Technology
Précis architecture
Blockchain is the supporting layer, with the smart contract and token enabled. On top of that, the service module, market module, and governance module are defined as smart contracts in the blockchain. These modules can be executed and monitored in a decentralized way.
Application interface on top of the blockchain will be provided for actual applications such as drone auto-pilot, autonomous driving, etc. Entities such as user, service provider, and base station interact with the application interface to perform blockchain operations.
Précis Blockchain setup
Précis network is built as an independent public blockchain. However, the Précis blockchain will also peg into another public chain for added security. A good candidate is a public blockchain with smart contract support. Before the Précis blockchain is ready and running, the Précis token is created as an ERC20 smart contract inside the target blockchain. Précis blockchain will be a public chain solution with multi-layer architecture focusing on real applications.
Précis will operate on its independent blockchain system. Précis blockchain will utilize customized consensus protocol to provide fast processing power and support a large number of consensus nodes. It will also adopt the two-layer architecture to enable scalability.
Fast processing
Multi-layer support
High TPS
Heterogeneous p2p
Whitepaper
[Abstract]
Location-aware IOT device or mobile device plays a vital role in many of its applications, whose market is expected to reach a value of USD 1,386.06 billion by 2026 from USD 761.4 billion in 2020 at a CAGR of 10.53%. Using blockchain technology to secure elements of a location service infrastructure, we can invite a community of business partners to leverage Précis as the platform to build out the most extensive RTK network and provide centimeter-accurate location service while enjoying the economy of scale in cost, reliability, and accuracy.
Précis Network Whitepaper
April 2021
PDF | DOWNLOAD
Technology
Précis architecture
Blockchain is the supporting layer, with the smart contract and token enabled. On top of that, the service module, market module, and governance module are defined as smart contracts in the blockchain. These modules can be executed and monitored in a decentralized way.
Application interface on top of the blockchain will be provided for actual applications such as drone auto-pilot, autonomous driving, etc. Entities such as user, service provider, and base station interact with the application interface to perform blockchain operations.
Précis Blockchain setup
Précis network is built as an independent public blockchain. However, the Précis blockchain will also peg into another public chain for added security. A good candidate is a public blockchain with smart contract support. Before the Précis blockchain is ready and running, the Précis token is created as an ERC20 smart contract inside the target blockchain. Précis blockchain will be a public chain solution with multi-layer architecture focusing on real applications.
Précis will operate on its independent blockchain system. Précis blockchain will utilize customized consensus protocol to provide fast processing power and support a large number of consensus nodes. It will also adopt the two-layer architecture to enable scalability.
Fast processing
Multi-layer support
High TPS
Heterogeneous p2p
Whitepaper
[Abstract]
Location-aware IOT device or mobile device plays a vital role in many of its applications, whose market is expected to reach a value of USD 1,386.06 billion by 2026 from USD 761.4 billion in 2020 at a CAGR of 10.53%. Using blockchain technology to secure elements of a location service infrastructure, we can invite a community of business partners to leverage Précis as the platform to build out the most extensive RTK network and provide centimeter-accurate location service while enjoying the economy of scale in cost, reliability, and accuracy.
Précis Network Whitepaper
April 2021
PDF | DOWNLOAD
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