Business Credit Alliance Chain (BCAC)

Business Credit Alliance Chain (BCAC) is focused on building a new retail commercial credit economy ecology based on blockchain technology. It adopts its optimized Proof of Business Credit (POBC) as the underlying consensus mechanism while integrating real-world credit systems to enhance the operation and support of the blockchain network. BCAC aims to create a decentralized retail public chain ecosystem that combines various scenarios such as supply chain traceability, quantifiable credit, data transparency, consumer shopping, member services, precision marketing, and centralized procurement. This ecosystem will facilitate e-commerce transactions and offline shopping experiences and benefit multiple stakeholders in the new retail industry.

BCAC strives to establish a blockchain network that is connected to the real world, thereby increasing the credibility of the blockchain ecosystem, promoting the development of practical applications, and accelerating the transformation of traditional commercial institutions towards blockchain adoption. By introducing commercial credit factors, BCAC tackles trust issues within the anonymous blockchain network and provides a new consensus protocol based on business credit to incentivize the involvement of commercial entities in the blockchain ecosystem.

BCAC has released its open-source blockchain underlying code and wallets and DApp applications. The main network is expected to be launched by the end of 2019. BCAC’s ultimate goal is to empower the real economy by creating a blockchain network with real-world connections, improving the credibility of the blockchain ecosystem, and accelerating the adoption and development of distributed commerce. The project’s core team consists of experienced finance, operations, technology, and marketing professionals dedicated to building a vibrant blockchain ecosystem for the new retail industry.