In the previous article, I introduced the basic information of SENTINEL-CHAIN ​​ICO project,point out its advantages and potential risks, in this article, I will analyze all aspects of the project in order to. demonstrate its value and the whats the difficulties it would face .

One of the earliest blockchain de-centralization techniques used in bitcoin, in short, blockchain is an encryption technology that synchronously updates public ledgers and uses distributed nodes for authentication. It can not be tampered with, time series, can not stop, and security And so on.Blockchain is especially suitable for the financial sector, asset registration, retrospective verification ,security is more important than speed.

Due to the fiery ICO and cryptocurrency markets, which have led to a flood of ICO projects, most projects have turned into misappropriated air projects or, even if not, but still superbly greedy — for example, the latest TELEGRAM has melted over $ 600 million dollars.it looks like cracy.ICO can be described as a mixture of bubbles, fraudsters and potential project, so each country’s attitude toward the blockchain is very uncertain and defensive. Singapore is the most blockchain-friendly country in the world, perhaps not one of them. Why? Because Singapore is a small country with a small burden and a quick turnaround, it seeks competitiveness and is indispensable for innovation and inclusion. In fact, it is very important for a small region such as Singapore and Hong Kong to use the blockchain to enhance its competitiveness . If the region is friendly to the blockchain, it will inevitably have the resources and funds to support it. Otherwise, the government will crack down on it，if developers do not have a stable and secure environment,it is hard to produce excellent products . In the near future, Singapore will emerge a group of outstanding blockchain project, SENTINEL-CHAIN is also a blockchain project from Singapore, we are very optimistic about its future development, and let us. know about what this project exactly is.

Sentinel-chain is committed to being a b2b loan platform that connects local lenders and livestock farmers and releases the value of dead capital such as livestock. Most small-scale livestock farmers are unbanked people,and the livestock are hard to be use as collatteral,it have prevented them from obtaining loans in traditional financial institutions and can only obtain the funds needed for their operations through usury. On the other hand, local lending companies also face the inability to obtain low-cost funds and the lack of good-quality lending targets — — — high-quality resources have been seized by large and medium-sized financial institutions. SENTINEL-CHAIN ​​came up with a clever solution to issue. two tokens depend on Ethereum, LCT tied to the local currency, avoiding. volatility of cryptocurrency, and FARMER from different regions can receiving cash in the respective area; local lenders buy SENC and convert it to LCT to inject loan funds, and then select a specific area for lending. We know that lending demand and funding are often mismatched, the main borrowing demand may come from Vietnam and Myanmar, whereas the funding is abundant in Singapore. SENTINEL-CHAIN ​​is using blockchain technology which make really global transfer to achieve the rapid allocation of funds, even SWIFT is not as good as it is. Specific illustrations are as follows:

The next is a detailed analysis of the project：

A.The market is almost blank, and the potential is huge, the number of unbanked people in Asia reach more than 400 million,this is a very large group to be developed.

Livestock have been very difficult to succeed as a collateral, certainly for a particular reason — — the identity of livestock is difficult to verify, it will leverage the power of a partner,VeChain,a blockchain company focused on traceability,use the RFID-enabled livestock identity tag to solve this problem.

Another problem,in traditonally,bad credit is better than no credit，but if they do not get the first loan, they will never have any credit history,and go on and on, which caught in an endless loop.

This is an opportunity for startups,the traditional financial opinion believes that people with good credit histories will continue to maintain their credit with a low default rate,so the big. financial institutions will not take risks,they exclude people who do not have any credit history, but on the example of Bank of Bangladesh we see that this is not the case. The default rate of the poor is amazing,“As of the end of 2017, the bank had about 2,600 branches and 9 million borrowers with a repayment rate of 99.6%. 97% of borrowers are women. The bank’s operations are active in 97% of villages in Bangladesh.The bank has issued a loan of 1.437 billion Bangladeshi taka (22.6 billion U.S. dollars), of which 1,137 billion (19.9 billion U.S. dollars) have been repaid. The repayment rate of the bank has reached 96.67%, higher than 95% announced in 1998.”(Wikipedia) In fact, I think this project draws on the experience of Bank of Bangladesh.

Traditional financial companies like to lend to large companies that are safe and easy,however, with the development of technology, the small amount of borrowing is better and the risk is dispersed. The mathematical probability determines the risk is more dispersed and random ,when you borrow a small amount of money, you have many ways to raise funds to repay the loan,it will greatly reduce the. default rate.

In some areas, interest rates are relatively high, such as borrowing rates up to 5% per month in Myanmar.I think the company’s goal is to replace these high-interest loans,by borrowing money to buy feed, farmers can sell livestock to repay the loan,this will create a healthy and sustainable loan model.

B.Reliable partners,VeChain is renowned for creating a powerful public provenance blockchain that can be used to combat counterfeit luxury goods. VeChain can help establish unchangeable identification of livestock, this is the basis for a livestock loan.

VeChain ​​is already a market-approved blockchain project, doing a lot of projects of practical value, according to COINMARKETCAP data show that the overall market value of more than 2.5 billion US dollars

MediShares is the largest online mutual insurance in China with a membership base of 10 million users,and it will supply insurance service to manage livestock risks.Livestock have to face the attacks of epidemics and natural disasters, so the involvement of insurance companies is essential to lock the risk of loss of collateral, the loan pool will not crash because of the impact of epidemics and natural disasters.

Mybank is Malaysia’s largest bank and it. can help solve the problem of financial compliance.When dealing with cross-border settlements, large-scale transfer of funds and the management of currencies in different regions are not possible without the help of financial institutions, and may even be unlawful, they all benefit from mutual assistance with Malaysia’s largest bank. They are win-win relationship,Sentinel-chain can solve many problems encountered in real business through the existing financial channels, Maybank can also explore new markets and new customers by this project.

3.Reliable and suitable founder team,the technical factor is a secondary factor in this case, operation and promotion are the key factors for the success of this project.This project use the blockchain technology to create a business ecosystem, the most important factor is the speed, to verify this model at a very fast rate, if it is feasible, quickly occupied the blank market space, because competitors will be quick imitation of you, after all, the market space is very large.

4.The value of the business model,and power of Token’s economicIn this project plan, there is one thing with high value and risk, that is CrossPay, you can call it mobile payments, blockchain payments or otherelse

five main structure:

。Livestock Identification Tag

。CrossPay Mobile Application

。CrossPay Blockchain

。Sentinel Chain

。Sentinel Chain Token

If we look at the status and value of Alipay and WeChat payments now in China, we know it contains tremendous value.But there are too many things need to do, the payment habits ,payment scenario support,it would take a lot of time and cost to build slowly, but fortunately Southeast Asia is a relatively blank market.

Many people are still unaware of the value of TOKEN’s economy. The traditional value of the company may depend on income minus the cost equals the profits. This also makes it possible for the ecology of a company to be very valuable, but its profits do not match. For example, SunSystem,the income. JAVA’s creator earn does not match its ecological size at all,and TOKEN model can be a perfect solution to this problem. All the value of ecology can be reflected in tokens,just in this case,SENC’s value will grow with the total loan demand on this platform,because if you want to join the loan pool,you must buy SENC,as the number of users and the size of loans increase, the value of tokens will increase simultaneously. The value of the entire platform will then be displayed in the form of tokens,everyone in the entire ecosystem will benefit, that is where the power of the token mode lies.