What does Renren Chain do (Renren Connect)

What does Renren Chain do What is Renren Chain? Renren Network is an open alliance chain jointly initiated by Peking University, Renmin University of China, China Institute of Information and Communication Technology, and Shanghai Jiao Tong University

In terms of blockchain technology, it is a decentralized application platform and a Distributed database system Renren Chain is mainly divided into two parts: Renren Cloud Computing and Renren Xin Data Services; Personal cloud computing is responsible for maintaining network security, user privacy, and data management. Enterprises provide storage and query tools, digital asset custody solutions, and financial application scenario development Each node is operated by different operational entities (i.e. consensus mechanisms) to ensure the ability to reach consensus among nodes; The public cloud shares the information of various participants with others through mining, forming its own sovereign data structure

At the same time, Renren Chain also used the hybrid model of “Hyperledger+verifiable proof” to solve the problem of data islands in transactions. Renren Chain can achieve multi-party governance

Renren Connection

Renren Connection – Renren Grid (referred to as JIB) is an open internet platform represented by blockchain, committed to creating a secure and reliable global network Currently, it has access to over 3 billion transaction data and hundreds of thousands of digital asset transfer services from over 200 countries/regions, covering multiple vertical industries such as finance, healthcare, and e-commerce. Its products include “Renren Chain” DAPP developer SDK, enterprise level Distributed database technical support, etc; Public cloud server R&D engineer toolkit; Intelligent contract testing environment developers’ API interfaces, as well as individual user authentication modules, and so on It is reported that at the beginning of the project, the focus will be on “human-computer interaction”. More application scenarios and solutions will be launched in the future, such as: Sharing economy+AI live broadcast+game based social networking These include: the decentralized multimedia sharing content platform “Renren Lian” based on artificial intelligence technology, which aims to enable people to seamlessly participate in the data flow of the online virtual world, build a more fair and open information exchange system from zero, help the traditional industry to upgrade to Digital transformation, and then promote social governance reform, improve the quality of life and happiness index of citizens.