YAO Network Launches Open Blockchain Infrastructure Platform!

YAO. Cash
5 min readJul 11, 2019

Blockchain technology has been a phenomenon that revolutionized financial organisations around the world and attracted overwhelming interest from investors due to their incredible potential as an incorruptible ledger. While most people think of blockchain technology as decentralized or public blockchains that allow anyone access and participation at any time, blockchain technology is not limited to its decentralized nature. Centralized or private blockchains have an advantage over public blockchains and are more suitable for corporations wishing to harness the power of decentralized ledgers to optimize their ongoing functions.

Public or distributed blockchains are large distributed networks that are executed via a token or digital asset that can be exchanged on a decentralized network. These blockchains have the functionality of being transparent to anyone as their source code is public and open to modification by the community at will.

Private or centralized blockchain, on the contrary, tend to be of a smaller scale and do not necessarily use tokens for their transactions. Access to these blockchains are controlled which presents itself as the prime opportunity for most companies that, for obvious reasons, do not wish to publicly disseminate their corporate information. The blockchain in its decentralized version is secure and can store, exchange and even authenticate information at a lower cost.

The Blockchain-as-a-Service (BaaS) Solution

Blockchain as a Service (BaaS) is a technology that enables clients to use cloud infrastructure to create, host and utilize their own blockchain solutions. BaaS enables organisations to deploy supplier services to create and access decentralized applications (Dapps). The YAO Network platform is designed based on the concept of blockchain BaaS 3.0 that aims to become a complete development system, integrating underlying technology and upper layer application to create a favorable ecosystem for the development and adoption of blockchain technology.

The YAO Network

YAO Network’s architecture aims to make it easy for enterprises and developers to design, build and deploy their own blockchain applications in the cloud environment. The platform offers public or private networks to satisfy enterprises and developers as they customize their desired blockchain network and applications. In brief, the YAO Network architecture hopes to offer: advanced, friendly and easy-to-use technologies and features; safe and fast public and private blockchains of the cloud network; an open ecosystem that promotes connectivity and interaction between third-party services
and enterprises. Developers and enterprises are the primary participants and builders of the YAO Network platform.

Functionality of YAO Network

1. Cloud Service Market

Blockchain cloud service is a core function of YAO Network platform. Users can get access to and purchase all cloud service products on YAO Network’s Cloud Service Market, which integrates YAO Network products as well as other cloud services offered by the third party. Developers can freely choose between independent and grouped services according to their desires.

2. Solution Market

YAO Network customizes solutions for enterprise-level customers by combining several cloud services and blockchain services to help clients launch blockchain applications rapidly and achieve business targets. Solution Market integrates General and industry- specific solutions of all kinds on the YAO Network platform. Enterprise-level customers are free to choose any product that they need. By working with partners in the industry, YAO Network will continue to provide blockchain solutions across industries and sectors and further incorporate technologies in different industries.

3. Open Access Platform

Open Access Platform offers service-providers quick access to blockchain cloud service. Community, enterprises, institutions and individual developers can submit requests as service providers to access and register for blockchain cloud services on the Open Access Platform. The Platform grants cloud access in different ways, including mirror, container, API, etc. Service providers can edit their cloud service information, view user information and sales data, and manage service catalogs on the cloud through a visualized page.

4. Content Ecosystem

YAO Network Content Ecosystem will build a series of product modules based on the YAO Network platform and integrate multiple resources of people, technology and enterprise to construct a thriving ecosystem of blockchain content and a comfortable technical community. Product modules such as contract malls, Dapp malls, blog forums and interest groups present a rich variety of contents related to blockchain technology. This makes the ecosystem conducive to the cultivation of technical talents in every level of the blockchain industry.

Decentralization is what makes blockchains consistent and valuable to organisations.

Access and Build On the YAO Blockchain Network Today!

Interested to find out more? Stay tuned to YAO Network through its social media:

Facebook: https://www.facebook.com/networkyao/

Medium: https://medium.com/@yaonet

Telegram: https://t.me/yaonetworkcommunity

Twitter: https://twitter.com/yao_network

Website: https://yao.dev/

Email: support@yao.dev

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YAO. Cash

YAO. cash is the first open-source cross-chain fractional-algorithmic stablecoin protocol that is located on Ethereum, Binance Smart Chain & Huobi ECO chain.