Waltonchain’s Ecosystem Partner East Star Group: Making Data More Realistic & Industry More Transparent
This article introduces East Star Group, the ecosystem partner of Waltonchain
Technical solutions for different industries are sparking when industries collide. The IoT and blockchain, the two different types of technology, are being integrated. Xiaomi CEO Lei Jun once said: “Even a pig can fly if it stands at the center of a whirlwind!” It means that everyone stands a chance to succeed in a favorable environment. The saying is plain but reasonable. When the reward time comes, pioneers are in a more favorable position.
Recently, the IoT concept has become well-known globally. Its scenarios such as digital home, autonomous driving, smart factory etc. have been gradually realized in real life.
IOTE 2019 (International Internet of Things Expo 2019) has exhibited the complete industry chain of China’s Internet of Things, covering the sensing layer (MEMS, RFID, smart card, sensor, barcode, biometric and video recognition), the network transmission layer (NB-IoT, LoRa, 2G/3G/4G/5G, eSIM, ZigBee, Bluetooth, GPRS, WIFI, UWB, Z-wave), the computing and platform layer (cloud computing, cloud platforms, big data, data security, AI) and the application layer (real-time precision positioning, smart retail, unmanned sales, Industry 4.0, smart logistics, smart city, and smart home).
The IoT is not abstract but practical. Actually, it is the integration of big data. It focuses on terminal data collection, smart platform aggregation and data processing to ultimately form a big data array that helps entrepreneurs make more effective decisions.
With the continuous development of scenario technologies, the IoT is accelerating the empowerment of traditional industries.
In traditional areas like clothing, medical care, logistics, transportation, warehousing and supply chain, data sharing drives are gradually generating new service models and business opportunities.
However, there are many challenges in the face of the current development of the IoT. They involve the cost of R&D and application of related chips, devices and systems.
Moreover, there are many difficulties in uploading, authentication, storage and circulation of virtual data, including effective uploading authentication, tamper prevention, centralized storage risks and data sharing possibilities in the process of data collection.
Many companies are also thinking about a way to introduce blockchain technology to data terminals to ensure openness, transparency and immutability of data.
Currently, there is no large-scale application of the IoT; there is still a long and tortuous way for the development of the IoT industry. Such a rising industry naturally is a battleground for enterprises. Entrepreneurs understand that a bet on the future will get long-term success. Numerous listed companies prepare the layout for the IoT industry.
A few years ago, the animal husbandry leader Wens Group tried to improve the smart management of pig farms and improve breeding efficiency through the IoT technology.
East Star Group, the ecosystem partner of Waltonchain, is also preparing such layout; and many of its holding companies are developing IoT-related software and hardware technologies to build an ecosystem.
Values of East Star Group
The vision of East Star Group is to incubate a unicorn enterprise so as to promote the development of transparent and credible society through technical means and make all data immutable.
Is this too abstract? Let’s talk some concrete practical business.
East Star Group is a technology enterprise focusing on chip research and development, manufacturing, application and investment. It is the global leader in Blockchain + the IoT.
Based on the research, development and application of chip and blockchain technologies, East Star cultivates deeply its own business scope and provides customers with technical applied solutions covering clothing, retail, food, logistics, smart cities and other areas. East Star also actively participates in the investment and management of digital assets, private equity funds and industrial M&A funds.
With respect to specific businesses, East Star promotes blockchain technology to create an authentic, trusted and traceable business model with shared data and transparent information, and establish its own IoT ecosystem.
Currently, the Group subsidiaries have developed a variety of information-acquisition-related chips, including dual-frequency RFID chips, biometric recognition chips and other sensor chips providing a secure interface to introduce not only physical assets, but also humans, animals and plants to blockchain.
Silictec, a subsidiary of East Star Group, provides blockchain technical support to Waltonchain in the realm of data terminals.
Hardware collects front-end physical information, processes it into data and rapidly records it to blockchain. The distributed ledger technology of blockchain ensures openness, transparency, immutability and real-time query of data on the chain during circulation and efficiently solves data trust and rights issues in the virtual world.
Currently, East Star mainly focuses on cooperation with traditional Internet enterprises and enterprises with the Internet and big data at their core to realize rapid technical application through multi-interface data recording on blockchain.
The Group also invested in some IoT-related companies such as Skynovo and Huodull to expand the IoT industry ecology layout.
Application Case:
Smart Agricultural Base in Sheyang, Jiangsu Province, China
Traditional agricultural companies generally do not have their own hardware systems or such systems are weak. East Star subsidiaries can provide partners with an integrated software-hardware system instead of simple software level transformation.
The subsidiaries provide partners with a complete RFID system and related devices. When transmitting data to the central server, the system simultaneously extracts data fingerprints and records them on blockchain. Since the data and its fingerprint are in one-to-one correspondence, the fingerprint cannot match the data if the data is tampered.
At present, cameras and agricultural monitoring sensors have been deployed at the agricultural base in Sheyang. The system has been put into operation and key monitoring data and video screenshot images have been endorsed on the blockchain of the ecosystem partner Waltonchain.
Huge Demand on Data Market
In reality, many traditional companies in the manufacturing industry need to monitor various data. For clothing, it is production, warehousing, logistics and sales data.
Besides traditional enterprises, many industries have demand for data services. In the pharmaceutical industry, the government has strict data requirements for storage and transportation of medical products. This data may not be tampered with. For example, the storage temperature of some drugs must be below –5 °, and the pressure shall not be higher than the specified value.
If the government needs to analyze data of some enterprise, it often needs third-party endorsement. For example, when the Industry and Commerce Bureau audits account information of a company and suspects that the account information is fake, it extracts related data and seeks for a public blockchain (such as Waltonchain) as a third party for data endorsement and requires the company to provide blockchain data report to prove its data authenticity.
In the future, each industry will have demand for integrity, openness, transparency and data immutability. Data recording on blockchain will become a trend. If you dare not record data on blockchain, you are not an honest company, as you dare not show that your data is not tampered with.
There is a huge market space for promoting data authenticity. East Star Group will make every effort to promote the related business development with its ecosystem partner Waltonchain.
The more authentic is data and the more transparent are industries, the naturally better is social development. Only on this basis can we build an honest and transparent society. Achieving a transparent society is the core value of East Star Group too.
Organization Structure of East Star Group
East Star Group Subsidiaries
I. Silicon (Shenzhen) Electronic Technology Co., Ltd.
Silicon (Shenzhen) Electronic Technology Co., Ltd. (Silictec) is the world’s leading IC chip R&D company providing Blockchain + IoT system solutions, as well as research and development of related supporting chips, modules, sensors and terminals.
Founded in 2014, the company has more than 300 employees and is headquartered in Nanshan Science and Technology Park, Shenzhen.
R&D strength: 190 R&D employees, 60% of which have a master’s degree or above.
The company signed an industry-university-research cooperation agreement with Huaqiao University and Sun Yat-sen University to establish a training base and a joint laboratory for majors in integrated circuit and communication engineering.
Currently, major products developed by Silictec include: IR receiver chip, RFID tag chip and reader-writer MCU chip, RFID-based warehouse inventory / smart store / anti-counterfeiting / traceability solutions, smart agricultural data collection system, as well as main control modules of the related equipment, KIRINMINER chip, core dashboard of distributed rendering device and the device itself.
Major customers for IR receiver chip include ZTE & Skyworth.
Silictec has 51 technical patents, 5 layout designs, 33 inventions, 10 utility models, 3 appearance designs and 13 items of software copyright.
Subsidiaries of Silictec:
1. Xiamen Silicon Electronic Technology Co., Ltd.: China’s leading IR chip R&D company producing a full range of IR decoder chips.
2. Quanzhou Silicon Electronic Technology Co., Ltd.: China’s leading blockchain hardware system and related solution provider. The main products include an all-in-one new-generation smart shoe solution, smart agricultural cultivation system and supporting equipment, RFID system solutions, voice intercom core chips (future core product) and modules.
3. Nanjing Sleewa Information Technology Co., Ltd.: China’s leading blockchain basic software R&D company. The core products include Waltonchain mainnet and interfaces and Waltonchain clients (multiple operating systems).
4. Yiwan Site (Shenzhen) Technology Co., Ltd.: China’s leading blockchain software solution provider.
Companies where Silictec holds shares:
1. Quanzhou Kediheng Electronic Technology Co., Ltd.: mainly focuses on private network communication, system solutions and other communication services. Currently, Kediheng owns more than 10 scientific achievements and core technologies with independent intellectual property rights in private network communication.
2. Subsidiaries of Xiamen East Star Xiye Technology Co., Ltd.:
1) Xiamen IOT Technology Co., Ltd.: expert in IoT RFID data collection, adopts RFID and blockchain to product manufacturing, logistics, warehousing and sales to create a trusted product traceability platform.
2) Xiamen CITYLINK Technology Co., Ltd.: expert in IoT communication, mainly develops NB-IoT, LoRa and 5G communication modules and devices. It uses NB, LoRa, 5G and blockchain to develop solutions for smart sanitation, smart environmental protection, and smart environment monitoring.
II. Shenzhen Wovochain Technology Co., Ltd.
Wovochain aims to be the global leading blockchain project incubator and integrated blockchain transformation solution provider for traditional enterprises.
The major products include feasibility assessment and services for enterprise Blockchain+ transformation, business mode optimization, transformation program guidance, competitive strategy preparation, brand creation and coaching, university cooperation laboratories, blockchain institutes, operations academy, and blockchain media and we-media.
III. Shenzhen East Star Investment Management Co., Ltd.
East Star Investment was established in 2017. As a professional asset management company, it aims at incubating global top blockchain projects and invests in Chinese scientific companies with high potential.
Subsidiary: Xiamen East Star Ginkgo Investment Co., Ltd.:
Xiamen Ginkgo Blossom First Investment Partnership Enterprise (limited partnership)
Xiamen Ginkgo Fragrance Second Investment Partnership Enterprise (limited partnership)
Shareholders in the following projects: Hunan Xiaomeng Technology Co., Ltd., Shenzhen Milin Media Co., Ltd., Xiamen Zhengying VR Technology Co., Ltd., Huodull (Xiamen) Technology Co., Ltd., Fujian Skynovo IoT Technology Co., Ltd., Hangzhou Proginn Network Technology Co., Ltd., Shenzhen Soulian Technology Co., Ltd.
Other Companies
Walton Chain Technology Co., Ltd. (Korea): a famous comprehensive blockchain service provider in South Korea. The major business and products include promotion of Waltonchain and its child chains in South Korea, blockchain project implementation, China-Korea blockchain technology exchange, education & training, exhibition hosting, promotion and implementation of quality Korean blockchain projects in China etc. It is also responsible for investment promotion of the Korean offices of Jiangsu Province China-Korea Yancheng New Energy Automobile Industrial Park and Jinhu County, Jiangsu Province.
Waltonchain Brazil: provides Blockchain + IoT solutions, hosts China-Brazil blockchain technology exchanges and exhibitions, and China-Brazil project cooperation (incubation outsourcing, strategic cooperation).
Korea Blockchain Institute (previously: Walton Blockchain Institute): established in 2018, the only non-profit organization for blockchain education recognized by the Ministry of Science and ICT of South Korea. The institute reached exclusive strategic cooperation with Korean Standards Association (KSA) on the development and issuance of Blockchain Expert qualification certificates. From 2018 to 2021, the Institute will carry out the Industry 4.0 Professional Training project for blockchain talents in South Korea.
