Achain is a platform based on blockchain that facilitates developers of all levels to issue tokens, create smart contracts, build decentralized applications(dapps) and blockchain systems. The platform aims to build a global blockchain network for information exchange and value transactions.

The platform was created to put safety, stability, and scalability in the first place to build an ecosystem where people are directly connected, trusted, collaborative, peer-to-peer-exchanged, and value-driven under social consensuses. Also, the forum works on the Delegated Proof-of-Stake (dPoS) consensus mechanism.

As per its whitepaper, the network seeks to resolve the following issues:

In addition, the network has a smart sandbox mechanism, wherein any released contracts should be test-run in the smart sandbox in the first place to be automatically tested in case of loopholes. Then the system determines by itself if the newly written contract qualifies to be uploaded to the platform.

Besides using the conventional principle of smart contract, which enables just data access within blockchain networks, Achain rebuilds it into one that allows data interaction between the blockchain system and outside networks.

The platform’s applications involve supply chain finance. It allows businesses to extend their payment terms to their suppliers while allowing their large and SME suppliers to get paid early. The network facilitates enterprises and financial institutions to rebuild a credit system to optimize the efficiency of supply chain finance.

ACT is the ecosystem’s native digital token. Holders get access to all basic blockchain services such as smart contract release, network dividing, etc.

The platform was founded by Tony Cui in 2015. He is also the founder of Goopal. He started as an early investor in blockchain and is an industry veteran.