Our Ethereum Smart Contracts are built on top of the Quorum blockchain. This allows Platinum Bridge to perform hundreds of transactions per second within both public and private on-chain transactions. Public transactions will act like Ethereum transactions and the private transactions will be verified within a group of membership registered known participants of the Platinum Bridge Network but the details will not be exposed.
Heres how private transactions are processed:
Source:
https://github.com/jpmorganchase/quorum-docs/blob/master/Quorum%20Whitepaper%20v0.1.pdfALL Luxury brands are still out of date within the 21st century of being able to use digital currency to transfer assets and have the ability to purchase through one swift transaction and at a much lower cost than they have currently. Platinum Bridge could save companies and customers up to 80% on their transaction fees if they switch to our smart contract and join our ecosystem.
Verification of Authenticity
Platinum Bridge will use a unique SQRC (single Micro QR Code) to authentic each product.
To create this code Platinum Bridge will take the product information for each item given by the company accompanied by a time stamp at the beginning of the manufactured process.
We will then hash the information for security and turn this information into a unique SQRC for the product. This ensures the security of the QR code as the product information will remain solely between Platinum Bridge and the company of that particular product.
We will restrict the types of devices that can read the information. Platinum Bridge will use their own wallets to verify each product for authenticity by allowing users, once registered, to scan and verify the product in question. Should the product be counterfeit the wallet will display an error message.