Shine overview
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SHINE makes it easy for any supply chain to meet their supply chain goals: firms can authenticate product in real time, firms can ensure source verification of their products. SHINE provides a business friendly blockchain platform which eliminates all technical complexity required to run a Blockchain.
Shine is built on top of the EOSIO Blockchain protocol with modifications to the consensus mechanism from a Delegated Proof of Stake to a Proof of Authority consensus mechanism. In addition, Shine has innovated on the middleware required to seamlessly run a Blockchain system by technology savvy and non-technology savvy businesses.
There are five layers to any Blockchain platform implementation: a. The Blockchain itself which could be Hyperledger, Ethereum, R3 Corda, EOSIO. b. The middle layer – Account management, micro-services, APIs, Input of user data and outside market data into the Blockchain, maintenance of the Blockchain nodes. c. The front-end user experience and user interface. d. The IoT sensors sending data to the Blockchain. e. The Machine learning layer to analyse the data for each party.
Most Blockchain implementations focus only on the Blockchain layer while ignoring the other layers such as:
1. Full-stack Blockchain: SHINE comes as a full-stack solution - backend databases, Blockchain, front-end web-app and mobile app. This enables ease of use for any kind of supply chain traceability that would be required.
2. Mobile+Web: SHINE has a layer on top of the Blockchain which analyses data coming from the blockchain into dashboards and shows admins and each user of the system.
3. IoT sensors: Shine comes with IoT sensors as part of its offering which seamlessly integrates with the supply chain to measure temperature, humidity, proximity, pH, chemicals, and other required metrics.
4. AI/Machine-Learning: SHINE enables the integration of AI/ML for supply chain participants to make smart decisions on aspects such as demand forecasting.
The cost to companies implementing the solution is optimal and quick due to Shine’s “Software-as-a-Service” model that runs on only a per-transaction system and customization fee without a development fee.
Gems and Jewellery traceability: a. Provenanceproof.io - b. Tracr - Both are majorly focused on Diamond traceability and ensuring that the diamonds are not blood diamonds.
Generic Blockchain traceability: a. Tilkal - b. Dltledgers - Both enable seamless trade finance for international shipments by also connecting with banks.
Blockchain middleware a. Blockset - Majorly focused on cryptocurrencies and not as much on enterprise Blockchain.
Blockchain platforms: Ethereum, Hyperledger, R3 Corda.