With the constant deepening of globalization, and the further emergence of blockchain, big data and other technologies, payment channel also ripens gradually. Nowadays, the blockchain market continues developing, global “blockchain +” innovation mode is developing rapidly, and digital currency is also chased by many people. In the payment field, with the promotion of digital currency popularity and the increase of currency application, higher and higher demands are proposed to payment, and the transaction frequency and scale in the future will far exceed the current level.
Please Note: This is a Press Release
When the blockchain industry enters deep integration stage, it focuses on implementation and application. Besides, as blockchain combines with more and more industries, the development pattern based on private blockchain starts suffering from more and more challenges, and the public blockchain focusing on open-sourcing, opening and ecology will become main development direction in the future.
GST is a safe, transparent and professional decentralized business application platform, where a new public blockchain ecosystem for payment is built based on the blockchain as carrier. The occurrence of GST breaks through the traditional payment method so that people can pay more attention to the timeliness and the authenticity of payment transaction. Nowadays, the blockchain technology is booming, GST will create a distributed decentralized book system to achieve the free circulation of information and value among them, and acts as a value circulation carrier among different systems.
GST has a profound understanding and actual operation experience in the payment industry to meet the basic payment function and solution of large-scale commercial application, such as wallet payment, cross-border acceptance, enterprise capital collection, multistage distribution, company collection, etc., and comprehensively supports various encrypted currency payments which are freely selected by consumers and merchants. GST’s decentralized based network and operation and governance network, including dispute arbitration, trusteeship, credit scores, risk control anti-fraud, clearing and settlement, etc., will greatly improve the operational efficiency and reduce the operating cost.
GST also serves more new fields such as medical care, IP authorization, education, Internet of Things, sharing economy, etc. in addition to basic business. In the future, GST will continuously cooperate with various financial institutions and industrial entities to jointly construct the multi-field application ecology of “blockchain ＋ wallet ＋ game ＋ financing ＋debit-credit ＋ regular investment ＋ shopping mall ＋ traceability ＋ marketing” and to achieve the seamless connection of digital currency and entity world, so that the users’ digital currency can be applied in various transaction consumption scenes, truly activating the digital assets of users.
GST also creatively integrates the AI so that the business model is more flexible, user experience is more convenient and merchant access cost is cheaper. After integrating AI, GST owns more convenient operating system and adds to the cloud computing big data core sector so that data can have faster processing, with over million TPS and block can be confirmed within 3s. Besides, GST owns professional risk control team and security transaction system established based on AI, which lays a foundation to payment network. Based on that, the DAPP and application systems are gradually developed and accessed to the finance industry, big data industry, entertainment industry, manufacturing industry, traditional commerce, etc.
GST will constantly expand the industry boundary and give full play to the advantages of “immediate service after payment” mode to establish a new payment ecology with application service as main feature. GST gathers users in different social contact forms, records user data and transaction information in decentralized account, stores contents released by users in distributed database, and provides developers with open platform so that they can develop blockchain application more conveniently, or accesses the existing application to provide users with all-around payment service, and leads digital asset to social contact network structure to form social contact network economic entity, so that the participants in the social contact ecosystem can get incomes and returns.
In addition, GST is carrying out the GSTswap project. GSTswap is the completely-decentralized digital currency conversion platform developed based on GST bottom. GSTswap’s conversion, market-making capital pool, transaction peer-to-peer function creation are achieved through smart contract. Every transaction is based on the wallet account and implements the contract signature verification. Hence, every transaction record can be found on the chain; The market-making is free from the amount threshold. Everyone can participate in and can get benefit from it.
With the constant perfection of the blockchain as the popular emerging technology at the present stage, global internet-based companies also join. The concept of blockchain ＋ payment also develops and grows at the unprecedented speed, and silently penetrates in the life of every ordinary people. The integrated application of blockchain technology plays an important role in new technological innovation and industry transformation. GST starts from application scene to bring new development direction to digital payment industry with fin-tech as banner.
