Introduction to e-Coins
Transforming Data from a “Storage Resource” into a “Tradable Asset”
Introduction to e-Coins
e-Coin is a virtual currency generated by the Digital Finance Platform (DGP) based on data storage and rights confirmation from the Digital Vault (DVT); it serves as the core certificate for the assetization of data. Based on the 3TB of user data in the Data Vault, the SHA algorithm—which shares the same origin as the data verification process—is used to perform a global hash calculation on this 3TB data set, generating a unique and tamper-proof hash value. After blockchain nodes verify, through a consensus mechanism, that the ownership of the 3TB of data corresponding to the hash value is clear and that its storage complies with regulations, they will automatically execute the predefined smart contract code to achieve digital evidence preservation and generate the corresponding E-Coins.
Core Logic Behind e-Coin Generation
In the Digital Vault, the 3TB of data stored by users will undergo hash-based ownership verification and smart contract generation. After the data is stored in the user’s dedicated 3TB space, a global hash calculation is performed on the data to generate a unique, tamper-proof hash value. The hash value is then bound to the user’s identity to complete evidence registration on the SCC, and corresponding virtual currency (E-coins) is generated in accordance with the contract rules. Throughout this process, the hash value serves as the unique anchor point linking the 3TB of data to the E-coins.
