logion is a project that aims to build a blockchain network (thanks to substrate technology and this development environment), a polkadot parachain, stable, clear, transparent, in which the nodes will be held by public and ministerial EU officers. This network will have first an operating cost advantage but will also offer very specific services:
- an enhanced mode of proof for operations carried out using this network
- an oracle’s service provided by certified professionals
- legal services which will be complementary to the blockchain technology
- trusted third party services
These services will be available for the entire ecosystem as a result of the interoperability potential offered by Polkadot.
In a nutshell, here’s how things are going.
Polkadot is a platform that allows distinct blockchains to transfer messages and exchange transactions, through a relay chain, turning them into a big multi-chain network. It provides networking and consensus layers that allow blockchain developers to focus on creating business logic with unique features and implementing it in a parachain.
The parachain (parallelized chain) is what allows private, public, and consortium blockchains to connect and scale.
Polkadot consists of many parachains with potentially different characteristics. Even non-blockchain systems or data structures could become part of the network. Even stand-alone blockchains as Bitcoin, Ethereum, and Tezos could be connected to Polkadot by developing an appropriate parachain.
logion will be a parachain, so an independent blockchain that provides own blocks. A parachain can have its own monetary system, its own logic, and its own interactions with third-party applications or separate blockchains. Parachains inherit security from the relay chain (Polkadot). They can also send messages and provide services to other parachains. Each parachain is connected to some validator for a certain period of time and is hosted with its own set of collators.
That’s how we’re going to build our blockchain network and services provider. We’ll start the first serious work this summer!