Q&A with Plug Chain founder on helping real traditional industries enjoy blockchain technology
There are a number of challenges for the development of blockchains in their current state. Data sources are limited, economic models have not been verified, prediction scenarios are restricted by the performance of the blockchain, and the interactions between the information itself are not communicated effectively.
Plug Chain is a high-performance public chain that aims to solve these challenges and critically improve intercommunication between public chain contracts using cross-chain technology.
Cointelegraph talked to a founder of PlugLink Funds, Joey Huang, or as he prefers to be called, Mr. Joey, about the Plug Chain objectives, solutions it can provide, and how the future of cross-chain technology can help individuals and industry.
According to Joey, the reason behind creating Plug Chain is to help real-world industries to be able to enjoy blockchain technology.
"Layer 0 blockchain is the base layer, the most basic, fundamental blockchain. The whole original idea of Plug Chain is that we are trying to make sure it is the most basic chain."
Speaking about the development of the project, Joey explains that he invented the world's first point of sale system that is able to accept cryptocurrency. “When I founded VeLab, my intention was to make sure that cryptocurrency wasn't only used for speculation. We sold 300k pieces of the machine.”
According to Joey, in its current capacity, the idea that "Blockchain will be the future for all industries is a myth. If there is no oracle network protocol for traditional business, they will not have all their data on blockchain.”
The platform aims to solve this issue and connect those interactions between different data points.
“We hope that in the future all these factories can use Plug
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