1eco Chain is built on Ethereum (ERC20-based) to optimize as the most suitable structure for the 1eco ecosystem. It is based on a Smart contract for 1eco governance coin and 1peco utility coin to interact with each other. And a DID(Decentralized IDentity) to prove and manage participants in 1eco ecosystem on Hyperledger Indy. Also, 1ecoChain is an open platform that considers the possibility of connections with multiple blockchain networks such as Ethereum-based Utilicoin, BSC-based utility coins, and NFT, which are scheduled to be used in various services to be launched in the future.
1eco Chain implements actual economic activities of users in an Interverse provided by the 1eco ecosystem. To this end, we provide distributed identity certification (DID), contract and transaction (Smart Contract), wallet by subject, crypto-based settlement and payment (Payment Gateway), MyData, Ethereum (ERC-721), and non-alternative digital asset issuance (NFT) and transaction functions.
The 2FA(2 Factor authentication) by Google will be used in the early stage of 1eco ecosystem but DID will be applied when the rights become available. DID is used as an essential authentication method for users to engage in various economic and business activities within the 1eco ecosystem.
DID based on Hyperledger Indy is essential and integrated for the authentication method of users (individuals, organizations, and operators). DID will be issued and saved for users at the initial authentication for a certain service, then users will no longer need an additional authentication for other services. Moreover, DID will be used for authentication for integrated management of wallets to reserve multiple coins and NFT to be added in the future in 1eco ecosystem.
In the 1eco Chain, the DID (Decentralized Identifier) including various authentication methods will be used to distinguish Non-Fungible Tokens (NFTs) in user economic activities within the 1eco ecosystem. It develops into a digital asset-ization by converting economic activities into data according to each user's life cycle.