e te di g odes a uild t ust et ee ea h othe th ough te h i al ea s, a o plish tasks togethe a d e su e the sta le a d effi ie t ope atio of the pu li hai . Most of the e isti g o se sus e ha is desig is diffi ult to a hie e a good ala e et ee se u it a d pe fo a e, as the dile a et ee de e t alized de isio - aki g a d ad i ist ati e effi ie , has plagued the pu li hai de elope s. T ueChai hopes to keep the esse e of de e t alizatio hile i p o i g effi ie as u h as possi le si ulta eousl . The e e ge e of the h id o se sus e ha is hi h o i ed POW ith PBFT i gs a a of da to the solutio of the p o le .

I. St e gth Support e tr of i fi ite odes Fo la ge-s ale o e ial appli atio s su h as I te et e- o e e, i sta t essagi g soft a e, a d ilate al t adi g platfo s, suppo ti g la ge-s ale a d i easi g u e of use s is a e essa o ditio fo the pu li hai to a the . The o u i atio o ple it of PBFT dete i es that odes pa ti ipati g i de isio aki g a o l e kept i a e li ited a ge. The o i atio of the ha a te isti s of POW that a a ept u li ited odes a ake up fo this disad a tage. Safet Be ause the e is o gua a tee i PBFT e ha is that all odes pa ti ipate i de isio - aki g, the e a e elati el st o g o al haza d a d se u it isks. A s all u e of odes' i a tio o do ti e a esult i data ta pe i g of othe odes o full hai pa al sis. O the asis of POW, a h id o se sus e ha is fo the ele tio of PBFT a k o e odes is desig ed to e su e ti el e-ele tio of the PBFT a k o e odes a d o ito the a k o e odes i eal ti e. High perfor a e The ti el e o di g of use t a sa tio s is a gua a tee fo the a aila ilit a d se u it of the pu li hai . The o u i atio effi ie of PBFT a k o e odes is suffi ie t to suppo t - TPS t a sa tio s pe se o d . It is possi le to e su e that the hole hai o u i atio is ot lo ked hile ultiple s a t o t a ts o o e ial appli atio s deal ith t a sa tio s at the sa e ti e, a d the ledge a u atel e o ds the t a sa tio s i h o ologi al o de . Free use Whethe it is the i itial test et o k o the futu e ai et o k Stella , T ueChai ill e ai ope to all use s f ee of ha ge. T ueChai al a s o side s that the pu li hai is a i f ast u tu e fo all use s, ot a p ofit aki g tool. It is ot o l fo T ueChai to fi d a app op iate sou e of p ofit i the futu e, ut also fo the de elop e t of pu li hai , o e e the hole lo k hai i dust .

II. Te h i al a hite tu e The te h i al f a e o k of T ueChai is di ided i to th ee la e s f o otto to top: h id o se sus e ha is , s a t o t a t a d o t a t a st a tio . Fo the spe ifi desig , please efe to the ello ook o GitHu ope sou e ode: https://githu . o /t ue hai . H rid o se sus e ha is The desig of o se sus e ha is is the o e diffe e e et ee the pu li hai a d the p i ate hai a d the allia e hai . It eeds to e de e t alized e ough to a hie e se u it , a d high speed to e su e pe fo a e. The i dust has asi all fo ed the u de sta di g that it is diffi ult to ala e the esse e of de e t alizatio a d effi ie o l si gle o se sus e ha is . I o de to ake up fo the sho t o i gs of the p e ious t o ge e atio s of lo k hai : Bit oi a d Ethe u , of hi h TPS a e too lo a d p e e t the f o ealisti o e ial appli atio de elop e t, T ueChai sele ted a h id o se sus e ha is o i i g the effi ie of PBFT ith the de e t alizatio of POW. O the asis of gua a teei g the esse e of de e t alizatio , a pu li hai ith high pe fo a e a d high elia ilit a e ealized to a out the ta get of la ge-s ale o e ial Dapp ope atio . The solutio of dist i uted p oto ol is oughl di ided i to t o pa ts. O e ki d of POW solutio , ep ese ted it oi , has ee p o ed to e diffi ult to go fu the i the t a sa tio p o essi g speed; o e is a PBFT solutio ep ese ted a la ge u e of p i ate hai s a d allia e hai s, hi h a effi ie tl deal ith a la ge u e of t a sa tio s. Ho e e , the PBFT solutio e ui es that a odes pa ti ipati g i the ookkeepi g t ust ea h othe , so the odes had ette k o ea h othe efo e the ag ee e t o es i to effe t. The e is o dou t that he appl i g a k o e odes hi h e o ds all t a sa tio s to the pu li hai a hite tu e, a huge o al haza d e ists. Esta lishi g a o se sus e ha is of effi ie t utual t ust i the pu li hai has e o e a o ld ide diffi ult . The solutio of T ueChai is take the di e to of the t o. Keepi g the e ha is of PBFT e ai ed, the sele tio of a k o e odes is ope to the pu li hai , a d the POW p oto ol is used as the d a i sele tio a d ag ee e t of the uasi-s ste to suppo t the a k o e odes. The esta lish e t of the a k o e odes o u it is o e ted f o the atu e of the p i ate hai a d the allia e hai to the pu li hai atu e. S art o tra t

S a t o t a t la e is a ke step i the appli atio of o se sus e ha is . The ope atio of s a t o t a ts ust el o the o pletio of i tual a hi es to e su e that u ified s a t o t a ts a o pute the sa e esults i diffe e t e i o e ts. T ueChai i he ited the desig idea of EVM, a d lau hed TVM o PBFT. TVM ill e i pla ted i to ea h a k o e ode, e a li g the to i oke e uests ased o i di idual e ui e e ts. Co tra t a stra tio The o t a t a st a tio la e ill a st a t the asi usi ess logi i the a st a t s a t o t a t, a d si plif the p o ess of de elopi g o ple s a t o t a ts de elope s.

III. Appli atio s I sura e I su a e is also a field that a e put i to fo e fo T ueChai . The i teg atio of lo k hai a d i su a e i dust a eall p o ote the de elop e t of i su a e to auto ati lai s. The i tellige t o t a ts u de the lo k hai a auto ati all ake lai s he the t igge i g o ditio s happe , a oid u e so e lai s steps a d get id of possi le o al haza d. Ag i ultu al i su a e has al a s ee a diffi ult a ea fo i su a e to e i ol ed i , e ause the g ai output is affe ted a atu al a d hu a fa to s. It is diffi ult to etai the e ide e, so it is diffi ult fo fa e s to u de sta d a d a ept ag i ultu al isks. If the se so is used to easu e the eathe o ditio s su h as te pe atu e, hu idit , i d speed a d so o , the auto ati lai is t igge ed he the o ditio is ea hed, a d the lo ost, apid a d sta da dized lai ill e ealized the ha a te isti s of auto ati o pletio a d o -ta pe i g of the s a t o t a t. The sa e a e applied to ai aft dela isk. B alli g the ai li e o the ai po t pu li i te fa e, the s a t o t a t auto ati all dete i es hethe the flight is dela ed a d the ause of the dela is dete i ed, the e auto ati all t igge i g the lai . Whe the flight is dela ed, passe ge s a al do he seei g thei a ou t ala e i easi g. La ge s ale of siege a ou d the oa di g gate ill ot eak up. I additio , the t aditio al i su a e i dust a e su e ted the e utual i su a e odel. Mutual i su a e a d de e t alizatio t adi g e ha is a e o pletel i te o e ted. All use s a e o pletel e ual, i stead of i a eak positio o pa ed to the i su a e o pa ies. Si e the i te edia is o lo ge e ui ed to a t as a o ga ize to esta lish a pool of fu ds, use s a full utilize the desig of the lo k hai o se sus e ha is a d esta lish i su a e o the fo of poi t to poi t utual assista e. Ea h p e iu pa e t a e t a ea le, ope , t a spa e t, ti el a d effi ie t. Co i ed ith the h id o se sus e ha is of T ueChai , utual i su a e a also e supe ised to e su e the e e ge e of o al haza d. Blo k hai te h olog e a les the i su a e i dust to etu to the ai usi ess of at hi g suppl a d de a d a d al ulati g isks, athe tha fo usi g o asset a age e t apa ilities as u h as toda . This should ot e the i te tio of i su a e. Medi al are I the edi al field, the a o it a d de e t alizatio of the lo k hai a e used

to p ote t the patie t's p i a . Ele t o i health ases EHR , DNA pu se, a d d ug a ti- ou te feiti g a e all possi le appli atio s of lo k hai te h olog . IBM pu lished a epo t o health a e a d lo k hai i , hi h spe ifi all e plai ed the pote tial alue of lo k hai te h olog i li i al la o ato e o ds, egulato o plia e, a d edi al / health o ito i g e o ds, as ell as health a age e t, edi al e uip e t data e o ds, d ug t eat e t, illi g a d lai s, safet of ad e se e e ts, edi al assets a age e t, edi al o t a t a age e t a d othe spe ial ad a tages. I te s of EHR, a i di idual's o plete health histo e o d o tai s all the ital sig s, high a d a u ate e o ds of the edi i e, the do to 's diag osis, the patie t's disease, a d all the i fo atio elated to the ope atio . The hole histo i al data elated to the edi al staff, the lo atio a d the e e ts a e alua le fo p e isio t eat e t a d disease p e e tio . The lo k hai happe s to e the ight o e. The data of i di idual a d i stitutio al g oups a e sto ed a d sha ed i eal ti e. I the s ste of T ueChai , e e t a sa tio has ti esta p, a d e o es a pa t of the pe a e t e o d hi h a ot e ta pe ed ith afte a ds. All odes a ie all e o ds i a pu li hai ithout pe issio . I a pe issio - est i ted pu li hai e i o e t, ea h ode a esta lish a o se sus e ha is to dete i e the ode's a ess to the t a sa tio , thus ai tai i g p i a a d o eal e t of the eal ide tit of ea h ode he eeded. I this a , the lo k hai ealizes the o plete e o d of the asset life le. Whe assets flo th ough the e ti e suppl hai , o atte patie t health e o ds o a ottle of pills, all e o ds a e lea l isi le. IBM i estigates the alue of edi al e e uti es to the lo k hai , a d e e uti es ge e all elie e that lo k hai s a ost effe ti el eli i ate edi al i fo atio f i tio , i ludi g i o plete i fo atio , i fo atio isk a d i a ilit to a ess i fo atio . Fo e a ple, o pute e o ds a e su e the a u a of i fo atio i put, a d the p ope t of the lo k hai , su h as the sele tio of the fastest a d est i fo atio i to the data ase a d the high se u it , ill eak th ough the past edi al i fo atio a ie s a d a i ize its o st e gth. The sta da dizatio of s a t o t a ts is a ke li k i the appli atio of lo k hai s, hi h is of g eat alue i the supe isio of edi al eha io . Whe o - o plia e e e ts o u , s a t o t a ts ill auto ati all t a k o plia e a d se d otifi atio s to ele a t pa ties i eal ti e, effe ti el e o e i spe tio li ks, si plif the i ple e tatio p o ess, a d edu e supe isio osts. O the asis of data o fide tialit a d elia le ualit , o ga izatio s, i stitutio s a d e te p ises a joi the s ste a d oope ate ith data. Usi g pe so al health data, edi al e uip e t data, data olle ted edi al a d u si g staff, de elopi g e edi al appli atio s o p o idi g se i es, i ple e ti g health a age e t a d

eati g e data sou es, a fo a la ge lo k hai e olog a d a i tuous le. I te s of illi g a d lai s, lo k hai s a also effe ti el p e e t i p ope eha io su h as f aud, a d edu e the aste of edi al esou es. E te p ise PokitDok, Capital O e, a d Ge p oposed a platfo suppo ted lo k hai s to help patie ts efo e e ei i g t eat e t, dete i e the a ou t of self-pa e t i ad a e, p o ide p e-pa e t se i es, a oid the u e pe ted osts of the patie ts, a d to edu e the a ou t of u paid pa e ts edi al i stitutio s. The t a ea ilit of lo k hai also i ludes the t a i g of edi al alp a ti e a d the a kt a ki g a d supe isio of d ugs. Fo e a ple, the esta lish e t of a o siste t d ug dist i utio a d a age e t s ste ill e a fatal lo to ou te feit d ugs. Be ause the data of the lo k hai is updated a d idel sha ed, pha a ies, a ufa tu e s, u e s, egulato s a d othe pa ties a o se e the flo of data i eal ti e, i ludi g d ug a ufa tu i g a d dist i utio i fo atio , so as to st e gthe d ug egulatio a d p e e t ou te feit d ugs f o e te i g the a ket. It is epo ted that the UK o pa , Blo k e if , is o e of the o ga izatio s to a out d ug sou e pilot p oje ts to help edi al staff e if authe ti it th ough s a i g d ugs. Blo k hai a eli i ate ad e se safet i ide ts, su h as sol i g the safet p o le s of edi al de i es, espe iall the health de i es o e ted to the et o k. I , Joh so a ed patie ts that thei "O eTou h Pi g" i suli pu p as easil atta ked ha ke s, a d FDA had epo ted a et o k se u it leak i St. Judah's edi al hea t e uip e t. The efo e, the o al ope atio of edi al de i es o e ted to the et o k is e i po ta t. Mai tai i g et o k se u it is also a i po ta t appli atio of lo k hai i edi al s e es. Ga e The o i atio of the lo k hai a d the ga e efe s to the eatio of i tual assets fo olle tio o the lo k hai , hi h is ot like Ethe u at o Ethe u Th ee Ki gdo s, i hi h the pla e s a o tai the false " lo k hai " ga e th ough the o t i utio of e pla e s a d the i ulatio of the i tual assets, ut the use of oss hai te h olog i the ga e p odu tio hi h a upg ade the i dust . As fa as u e t de elop e t is o e ed, the fo us of lo k hai a e applied to the ga e of i tual asset i ulatio a d ga i g platfo . Fo ost ga es, the use s a e ot sti k e ough a d a lose ui kl afte pla i g Co pa A's ga e, e ause its gai i Co pa A's ga e a 't e t a sfo ed i to a d i e to pla othe ga es of Co pa A. Th ough appl i g the lo k hai te h olog , the t a ea ilit , o e ie t i ulatio a d lo ost of the i tual assets a e e su ed, a d the lo alt of the old

pla e s a e g eatl i p o ed, the e olog et ee diffe e t ga es of A o pa a d the life le of the use s a e e te ded. S all ga e o pa ies a e e u ite to t ade i tual assets i the sa e hai , i o de to edu e use di e sio osts a d e ha e use depe de . La ge ga es ofte hold a f ie dl at hes a d league at hes. Usi g lo k hai s a t o t a t a sol e p o le s su h as ti el deli e a d t a spa e . Whe the i te fa e i o atio gets the esult of the ga e, the ode auto ati all u s to o plete the ga li g deli e . Pu li elfare Pu li elfa e is o e of the ai the es of toda 's ti e. B the e d of Jul , a o g the illio poo people i ou ou t , ea l illio of the poo e e poo . Ho to ake pu li elfa e o e effi ie t, o e fai a d o e t a spa e t is the ish of e e pu li elfa e pe so . Do o s, out of so ial espo si ilit o pe so al lo e, do ate o e to ha ita le o ga izatio s to help the t apped g oups o i p o e so ial p o le s. Whe e a e these o e used i the e d? It a e a uestio a k i the hea ts of e e do o . The ha it depa t e t ill ofte e halle ged. Ho a e p o e that the o e has ee se t to the disaste a ea? Ho a e p o e that hospitals eall do ate o e to patie ts? The t o sides ofte p odu e a lot of o t adi tio s, like suspe sio of the sou e of de oted o e , e ezzle e t, o uptio a d so o . It ot o l edu es the do ated o e , ut also hu ts the feeli gs of the do o . The appli atio of lo k hai te h olog to pu li ha it ill ha ge the t aditio al ode of pu li ha it do atio i fo atio t a s issio . As a dist i uted ledge te h olog , the i fo atio o lo k hai has the ha a te isti s of o -ta pe ed, t a spa e t a d t a ea le. It a sol e the pai poi t of pu li elfa e ha ita le ause pe fe tl . Whe the use 's good o e e te s the lo k hai s ste , it ill e auto ati all e o ded o the ledge of lo k hai a d sta ped ith a ti esta p. This e o d a ot e ta pe ed a d e e do atio a d suppo t ill e t a ked as "e p ess". Ma lo ks hai a d ha it p oje ts ha e ee t ied to la d. I Jul , the A t ha it lo k hai as offi iall lau hed. "Let the deaf hild e get the e sou d" e a e the s all s ale test p oje t of the A t Fi a ial a d the Chi ese So ial Assista e Fou datio . The e editio as lau hed i De e e , addi g the fi st lo k hai of the Chi ese Red C oss Fou datio "Sa Good e to the Hea i g Ba ie " a d the "Child e Illu i ati g the Sta s", ealizi g the eal ti e

a ou t pu li it a d helpi g to sol e the "pai poi t" of pu li fi a ial t a spa e . U til Ma h , , all the do atio p oje t o Alipa has ee a essed to the a t lo k hai platfo . Statisti s sho that, Ja ua , , the e e e pu li elfa e i stitutio s, o e tha pu li elfa e p oje ts, a ess to the A t Blo k Chai Platfo . Mo e tha . illio do atio s ha e olle ted a total a ou t of o e illio ua do atio s. I De e e , the et o k utual suppo t platfo held a "Hea t Chai " o fe e e i Sha ghai. "Hea t Chai " is a p odu t hi h elies o lo k hai te h olog , spe iall desig ed fo the pu li elfa e i dust . Rel i g o the lo k hai te h olog , all do atio s ill e e o ded o the "hea t hai ". Data i ludi g the a ou t of do atio s, apital flo is ope a d t a spa e t. It is i possi le fo the pu li fu ds to e isapp op iated illegall . This also akes pe so al ki dhea ted eha io s a o je ti e "digital asset". As of O to e , the ti es of platfo do atio has e eeded illio , a d ea l illio of the assets had ee issued. Nu e ous e a ples sho the futu e t e d of the i teg atio of lo k hai a d ha it . Asset Se uritizatio The e te sio of the digital u e lies i the toke . Assets a e o e ted i to toke s, a d toke a e tu ed i to a p oof of the assets usage ights. The t a sfo atio of assets i to u e is a ki d of se u itizatio . If a ook a e set up et ee the odes a d all the assets i the asset se u itizatio pool a e o ed to this ook, all the ha a te isti s of the asi assets a e a ked, the lo k updates a o di g to the t a sa tio ti e hi h ea s o -ta pe ed, a d egula follo i g up is o du ted, the effe ti e o i atio of asset se u itizatio a d lo k hai a e ealized. Digital ad ertisi g i dustr The digital ad e tisi g i dust o opolized Fa e ook, Ali a a, Google, Baidu a d othe I te et gia ts has a i dust pai poi ts. S all a d ediu -sized ad e tisi g edia, o st ai ed the size of I te et gia ts, a e fo ed to fo a "flo allia e" ith eak a gai i g po e . Fo ad e tise s, the use s ho a odif the data a d the g oup that is diffi ult to easu e akes the digital ad e tise s fa e se ious i fo atio as et . Ad e tise s ofte pa high ad e tisi g osts fo disto ted use s' li ks a d o e age, ut fail to a hie e the desi ed esults. The e iste e of a ad e tisi g t adi g platfo s has p o ided a alte ati e solutio to ad e tise s to so e e te t, ut the t ust p o le et ee the t o sides

has ot ee eli i ated. O o e ha d, so e ad e tisi g platfo s el o the de elop e t of o ots to i ease the a ou t of ad e tisi g li ks a d heat fo ad e tisi g fees; o the othe ha d, so e ad e tise s efuse to pa ad e tisi g osts efo e the ad e tisi g edia is eleased. The efo e, i fa t, o pa ed ith the I te et ad e tisi g platfo , the s all a d ediu -sized ad e tisi g platfo has lo e effi ie a d less utual t ust. I the fi al a al sis, the u of the digital ad e tisi g i dust lies i the t ust e ha is . I the fa e of the high ost of t usti g the I te et gia ts a d the less e pe si e ut f audule t situatio s, ad e tise s a e ost hopeful of the e e ge e of a lo - ost utual t ust t adi g platfo . The o e ial appli atio of lo k hai te h olog akes this hope a ealit . Be ause of the ha a te isti s of de- e t alizatio , a o it , ope ess, auto o a d i e e si ilit of t a sa tio e o ds, lo k hai te h olog p o ides a t a spa e t a d utual t ust t adi g platfo fo its ad e tise s. Follo i gs a e ai l ealized: data a e t a s itted to the audie e a d a e ou ted. ad e tise s a d ad e tisi g edia a e safe i fu di g. t a slu e t t a sa tio s of all pa ties. B usi g s a t o t a ts, oth pa ties a esta lish a safe a d elia le t adi g e ha is , a d ake the ad e tisi g esult easu a le a d edu e t a sa tio osts. Use s i ol ed i ad e tisi g t a sa tio s ha e also e te ed the e o o i e os ste of T ueChai , hi h a a ui e o eate highe added alue i T ueChai ’s e olog . Mi ropa e ts I a situatio s, people o up too u h pu li esou es o ause egati e e te alities ut fail to pa the o espo di g e u e atio . If the ea ehi le e eeds the f o t ehi le f o the left, it a tuall takes up the oad t affi esou es of the fast la e. A f o t a ith the ight of a has to slo do a d ield the ea ehi le. If the ti es of autopilot is o i g, he the ea a has the eed to su pass the f o t a , it a se d out a e uest fo t a s e di g f o the left side a d pa s a s all fee, a d the f o t a ill auto ati all ield to it afte e ei i g the e uest. It a ot o l gua a tee the o pletio of O e taki g Beha io , ut also ake the f o t a gai f o gi i g up the ight of a , hi h is safe a d fai . Fo a othe e a ple, sol e the p o le of spa e ails a d spa essages. Assu e e e ail a d te t essage is e ui ed to pa the ou te pa t a s all fee efo e se di g. Fo the o al o u i atio , the ost of o u i atio is ot sig ifi a tl i p o ed e ause the se d essages i oth di e tio s, ut fo people ho se d a

la ge u e of spa e s o spa essages, the ill fa e a huge ost hi h edu es the possi ilit of se di g ga age i fo atio i o e a g eatl . The ealizatio of s all pa e t ust e do e lo k hai ithout ha ge. T ueChai that p o ides high pe fo a e a d sta le t adi g e i o e t is just suita le fo these s e es. Value tra s issio Although the e is a lo g a fo lo k hai i g te h olog to go, it a e see that its appli atio i the fi a ial field is i e ita le. It is ot o l u e eatio , ut the eal ha ges that the lo k hai a i g to the fi a ial i dust lie i the alue t a s issio a d the pu li a ou t. Ma i stitutio s oth at ho e a d a oad ha e ade a ti e e plo atio i the aspe ts of pa e t a d settle e t, asset egist atio a d asset t a sfe . Be ause the lo k hai is a pu li , t a ea le, a d o -ta pe ed dist i uted ge e al ledge s ste , it a effe ti el edu e the e o ate of pa e t, li uidatio , settle e t steps, a d o ito the i flo a d outflo of ea h step of fu ds si ulta eousl , p o oti g the esta lish e t of a faithful so iet a d e o du i e to fi a ial supe isio . With the de elop e t of lo k hai te h olog , the authe ti it of assets ill e fu the gua a teed. Digital op right DECENT, a lo k hai o pa i S itze la d, hopes to use lo k hai te h olog to i p o e digital ights a age e t. Th ough the digital ideo fi ge p i t ide tifi atio , the u i ue "fi ge p i t" is a st a ted f o the otio ha ge, olo a d ke f a e of the ideo. This fi ge p i t is used to t a k the ideo o te t o the p ote tio et o k. Be ause of the u i ue ess a d i e e si ilit of the hash odi g used idel i lo k hai data sto age, the e odi g of ea h file is ot the sa e. Digital fi ge p i ti g te h olog a s ste ati all use the detailed ha a te isti s of do u e ts to disti guish ge ui e a d pi ated o te t, a d t a e the sou e of pi a . Other appli atio s e arios Usi g the e te si ilit of its odes a d the effi ie a d se u it of the o se sus e ha is , T ueChai a e o e applied to the fields of fi a ial fo ats like o ile digital ill of e ha ge, se u ities t adi g, a d suppl hai a age e t, p ope t ight t a ki g, digital e tifi ate, et .

IV. P odu t at i The p odu t at i of T ueChai is as follo s: Light Wallet Stellar Products Dapp Warehouse TrueScan TrueChai Light Wallet p o ides odes ith se i es su h as e ei i g, se di g a d a agi g all T ueChai digital assets. Stellar p o ides a o e ie t, sta le a d effi ie t s a t o t a t de elop e t platfo fo o e ial Dapp de elope s. De elope s a a age the hole life le of o t a ts. Dapp Warehouse is a use -o ie ted Dapp do loadi g platfo . TrueS a , as T ueChai ’s o se , p o ides o t a t o ito i g, t a sa tio statisti s, ook sea h, p i a p ote tio a d othe se i es to odes. I the futu e, T ueChai ill o ti ue to i p o e the s a t o t a t de elop e t kit a d e pa d the p odu t i h ess of the i f ast u tu e to eet the eeds of the e ge e atio of pu li hai use s to de elop pe so alized a d o ple s a t o t a ts.

V. Toke E o o T ueChai uses its o T ueChai Cu e TRUE as its toke , hi h a ealize the fu tio s of alue sto age, pa e t ea s, alue s ale, et . The total a ou t of issua e is illio . The p opo tio of T ue dist i utio is sho as follo s: The distribution of TRUE 25% TGE 45% Team True Foundation 15% Community and Nodes 15% TRUE allo ated to T ueChai ’s tea ill e est i ted the lo g te eighti g s hedule, a d the spe ifi o ta t ules a e as follo s: A. %, o T ueChai Cu e TRUE , is eleased afte o ths of toke dist i utio . B. %, o T ueChai Cu e TRUE , is eleased afte o ths of toke dist i utio . C. %, o T ueChai Cu e TRUE , is eleased afte o ths of toke dist i utio . D. %, o T ueChai Cu e TRUE , is eleased afte o ths of toke dist i utio . At this poi t, T ueChai Cu e allo ated to the T ueChai tea is lifted.

VI. Tea I t odu tio Te h olog , resear h a d produ ts Ar hit Shar a Re X , a e pe t at dist i uted s ste , ope atio s ste s a d pe fo a e e gi ee i g, is espo si le fo T ueChai e gi ee i g a d e gi ee i g tea a age e t. Re X has o ked i Red Hat a d CERN, e gaged i la ge-s ale loud se i e a d dist i uted s ste desig a d de elop e t. Re X is a o t i uto of se e al i po ta t ope sou e p oje ts, as ell as se e al Do ke Ha katho ha pio s. Eri Zha g, is the fou de a d CEO of T ueChai , also the fou de of Chi a's top geek platfo TopHa ke G oup , hi h o e ts te h olog geeks ith a ious i dust ies. TopHa ke helps ultiple lo k hai e te p ises sol e the o e te h i al p o le s at appli atio le el. Feli Cai, the f o t-e d p odu t leade of T ueChai , also a f o t-e d geek, is g aduated f o Xi'a Jiao To g U i e sit outh lass. Ho e Che , the o ile te i al p odu t leade , e gaged i IT o k fo ea s, has i h e pe ie e i I te et p odu t desig a d de elop e t, a d soft a e p oje t a age e t. He as a te h i al pa t e of CaiHuohuo , espo si le fo the esea h a d de elop e t of e p odu ts, se e luste a d high o u e t p o essi g. Jesper L, a e pe t at applied ptog aph , ptog aphi p oto ol, dist i uted s ste o se sus, is espo si le fo T ueChai ’s o se sus esea h. Jepse L is g aduated f o Tsi ghua U i e sit . Ri hard Wa g, the leade of T ueChai ’s Chi a te h olog o u it , has the esou es of + I te et te h olog e e uti es atio ide, + autho a d + f o tli e de elope s. Wa g has ee the CTO a d CEO of a I te et o pa ies, a d pa ti ipated i se e al t a sfo atio s of t aditio al I te et e te p ises p oje ts. He is also the te h i al autho of Me ha i al I dust P ess, a d ha e atte ded se e al ajo do esti te h i al se i a s as guests a d judges. Sea izard , the se u it o sulta t of T ueChai , the autho of Code Audit: E te p ise Editio We Code Se u it A hite tu e , Sea sou e ode se u it audit s ste autho , a d the logge of ell-k o se u it log sea . o . He o e se ed at Ali a a se u it , a d as the leade of Ali atta k a d defe se la o ato , So ug te h olog pa t e . Sea has e pe ie es of o e tha te ea s i se u it atta k a d defe se a d se ed fo se e al ell-k o e te p ises. Busi ess a d operatio

Xiao o g Che g, is the fou de of T ueChai , Chief St ategi Offi e , also the leade of glo al pu li elatio s a d i stitutio al i esto s, a e pe ie ed e t ep e eu , a d the e e of Cha g’a lu . He is also the i e p eside t of the la k ho se - a d the e e of the G eat Wall Asso iatio . Ya Liu, the ope atio s di e to , is espo si le fo T ueChai p odu ts a d usi ess ope atio s, as ell as T ueChai o u it uildi g a d ope atio . Larr Li , as the fou de of T ueChai , hief de elop e t offi e , the e pe t of I te et a keti g a d o u it ope atio , has ee espo si le fo the ope atio of "Baidu e lopedia", hi h is the la gest o- uildi g o u it i Chi a. Li has o e tha ea s of digital ad e tisi g a d I te et i dust e pe ie e, a d as the autho of se e al estselle s i p opaga da. Ja es Cooper, T ueChai ’s No th A e i a i esto a d edia elatio s leade , is espo si le fo the glo al legalit . He is also a glo al i telle tual p ope t legal e pe t, the p ofesso of Califo ia Weste S hool of La , hai a of P o e to ACCESO fou datio p oje t, fo e U ited States State Depa t e t, A e i a De elop e t Ba k, A e i a pate t a d T ade a k Offi e o sulta t, U ited States ep ese tati e of the o ld i telle tual p ope t o ga izatio . Zhu Yu i ke , is the head of the Blo k Chai a d the Ne etail Resea h I stitute, the fi st head of the e etaili g O O depa t e t of Ali a a G oup. He e a e the i e p eside t of Shopi E te p ise i , taki g ha ge of offli e e tities a d o li e o e all o k. He has i h e pe ie e i o plete digitizatio a d full ha el o u i atio , a d digital a keti g usi ess. Co sulta t tea Wei Xia hua, the p ofesso a d PhD tuto of Chi ese A ade of S ie es, is also the deput di e to of the i tual e o o a d data s ie e esea h e te of Chi ese A ade of S ie es, a d the e e uti e di e to of the CAS - Reute s fi a ial isk a age e t joi t la o ato . Zhou Ji glo g, the fo e pa t e of the G eat Wall, hi h is the o ld's la gest I te et O ga izatio . He has a ide a ge of o e tio s a d esou es of I te et i dust a d go e e ts all o e the o ld. Zou Ju , the autho of est selle " lo k hai te h olog guide", is also a e pe t of Zho ggua u lo k hai i dust allia e. He is a PhD of Se i e Co t a t, the fo e hief soft a e a hite t of IBM Aust alia fi a ial i dust , a d ha e pu lished o e tha pape s i the I te atio al Co fe e e o IEEE, of hi h lo k hai elated pape s e e a a ded to IEEE ICWS i .

Li Xio g, is the fou de of Lia Xia g Fi a e a d E o o i s. I estor