OPEN: A decentralized payment and application platform. This is a unique platform for the popularization of blockchain, offering a suite of technologies that make it easier for software developers to integrate blockchain technology. It includes several key components: Scaffolds, Scaffold Creators, and Open-States. These core technologies operate concurrently within the OPEN platform, creating a decentralized comprehensive payment method for app developers and software services. The infrastructure of OPEN combines user state-related pricing schemes with app attributes and can be ported to any blockchain capable of deploying smart contracts. It opens up a fully decentralized payment approach for application platforms.

Project Vision

OPEN is an open platform built on blockchain technology, providing a framework-free environment that offers decentralized payment processing to the applications and developers who need it most. The OPEN platform allows developers to connect blockchain payments to their software apps and integrate a decentralized payment system into their applications without having to modify their entire backend systems or understand blockchain technology. Through this platform, developers can define multiple pricing payment plans for their applications and securely and automatically connect these decentralized payment plans to their software backends.

Just as the Stripe API enables developers to "plug-and-play" and process payments in their tech stacks easily, the OPEN API enables developers to accept and process payments on the blockchain in the way their applications require. Blockchain payments for applications not only involve accepting cryptocurrencies in wallets but also updating payment information (including sales of goods/services) to their off-chain database technology stacks, verifying purchases (such as subscription services), ensuring security and validation on the blockchain, which can communicate with their existing off-chain architectures.

Project Highlights

The pain points in traditional payment methods include high transaction fees and long payment delays faced by app developers and teams with millions of downloads. Authorizing developers to seamlessly integrate their applications with blockchain is a crucial step towards mainstream adoption of cryptocurrencies, and in the market for developing blockchain applications, developers should no longer rely on traditional payment methods. Therefore, OPENs mission is to build a blockchain-based payment platform comprised of cryptocurrencies using the functionalities familiar to developers from fiat currency transactions, enabling them to better accept and use cryptocurrencies.

Globally, the Asian continent has taken the lead in app development and blockchain innovation, with active developer communities. Countries such as China, Japan, South Korea, and Singapore have large innovative industries, and there is significant interest from governments, institutions, and individuals in exploring how to advance the mainstream recognition and use of blockchain technology. During its recent participation in the Token2049 conference in Hong Kong, OPEN expressed great optimism about the prospects in Asia, particularly China, and believes that China will soon surpass the U.S. market in terms of blockchain innovation. Projects like OPEN, supported by blockchain technology, once introduced to the Chinese market, will elevate the international standards of Chinese blockchain projects and enable rapid integration between applications and blockchain technology.

As the worlds first blockchain-based payment platform dedicated to serving applications, OPEN recently entered into a strategic partnership with NEO Global Capital to jointly advance payment transformation for applications. Focusing on blockchain technology itself and aligning with the trend of technological innovation, making blockchain and digital currency industries serve various sectors, addressing industry pain points, and truly realizing market value is the correct direction for future development and a significant market opportunity identified by OPEN.

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