FAQ

Business Model Questions

Q.

What’s the vision of European Public Network?

A.

evan.network is a blockchain based B2B cooperation network build on European trust.

In an increasingly networked world, the pressure of competition is becoming harder and globalized. To be competitive, every company needs to focus on it’s own core competency and to work in a dynamic network of partner organizations for offering exciting services to their customers all over the world. So the European Public Network is a global, decentralized enterprise network based on blockchain technology. It is organized and operated by trustful European companies. Based on the European Public Network, all companies or organizations can realize their decentralized use cases.

Q.

What are the benefits of European Public Network?

A.

The benefits are:

• Cost savings. Manual processes are replaced by digitized transactions, regardless of the technological maturity of the involved partners.

• Trustful. Based on blockchain framework, companies work together digitally and automatically without losing their data sovereignty.

• Less manual interaction. Supplier communication completely digital, coordination of suppliers through Smart Contracts, automatic tracking and quality assurance.

• Increase delivery reliability. Fluctuating demands along the supply chain are detected earlier. Problems in the supply chain are easily apparent to all involved parties.

• Find trusting partners. Find reliable (rated) suppliers for new production sites or bottlenecks of well-known partner companies.

• Tamper-proof. Consistent digital, audit-proof data collection based on immutable blockchain technology.

Q.

What is the token used in European Public Network?

A.

The main idea of European Public Network is to build a stable, predictable and cost efficient enterprise blockchain. The European Public Network token used in the platform is called “EVE”. It can be used to pay for transactions on the European Public Network.

The token is sold via WebShop and partners. There is no public token sale planned for EVE Token. So the EVE Token is not speculative but stable and predictable. The revenue from EVE Token sales is the income of the network governance organization. With the European Public Network, manual processes are replaced by digital transactions, regardless of the technological maturity of the partners involved. The cooperation in European Public Network enables companies to retain their existing partner and to attract new, previously unknown partner. This would make communication, data exchange and partner orchestration more cost efficient by reducing manual processes.

Q.

Who are the partners in & owners of the ecosystem?

A.

The European Public Network is an Ethereum based enterprise blockchain, operated as a consortium chain without a central node operator. Network affiliates can be users and AuthorityNodes. User can join the network and implement various use cases. AuthorityNodes can participate in the further development and vote on new functions of the European Public Network.

Q.

What’s the main differentiator of this solution compared to its competitors?

A.

From an organizational point of view, European Public Network provides a blockchain network platform, which combines the benefits of public blockchains, with regard to decentralization, with the benefits of private chains, especially considering performance, data privacy and energy consumption. The European Public Network consortium model allows a decentralized blockchain network, operated on an European legal basis. From a technological point of view, European Public Network is based on Ethereum, the most widespread blockchain technology. European Public Network enhances the technology by many features, required to build successful decentralized business applications. Such enhancements are

• An advanced identity management
• Various ready-to-use Smart Contract templates
• A data privacy layer
• The possibility to connect machines and blockchain in a secure way

Due to the technical architecture of European Public Network, it provides a high transaction processing rate and endless scaling. Since the European Public Network enterprise services are all based on the Ethereum core-technology itself, the compatibility to further upgrades of the Ethereum core stack can be ensured.

Q.

Who is in charge of the governance of the ecosystem, what is the organizational structure of this party? How is the governing party incentivized?

A.

Blockchain HELIX AG acts as legal body of a Decentralized Autonomous Organization (DAO), consisting of all AuthorityNode operators (Affiliates). All essential participation rights for shaping and developing the network itself are transferred from the Blockchain HELIX AG into the DAO, where every Affiliate has voting rights for making decisions. Affiliates are active participants of the network and vote for organizational, operational and product-roadmap related issues.

Q.

Are there any restrictions to the access of the ecosystem? Are there different roles? What are those roles and who can fulfill them?

A.

Everybody has the possibility to sync the chain or access the chain via RPC calls. To execute transactions on the chain, users needs to create an account first. Accounts can be created from everyone that accepts the blockchain framework usage- and data privacy rights and has EVE tokens to pay for the transactions.

This account is secured with an account specific Mnemonic string, from which the private key is built. A regular account can be either a company or an user. Users can also interact on behalf of a company account. In the Smart Contract templates the network has a complete role based permission system implemented. So it is really easy for developers to write contracts that support solutions where different accounts can be invited into a contract to share data and functionalities.

The solution also offers Smart Contract hardforks, to remove users from the Smart Contract or from a specific role. So a removed user can read the past where he or she was a permissioned member but can’t read the future data where he or she isn’t a member anymore.

To join the network as a AuthorityNode, you have to become an Affiliate, which comes along with an active participation in the European Public Network organization, and you have to sign a AuthorityNode Operations Agreement.