Celes Chain是一个由金融服务/应用驱动的创新型公共链，为监管机构和决策者提供了便利。监管机构是链条上的“超级管理员”，并在各个方面规范Celes Chain及其应用程序。此外，Celes Chain降低了成本并提高了法规的效率。因此，它重建了市场竞争和制度的信心。
Celes Chain智能脚本语言CSSL用于开发CC的业务逻辑，＆nbsp;包括代码，应用程序，智能合约和结算等服务。＆nbsp;功能 - 包括图灵完成，消费评估，自动执行，兼容法律合规性，易于使用和隐私保护等等＆ndash;支持我们的最终目标：“代码就是法律”。＆nbsp; Celes Chain拥有专门用于将业务逻辑转换为法律文档的编译器。我们将监管机构设置为特殊用户，最大限度地访问整个Celes链中的所有级别，所有数据和用户信息。
1.3.2 Regulators Uses Celes Chain: Less Cost and be More
Effective to Prevent the next Potential Financial Crises
In order to prevent the next financial crisis, the regulators, including the central banks, securities agencies or other financial regulators, are using a remedialmeasure: first of all, they try to repair the existing compliance systems and thenupgrade the IT technology. Finally they try to improve the whole system. Althoughthis approach is easy to get started, there are also huge drawbacks:
(1) Huge amount of data to be processed: This includes the amount and timing which the industry needs to submit through their old systems. Also regulators need to have a new system ready to process such big amount of the data. It would be a huge challenge to the bank's IT system.
(2) Legal Documents and Regulatory Costs: Every single bill has a vast of documents with high enforcement costs.
(3) Social costs can be as high as hundreds of billions of dollars and tens of millions of working hours. In addition to the social costs, it can also cost the government billions of dollars. And such project usually is a progressive development, and it is difficult to predict the total cost.
(4) It could take years for the implementations even if the financial institutions are
willing to cooperate.
First of all, our Celes Chain is a public-chain blockchain system that uses innovative consensus. The data generated by those financial applications built on our system, are not able to be falsified. They are also transparent and visible to regulatory compliance and analysis. It easily solves the first problem above.
Second, all the laws, regulations, and smart contracts are stored in Celes Chain in the form of codes and executed automatically by the Celes Virtual Machine (CVM), effectively solving the second problem above.
Like the other financial institutions, government regulators conduct their financial activities by participating in regulation activities on Celes Chain and pay a certain amount of token to miners. Since the miner operations are fully decentralized and competitive, the regulatory costs will be significantly lower than the regulatory costs currently required.
In theory, any regulation implemented on Celes Chain is considered to be "real-time". Regulators can also do a variety of "stress tests" if needed. By using a common platform, financial institutions will be much faster than traditional way when they try to adopt to new regulations. Although regulation at Celes Chain can save hundreds of billions of dollars in costs and is highly efficient, regulators do not need to force financial institutions to use the platform through additional laws and regulations. The only thing the regulators need is to be compatible with this Celes Chain, and financial institutions will voluntarily choose to use Celes Chain because of cost and efficiency considerations. In addition, because Celes Chain is a public chain, this reduces the doubts of financial institutions when considering to participate the chain.
1.3.3 Financial Institutions Uses Celes Chain: Cost Saving and Return Increasing
There are many reasons why financial institutions should choose Celes Chain, but only this one is the most important: to increase shareholder return. Financial institutions can increase shareholder return in the following ways.
(1) Reduce the costs of regulation, compliance and arbitration: The theoretical costs for financial institutions to respond to various types of regulation at Celes10
Chain can be almost zero. In the most extreme circumstances, some financial institutions might have their profit before tax increased by 30% . Moreover, as regulatory compliance becomes more transparent and contracts are written and stored on Celes Chain, this will significantly reduce the costs of arbitration due to disagreement.
(2) Reduce the operation cost from the back office : the use of smart contracts can greatly reduce operational risk. Because smart contracts are automatically executed by virtual machines and settled.
(3) Reduce possible losses: The use of blockchain / public chain can be more effective in managing counterparty risk.
(4) Generates more profits: financial institutions can access a larger market more easily and quickly to develop valuable products.
1.3.4 Final Users of Celes Chain Could Have a Safe and Effective Service
Users use financial services through Celes Chain for better pricing and security. As financial institutions can produce financial products with lower costs. At the same time, the users can enjoy lower prices and higher quality of service.End-users can easily identify whether the purchased product is in compliance with regulation; with a proper risk disclosure and safe.
DPoW结合PoW（工作证明）和PoB（刻录证明）： PoW，一种较慢的工作证明，用于为烧伤生成木材。然后，PoB被用来加速焚烧，并通过燃烧木材作为奖励以及生产块来挖掘。 如果Celes Chain变得有价值，外部哈希能力可以通过PoW间接奖励，这证明了真正的分权。 PoB可用于生成令牌并以更高的速度生成块，这对于大规模应用更有效。
2017 Q3: Feasibility study
2018 Q1: White Paper Draft
2018.5: White Paper Release
2018.5: Identify the development framework
2018.8: Complete DPOW consensus
2018.9: Smart Contract 1.0 online
2018 Q4: Test network online
2019 Q1: Main network boot
$71 161 778
$13 800 000
Strength and Opportunities:Among the investors of Celes Chain are recognized venture capital firms in the cryptocurrency space. Fenbushi Capital, who is an investor and partner of NEO is one of them. Other investors are Starwin Capital, Block VC, Northern Light, and PreAngel.Weaknesses and Threats:The consensus mechanism used by Celes has so far not been sufficiently tested. As long as a new consensus mechanism has not been extensively analyzed by academic professionals, tested under real world circumstances and been functional without any complications for several months a new consensus mechanism should be considered as risky. These uncertainties around the design of the blockchain will make it hard to gain adoption by users, investors and enterprises. It will be very difficult for a relatively new blockchain like Celes to obtain the interest of regulatory agencies. Why should regulatory agencies work together with the Celes Chain, when they have not yet reached final conclusions about the validity of significantly larger public blockchains such as Ethereum?Verdict:The Celes Chain white paper is not clear why the global financial regulatory institutions should use the Celes Chain for conducting their financial supervisory activities. Realistically the contrarian scenario which implies that this adoption by regulatory agency will not happen, must be considered as the much likelier one. The public sector and in particular regulatory agencies will be among the last adopters of blockchain technology. Private enterprises and consumers will most likely adopt this technology much earlier. Without this adoption the potential use cases of the Celes Chain are very restricted. Celes Chain has influential private investors, but ICO participants need to ask themself if this is enough for a successful ICO and later on a positive development of the token.