Related Concepts

SmartMall achieves decentralization through smart contracts, maximizes privacy, security and transparency, reduces the risk of single point failure, and enables every user to participate in the decision-making of the platform, thereby achieving full control of personal data and fair value distribution.

Smart Contract

A smart contract is a computer program that is automatically executed on the blockchain. It automatically triggers actions based on preset conditions without the intervention of an intermediary. It ensures that the terms of the contract cannot be tampered with and are automatically executed, making transactions more secure and transparent. For example, on the SmartMall platform, smart contracts are used to manage DApp interactions, asset transfers, and reward distribution.

Decentralization

Decentralization is a system architecture that, at its core, distributes power and decision-making to multiple independent nodes in the network rather than concentrating them in a single central institution. Taking blockchain as an example, each node holds a complete copy of the data and jointly verifies and records transactions through a consensus mechanism, ensuring the transparency, security, and censorship resistance of the system. Decentralization not only reduces the risk of single point failures and attacks, but also gives each user the opportunity to participate in system governance, achieving a truly equal and open digital economic environment.

NFT Mall

NFT Mall is a market that integrates NFT creation, trading and management, using cutting-edge technology to provide users with a decentralized digital asset trading platform. In this market, artists and developers can publish and trade NFTs, while users can also manage and increase the value of their digital collections, achieving efficient circulation and value enhancement of digital assets.

Decentralized Identity (DID)

Decentralized identity (DID) is a method of identity authentication and data management implemented through blockchain technology. It provides secure and reliable identity authentication services, allowing users to independently control their own identity information without relying on centralized institutions. DID technology can ensure the privacy and security of personal data and provide strong protection for user identity management in Web3 applications.

GameFi & SocialFi

GameFi and SocialFi are innovative applications that combine games with financial and social elements. GameFi introduces blockchain technology into the gaming field, allowing players to obtain actual digital asset benefits while enjoying game entertainment; SocialFi combines social networks with decentralized finance, allowing users to obtain economic incentives in social interactions. Such applications usually stimulate high user participation and form an active community ecology.

DAO Governance

DAO (Decentralized Autonomous Organization) governance is a decentralized governance model based on blockchain. It allows all community members who hold relevant tokens or NFTs to participate in platform decision-making and jointly manage the operation and development of the platform through voting and proposals. DAO governance embodies the spirit of "equality for all and common participation", making the decision-making process more transparent and fair, and promoting continuous innovation and development of the ecosystem.

Digital Human IP

Digital Human IP refers to the intellectual property rights of virtual characters created and managed using blockchain and digital technology. It provides a platform for display and interaction for virtual images, allowing digital humans to exist not only as virtual artworks, but also to play a role in social, entertainment, business and other fields.