Ultrain, the world’s leading business chain, announced its deployment of 100 Ultrain nodes in Australia and launched Ultrain Australia side chain on July 26. At a press conference held in Adelaide, Australia, the company also revealed the contract with Maison Blue winery, a local wine brand, to provide it with comprehensive business applications. Meanwhile, Ultrain will cooperate with four top universities in South Australia.
Ultrain Co-founder&CEO Ray Guo ; Maison Blue CEO Xiaolong Zhang
The side chain landing represents that the Ultrain will provide the most cost-effective block chain services for Australian enterprises and individual developers, to build a prosperous block chain business ecology in Australian communities.
Ultrain and its investor Crypto SA jointly invested AUS1 million for the side chain construction. As a long time supporter and investor of Ultrain, Crypto SA said it would try it best to help Ultrain develop its economy and community in Australia.
Establish Australian side chain by Ultrain
Ultrain deployed 100 Ultrain server nodes in Adelaide, Australia, and successfully established the Ultrain Australian side chain to provide cost-effective Ultrain block chain infrastructure services to local enterprises. Partners have purchased four million UGAS from Ultrain to launch the side chain.
Ray and Crypto SA are Inspecting the Australian physical mining machine room together
The Australian side chain is one of Ultrain’s 10 new business side chains to be launched by the end of 2019. The business model is that each side chain must consumed four million UGAS, paid by merchants and developers independently or jointly. The computing power of each side chain is based on the trust computing nodes provided by the community and supported through a side chain computing network, built up by mortgaging four million to 13.44 million UGAS.
For the first time, Ultrain fully deployed the side chain overseas to provide block chain business services for the local enterprises, reflecting its globalization and complete decentralization of the Ultrain network. It is also the first step for the internationalization of Ultrain services, demonstrating extremely