BiiLabs is one of the pioneers of distributed ledger technology (DLT) developers with smart contract engine on top of DAG-based system which are just plain regular legal contracts, except their terms are stored on the distributed ledger and they are machine readable, enabling their automatic verification by all peers.
Based on DLT, BiiLabs is delivering the service including digital ID, ledger and settlement, micro-payment, digital forensics and many more, by providing and securing the sandbox for testing. That said, we have the ability to provide customized API.
With the distributed system, all data would be cryptographically secured on multiple nodes so that even sensitive data can be transmitted safely and soundly in a quantum-proof system.
BiiLabs enables micro- and nano-transactions to be recorded with the application of distributed ledger technology and provides developers with an innovative set of tools for IoT applications.
Elements of smart cities include smart charging, smart building, and smart mobility. However, massive facilities come with enormous costs of centralization, whether energy generation or transmission. Thus, the concept of smart energy communities is to meet self-sufficiency by the incentive called smart grids, a type of cryptocurrency, and eventually to shape into an innovative business model.
Certificates, a representative of proving an individual, have a big issue on reliability and blockchain technology can take good use of distributed ledger to create the trust ecosystem in certificates, not to mention a more efficient management in digital forms.
Supply chain managements emphasize on the transparency, authorized participations and immutable records. Therefore, DLT gets its role here to strike the trust balances in consumers, producers, transporters, retails and public institutions in contribution of the integration of global trades.
A revolutionary peer-to-peer network gets rid of transaction fees and goes further into a machine-to-machine world. In other words, machines with independent wallets could automatically make the transaction with non-humans, which means a new machine-centered business model is emerging.
Centralization in digital identity hardly work in the future with the alarming awareness of self-sovereignty. As a result, DLT would be the best alternative technology to realize online voting, medical record managements and inter-city data exchanges.
DLT could achieve the need of self-sovereignty, which indicates that users could control their personal data as well as keep the traceability of private information at will. We can foresee that there would be a new marketplace of data.
PM2.5 is a serious problem now happening every day in Taiwan and China. Therefore, the project of Location Aware Sensing System (LASS) is issued by the community. BiiLabs and NCKU DLT Lab offload the sensor data from the cloud to the DLT system. And will design the sandbox for the sensor to secure the data integrity.
"To solve the challenges for Internet of Everything".
"A hacker, a lecturer, a father"
"There is shadow, there is light."
"A man can be destroyed, but not defeated."
"A midnight coder with big, warm heart"
"Redefine the value of authentication"
"Not everything that can be counted counts, and not everything that counts can be counted. - Albert Einstein"
“Be the change you want to see in the world.” By Mahatma Gandhi.
"Playing IOTA nodes with Node.js."
Former minister at The Government of Taiwan, Founder of Lee, Tsai & Partners
Partner & Strategy Designer, Business Models Inc. Taiwan
The founding chairman of the IEEE Standard Working Group on Fog Computing and Networking Architecture Framework
Expert of data mining, web technology, mobile data management, and cloud computing.
Blockchain, according to the World Bank, is one type of distributed ledger technology (DLT) sharing synchronized transactions in respective electronic devices. Stored data into blocks and chained them together, blockchain enables data immutability by distributed record, and further building up trust in the ecosystem. For example, you played fool in the childhood and intend to deny after growing up. Everyone will hospitably remind you of the shameful memories with some incentives. That is the so-called DLT concept.
Different from Bitcoin or Ethereum, Tangle is a new type of DLT based on Directed Acyclic Graph (DAG). DAG takes topological ordering to sequencedly record transactions and utilizes the immutability of data. DAG-based DLT incorporates its values in two ways: allowing nano-payments as well as realizing free transaction. Among them, IOTA team is one of the most well-known developers for Tangle.
Use cases are possible for the very first time. Real-time streaming payment services for data and energy, immutable data history tracking for supply chains, computational resource sharing (for bandwidth, CPU, and storage) and more. BiiLabs helps enable entire new business models which were previously impossible with the legacy financial system and other Distributed Ledger Technologies built on Blockchain.
The benefits of DLT can be concluded into: efficiency, transparency, and immutability. As for energy industry, it is urgent to find a better solution to record micro-transactions as well as handle nano-payments. Therefore, DLT tends to be s promising tool for energy fields. For example, more non-mainstream players are allowed to get involved in electricity trading with better recording system.
TangleID is a secure, easy-to-use system for self-sovereign identity, built on IOTA/Tangle. An identity can be cryptographically linked to offline data stores. Each identity is capable of storing the hash of an attributed data blob, whether on Google Cloud, Azure, AWS, Dropbox, etc., which is where all data associated with that identity is securely stored.
Identities are capable of updating this file themselves, such as adding a profile photo or a friend, or they can also grant others temporary permission to read or write specific files. Since they can interact with Tangle network, TangleID identities can also control digital assets such as cryptocurrencies or other tokenized assets.