Nuls is a project with goals to completely change the business and enterprise arena through the usage of the nascent blockchain technology. It is a modular platform that allows businesses to have their own side chains. Cross-chain communication is made easier in the platform so that maximum collaboration can be made by businesses providing ample room for growth and improvement.
Recently, BlockPublisher got in touch with the Chief Executive Officer of Nuls, Liesa Huang, who talked about different details regarding the project’s ecosystem.
Talking about the products that are present in Nuls’ ecosystem, Liesa stated:
The smart contracts were just launched on our test-net. According to our plan, the flagship product of NULS—Chain Factory is going to be released either at the end of the year, or in early 2019. That’ll be the real deal.
Further adding on to her statements, Liesa stated:
As for our ecological partners: Our first ecological partner is PRISM, a blockchain project to build the medical data sharing platform. PRISM CEO Anthony believes that the NULS Chain Factory simplifies the chain issuing procedures and provides cross-chain solutions, which meets the demand of PRISM. Our Southeast Asian partner MC Payment admires NULS team’s strong execution and unique technological capabilities. They that this collaboration will allow MCP to build more robust projects on top of NULS’ technology. Superlinks is our new Chinese partner, they aim to build high-networth communities, using altcoin to stimulate people to participate in various events. Also in South Korea, NULS has also formed cooperation with three Korean blockchain projects: VICS, HENA and JYA.
Nuls is one interesting project to look out for as the time moves forward. It provides the flexibility that is required of a platform in form of its side chains. The scalability issue is also handled appropriately as a result of these chains.
Nuls employs a modified version of the proof-of-stake algorithm (PoS) at its core in the form of its proof-of-credit (PoC). PoC makes sure that only healthy nodes stay in the network so that overall, a secure ecosystem of operations is established. More information regarding PoC can be found here.
As the market saturates and we move forward, it will be interesting to see how Nuls tackles the market saturation, which will most likely wipe out most of the projects which provide redundant services.