Bit Trust System Whitepaper
The Bit Trust System whitepaper was recently released by the project's core team, aiming to address the growing need for trust reconstruction in new economic and financial sectors such as e-commerce, the sharing economy, P2P, and crowdfunding.
The theme of the Bit Trust System whitepaper can be summarized as "an electronic trust system based on peer-to-peer technology." What makes Bit Trust System unique is its use of peer-to-peer technology to build an electronic trust system, enabling decentralized reconstruction of trust; its significance lies in providing an innovative trust solution for new economic and financial fields without the need for centralized intermediaries.
The original intention of Bit Trust System is to solve the problems of trust deficiency or inefficiency under traditional centralized models. The core viewpoint presented in the Bit Trust System whitepaper is that by building a decentralized peer-to-peer electronic trust system, trust relationships can be effectively reconstructed in multi-party collaboration scenarios, thereby promoting the healthy development of new economic models.