Aelf (ELF) is an enterprise-focused blockchain platform powered by cloud computing. Leveraging cloud nodes and parallel processing, Aelf is reportedly able to achieve secure transactions at scale for commercial use cases.
Aelf was developed by Ma Haobao, who is also the CEO of Hoopox. The team is backed by the likes of Michael Arrington (CEO of TechCrunch) and the founding partner of FBG Capital.
Aelf is working with the Innovation Alliance to drive blockchain adoption. Aelf aims to enhance the ecosystem by providing a template and infrastructure for interaction between various sidechains.