During Consensus in NYC last week, Zhuling Chen, co-founder and COO of aelf, presented his company’s vision of creating a new “cloud operating system, that seeks to operate as a central hub for all Blockchains. This “central business district” for Blockchains, that incorporates both Bitcoin and Ethereum, wants to be foundational for new types of “cross-chain” enterprise applications.
Backed with over $5 million in funding, ælf (originally known as Grid) is a decentralized Cloud Computing Blockchain Network, featuring parallel processing and nodes clustering to enable scaling, multi-chain structure to cope with various business scenarios, and well-governed mechanism to incentivize the self-evolution of the ecosystem.
aelf has defined four milestones with an official launch with business scenarios scheduled for the beginning of 2019.
aelf says it will be able to create smart contracts that can perform its task at high speed and without interfering with each other. Public chains and private chains can co-exist and it expects to bridge the gap between technical capability and commercial requirements.