The Internet has given rise to the sudden emergence of digital currency, and it is believed that it will ban the existence of paper money. The rise of electronic payment methods has created unprecedented convenience, such as easy payment and easy recharge methods have brought unlimited convenience.
Now that the payment technology industry has matured, people’s behavior in asset transactions has begun to undergo tremendous changes, financial models have undergone new development, and the global economy has been extremely rapidly improved. However, traditional payment methods no longer satisfies the globalized economic operation mode, and many problems such as network security issues, information circulation, credit issues, and value transmission have also emerged.
These problems have been properly solved with the help of blockchain technology. The decentralized payment method of the blockchain makes every transaction impossible to have tampered with high-security factors in each account. In addition, the asset chain is transparent, and the transaction process is also clear at a glance.
NGK is a decentralized business application platform based on blockchain technology, providing a full range of payment transaction solutions, with many advantages such as complete openness, high reliability, instant delivery, and trust.
NGK directly transfers value based on a consensus mechanism, which does not require any trust coordination. On the one hand, the payment method based on NGK’s global transfer saves the server costs and maintenance costs of third-party institutions. On the other hand, it streamlines the business process and reduces the business cost of customers and enterprises. The flattening of the decentralized management process increases the speed of transfers and realizes real-time transfers. Each node of the NGK public chain stores a complete set of data. Even if a single node is attacked, the entire system will not be affected.
Based on NGK’s blockchain payment model, traditional credit certification and bookkeeping services are completely avoided. Both institutions, entities and individuals able to realize point-to-point information transmission between receipts and payments. In addition, point-to-point transactions between NGK system nodes are confirmed through a consensus mechanism, and the results will be broadcasted to all nodes. It is no longer necessary for both parties to establish a hierarchical account agency relationship to achieve point-to-point value transmission.
The NGK distributed network system architecture able to make each node spontaneously conducts transactions and bookkeeping under the agreement, and all payment transaction activities are trackable and inquired, realizing the traceability of transactions.
The emergence of the NGK public chain has broken through the shortcomings of traditional payment, people are paying more attention to the timeliness and authenticity of payment transactions. NGK embeds trust into every transaction process through the blockchain in making all parties share transaction data and exchange value in a secure environment based on NGK; thus, greatly improving the trust value and security of the transaction market, and optimize the entire payment transaction process.
The emergence of the NGK public chain has promoted the further prosperity of global trading markets and opened an avenue to a multi-domain and multi-ecological “encrypted digital society” in the future!
