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In order to rebuild trust between consumers and merchants, promote reform of financing models and restructure global commerce, we launch IFTC (Internet FinTech Chain) for global users, which is a worldwide blockchain-based payment and clearing platform.
Based on IFTC, we have planned our visions about blockchains. We believe that blockchains will exert fundamental impacts upon many aspects of realities, ranging from commerce to data storage and other things. In view of this, we think that it is necessary to develop robust and open standards for blockchains and distributed ledgers, because this can promote the application of blockchains in mainstream commercial fields. We hope that IFTC is a blank white canvas, on which all individuals, commercial and industrial organizations are allowed to develop different blockchain applications as they wish. The purpose of IFTC protocols is restructuring of worldwide commercial systems for the purpose that their core features can be combined in any way. Under ideal conditions, solutions will be developed for programs of IFTC for data acquisition and processing using the blockchain IFTC. By virtue of these solutions, unprecedented new products and services will be provided upon decentralized consistency.