THE MOTIVATION AND STORY BEHIND PLUG CHAIN

PlugChain
3 min readAug 26, 2021

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There exists quite a large number of companies catering to blockchain and crypto transactions. This is even now more so with the rise in the use of cryptocurrencies in different parts of the world and the existence of virtual communities. Hence, it begs the question of what Plug Chain brings to the table as an entity and as a venture.

Unlike most of the companies existing already, in the world of digital monetisation of resources, Plug Chain exists to cater to a specific need and solve a particular problem. The simple purpose of Plug Chain is to meet the need in the market in terms of cross chain interactions and transactions on multiple chains. Most of the technologies around blockchains in existence are built to cater only to themselves. This creates a closed door system without linkage and data exchange. The world is going global and open and businesses are now interacting more and even more in the virtual space. In other words, it is only a matter of time before businesses try to interact more and exchange data on the blockchain network. Plug Chain is being proactive in creating a solution and driving innovation even further.

Through the creation of a means for data interaction and a digital ecosystems that allow for cross interaction, Plug Chain can create an even bigger turn around for crypto users, blockchain adopters and traditional business owners to plug in and leverage on the blockchain system. With Plug Chain’s creation of a digital ecosystem of sorts, more and more businesses, governmental bodies, SMEs and corporations solve basic data issues that they struggle with and focus more on building their products, work efficiency, customer loyalty and business structure, to mention but a few.

The future of finance is largely virtual and would certainly get more digital with time. We might have a future that will feature smart contracts, digital finance, finance coding and a host of other growths in the business system. With the idea of decentralisation through Plug Chain, more people can plug into the ideas of the future so as to profit maximally and put their business in the forefront of the innovative creations that will change how money and finance are seen today. Plug Chain offers cross chain capabilities, high scalability, multiple computation capability, uploading; conversion and communication of data, the ability to service users using other blockchain. It will greatly help with data exchange and seamless transportation of data from one system to the other in the case of a change in environment or a development in business without the rigorous stress of searching for important data, inputting it from scratch and uploading it all over again.

In sum, the world is currently going through the phase of the IoT, that is, the Internet of Things, where things can communicate with each other using stored data. Plug Chain is looking at a future where it is not just things that communicate but data itself.

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PlugChain

PlugChain takes the aggregated cross-chain oracle protocol as the core, integrates the advantages of high performance, high expansion, low gas!