1. Directories
Table of Contents .....................................................................................................................................................2
Preface ......................................................................................................................................................................4
1. Background of NSG Project ..................................................................................................................................4
1. Introduction to Blockchain Technology ................................................................................................................4
1.1.1 Technical Features ............................................................................................................................................5
1.1.2 Technology Application ....................................................................................................................................6
2. Application of Blockchain in the Financial Industry ...............................................................................................6
1.3 Pain points of Traditional Financial Industry ........................................................................................................7
1.4 Blockchain solves Financial Industry Problems.....................................................................................................8
1.3.1 Transaction efficiency ........................................................................................................................................9
1.3.2 Information Records ..........................................................................................................................................9
1.3.3 System Security .................................................................................................................................................10
1.3.4 Privacy Protection .............................................................................................................................................10
2.NSG Global Financial Training Sharing Ecological Platform ....................................................................................10
2.1. NSG Global Financial Training Ecosystem Platform Explained ...........................................................................10
2.2 NSG Global Financial Ecosystem Platform Vision ................................................................................................12
2.3 Service Module .....................................................................................................................................................12
2.4 NSG System Application Advantages ...................................................................................................................14
2.4.1 Support regular asset unfreezing function ….…................................................................................................14
2.4.2 Efficient and reliable value transmission system .............................................................................................15
2.4.3 Storage of Overseas Financial Data ………….......................................................................................................15
22.4.4 Improvement of transaction throughput ......................................................................................................16
2.4.5 Fast synchronization of node data ………..........................................................................................................16
2.5 NSG Outlook ……………..........................................................................................................................................16
3. NSG Technical Architecture Solution ....................................................................................................................17
3.1 Cross-chain Communication ................................................................................................................................17
3.2 Secure data sharing .............................................................................................................................................17
3.3 Gravity Mapping ..................................................................................................................................................19
3.4 Bitcoin cross-chain support ................................................................................................................................20
3.5 Data side chain ....................................................................................................................................................22
4. NSG Ecosystem Scenario Application....................................................................................................................22
4.1 SME Financing ……………….....................................................................................................................................22
4.2 Payment Industry - Cross-border Financial Institution Clearing.........................................................................22
4.3 Banking ………………...............................................................................................................................................24
4.4 Financial Management .......................................................................................................................................25
4.5 Bond Resonance Contract ..................................................................................................................................26
4.7 NSG Main Chain ………..........................................................................................................................................26
4.8 Life Application Ecosystem .................................................................................................................................26
5. Token Economic Distribution and Issuance Plan...................................................................................................26
5.1 Token Model Design ............................................................................................................................................26
5.2 Distribution Mechanism ......................................................................................................................................27
5.2.1 Distribution Ratio ..............................................................................................................................................27
6. About the Team ....................................................................................................................................................29
6.1 Main Construction Team .................................................................................................................................29
6.2 Core Members .................................................................................................................................................29
7. Development Plan .............................................................................................................................................31
7.1 Development Plan ...........................................................................................................................................31
8. Disclaimer ….........................................................................................................................................................31
Financial technology represented by blockchain is booming around the world. McKinsey said in its research report that ‘blockchain is the core technology with the greatest potential to trigger the fifth round of disruptive revolution after steam engines, electricity, information and Internet technology.’
Due to its obvious advantages in solving problems such as information asymmetry, centralization of intermediaries and ‘information islands’, the application of blockchain in the financial industry is changing with each passing day, and has increasingly appeared in traditional businesses such as supply chain finance, payment, asset securitization, bills, credit reporting and risk management.
The combination of blockchain and financial business has achieved a leap from concept to product, and is profoundly affecting the transformation of financial business.
In recent years, blockchain technology has gradually become a popular technology and has quietly extended to many fields, gradually showing its potential.
The huge potential of "blockchain +". Especially in the field of economy and finance, blockchain technology, with its characteristics of security and high trust, can help participants in financial activities prevent risks, reduce costs and improve efficiency, thus deriving a variety of application models.
The NSG financial ecological main chain is a global supply chain financial asset ecology created by American financial companies. Using blockchain to create a main chain ecology can not only effectively solve the financing problems of small and medium-sized enterprises and help supply chain companies improve their overall competitiveness, but also extend the depth of bank services, bank clearing, cross-border transfers, financial transactions, etc., providing banks with new channels to enter and stabilize high-end customers, focusing on providing new solutions for small and medium-sized enterprise financing and financial institutions clearing.
Preface
1. Background of NSG Project
1. Introduction to Blockchain Technology
Blockchain is a new application model of computer technologies such as distributed data storage, peer-to-peer transmission, consensus mechanism, and encryption algorithm. The so-called consensus mechanism is a mathematical algorithm that establishes trust and obtains rights between different nodes in the blockchain system.
Blockchain is the underlying technology of Bitcoin, like a database ledger that records all transaction records. This technology has gradually attracted the attention of the financial industry and various fields due to its security and convenience.
1.1.1 Technical Features
● Decentralization
The left side describes the centralized characteristics of today's financial system, and the right side describes the decentralized financial system that is being formed. There are no intermediaries, and all nodes have equal rights and obligations. The cessation of any node will not affect the overall operation of the system.
● Trustless
Transactions can be conducted between all nodes in the system without trust, because the operation of the database and the entire system is open and transparent, and within the rules and time frame of the system, nodes cannot deceive each other.
● Collective maintenance
The system is maintained by all nodes with maintenance functions, and everyone in the system participates in the maintenance work.
● Reliable Database
Each node in the system has the latest complete database copy. Modifying the database of a single node is invalid because the system will automatically compare and consider the most frequent identical data records to be true.
1.1.2 Technology Application
At present, the most extensive and successful application of blockchain technology is digital currency represented by Bitcoin. In recent years, digital currency has developed rapidly. Due to the characteristics of decentralized credit and frequent transactions, it has a high transaction circulation value and can maintain a relatively stable price by developing hedging financial derivatives as a super-sovereign currency (decentralized and not issued by the state).
Since the birth of Bitcoin, hundreds of digital currencies have emerged one after another, forming a relatively large industrial chain ecosystem around the generation, storage and transaction of digital currencies. Taking Bitcoin as an example, participating institutions can be mainly divided into four categories: infrastructure, trading platform, financing services, and blockchain comprehensive services.
2. Application of Blockchain in the Financial Industry
Blockchain is gaining more and more adoption in the financial industry given its potential to enhance system transparency and accessibility. More than 20 banks in California, USA, have processed more than $56 million in foreign trade transactions using blockchain technology. In addition, major banks including HSBC, BNP Paribas and Citi are about to launch a blockchain trade finance platform in Singapore.
Some people believe that blockchain, a decentralized, trustless, real-time transaction confirmation distributed ledger technology, has undoubtedly brought the most disruptive impact to financial clearing and settlement services. Internationally, most interbank information transmission and transfers use the SWIFT (Society for Worldwide International Financial Telecommunication) protocol. In order to avoid being kicked out of blockchain telegraphic transfers in the future, SWIFT is also embracing and continuously practicing blockchain technology.
From this, we can see that the application of blockchain technology in the financial industry has become the only way for the financial industry to develop better and faster. In the innovation and application exploration of blockchain, finance is the most important field. At this stage, the main blockchain application exploration and practice are also centered on the financial field. In the financial field, blockchain technology has broad application prospects in digital currency, corporate financing, payment settlement, cross-border payment, smart contracts, financial transactions, Internet of Things finance and other aspects.
1.3 Pain points of Traditional Financial Industry
Traditional financial services are difficult to effectively solve the industry's long-standing core pain points such as information asymmetry, complicated and redundant processes, and high information verification costs. In addition, due to information asymmetry and lack of trust mechanisms in the traditional financial industry, supply chain finance generally has problems such as difficulty in obtaining loans for long-tail enterprises and difficulty in risk control for financial institutions. Clearing information is not transparent, and cross-border transfers cannot be achieved.
The advantages of blockchain technology can effectively solve the pain points in the above financial scenarios. First, all market participants can obtain all transaction information and asset ownership records in the market without distinction, effectively solving the problem of information asymmetry. The embedding of smart contracts reduces the error rate in the payment and settlement links, simplifies the process and improves efficiency. At the same time, based on transparent information and a new trust mechanism, all participants no longer need to spend manpower, material resources, and financial resources to verify the information, which will greatly reduce the trust cost between institutions and thus reduce the price of financial services.
Secondly, it can improve the efficiency of financial asset sales and settlement. Blockchain technology application NSG greatly improves the efficiency of financial debt asset transfer, and effectively solves the problem of mismatch between liquidity demand and asset transfer time. For example, loan sales are very cumbersome and time-consuming, and settlement generally takes several weeks. Blockchain technology can bypass the intermediate payment and settlement system, realize point-to-point instant payment, shorten the settlement from daily to minute settlement, greatly reduce the payment arrival time, and greatly improve settlement efficiency.
1.4 Blockchain solves Financial Industry Problems
Blockchain technology uses a set of mathematical algorithms based on consensus mechanisms to establish a ‘trust’ network between machines, thereby creating a new credit through technical endorsement rather than centralized credit institutions, solving the problem of lack of trust in the financial industry, and providing more possibilities for the financial industry to create a new ‘self-trust’ ecosystem. Bank clearing under the blockchain financial ecological platform, especially different from traditional paper and electronic bills, through the use of blockchain technology, mobile bills will be stored and traded in the form of digital assets, which are not easy to lose or tamper with, and have stronger security and non-repudiation. In the future, other banks can quickly access it, and cross-border payments can be realized to effectively improve clearing efficiency. From the characteristics of blockchain technology, its application in the financial field has great potential, including the issuance and trading of securities, clearing and settlement, and other processes and links can be redesigned and simplified through blockchain technology, thus bringing a series of potential advantages, including improving efficiency, shortening processing time, increasing transparency, reducing costs and ensuring security. It can be said that the financial field is a naturally suitable application field for blockchain, and there is a very high degree of fit between the two.
1.3.1 Transaction Efficiency
In financial transactions, the front-end system is responsible for matching transactions, while the back-end system is responsible for clearing and settlement of transactions. The two systems have many processes and links, which makes the time and capital costs of each exchange to process transactions too high. At the same time, the system that cannot complete real-time settlement on the day of the transaction also brings potential risks to capital. Blockchain can simplify and automate the lengthy transaction process, realize direct transactions between securities issuers and investors, reduce the interaction between the front-end and back-end, and save a lot of manpower and material resources.
1.3.2 Information Records
The data information in the blockchain cannot be tampered with. With the help of technologies such as ‘timestamp’, the blockchain records all transactions since the establishment of the system in the data block. All transaction activities can be tracked and queried, and the data records formed cannot be tampered with. This facilitates the tracking of financial transaction activities and can effectively solve problems such as transaction verification and subsequent disputes.
1.3.3 System Security
The traditional financial market is centered on the exchange, and the exchange's trading system ensures the normal conduct of all transactions. Once the trading system is attacked or fails, it may cause the entire network to be paralyzed and transactions to be suspended. Blockchain technology uses many distributed nodes and high-performance servers to support the peer-to-peer network, and the overall operation will not be affected by attacks or problems on some nodes.
1.3.4 Privacy Protection
Blockchain technology can ensure the confidentiality and security of financial transaction information. The trust foundation of blockchain is established through mathematical code. Blockchain technology uses public key addresses to replace user identity information, which can effectively achieve anonymity, allowing people to achieve transparent information sharing in the Internet world without exposing their real identity information, greatly protecting the personal privacy of participants.
2. NSG Global Financial Training Sharing Ecological Platform
2.1. Explanation of NSG Global Financial Training Ecosystem Platform
The financial training industry refers to the industry that provides training for financial institutions, listed companies, government departments, etc.
NSG is a distributed financial ecological token built on the world's leading CAS high-performance blockchain platform, and an ecological platform for decentralized corporate finance and asset payment circulation. It is a global, open blockchain financial asset ecosystem based on blockchain technology. NSG incorporates a number of innovative technologies to form a new blockchain network architecture that can help small and medium-sized enterprises reduce the cost of financing, better achieve commercial financing, and provide a series of in-depth financial institution services, including financial institution clearing, cross-border payments and transfers.
NSG is a global financial payment ecological platform based on distributed smart contracts built on the world's leading high-performance blockchain platform. It is a global, open blockchain ecosystem based on blockchain technology. The diversified product layout solves the related industry pain points of the existing financial blockchain product ecosystem, and provides a financial social payment ecological closed loop for global traders, regulators, service providers, and consumers. Through the self-adjustment and development of the multi-dimensional product architecture, it quickly establishes user’s big data and provides users with trust, subsidies, and value-added ecological services.
Unlike other blockchain consensus systems, NSG provides an instant, provably secure mobile client payment verification method. Because NSG is designed not to support forks, mobile wallets can receive transaction confirmations in real time, thus truly realizing a trustless payment method on smartphones. NSG's decentralized mall is a bridge between digital currency and the real world. It breaks the barriers of clearing and payment systems in different countries, realizes cross-border payments, and financial institutions clear one-stop corporate financial services.
On the demand side of funds, with the help of the cooperation channels of the NSG blockchain technology platform, it can meet the development of customer asset business, intermediary business, and value-added services. Through the credit transmission of core enterprises such as manufacturing, transportation, and energy, it can open up the financing needs of small and medium-sized enterprises at the end of the industrial chain and help enterprises quickly achieve commercial financing.
On the supply side of funds, with the help of the blockchain financial service cloud and business docking platform, it serves state-owned banks, joint-stock banks, city commercial banks, rural commercial banks, trusts, funds and other financial institutions to carry out clearing, payment, transfer transactions and other businesses, and help them transform digitally. Through business collaboration, risk collaboration, and data collaboration, financial technology can play a greater role in the financial industry serving the real economy.
An industry that provides professional financial knowledge and skills training services. With the rapid development of the financial industry and the intensification of market competition, the financial training industry has gradually emerged and grown. The financial training industry has a clear definition and serves a wide range of clients, including financial institutions, listed companies, government departments, etc. It aims to improve the financial quality and capabilities of these institutions and personnel by providing professional financial training services. The financial training industry can be further divided into multiple categories based on the training content and service objects, including financial knowledge training, financial skills improvement, financial compliance training, etc. These training categories have their own aspects and together constitute the rich connotation of the financial training industry.
NSG Financial Training helps all walks of life in society to cultivate senior talents engaged in economic management and other aspects, and provides economic nutrients for society. In the 2010s, the Internet was basically popularized. At the same time, with the rise of mobile Internet, the prelude to the Internet's transformation of the traditional financial training industry was gradually opened. Many excellent financial online education platforms have sprung up during this period, but this kind of Internet financial education platform is still a minority compared to traditional education platforms in terms of number.
Therefore, the current Internet financial education and training industry can be said to be a new blue ocean. At the same time, the most important thing is that financial online education uses the Internet as a channel to share, disseminate and learn teaching resources, which effectively solves the problems of mismatch between teacher and student resources, mismatch between supply and demand, and time and space limitations under the current financial training education system. ‘Online education’ can provide personalized education services for different learning needs, realizing the true meaning of ‘teaching students in accordance with their aptitude.’
2.2 NSG Global Financial Ecosystem Platform Vision
The rapid global application of NSG will gradually realize the integration of the global financial system. It is widely used in small and medium-sized enterprises, helping enterprises to better realize commercial financing, and providing global financial institutions with bank clearing, transfer, cross-border payment and other services, becoming a global financial production ecological service platform.
2.3 Service Module
● Client
The client provides users with management and query functions for accounts, blocks, nodes and wallets, such as creating new accounts, sending transactions, generating random seeds, obtaining block information, obtaining wallet status, etc. All transactions are signed and encrypted through the client and then sent to the blockchain.
● RPC Module
Provide RPC interface to the client, and the client can operate the blockchain through the RPC interface, such as creating accounts, querying accounts, sending transactions, querying transactions, querying block information, etc.
● Mempool Module
The transaction cache pool, mempool, stores transactions from the RPC interface and transactions from P2P. The implementation of Mempool is mainly to solve the problem that the processing speed of the consensus module is slower than that of the RPC module.
Consensus Module - Pluggable consensus module design. There are two main chain consensus algorithms, one is a pure POS algorithm that supports tens of thousands of people to work together to mine and reach consensus. The other is a strong consistency Byzantine consensus algorithm, and introduces the concept of DPOS voting rights, that is, each node can have different voting rights.
Executor module - The executor is the logical processing center of the blockchain. The executor reads the status through a read-only database and performs virtual execution. The input of the executor is the transaction, there are many types of transactions, different transactions correspond to different executors to execute.
● P2P Module
The P2P module connects each node and broadcasts transactions and block-related information to the entire network.
● Blockchain module
The Blockchain module is mainly responsible for receiving blocks from the consensus module and storing them on the local hard disk. The encryption and signature module are responsible for signing and encrypting transactions. The signature ensures that the transaction can be traced back, and the encryption ensures the security of transaction information.
2.4 NSG System Application Advantages
2.4.1 Support regular asset unfreezing function
Users can use these contracts to freeze a portion of assets and unfreeze them regularly according to the rules to the corresponding beneficiaries. This is suitable for application scenarios such as installment payments, employee incentives, and inheritance distribution.
The function provides the following 3 types of operations.
1) Create a regular unfreezing contract: specify the asset category and total amount of assets to be paid, as well as the form of regular unfreezing when creating it.
2) Beneficiary withdraws money: the beneficiary withdraws the unfrozen assets.
3) The initiator terminates the contract: the initiator can terminate the performance of the contract.
There are currently two forms of unfreezing:
1) Fixed amount unfreezing: unfreeze a fixed number of assets at a specified time interval.
2) Unfreeze at a fixed ratio of the remaining amount: unfreeze at a fixed ratio of the remaining amount at a specified time interval. In this way, the less you unfreeze later.
2.4.2 Efficient and reliable value transmission system
The essence of blockchain is to bring the feasibility of trust establishment into decentralized transactions through distributed ledger technology. Blockchain technology can help the supply chain finance industry build a trust foundation and promote the efficient flow of business flow, information flow, capital flow and logistics in the supply chain. In the supply chain finance scenario, the characteristics of blockchain technology such as multi-party participation, consensus mechanism and distributed ledger can support the establishment of an effective trust mechanism between all parties involved in the supply chain, solve the trust transmission problem and data credibility problem between multi-level enterprises in the supply chain, thereby improving the efficiency of supply chain finance and reducing the cost of obtaining financial services for small and medium-sized enterprises upstream and downstream of the industry.
Blockchain technology can build an efficient and reliable value transmission system. Based on the Internet thinking and combined with the new data organization structure of blockchain, it promotes the Internet to become a network infrastructure for building social trust Baas (Blockchain as a Service), realize the effective transmission of value, and call it the value Internet. Blockchain provides a new social trust mechanism and lays a new foundation for the development of the supply chain finance industry.
2.4.3 Storage of Massive Financial Data
The blockchain duplex accounting model accumulates a large amount of data in the continuous use of the system, causing the running speed to slow down. Mattock will implement a separate storage and table storage mechanism to achieve data sea storage.
Through the transaction flow across the entire system between the main chain, data side chain (DSC) and computing side chain (CSC), let us examine the communication protocol at a high level.
NSG Financial Ecology has attracted the attention of large VCs with its excellent industrial planning and high-viscosity profit model of ecological combination, and at the same time recruit community initiators from major communities to share the dividends of the times.
2.4.4 Increased transaction throughput
The essence of blockchain is a distributed shared accounting technology, and its distributed characteristics are mainly reflected in distributed consistency rather than distributed concurrent processing. In order to ensure data consistency and prevent the Byzantine Generals Problem, certain specific links can only be executed serially, not in parallel. Through long-term testing and optimization practices, Mattock's processing performance will further significantly improve transaction throughput.
2.4.5 Fast synchronization of node data
Mattock will develop a mirroring mechanism that can regularly mirror the local ledger to achieve a convenient rollback mechanism. Under a unified consensus, the mirror tag can be specified for rollback. At the same time, it shortens the cycle of adding new nodes to the operation. Only the latest mirror and a few recent transaction sets need to be synchronized to integrate into the network and participate in consensus verification.
2.5 NSG Outlook
3. NSG Technical Architecture Solution
3.1 Cross-chain Communication
3.2 Secure data sharing
1）Universal Digital Identity
Universal digital identity will be the pass to the blockchain world, connecting all applications on the alliance chain and allowing users to move freely in the ecological world established by NSG. Behind the digital identity are asset ownership, personal information, personal background, credit record, social relations, etc. It requires strong trust just like currency.
2）Data on-chain
As a distributed, tamper-proof, and trusted ledger, blockchain provides a good means of value storage. However, blockchain technology itself only provides the immutability of on-chain data, ignoring the process of data from off-chain to on-chain. How to ensure the credibility of this process is one of the key issues that the NSG trusted data component needs to study and solve.
When we discuss the credibility of the data itself, we will think of implementing it through some credible verification parties. For example, in personal identity verification, we may use the two-factor (name + ID number) verification interface provided by the public security, or our bank card information needs to be verified through the bank's interface. So, we realize that centralized trust institutions such as banks and public security are irreplaceable to a certain extent. The emergence of blockchain technology is not to subvert such a trust mechanism, but to supplement such a mechanism with a safer and more efficient solution.
Digital front technology: If the identity of a third party is credible, then we consider them to be credible third parties. Through digital signature technology, credible third parties can sign verified data. The signature not only ensures that the data cannot be tampered with after verification, but also contains the identity information of the credible third party, allowing everyone to verify the identity of this public signature.
Source data verification: NSG will provide standard data on-chain components, data exchange protocols, and agency accounting contracts. After the source data is confirmed by the data owner (individual, enterprise), the data is encrypted and signed with the dataSign (personal confirmation) using the data owner's private key. The application uses the data and generates a checksum (data verification) for the content, calls the agency accounting contract and binds the data to the data owner's NSG. The use of on-chain data requires authorization from the data owner, and the validity of the data is verified by verifying dataSign and checksum.
3）Data storage process
NSG uses dual-layer data storage, in which the relational database uses the HA hot backup model, which is stored by the Master and Slave nodes and automatically synchronized in real time, thereby ensuring the security of relational data. Sharding Group is also introduced as the main query interface, and the query speed is accelerated by introducing an index mechanism. The non-relational database is stored in the IPFS mode. The establishment of a dual-layer data storage model effectively improves the efficiency of data query, and greatly improves work efficiency while ensuring data quality. Take the advantages of relational databases and non-relational databases and eliminate their disadvantages to achieve the best combination of the two.
3.3 Gravity Mapping
NSG communication protocol is a cross-chain encrypted communication protocol. Its feature is to ensure the security of information while ensuring cross-chain transactions. This is done through decentralized data mapping. But how to ensure that decentralized autonomous communities maintain close ties, NSG's solution is gravity mapping, and it has realized gravity zones and gravity amplification.
1）Gravity Mapping
Gravitational mapping is divided into two capabilities: gravity and mapping. Gravitation is an invisible force, and mapping is an intangible phase. In the NSG protocol, encryption and connection of weak and strong relationships are achieved through encryption algorithms. At the same time, through decentralized mapping, transaction data and information data can be displayed where users need them, and cannot be traced by third parties.
2）Active and Passive Mapping
In a transaction relationship, who is the trader and who is the traded is the most sensitive information. The transaction mapping relationship created by NSG can protect the transaction privacy and security of both parties, while distinguishing and binding this relationship through the form of NSG contract. The income will be passively mapped to the corresponding account through the NSG contract. Users can also complete active mapping in a safe transaction environment. For example: There is a hierarchical relationship between A and B. This hierarchical relationship cannot be proved by the outside world, but NSG completes the relationship binding between them through the gravity mapping in the D protocol. Because there is a hierarchical relationship between AB, the distribution of benefits is executed through the D contract, and A passively obtains benefits. At this time, the phenomenon of A's account is passive mapping. When A and B have a direct transaction, A proposes to initiate incentives to B, and B chooses to accept. At this time, under the condition of data security, B's account has income. At this time, the behavior between AB is called active mapping.
3.4 Bitcoin cross-chain support
Using BTC Relay means placing a BTC light wallet on the blockchain to achieve DEX decentralized transactions. Simplified Payment Verification refers to simple payment verification. Satoshi Nakamoto briefly mentioned this concept in his paper. He pointed out that payments can be verified without running a full node. Users only need to save all block headers. Although users cannot verify transactions themselves, if they can find matching transactions somewhere in the blockchain, they will know that the network has recognized the transaction and how many nodes on the network have confirmed it. BTC Relay refers to copying the Bitcoin block header to the platform, although it cannot be verified.
3.6 Technical Advantages
● Wide range of applications
All mainstream currencies can be used to purchase goods in the mall after being discounted according to the current exchange rate.
● Decentralization
Ensure the openness and transparency of data, and automatically implement transaction logic with code through smart contracts, which ensures the fairness of transactions and makes decentralized organizational operations possible.
● Cannot be tampered with
The blockchain's distributed database ledger technology and hash encryption's tamper-proof function provide a higher level of protection for the security of user information.
● Improve efficiency
Distributed ledgers are used for accounting, and data cannot be tampered with and is traceable, safe and trustworthy, saving the cost of tedious reconciliation work. However, if a matching transaction can be found somewhere in Bitcoin, it can be known that the network has recognized the transaction. In this way, any two parties with transaction intentions can be matched to conduct transactions, and the transaction is guaranteed to be completed within 6 hours. The information of both parties in the entire process is anonymous, and no third-party guarantee is required.
3.5 Data side chain
4. NSG Ecosystem Scenario Application
4.1 SME Financing
NSG Global Financial and Economic Ecological Platform records information on each node such as transactions and transportation through the tamper-proof feature of supply chain trade data after it is uploaded to the chain, reducing the risk of counterfeiting. As the execution engine of ‘smart contracts’, it solidifies the fund settlement path and greatly reduces the occurrence of fund misappropriation and breach of contract. The electronic certificates generated by blockchain technology can achieve flexible multi-level splitting, circulation, and financing, and pass the credit of core enterprises to the end supply chain, solving the financing difficulties of small and micro suppliers, thereby enabling the real economy. Blockchain has brought new opportunities to small and medium-sized enterprises, and what they need to do is to enhance their core competitiveness. The government and state-owned enterprises should have the responsibility and responsibility to provide more development space for small and medium-sized enterprises in the process of shaping the ‘trusted’ ecosystem.
4.2 Payment Industry - Cross-border Financial Institution Clearing
The interbank clearing market is another extremely suitable application scenario for blockchain. Similar to mutual insurance, the banks participating in the clearing system are also equal. However, unlike mutual insurance, bank clearing has great market value, but it is difficult to implement.
Each bank has its own clearing system. When users pay and transfer money, transactions will be formed between banks and recorded by two banks respectively, which involves the problem of reconciliation and settlement between banks. According to McKinsey's calculations, blockchain technology can reduce the cost of cross-border transactions from US$26 per transaction to US$15. Goldman Sachs also pointed out in a report that blockchain technology will save US$6 billion in costs for the capital market each year. NSG Financial Asset Platform uses blockchain technology in the field of cross-border payments to solve major problems such as international interbank transactions, reconciliation, and clearing.
Cross-border payments. Blockchain can make large-value payments between banks or countries and instant transaction clearing and settlement between institutional clients through the exchange of encrypted digital currencies. The cross-border payment platform based on blockchain helps solve industry problems such as high payment processing costs, liquidity management, insufficient standardization, and the connection between banks and domestic clearing systems. In terms of the clearing system, the algorithmic ledger based on blockchain eliminates the cumbersome process of sorting multiple sub-ledgers for cross-border transactions. The participants who use NSG work together to help the cross-border transaction network improve the efficiency of clearing and settlement and reduce transaction costs. In terms of the credit system, the on-chain economy born with NSG as the currency scale may be derived into more complex fields such as asset management and insurance in the future. The application of blockchain's unalterable record system in multi-layer nested and multi-party linked transactions can significantly reduce the trust crisis.
4.3 Banking
Essentially, a bank is a secure storage warehouse and exchange center for value, and blockchain, as a digital, secure and tamper-proof general ledger, can achieve the same effect. In fact, Swiss bank UBS and Barclays Bank in the UK have begun experiments, hoping to use it as a way to accelerate back-end system functions and clearing and settlement capabilities. Some institutions in the banking industry claim that blockchain may reduce intermediary costs by 20 billion. It is not surprising that banks are part of a growing number of financial services giants that are investing in blockchain startups.
Blockchain technology can be applied to all links of the bank value chain, helping corporate banks, retail banks and other business lines to develop new business models, reduce costs and increase efficiency while also more effectively preventing risks. NSG Global Financial Supply Asset Platform combines technologies such as electronic bills and smart contracts, and the supply chain financial business model based on blockchain is being widely studied and applied. The transaction information between the core enterprise and its suppliers at all levels will be permanently recorded in an open distributed ledger in a verifiable way, so that the credit of the core enterprise can be effectively transmitted to suppliers at different levels, reducing the risk of fraud, such as forging transactions. Banks can achieve differentiated pricing for suppliers at different levels and establish a broad and stable customer base. At the same time, the digitization of the entire process makes the cost lower and more convenient and quicker.
In the future, various functions and applications will be launched, including: asset digitization, asset securitization, digital asset trading platform, digital bank and technology finance special zone, etc., to create a perfect life application ecosystem for NSG users; while meeting the basic payment needs of users, it will also meet the application needs of merchant consumption, online shopping, major e-commerce platforms, various blockchain trading media, and finally form a rich NSG life application ecosystem.
Using digital assets as a marker to resonate bonds, you can get additional contributions from resonance in the participating platform bond contracts. The contributions can be converted into equity at any time, can be cashed out, or exchanged for NSG holdings, which can not only distribute dividends, but also obtain more income in the secondary market.
4.6 NSG Financial Training and Education
The content of NSG financial training is very extensive, covering multiple aspects of knowledge and skills. The following are some common financial training contents:
Basic financial knowledge training：Including monetary banking, central banking, commercial bank management, investment banking, securities investment, insurance, financial markets, financial engineering, etc. Through these courses, NSG financial training economic ecological platform students can master solid financial theory and basic knowledge and skills of financial operations.
Financial risk management training：It mainly involves the basic theories and methods of risk management, as well as how to deal with various risks such as credit risk, market risk, operational risk, etc. The course includes risk assessment, risk control and other contents to help students improve their sensitivity and response capabilities to risk management.
Financial product sales training：Covers basic knowledge and sales skills of financial products, including fund sales, insurance sales, stock sales, etc. The training helps trainees master sales skills and customer management capabilities so as to better serve customers.
Financial Market Analysis Training：It includes basic knowledge and analysis methods of financial markets, such as stock market analysis, futures market analysis, foreign exchange market analysis, etc. NSG Financial Training Economic Ecosystem Platform students can master market trend analysis and other capabilities through learning.
Financial laws and Regulations Training：It involves the basic knowledge and application methods of financial laws and regulations, including securities law, futures law, insurance law, etc. The training helps trainees understand relevant laws and regulations and ensure that business operations meet the requirements.
4.4 Financial Management
4.5 Bond Resonance Contract
4.7 NSG Main Chain
4.8 Life Application Ecosystem
5. Token Economy Distribution and Issuance Plan
5.1 Token Model Design
NSG is the digital asset of the main chain of the entire NSG ecosystem, used to exchange and settle other currencies on the platform. According to the actual needs of blockchain system technology and the financial data industry, NSG will adopt the token model to implement the token economic model design plan, that is, the dual-chain model realizes the main chain with side chain shared ecology, and issues NSG value tokens to meet the requirements of private placement, mining, team building, project operation, global community promotion, etc.
The dual token is a digital token issued by the NSG blockchain fund based on the application value of the NSG underlying main chain and the NSG financial ecological platform. The token is committed to becoming the world's most valuable digital currency, allowing every user to share the global value of NSG. After NSG goes online, in addition to continuously strengthening NSG's technological leadership, it will also continue to release new technologies and applications on the chain, comprehensively expand NSG's ecological structure and enrich NSG's vitality, and realize the attribute switching from side chain to platform and then to main chain.
The emergence of NSG will redefine the new industry standards for cross-border financial payment services:
NSG will be made into the standard of financial payment contract blockchain, which will become the basis for the development of new technologies and the release of new applications in the future. As long as NSG maintains its technological leadership, NSG's open-source code will become the underlying technology for many future projects in the fields of commerce, finance, insurance, and commerce, including government, enterprise, and personal projects in actual application scenarios in various countries.
5.2 Distribution Mechanism
5.2.1 Distribution ratio
NSG is the foundation of platform transparency. Based on the interests of users, it adopts the distribution method of token economy to encourage users to generate valuable behaviors on the platform. The specific token issuance plan is as follows:
● Main chain issuance name: NSG
● Issue quantity: 1 billion
● Issue price: 1/coin (US dollars)
NSG allocation plan:
• IDO 15%
• Scientific research 30%
• Foundation (including shareholder dividends) 20%
• Charity 5%
• Operation 30%
NSG is supported by the world's top NSG blockchain team, which provides technical and resource support and assists NSG in establishing a technical operation team that brings together business talents from the United States, the United Kingdom, Singapore, Japan, and Hong Kong. The NSG blockchain team focuses on developing and deploying new next-generation technologies on open software architecture and cloud ecosystems. The scale and geographical coverage of the NSG blockchain team enable NSG to effectively serve customers from all over the world in establishing the ‘NSG platform industry ecosystem’. The cooperation between the NSG blockchain team and NSG reflects the company's philosophy of ‘believing that the future of the world is open’, and the use of blockchain technology is particularly beneficial for customers who are new to digital assets but do not understand them.
With expertise in retail banking, transaction banking, lending, treasury bonds and capital markets, the NSG blockchain team offers a unique range of pre-integrated AI solutions. With a global footprint, the NSG blockchain team has released a full range of financial investment solutions, generating $2.1 billion in revenue. The NSG blockchain team has 10,000 employees and more than 9,000 clients. 48 of the top 50 banks in the world are clients of the NSG blockchain team.
The NSG blockchain team will work with NSG to create the broadest and deepest portfolio, drive the popularization of digital assets that are trending in the ecosystem, and fully develop flexible, modern and open new blockchain ecosystem services.
6. Team introduction
6.1 Main construction team
6.2 Core members
Team member
Resume background
Robert Clayton
The founder of the NSG team graduated from Yale University and Swiss Federal Institute of Technology (Poly) in the United States. He has made outstanding achievements in venture capital for more than 20 years. With his successful experience in the financial field, the group has laid out new technologies early. NSG participated in the investment of Bitcoin and mutual currency and obtained huge profits.
CATHERINE
Software Engineer
1. Software Engineer for DataTrails project (developing data input architecture, implementing node loading and connection solutions).
2. Software Engineer for Bill and Payment project (developing a payment system for online education services).
3. Software Engineer for State Watcher project (developing architecture of complex systems, architecture for monitoring and analyzing the status and parameters of network nodes).
GABRIEL
1. C# developer at iTransition (development of large file version control system)
2. CEO at Flaxtreme (development of mobile games, such as the historical
Live wallpaper of Pahonia, the coat of arms of Belarus).
（1）Initial planning
● Recruit talents, establish a blockchain technology R&D team, develop NSG, and improve ecological planning.
● Complete the implementation of the NSG platform and preparation for project publicity.
● Open the platform to attract popularity, gather more users, expand visibility, and improve recognition.
● In March 2025, the platform launched globally simultaneously, and major strategic cities will pilot platform promotion transactions.
（2）Medium-term planning
● Expand the platform with all efforts, develop the underlying blockchain technology, and build the NSG technology system.
● Promote and optimize, and achieve viral marketing through domestic joint community publicity.
● Upgrade global publicity, and jointly promote on the homepage of major platforms to greatly increase visibility.
● Build a global trade community, initially contact major global companies, and establish initial strategic cooperation.
● Open financing plan, plan to introduce capital worldwide, and obtain financing development.
（3）Future Planning
● The NSG platform will conduct global roadshows, establish a global ecosystem, and implement platform technology applications.
● With strategic industries as the core, layout the full-scenario payment format, and use this as a basis to extend and build more application scenarios.
● Create a set of cryptocurrencies based on the ‘NSG platform’ and financial infrastructure that serves billions of people around the world, and realize the borderless and barrier-free circulation of digital currencies.
7. Development Plan
7.1 Development Plan
8. Disclaimer
Except as expressly stated in this white paper, the NSG developers do not make any representations or warranties regarding NSG (especially regarding its marketability and specific functions). Anyone who participates in the issuance of NSG is based on his or her own knowledge of NSG and the information in this white paper.
Cameron Goodyear
Financial operations consultant
Dlie Pasha is the co-founder of BitGo Financial Management under AI Chain. He is responsible for the operation and promotion of BitGo Financial Management. At the same time, he joined the NSG team at the invitation of the initiator. He is currently a financial operation consultant. His 30 years of financial experience can help NSG understand the actual needs of users.
Thomas Harris
Leading expert in legal, business and technology integration
Originally from Hong Kong, China, he advises crypto companies, crypto startups, venture capital funds and international policymakers on blockchain solutions. Director of the Private Investment Funds Institute (PIFI). Previously, he worked with Cravath, Swain & Moore LLP (New York) and Goldman Sachs (London).
Ryan Callis
CEO
C language expert, blockchain technology expert, has long been researching the application of blockchain technology in the financial field. He has participated in the cross-platform migration of mining algorithms for virtual currencies such as Bitcoin and ETH and the development and management of mining machine software. He has extensive experience in the technical architecture of virtual digital currency wallets and virtual digital exchanges.
NSG developers hereby expressly disclaim and refuse to assume the following responsibilities:
(1) Any person who violates any country's anti-money laundering, anti-terrorist financing or other regulatory requirements when purchasing NSG.
(2) Any person who violates the requirements or obligations imposed by this white paper when purchasing NSG, and the resulting inability to pay or withdraw NSG.
(3) The coin issuance plan is abandoned for any reason.
(4) The development of NSG fails or is abandoned, and the resulting inability to deliver NSG.
(5) The postponement or extension of NSG development, and the resulting inability to meet the previously disclosed schedule.
(6) Errors, flaws, defects or other problems in the NSG source code.
(7) NSG or NSG fails to implement any specific function or is not suitable for any specific purpose.
(8) Failure to disclose information about NSG development in a timely and complete manner.
(9) Any participant leaks, loses or destroys the wallet private key of the digital cryptocurrency or token (especially the private key of the NSG wallet used by it).
(10) Breach of contract, violation of regulations, infringement, collapse, paralysis, termination or suspension of service, fraud, mis operation, misconduct, error, negligence, bankruptcy, liquidation, dissolution or closure of NSG’s third-party crowdfunding platform.
(11) Any agreement between any person and a third-party crowdfunding platform differs, conflicts or inconsistencies from the content of this white paper.
(12) Any transaction or speculation on NSG by any person.
(13) The listing or delisting of NSG on any exchange.
(14) NSG is classified or deemed by any government, quasi-governmental agency, competent authority or public institution as a currency, security, commercial paper, negotiable instrument, investment or other thing, so that it is prohibited, regulated or restricted by law.
