SINOVATE

SINOVATE (SIN) is a community-owned open-source network composed of pre-existing and innovative blockchain technologies. The various technologies have been carefully chosen to meet challenges like the speed of transactions, network scalability, and security. The goal is to make SINOVATE a user-friendly, innovative, and accessible platform fully integrated into users’ daily lives.

SINOVATE caters to some of the existing problems of the mainstream cloud platforms in the following ways:

1. Privacy: As management can provide data to third parties, the centralized cloud storage unmasks data to breaches and privacy leaks. The stored data can thus be lost or modified.

2. Security: A data center is easier to target for hackers and can be easily located on the network. Centralized storage servers gather in one or several places to reduce the costs. And in case of any malfunction, the data can be lost forever. 

3. Cost: The costs of centralized storage and data migration between different centralized cloud storage platforms are high.

4. Decentralization: The centralized storage provider owners have complete control over the stored data.

5. Speed: File transfer speeds are vital to cloud storage, especially with large files. 

SIN is the first-layer token of the SINOVATE platform.

SINOVATE was launched in September 2018.

The third edition of the SINOVATE whitepaper was launched in 2021.

Tamer Dagli (Cryplander) is the operation manager, and Xuantan Nguyen (Xtdevcoin) is the head of development and big data specialist.