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Contents

Chapter 1 ETBC Introduction 3..........................................................1.0 ETBC Goals 3.............................................................................................................

1.1 Digital Assets 3...........................................................................................................

1.2 Digital Identity 4..........................................................................................................

1.3 Corporate Financing 4...............................................................................................

Chapter 2 ETBC Application Schema 5.............................................2.1 Smart Contract 5.........................................................................................................

2.3 Modern Exchange (ETBC Platform) 6........................................................................

2.5 Application of ETBC in other fields 7..........................................................................

2.6 Application and Ecology 7...........................................................................................

Chapter 3 ETBC Operation Plan 8......................................................3.0 ETBC Development History and Plan 8......................................................................

3.1 The use and distribution of funds 8.............................................................................

3.2 Distribution of ETBC 8................................................................................................

3.3 Governance mechanism 9..........................................................................................

3.4 Smart contract system：ETBC-CC 9..........................................................................

3.5 Cross-chain interoperability protocol: ETBC-X 9........................................................

3.6 Distributed Storage Protocol: ETBC-FS 10.................................................................

3.7 Anti-quantum cryptography mechanism: ETBC-QS 10...............................................

3.8 Summary 10................................................................................................................

Disclaimer 11..........................................................................................

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Chapter 1 ETBC Introduction

1.0 ETBC GoalsConnecting Global Enterprises,Creating Smart Business Economic IntegrationETBC is a distributed network that uses the technology of blockchain and the unique identity of the enterprise to digitize the enterprise and use smart contracts to automate the management of digital enterprises and realize the “smart enterprise economy”.

+ + =

1.1 Digital Assets

Digital assets are programmable assets that exist in the form of electronic data. The use of blockchain technology to achieve asset digital decentralization, mediation, trust-free, traceable, highly transparent and so on. ETBC supports multiple digital assets at the bottom level, users can register their own assets on ETBC, freely trade and transfer, and resolve the mapping relationship with physical assets through digital identities. The assets registered by users through a compliant digital identity are protected by law.

There are two forms of digital assets in ETBC: global assets and contract assets. Global assets can be recorded in the system space and can be recognized by all smart contracts and clients; contract assets are recorded in the smart contract's private storage area and need to be recognized by the clients that are compatible with the smart contract. Contract assets can be referenced to some agreed standard, thus achieving compatibility with most clients.

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Corporate Assets

Corporate Digital Identity

Smart Contracts

Global Smart New Economies

1.2 Digital Identity Digital identity refers to the identity information of individuals,

organizations, and things that exist in the form of electronic data. The current mature digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard. In ETBC,

we will implement a set of X.509-compliant digital identity standards. This set of digital identity standards, in addition to the X.509-compliant hierarchical certificate issuance model, will also support the Web Of Trust peer-to-peer certificate issuance model. And through the multi-factor authentication such as face, fingerprint, voice, and SMS, the real identity comparison between the issuance phase

and the use phase is achieved. At the same time, the blockchain will be used in place of the OCSP protocol to manage and record X.509's list of revoked certificate CRLs.

1.3 Corporate Financing

The Ether Block Chain (ETBC) can be used for equity/product/business project crowdfunding. Companies that have init iated equity/product/business project crowdfunding can complete fundraising through various crowdfunding platforms or new era exchanges. However, in the process, ETBC's non-deterrable features can be used to store publicly fundraising documents in the ETBC blockchain. certificate. After the crowdfunding is completed, the company can use the tokens (newly born digital assets) produced by the ETBC blockchain to register the equity/product/commercial projects, and distribute equity/product/commercial project shares to numerous investors. A tedious paperwork and offline manual. The equity/product/commercial project share on the ETBC

blockchain is a liquid asset that users can trade peer-to-peer through New Times exchanges or e-wallets (ETBC wallets or third-party e-purses such as imtoken). Other eligible trading venues/platforms can also be connected to ETBC to provide non-listed company equity/product/commercial project trading services. With the New Times Exchange (ETBC), startups have obtained market valuations, liquidity of equity/products/commercial projects, and users have obtained an exit mechanism, which has solved the narrow pain points of crowdfunding projects.

In addition, ETBC can also facilitate crowdfunding management. In recent years, all countries have issued relevant regulations for crowdfunding projects. In these regulations, the investor’s eligibility, investment limits, etc. will be specified. For example, the JOBS Act Title III of the United States, which came into effect in April 2016, stipulates that the maximum amount of investment for a single investor in an annual crowdfunding project should not exceed $100,000. Through ETBC, it is easy for the supervisor to control the total amount.

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Chapter 2 ETBC Application Schema

2.1 Smart Contract The ETBC is not a currency. It is a contract between the company and investors.As an emerging, highly volatile asset, the Ether Block Chain differs from the mainstream digital currency in that its main function is no longer used as a single currency function, but rather as a new credit hub, for example. Smart contracts that are currently widely available.Smart contract is considered as another popular technology using blockchain technology. It is an extension of digital assets. It can attribute the activities performed in the blockchain to the most basic form, enabling more people to own the block. chain.

The smart contract is an automatic guarantee account from the user's point of view. When certain conditions are met, the program will release and transfer assets. Smart contracts are technically a kind of web server. However, these servers are not set up on the Internet using IP addresses, but are set up on the blockchain. This allows you to run specific contract procedures on it. But unlike web servers, everyone can see smart contracts because the codes and status of these smart contracts are on the blockchain. From an investment point of view, the practical design of smart contracts is beneficial to all investors. In addition to helping to eliminate intermediaries, smart contracts also provide greater convenience for all investors involved in token markets and digital currencies.

When companies enter into smart contracts with investors, rather than the complicated contract terms and written rules of a written contract. Smart contracts, combined with time or conditions, trigger the contract as soon as it is triggered by the conditions agreed upon in the smart contract. If the parties do not meet the conditions of the smart contract, there will be no change. Smart contracts create a logic-based structure that effectively eliminates the need for middlemen for most transactions. The parties reached an agreement through the contract. The contract played the role of an arbiter and monitored the transaction from beginning to end.

Blockchain technology has brought us a decentralized, irreproducible, and highly reliable system. In this environment, smart contracts come in handy. ETBC has an independent smart contract system: ETBC Control Center - ETBC-CC for short.

The biggest feature of the ETBC-CC smart contract system is the seamless integration with the existing developer ecosystem. Developers can develop, debug, and compile smart contracts in a familiar IDE environment (Visual Studio, Eclipse, etc.) without learning a new programming language, using mainstream programming languages such as C# and Java. ETBC-CC's universal commercial lightweight virtual machine ETBC-CC-VM is highly deterministic, highly concurr- ent, and highly scalable. The ETBC-CC smart contract system enables millions of developers worldwide to rapidly develop smart contracts. ETBC-CC will have a separate white paper describing the implementation details.

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2.2 Smart Corporate New Economyn the real world, companies, websites, and governments will customize assets and services to various values—money. Intelligent electronic transactions and commodity trading services have a close relationship in our daily lives. The transaction is one of the important pillars of the modern economy. We are on the verge of a new type of economy. This new economy can be achieved through existing technologies. By then, products, assets, services, and contracts can be digitized and moved electronically. Buyers and sellers will be able to trade through smart contracts for cryptocurrency transactions.

2.3 Modern Exchange (ETBC Platform) The Modern Exchange will assemble world-wide digital enterprise elites and use existing technologies and experience to assist qualified companies worldwide to issue their own digital assets with their existing assets to achieve financing goals. . “Ether Block Chain (ETBC)" will become the macro property on the blockchain, in which we will manage currency, corporate and other types of digital assets.

The tokens that Modern Exchange helps companies to issue will be stored in ERC20-compatible wallets. Buyers and sellers can trade through Modern Exchanges. Buyers can use the existing ETBC to conduct transactions with sellers. In other words, once you have successfully acquired ETBC, you will be able to obtain the same value of blockchain assets that were provided by the Modern Exchange. You can think of the exchange as a "mini Nasdaq", but we are essentially selling your own tokens for other corporate/commercial projects.Since our blockchain assets are traded using ETBC, if you want to realise your blockchain assets, you only need to sell all your assets, purchase ETBCs, and convert them into legal currencies according to real-time exchange rates through ETBC exchanges. Of course you can also convert it to BTC, ETH and transfer it to your wallet.

Through the Modern Exchange of ETBC, we can manage the new encrypted digital assets and encrypted assets business and create a new social network. It is committed to marketing the best products/companies. It can not only bring value to the financial sector, but also bring benefits to the community. With the listing of different types of companies/products, we will find an interesting phenomenon: the confirmation of market value. By creating a market with thousands or even millions of different types of contracts and a large number of active bidders, we can form a new understanding of public data, which will have an impact on many areas. Our goal is to closely monitor the data and use the data to assist ETBC in its development and provide you with better investment, value added and services.

2.4 ETBC SchemaThe ETBC is the main internal encrypted digital unit applied for payment by ETBC. The main currency is developed on the Ethereum blockchain according to the ERC20 standard, ensuring full compatibility with other projects and meeting standards.

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The total supply of the ETBC is limited and does not exceed 1 billion (or less, depending on the distribution of reward tokens during the initial issue of tokens). All ETBCs will be created in the first issue token.

2.5 Application of ETBC in other fields

The ETBC service is an independent platform, which is why it provides more services for users than ordinary platforms. Our services are of a transactional nature, and their economic basis is derived from the services provided by ETBC using several intellectual assets, corporate assets, online platforms, online stores, social networks, forums, and other third-party websites.

2.6 Application and Ecology Ecology is the vitality of open source community projects. In order to realize the goal of the intelligent economic network, ETBC will devote itself to developing the ecology of developers, providing mature development tools, perfecting development documents, organizing education and training activities, and providing financial support. We plan to support the following ETBC-based applications and ecology, and reward the design for improving and enhancing the experience:

🔹  Node program• Full-featured PC full-node program• Better experience of PC light node programs• Provides Web/Android/iOS clients that do not need to sync blockchains• Hardware Wallet

🔹  Blockchain browser

🔹  SDK Development Kit• Supports Java/Kotlin, .NET C#/VB, JavaScript/Typescript, Python, Go

🔹  Smart Contract Compiler and IDE Plugin• C# / VB.Net / F#，Visual Studio• Java / Kotlin，Eclipse• C / C++ / GO• JavaScript / TypeScript• Python / Ruby

🔹  Decentralized application• Smart Fund• AI-assisted legal smart contract• Automated token mobility provider• Decentralized Exchange• Secure communication protocol• Data Exchange Market• IP Market• Forecast market• Computing market

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Chapter 3 ETBC Operation Plan

3.0 ETBC Development History and Plan Year 2017 2017 Q1 — Integrate Team Improvement Concept.2017 Q2 — Development of Ethernet (ETBC) Platform. 2017 Q3 — ETBC Ecosystem, Smart Contract Development. Second half of 2017 — Integrated asset assessment team, ETBC open source work. December 2017 — Developing an ETBC Wallet.

Year 20182018 Q1 — Release of ETBC White Paper. First half of 2018 — Private Equity Chain (ETBC) and on-line New Era Exchange.

August 2018 — Open Source Release of the Ethernet Chain (ETBC).

2018 Q3 — Global regional promotion, strengthening the cooperation of regional agents.

2018 Q4 — Blockchain assets expected to be distributed in 10-50 eligible corporate/ personal/commercial projects.

Year 2019Expected to issue blockchain assets for 50 or more eligible corporate/ personal/ commercial projects and expandability development.

3.1 The use and distribution of funds • Development —— 8%• Marketing and PR —— 70%• Legal counsel —— 3%• Business Development and Network —— 7%• Reserves —— 7%• First token issuing fee —— 5%

3.2 Distribution of ETBC ETBC's 1 Billion Management Token Divided into Three Parts

The first part: 300 million copies of ETBC are used to distribute supporters for the development of crowdfunding by ETBC in proportions and in proportion. This part has been distributed.

The second part of the 400 million copies is managed by the ETBC Board to support the long-term development, operation, maintenance, and ecological development of the ETBC network. This

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section of ETBC is in a lock-in period and can be unlocked after ETBC's online transaction on June 28, 2018. This part of ETBC is used for long-term support of ETBC projects and is planned to be distributed as follows:

🔹 30 million copies (3% of total) used to motivate ETBC developers and ETBC board members.🔹 50 million copies (5% of total) used to motivate ETBC eco-developers🔹 300 million copies (30% of the total amount) are used for cross-investment in other blockchain projects. The tokens obtained are attributed to the ETBC Board and used only for ETBC projects.🔹 20 million copies (2% in total) for mobile use.🔹 ETBC used every year should not exceed 20 million in principle.The third part of the 300 million copies was awarded as a reward, distributed by supporters and network provider nodes that supported the long-term development, operation and maintenance, and ecological development of the ETBC network.

3.3 Governance mechanism Governance on the Chain: The holders of ETBC management tokens are the owners and managers of the ETBC network. The management rights are realized by constructing voting transactions on the ETBC network, and the GAS fuel tokens corresponding to the ETBC management tokens are used to achieve the management rights. Right to use ETBC networks. ETBC management tokens can be transferred.

Under the chain of governance: ETBC Council is the founder of the ETBC project organized by the organization of the standing management organization, set up under the management committee, technical committee and secretariat, responsible for strategic decision-making, technical decision-making and implementation. The ETBC Board of Directors is responsible to the ETBC community for the promotion and development of the ETBC ecology as its primary goal.

3.4 Smart contract system：ETBC-CC ETBC's smart contract system consists of three parts:

ETBC VM - Universal Blockchain Virtual Machine + InteropService - Interop Service + DevPack - Compiler and IDE Plugin.

3.5 Cross-chain interoperability protocol: ETBC-X ETBC-X is an agreement that implements cross-chain interoperability. ETBC-X is divided into two parts: Cross-Chain Asset Exchange Protocol and Cross-Chain Distributed Transaction Protocol.

Cross-chain asset exchange agreement:

ETBC-X expands on existing double-stranded atomic asset exchange agreements, allowing multiple participants to exchange assets across different blockchains and ensuring that all steps in the entire transaction process succeed or fail. In order to implement this function, we need to use the

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functions of ETBC-CC to create a contract account for each participant. For other blockchains, if it is not ETBC-CC compliant, it will be compatible with ETBC-X as long as it provides simple smart contract functionality.

Cross-chain distributed transaction protocol:

Cross-chain distributed transactions means that multiple steps of a transaction are distributed across different blockchains, and the consistency of the entire transaction is guaranteed. This is an extension of the cross-chain asset exchange that expands the behavior of asset exchange to arbitrary behavior. In layman's terms, ETBC-X makes it possible to cross-chain smart contracts. A smart contract can execute different parts on multiple different blockchains, and it can either be completely executed or it can all be returned to its pre-execution state. This gives great imagination for cross-chain collaboration, and we are exploring application scenarios for cross-chain smart contracts.

3.6 Distributed Storage Protocol: ETBC-FS ETBC-FS is a distributed storage protocol that leverages the Distributed Hash Table technology. ETBC-FS indexes data by Hash instead of file path (URI). Large files are divided into fixed-sized data blocks distributed in a number of nodes.

The main problem with this type of system is the need to find a balance between redundancy and reliability. ETBC-FS plans to solve this conflict through token incentives and the establishment of backbone nodes. Users can choose the reliability requirements of the file. Low-reliability files can be stored or accessed for free or almost free. High-reliability files will be provided by backbone nodes to provide stable and reliable services. ETBC-FS will serve as one of the InteropService interoperability services under the ETBC-CC architecture, enabling smart contracts to store large files on the blockchain and set access rights for these files. In addition, ETBC-FS can be combined with digital identities to enable digital certificates that record digital identities to be signed, transmitted, and revoked from point to point without the need for centralized servers to manage them. In the future, old block data can be stored in ETBC-FS, so that most of the entire node can release old data, get higher scalability, and ensure the integrity of historical data.

3.7 Anti-quantum cryptography mechanism: ETBC-QS The advent of quantum computers will present significant challenges to RSA and ECC-based cryptographic mechanisms. The quantum computer can resolve the large number decomposition problem that the RSA relies on and the discrete logarithm problem of the elliptic curve that the ECC relies on in a very short time. ETBC-QS is a lattice-based cryptography mechanism. QS stands for Quantum Safe. At present, quantum computers do not have the ability to quickly solve the shortest vector problem (SVP) and the most recent vector problem (CVP). Grid cryptography is considered to be the most reliable algorithm for resisting quantum computers.

3.8 Summary ETBC is a distributed network that combines digital assets, digital identities, and smart contracts. The ETBC system will also use original technologies such as DBFT, ETBC-FS, ETBC-X, ETBC-CC, ETBC-CC-VM, and ETBC-CC-COAD to become the infrastructure of the future smart economy.

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Disclaimer The Ethernet chain is a product, not a security or investment. The purchase of the ether chain will not allow you to obtain any voting rights or any other rights in the company. You have full responsibility for your own purchases and the risks that they may incur indefinitely. You must always inform yourself about the laws relating to encrypted digital currency in your country or state. The Ethernet chain does not assume any responsibility for this. Please read our Terms of Service in detail before purchasing the Ethernet Chain. If you have any questions about the upcoming action, you should consult your legal, financial, tax or other professional advisor. Any part of this white paper should include the section "Legal issues and disclaimers" when it is disseminated. The Ethernet Chain should not be liable for any direct, indirect, special, incidental, or any other kind of loss arising from your participation in this White Paper or any part of this White Paper, including but not limited to loss of income, loss of income or profits, and loss of use or data. The Ethernet chain has not made any representations, warranties or promises of any kind to any entity or individual and hereby rejects them, including any statements, guarantees or guarantees concerning the truthfulness, accuracy and completeness of any of the information listed in this White Paper. committed to.

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