Sentinel Chain

Overview of Sentinel Chain

  • Sentinel Chain aims to empower unbanked farmers and business owners in developing countries to seize country of previously “dead capital” into fungible assets.Assets which include livestock can be tokenized using the Sentinel Chain platform, and users will be able to track and verify their ownership of these assets.
  • Sentinel Chain also has a pilot project lined up with partners CloudWell (a more detailed background on the company can be found here) and Green Delta Insurance, two Bangladeshi fintech companies which operate payment and insurance services for rural farmers.
  • Sentinel Chain, another product of InfoCorp, is a blockchain-based international B2B marketplace for cross-border financial services and is the world’s first international platform to accept the use of livestock as collateral via a consortium blockchain.
  • Sentinel Chain aims to digitalize the livestock of farmers so it will be treated as any other real-world asset (apartment, land, car, etc.), and by doing so allow farmers to be exposed to financial opportunities like loans, insurance, and more.
  • Sentinel Chain makes use of SENI (Sentinel Chain Internal Token) internally as its native token, which has a 1-to-1 conversion rate to SENC (Sentinel Chain ERC20 Token) on the public Ethereum Foundation network.
  • Sentinel Chain, a provider of banking services for unbanked populations, is using the bridge to let other projects accept its SENC coin and for other coins to be used on Sentinel Chain.
  • Sentinel Chain, a platform that is the midst of a token sale, announced last week that a vulnerability had been uncovered that exposed sensitive user info.
  • Sentinel Chain is aiming to raise 14.4 M USD, 6.4 M USD already raised via private allocation with 25% Bonus, vested over 3 months.
  • Sentinel Chain is led by an experienced, hardworking team and is backed by top VCs – Fenbushi Capital and IGlobe partners.
  • Sentinel Chain have made progress on their offchain product with a demo version of the CrossPay Mobile App and RFID Tag system.

    • Blockchain

    The chain facilitates access by offshore financial service providers to local lending companies who act as a bridge to the unbanked farmers.The Sentinal Chain will be connected to the multitude of CrossPay Blockchains.The Sentinel Chain– a blockchain designed for the purpose of creating a low-cost, cross-border financial infrastructure connecting the unbanked to a global network of financial providers.

    Network

    13 July 2018; 6pm Singapore time — Sentinel Chain and POA Network establish business and technical partnership for joint design and development of ERC20-to-ERC20 cross chain bridge that facilitates the integration of both ecosystems to extend the utility of SENC and POA20 tokens.Both networks will be fully compatible with Ethereum Protocol and support only Parity client 1.7 and later.This is a direct evolution in the world of blockchain, closing the gap between private and public blockchain implementations.

    What is a Sentinel to a developer?

    A node in the XYO network that broadcasts a signal with its location and any other requested data (such as time of day, temperature, etc).When this node is near another node and they broadcast that they are near each other, this is an interaction referred to as a bound witness.This interaction serves as a certain proof of the node’s location.

    What does the company/project do?

    Sentinel Chain aims to empower unbanked farmers and business owners in developing countries to seize country of previously “dead capital” into fungible assets.Assets such as livestock can be tokenized using the Sentinel Chain platform, and users will be able to track and verify their ownership of these assets.With the tokenization of livestock, Sentinel Chain opens up ways for users to utilize their livestock assets for insurance, loans, collateral and more, which are traditionally unavailable financial services to farmers and the like in these countries.

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    How advanced is the project?

    Sentinel Chain is working with VeChain, Maybank, Malaysia’s largest bank, and CloudWell.The team has developed a mobile app on Android for asset tracking.

    What Are Supply Chain Attacks?

    The MITRE ATT&CK framework defines supply chain attacks as a method in which “Adversaries may manipulate products or product delivery mechanisms prior to receipt by a final consumer for the purpose of data or system compromise”.MITRE provides a structured analysis of causes, effects, mechanisms and defensive strategies for supply chain compromise.

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    What are the tokens used for and how can token value appreciate?

    In order to access the Sentinel Chain platform, users will have to use SENC tokens.SENC tokens are primarily used as a medium of exchange for LCT, which is then used to make payments for services or participate in projects.No other cryptocurrencies will be utilized on the marketplace, so as the platform grows in popularity, so should the demand for the token.

    History of Sentinel Chain