ChainOptimize

Elevator Pitch: Imagine reducing the time and resources needed to execute smart contracts on blockchains by half, unlocking new possibilities for scalability and application. ChainOptimize leverages cutting-edge concurrency and scheduling techniques to revolutionize blockchain performance, making your transactions faster, cheaper, and more efficient. Join us in setting the new standard for blockchain technology.

Concept

Enhancing blockchain efficiency with concurrency and advanced transaction scheduling

Objective

To improve smart contract execution time and reduce storage requirements on blockchain systems through concurrency and optimized transaction scheduling.

Solution

Developing a blockchain middleware that implements the Active State Machine Replication (ASMR) framework with a focus on conflict graphs and graph scheduling for smart contracts, aiming to maximize parallelism in transaction execution.

Revenue Model

Subscription-based model for blockchain platforms and enterprises, transaction processing fees, and consultancy for custom implementation.

Target Market

Blockchain platforms, cryptocurrency networks, financial institutions, and large enterprises using blockchain for smart contracts and decentralized applications.

Expansion Plan

Starting with partnerships with emerging blockchain platforms, then expanding to established cryptocurrencies and financial sectors, followed by diversification into supply chain and healthcare applications.

Potential Challenges

Complexity in developing a universally compatible middleware, ensuring security and privacy compliance, and convincing blockchain networks to integrate or transition to ChainOptimize’s system.

Customer Problem

Blockchain performances are hindered by the compute and storage-intensive task of executing smart contracts, affecting transaction speeds and scalability.

Regulatory and Ethical Issues

Adhering to global blockchain regulations, ensuring data privacy, and mitigating any bias in transaction prioritization.

Disruptiveness

By fundamentally improving how smart contracts are executed and scheduled, ChainOptimize aims to significantly enhance blockchain efficiency, setting a new standard for blockchain performance.