GBC Workflow

What is “GBC Business”?

GBC Business is an emerging concept that combines blockchain technology with business models. It’s not a single, fixed definition, but rather refers to:

Core Concepts of Blockchain Business

Blockchain Business typically refers to participants or business activities that leverage the characteristics of blockchain technology to innovate or optimize traditional business models. Its core principles are:

• Decentralization and Trust: By utilizing blockchain’s decentralized, immutable, and transparent features, it builds “machine trust” between all participating parties. This reduces reliance on traditional centralized institutions (like banks or platform intermediaries), thereby lowering transaction costs and potential risks.
• Direct Value Transfer: Through smart contracts, it automates the point-to-point allocation and transfer of value and information. This eliminates friction and delays from intermediary steps, allowing all roles in the chain—such as suppliers, producers, distributors, retailers, and even consumers—to participate and share value more directly and transparently.
• Incentive Mechanisms (Token Economy): Blockchain Business models often build economic incentive models by issuing “tokens.” These tokens can be used to reward participants within the ecosystem (e.g., for contributing data, promoting products, providing services), fostering community collaboration and ecosystem prosperity.
• On-Chain Data and Assets: Moving product traceability information, transaction records, and even physical assets (through “tokenization”) onto the blockchain ensures the authenticity, transparency, and immutability of data.

The Evolution of GBC Business from Traditional Business

GBC Business can be understood as the next evolution of business relationships and models after “E-commerce” (electronic commerce) and “WeChat Commerce” (personal commerce based on social media), utilizing blockchain technology for further upgrades.

• Traditional Commerce: Highly centralized, relying on intermediaries and credit institutions.
• E-commerce: Uses online platforms for transactions, improving efficiency but still incurring platform fees and trust barriers.
• WeChat Commerce: Relies on personal social relationships; trust is based on interpersonal connections, but scale and efficiency are limited.
• GBC Business: Aims to leverage blockchain’s technological trust and token incentives to build a flatter, more transparent, more efficient, and incentive-aligned business ecosystem.

Scope of GBC Business Applications

The application scope of GBC Business is very broad. Almost all business scenarios involving supply chains, data flows, capital flows, and multi-party collaboration can be reshaped by blockchain technology, such as:

• Supply Chain Management: Product traceability, logistics tracking, supply chain finance.
• E-commerce: Decentralized e-commerce platforms, cross-border trade, consumer data ownership.
• Content Industry: Copyright protection, content distribution, creator economy.
• Financial Services: Digital asset issuance, payment settlement, asset tokenization.
• Gaming and Entertainment: Digital asset ownership (NFTs), in-game economic systems.

In short, GBC Business is a new type of business model based on blockchain technology, utilizing smart contracts and a token economy to establish a more efficient, transparent, decentralized, and mutually beneficial system for all parties.