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Thai Nhat Minh | Stably: First of all, can you have a brief introduction about yourself as well as about Chromia? Henrik_hjelte, Sergelubkin Henrik Hjelte: Hello. My name is Henrik Hjelte. I am Co-Founder and CEO of Chromia. I have more than 30 years of experience in programming and a degree in Economics from Uppsala University. BTW economics and computers = blockchain, so finally found a job that fits me. I was introduced to the blockchain by the leader of the colored-coins project Alex Mizrahi in 2013 Colored coins project was a very influential thing It was the first way for user created tokens bolted on to the only blockchain at the time (almost) bitcoin We started ChromaWay 2014, with Or Perelman too, to explore if the world was interested in “tokens” and those kind of applications We worked with enterprise blockchain for some time, but now we are focused on Chromia, a new public platform for mainstream decentralized applications using relational blockchain technology. Ok, maybe I should tell something about Chromia and not myself too. Chromia is a better blockchain for building decentralized Apps. better because it follows the “normal worlds” way of managing data. A little history: I found a text/description to paste: Chromia is a brainchild of ChromaWay. ChromaWay has a long record of delivering pioneering projects around the world. We issued Euros on the Bitcoin blockchain with LHV bank, allowed investors to invest in startups in a wholly decentralized way with Funderbeam, digitized the title transfer process with the Swedish land registry, and mediated the green bond market. ChromaWay’s core team created the world’s first protocol to issue tokens already in 2012, when blockchain was called “bitcoin 2.0”. Then ChromaWay introduced the relational model to enterprise blockchains with a consortium database called Postchain. Now Postchain is going public as the foundation for Chromia, a better blockchain for building decentralised Apps. Chromia is a new public blockchain based on the idea of integrating traditional databases, Relational databases with blockchain security. Chromia is a general purpose blockchain with full smart contract capabilities, just that it is a lot easier to code, even complex applications. You code with an easy to learn new programming language that combines the power of SQL and normal languages but makes it secure in a blockchain context. Up to 1/10 the code-lines vs other blockchains. If you don’t believe me, check this blog (later, stay in the chat): https://blog.chromia.com/reasons-for-rell-compactness/ The aim of Chromia is to combine relational databases, which exist in every kind of organization, with blockchains. We want to provide a platform for our users to develop totally decentralized apps securely. Our goal is for Chromia to be seen as the number one infrastructure for decentralized applications. Think about it: blockchain is about managing data (in a shared context). And… What do we use to manage data? A Database! Serge: Sure! My name is Serge! And I work in Chromia marketing department. Also, I help coordinate various projects inside the company My background is in Economics and Marketing Thai Nhat Minh | Stably: Question 1️⃣ DApp is currently mainly concentrated in the field of games, and its life cycle is basically short, just like the Crypto Kitty is only hot for a while, how to dig the application of DApp in more fields and how to improve the utilization rate of DApp? u/henrik_hjelteu/sergelubkin Serge: Good one, let me answer Gaming is quite a challenging target because good UX is expected, it needs to be fast, responsive, etc. If we can do that, then we can also do all sorts of other stuff. Also, it lets us experiment with things without a lot of hassle, it’s easier to get users, and so on. It’s also a growing niche within blockchain. You can check our latest game, Mines of Dalarnia https://www.minesofdalarnia.com We also have Enterprise projects already, for example Green Assets Wallet https://greenassetswallet.org/about that already launched on the first Mainnet version called Bootstrap Net,we also have https://capchap.se built on our tech, more projects like non-profit review platform Impactoria, public land registries, medical projects and so on Also don’t forget about our fully decentralized social network/forum that is live already on the testnet https://testnet.chromunity.com. Thai Nhat Minh | Stably: Question 2️⃣ How will dapp face the world change after the epidemic? u/henrik_hjelteu/sergelubkin Henrik Hjelte: Nobody can say for sure, but maybe people will tend to be online more than offline, so demand on online products and dapps as well will increase. I just came in from an internal demo of a secret project we do, and it can be seen as a way to hang out online (a bit cryptic answer) There are also interesting use cases of dapps in the medical field. For example, we participated in the world-wide hackathon Hack for Sweden. Where our submission was to create an app on Chromia blockchain that increases the coordination between countries and hospitals especially during the hard time and COVID19. Chromia wants to help the European Union (and the world, but we saw problems in the EU…) and its citizens to provide transparency over the necessary medical and protective devices and appliances of which we see shortage during this emergency crisis. You can watch our promo here https://twitter.com/chromaway/status/1247557274337447938?s=20. For me it was a fun Hackathon too because for once I got the opportunity to code… I told everyone else I will not do any bossing… We try to continue this path on medical applications a bit. Thai Nhat Minh | Stably: Question 3️⃣ DApps are still not directly embedded in mobile phones like Apps at this moment, and DApps have also been flooded with bet content. How can guests increase the use of DApps and lower the threshold for using DApps? u/henrik_hjelteu/sergelubkin Serge: The answer is — better User Experience. We believe that in order for a DApp to be usable and become more widely accepted it has to feel like a normal App. A DApp needs to have quick transactions, scale well & shouldn’t require users to pay for each transaction. This is something that is possible now with using Chromia. It’s an extremely exciting time since we are going to see a new generation of DApps. On top of that, we think that we might have an ace coming up. We have built a game to demonstrate the powers and possibilities of Chromia. A little bit about the game: In Mines of Dalarnia (https://www.minesofdalarnia.com), players get to explore the vast expanses of interplanetary treasure mines. With an innovative Dalarnia Token system, players can purchase virtual mining plots, and put them up for rent into the community, allowing for real-estate tycoons to earn more Tokens. Mining plots can also undergo their own upgrades, making them more lucrative to explore, as well as a hot property for rental by miners. The game takes advantage of these NFT-based tokens to securely track exchanges, and provide a sense of ownership and wealth to players as they grow their mining and resource empire. Watch our trailer https://youtu.be/bDXKOp1Asqw and sign-up for the TestNet on the website! Thai Nhat Minh | Stably: Question 4️⃣ Many practitioners think that the main reason for restricting the development of DApp is “incomplete infrastructure”. How effective is the current “cross-chain” and “side-chain” solution? u/henrik_hjelteu/sergelubkin Serge: Our infrastructure resembles Alibaba Cloud, so a DApp developer just goes and deploys his DApp’s blockchain into it, it’s easy. Also our language Rell https://rell.chromia.com/en/maste is more robust than any other blockchain programming language.Or Azure or AWS Rell combines the following features:
Relational data modeling and queries similar to SQL. People familiar with SQL should feel at home once they learn the new syntax.
Normal programming constructs: variables, loops, functions, collections, etc.
Constructs which specifically target application backends and, in particular, blockchain-style programming including request routing, authorization, etc.
We want people to join our channels such as telegram, twitter, email also our decentralized forum https://testnet.chromunity.com and participate in discussions
We want people to try our dapps such as Mines of Dalarnia
We want to get feedback and understand the most important issues people care about Chromia and the blockchain industry in general
We want to get more developers building on top of Chromia
LBTS: What was your motivation for creating RELL and not use other languages? What benefits? Why name it RELL also? Henrik Hjelte: We have a private/federated relational blockchain called Postchain, and it allows SQL. But that can work in a small environment when you know all parties, and if you are really careful in checking code. But not for a more secure, distributed on the web setup, so we had to make it more secure (Deterministic, statically typed). In the process, we also took the opportunity to make it cool and nice. Also: it is simply not possibly to use evm, jvm, or web assembly. We need/want a database in the bottom. Postgresql is our virtual machine. You do not reimplement that…. 10+ years codebase…. Lee: Being part of the gamer community, I would like to know what you would think about collaborating with a MOBA, RPG or Arcade game or some kind of project? Henrik Hjelte: We are already collaborating with some smaller studios. For bigger fish, we want to show them what is completely unique and visionary with Chromia, and we think we need various examples. So, first arcade game MoD (linked above) is one example, it is not the full potential or anything but a start. In this summer, krystopia 2 a puzzle game from Antler Interactive will be released. What is even cooler is the “demo project” we do together with them, where we will show how a mutliplayer game with real blockchain features will work. I just saw it an hour ago and was blown away OH, and there is another studio releasing something very cool. Full logic on chain strategy game. Chain of Alliance. oyibo pepper: Do you encourage HACKATHON programs for intending Developers to test their skills and build on RELL Can you explain more about CHROMIA AMBASSADORS PROGRAM, CAN I BECOME AN AMBASSADOR Serge: Yes, you can, but you will need to change your avatar 🤣 Seriously, we are growing our Chromians community if you want to become one please ping our admins in Chromia telegram group. Also, we are planning virtual hackathons soon, please subscribe to stay updated Infinite Crypto: Since the Chromia project is currently working on the Ethereum blockchain ERC20 standard! But we know that there are a lot of scalability issues with Ethereum, so why would you choose the Ethereum blockchain over other scalable blockchains? Do you have any plans for Mainnet launch of Chromia? Henrik Hjelte: ETH is just used in a pre-phase for tokens. We will have our own mainnet tokens interchangable with ETH. Oyinbo pepper What’s CHROMIA SSO and SDK, how can I get started Henrik Hjelte Both are 3 letters. That is what they have in common. SDK = software development kit, check docs on https://rell.chromia.com SSO = single sign on. A unique UX improvement. You approve an app in your wallet (vault) with super ease. no need to remember codes sso: https://blog.chromia.com/chromia-sso-the-whys-and-the-whats/ We have a fundamentally different model from bitcoin and ethereum and the likes. The blockchain is not run by anonymous computers in basement and student dorms across the world. We have more of known identities, so 51% attacks is protected not by PoW/PoS but other consensus. Please see our whitepaper. Note that we are not noobs when it comes to this, our CTO Alex has published papers in academic journals on consensus etc. from 2013, and done several important ideas for blockchain. Sidechains we think he was first with, tokens too. Sheron Fernando: Is there any plan to makes partnership with local cryptocurrency developers from each country to make $CHR usage more worldwide? Serge: Yes, we are looking for cooperation with more external developers. Send me a message if you are interested in developing something on Chromia. Stella: What are the underlying problems in the Dapps today that can be solved with the Chromia protocol? Serge:
Scalability — on Chromia your dapp can have unlimited numbers of users thanks to parallel scaling
Easiness of use — you don’t need external wallets, no need to buy crypto to pay for gas etc
Cost — in general to deploy the dapp and to use the dapp
Marcel Lagacé: Why build this platform? What is Chromia mission? What are the most prominent features of the platform? Can you clarify the use case for this feature? Henrik Hjelte: We build the platform to fix the problems with blockchains, that we ourselves have experienced since 2014 (before ethereum existed). LBTS: Can you tell us about Chromia developers? How motivated and experienced are they to always deliver the best products? Henrik Hjelte: I can tell you that we recruit developers that are really good, from all parts of the world. Vietnam has been a hub because we found many good, so in Ukraine. How can we say “we have so good developers”? First one thing that is a bit different is that we are pretty experienced in leadership team of development. I do not code much anymore since I’m a CEO. But I do have now over 30 years of experience. Got published and was payed when I was 15. First full-time professional developer job at 18. Have released open-source projects used by 10: s of thousand developers. And Alex, our CTO is Extremely good. That is why I recruited him to my old startup 2006 or so… So: we have experience to sort out good developers from bad. Marcel Lagacé: Does Chromia staking model is different from other staking platform?? What are the beneficial advantages of chromia staking system? Serge: The main difference is that we have independent Providers, entities that are not connected. These serious players are exchanges, data centres, professional staking companies. They provide a backbone of the ecosystem and host dapps. Like Amazon servers in the cloud. They cannot have stake bigger than the maximum thus they can’t control the network. This is probably the main difference with classic DPoS networks Nguyen Duy Bao: A lot of people will want to know what the strength of Chromia is but I want to know the weaknesses and problems Chromia faces ? How do you plan to solve it? Henrik Hjelte: A weakness I guess is weak compared to “competition”. And there are some blockchain projects that got crazy amount of funding. So how can we compete with that, when they can hire more developers for example? Well here is what experience comes into play: More developers does not always increase productivity a lot, it is diminishing returns. You can see many large projects, with 100 of developers fail miserably with no results. And actually, sometimes true with marketing spend too. It is generally good with money, but if you are a bit clever you can compete also on marketing with less money than your competition. Please follow Chromia on Social Media: Website: https://www.chromia.com Twitter: https://twitter.com/chromia FaceBook: https://www.facebook.com/teamchromia LinkedIn: https://www.linkedin.com/company/chromia Telegram: https://t.me/hellochromia Decentralized Social network Chromunity: https://testnet.chromunity.com Free-to-Play Blockchain Game Mines of Dalarnia: https://www.minesofdalarnia.com
The prevalence of the cryptocurrency allows us to look at ways and advances that guarantee your openness to ordinary people. As the cryptocurrency markets are in turmoil, the industry continues to build and move forward with exciting new developments. Organizing Auditchain is a leader in developing the world's first decentralized continuous audit and real time financial reporting protocol ecosystem for digital asset and enterprise assurance and disclosure. Oir's goal is to enable continuous external validation of enterprise systems and control, financial data and disclosure control environments through a network of CPAs and Chartered Accountants. The dcarpe Alliance is a consortium of CPAs, accountants, business software vendors and developers, which contributes resources to the development and driving adoption of the dcarpe Assurance and Disclosure Protocol. And we believe that the audichain organization can strengthen it with a proper and reliable framework. Introduction of Auditchain Self-auditing status of a distributed ledger and the validation of transactions first took place on January 4, 2009, with the start of the genesis block of the Bitcoin-blockchain. A continuous audit develops in theory and practice. His practice is mainly limited to internal reporting. The application of legally compliant accounting methods to transactions and reporting system risk controls that occur in most business processes is now theoretically possible simultaneously within and using configurable "Ricardian" smart contracts in a decentralized continuous audit environment according to the ssae 18 and IASe 3402 standards , Such contracts, as proposed in this paper, do not store value but execute orders. Auditchain proposes to embody an ecosystem that includes a blockchain protocol and an open source library of accounting smart contracts sufficient to continuously capture, process, review and report on corporate data and performance data in real time. A public facing and / or permission-based presentation layer suggests rendering in real time at the end of each block; Balance Sheet, Income Statement, Cash Flow and Changes in Equity Report of Shareholders who are able to outperform the reliability of existing reporting standards. The dcarpe ™ implementation leverages the self-auditing state of a blockchain with these additional layers of extensibility designed specifically for the development and deployment of distributed enterprise applications that provide stakeholders with real-time presentation of financial, operational, development, and network statistics report every block report. The solution audio track Auditchain develops a real-time digital automated and distributed audit of companies, non-profit companies and governments. Auditchain is a blockchain where professional certified auditors can run specialized audit nodes. The company's year-end data is recorded in the Auditchain network in near real-time. The external auditors then act similar to the external auditors The Bitcoin or Ethereum blockchains and externally validate the data for integrity and veracity. These reviews can then be retrieved by third parties in real time via audio stores DCARPETM Explorer. The dcarpe explorer is a block explorer as well as an enterprise audit and reporting interface. Streaming Finance Pass and AUDT AnalyticsTM are accessed through dcarpetm Explorer. This solves the two errors in the current audit methodology: the certified professional auditors who run the nodes are not directly connected to the company you are auditing. The company needs to customize its systems and provide real-time data from its internal systems, which removes the time that data can be changed. AUDT Token AUDITCHAIN - NETWORK ACCESS The audt token unlocks a range of applications and the most robust and secure distributed network of enterprise assurance and reporting services. AUDIT CHAIN NETWORK SERVICES The audt token is the base currency and utility for enterprise application service, assurance, and disclosure payments. AUDT unlocks network services that provide investors and stakeholders with the highest levels of transparency at a fraction of the cost of traditional auditing and reporting. INTEROPERABILITY OF THE AUDITCHAIN NETWORK As a layer-two protocol, Auditchain provides seamless interoperability between private and public blockchains, enabling robust utility and nuclear settlement of trade debtors. AUDT FEES Corporate AUDT fees can be reduced to zero through subscription revenue and equity ownership in the decentralized trustless assurance ecosystem. PREMIUM STAKEHOLDER ASSURANCE AUDT enables stakeholders to unlock and view granular business audit analytics and financial performance details that provide the highest levels of business system visibility, control statistics, and real-time financial performance. AUDT Token Economics THE audt token is consumed by staking from companies, CPAs, Chartered accountants, enterprise software vendors and other service providers. Staking will encourage incentives to provide uninterrupted service and reduce the cost of network services and enforce a fair and balanced gamified token currency system. AUDT is also maintained and consumed by subscribers to the dcarpe Explorers, who subscribe to a wealth of access to detailed digital asset and company accounts and audit analytics data. In addition, third-party service subscriptions enable the creation of dynamically updatable research reports on selected digital assets via the dcarpe Explorer. The audt-token functionality provides the new decentralized corporate world. This is what drives the security of the modern enterprise, from initial certification through early detection and remediation to the disclosure of real-time financial and audit analytics with the highest integrity through consensus-based external business validation. https://auditchain.com/
I would like to warmly welcome everyone to waltonchain This is an updated, extended community-written post and I will try to update it regularly over time.
Please respect our rules (see sidebar) and feel free to comment, contribute and ask questions. Don’t forget to subscribe to the subreddit for any news on Waltonchain!
What is Waltonchain?
The Waltonchain Foundation is building a cross-industry, cross-data sharing platform by integrating Blockchain with the Internet of Things through self-developed RFID Chips with intellectual property rights. The in-house developed Waltonchain RFID chips integrate a proprietary, genuine random number generator and an asymmetric encryption logic and hardware signature circuit, all of which are patent-protected. The combination of self-developed RFID chips and the Waltonchain blockchain will ultimately achieve the interconnection of all things and create a genuine, believable, traceable businessmodel with totally shared data and transparent information. Waltonchain will unfold a new era of the Value Internet of Things (VIoT).
The Waltonchain team has formulated a 4-phase development plan, starting from infrastructure platform establishment to gradually incorporating retail, logistics and product manufacturing, and to finally achieving the full coverage of the business ecosystem.
As for the phase 1.0 of the project, the team has developed the clothing system integration scheme based on RFID. The application scenarios at phase 1.0 will establish Golden demonstration template At phase 2.0, our RFID beacon chip will be massproduced and can be used in clothing, B2C retail and logistics. At phase 3.0, manufacturers will achieve traceable customization of intelligent packaging. At the project phase 4.0, with the upgrading and iteration of assets information collection hardware and improvement of blockchain data structure, all assets can be registered in Waltonchain in the future.
Do Sanghyuk (都相爀) – Initiator in Korea Korean, Vice Chairman of the China - Korea Cultural Exchange Development Committee, Director of the Korea Standard Products Association, Chairman of Seongnam Branch of the Korea Small and Medium Enterprises Committee, Chairman of Korea NC Technology Co., Ltd., Senior Reporter of IT TODAY News, Senior Reporter of NEWS PAPER Economic Department, Director of ET NEWS.
Xu Fangcheng (许芳呈) – Initiator in China Chinese, majored in Business Management, former Director for Supply Chain Management of Septwolves Group Ltd., has rich practical experience in supply chain management and purchasing process management. Currently, he is the Director of Shenzhen Silicon, the Director of Xiamen Silicon and the Board Chairman of Quanzhou Silicon. He is also one of our Angel investors.
Kim Suk ki (金锡基) Korean, South Koreas electronics industry leader, Doctor of Engineering (graduated from the University of Minnesota), Professor of Korea University, previously worked at Bell Labs and Honeywell USA, served as vice president of Samsung Electronics, senior expert in integrated circuit design field, IEEE Senior Member, Vice President of the Korea Institute of Electrical Engineers, Chairman of the Korea Semiconductor Industry Association. Has published more than 250 academic papers with more than 60 patents.
Zhu Yanping (朱延平) Taiwanese, China, Doctor of Engineering (graduated from National Cheng Kung University), Chairman of the Taiwan Cloud Services Association, Director of Information Management Department of National Chung Hsing University. Has won the Youth Invention Award by Taiwan Ministry of Education and Taiwan Top Ten Information Talent Award. Has deeply studied blockchain applications over the years and led a block chain technology team to develop systems for health big data and agricultural traceability projects.
Mo Bing (莫冰) Chinese, Doctor of Engineering (graduated from Harbin Institute of Technology), Research Professor of Korea University, Distinguished Fellow of Sun Yat - sen University, Internet of Things expert, integrated circuit expert, Senior Member of Chinese Society of Micro-Nano Technology, IEEE Member. Has published more than 20 papers and applied for 18 invention patents. Began his research of BitCoin in 2013, one of the earliest users of btc 38.com and Korea korbit. Served as Technical Director of Korea University to cooperate with Samsung Group to complete the project Multi sensor data interaction and fusion based on peer to peer network. Committed to the integration of block chain technology and Internet of Things to create a real commercialized public chain.
Wei Songjie (魏松杰) Chinese, Doctor of Engineering (graduated from the University of Delaware), Associate Professor of Nanjing University of Science and Technology, Core Member and Master Supervisor of Network Space Security Engineering Research Institute, Block Chain Technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
Shan Liang (单良) Graduated from KOREATECH (Korea University of Technology and Education) Mechanical Engineering Department, Venture Capital PhD, GM of Waltonchain Technology Co., Ltd. (Korea), Director of Korea Sungkyun Technology Co., Ltd., Chinese Market Manager of the heating component manufacturer NHTECH, a subsidiary of Samsung SDI, economic group leader of the Friendship Association of Chinese Doctoral Students in Korea, one of the earliest users of Korbit, senior digital money player.
Chen Zhangrong (陈樟荣) Chinese, graduated in Business Management, received a BBA degree in Armstrong University in the United States, President of TIANYU INTERNATIONAL GROUP LIMITED, leader of Chinese clothing accessories industry, Chinas well-known business mentor, guest of the CCTV2 Win in China show in 2008. Researcher in the field of thinking training for Practical Business Intelligence e-commerce and MONEYYOU course, expert on success for Profit Model course. Began to contact Bitcoin in 2013 with a strong interest and in-depth study of digital money and decentralized management thinking. Has a wealth of practical experience in the business management, market research, channel construction, business cooperation and business model.
Lin Herui (林和瑞) Chinese, Dean of Xiamen Zhongchuan Internet of Things Industry Research Institute, Chairman of Xiamen Citylink Technology Co., Ltd., Chairman of Xiamen IOT. He successively served as Nokia RD Manager and Product Manager, Microsoft Hardware Department Supply Chain Director. In 2014, started to set up a number of IoT enterprises and laid out the industrial chain of the Internet of Things. The products and services developed under his guidance are very popular. Assisted the government in carrying out industrial and policy research and participated in planning of multiple government projects of smart cities, IoT towns and project reviews.
Ma Xingyi (马兴毅) Chinese, China Scholarship Council (CSC) special student, Doctor of Engineering of Korea University, Research Professor of Fusion Chemical Systems Institute of Korea University, Korea Sungkyun Technology Co., Ltd. CEO, Member of Korea Industry Association, Associate Member of the Royal Society of Chemistry, has published his research results in the worlds top journal Nature Communications and participated in the preparation of a series of teaching materials for Internet of Things engineering titled Introduction to the Internet of Things. His current research direction covers cross-disciplines that combine blockchain technology with intelligent medical technology.
Zhao Haiming (赵海明) Chinese, Doctor of Chemical Conductive Polymer of Sungkyunkwan University, core member of Korea BK21th conductive polymer project, researcher of Korea Gyeonggi Institute of Sensor, researcher of Korea ECO NCTech Co., Ltd., Vice President of the Chinese Chamber of Commerce, Director of Korea Sungkyun Technology Co., Ltd. He has been engaged in transfer of semiconductor, sensor and other technologies in South Korea. He is an early participant of the digital currency market.
Liu Cai (刘才) Chinese, Master of Engineering, has 12 years of experience in design and verification of VLSI and a wealth of practical project experience in RFID chip design process, SOC chip architecture, digital-analog hybrid circuit design, including algorithm design, RTL design, simulation verification, FPGA prototype verification, DC synthesis, backend PR, package testing, etc. Has led a team to complete the development of a variety of navigation and positioning baseband chips and communication baseband chips, finished a series of AES, DES and other encryption module designs, won the first prize of GNSS and LBS Association of China for scientific and technological progress. Finally, he is an expert in the consensus mechanism principle of blockchain and the related asymmetric encryption algorithm.
Yang Feng (杨锋) Chinese, Master of Engineering, worked at ZTE. Artificial intelligence expert, integrated circuit expert. Has 12 years of experience in VLSI research and development, architecture design and verification and 5 years of research experience in artificial intelligence and the genetic algorithm. Has won the Shenzhen Science and Technology Innovation Award. Has done an in-depth research on the principle and realization of the RFID technology, the underlying infrastructure of blockchain, smart contracts and the consensus mechanism algorithm.
Guo Jianping (郭建平) Chinese, Doctor of Engineering (graduated from the Chinese University of Hong Kong), Associate Professor of the Hundred Talents Program of Sun Yat-sen University, academic advisor of masters degree students, IEEE senior member, integrated circuit expert. Has published more than 40 international journal conference papers in the field of IC design and applied for 16 patents in China.
Huang Ruimin (黄锐敏) Chinese, Doctor of Engineering (graduated from the University of Freiburg, Germany), academic advisor of masters degree students, lecturer of the Department of Electronics of Huaqiao University, integrated circuit expert. Mainly explores digital signal processing circuit and system implementation and works on digital signal processing technology long-term research and development.
Guo Rongxin (郭荣新) Chinese, Master of Engineering, Deputy Director of the Communication Technology Research Center of Huaqiao University. Has more than 10 years of experience in design and development of hardware and software for embedded systems, works on the long-term research and development of RFID and blockchain technology in the field of Internet of Things.
Dai Minhua (戴闽华) Chinese, graduated in Business Management, received a BBA degree from Armstrong University, senior financial expert, served as Vice President and CFO of Tanyu International Group Co., Ltd. Has 13 years of financial work experience, has a wealth of experience in developing and implementing enterprise strategy and business plans, as well as achieving business management objectives and development goals.
Liu Dongxin (刘东欣) Chinese, received an MBA from China Europe International Business School, Visiting Scholar of Kellogg School of Management at Northwestern University, strategic management consulting expert, investment and financing expert. His current research interest lies in the impact of the blockchain technology on the financial sector.
Song Guoping (宋国平) Qiu Jun (邱俊) Yan Xiaoqian (严小铅) Lin Jingwei (林敬伟) He Honglian (何红连)
Ko Sang Tae (高尚台) Liu Xiaowei (刘晓为) Su Yan (苏岩) Zhang Yan (张岩) Ma Pingping (马萍萍) Peng Xiande (彭先德) Fu Ke (傅克) Xiao Guangjian (肖光坚) Li Xiong (李雄)
ShareRing The world’s first web platform for sharing goods and services. One way to pay for sharing everything, no matter what it is or where you are. ShareRing is an on-demand platform that connects the highly fragmented sharing economy by bringing together sharing services across all industries and geographies. Using our decentralized marketplace, users can securely access, connect, and pay for services anywhere in the world. We’re developing an ecosystem that is essentially the Amazon for the sharing economy. Our pilot online marketplace is launching in November in parts of Australia, Hong Kong, and The United States. Be sure to follow the most recent updates on our Medium or Telegram Announcements channel
ShareToken (SHR) trades live on DX.Exchange once DX has finished their soft launch!
Keaz is the sister company of ShareRing and a global leader in white label car-sharing solutions. Established in 2013, Keaz clients include Toyota Fleet Management in Australia, Envoy of California, and YooGo who was recently promoted by the PM of New Zealand. Keaz is a private company serving (both corporate and consumer) in over 300 locations in New Zealand, USA, and Australia. We have offices in Australia, Hong Kong, Vietnam, San Diego, and Denver.
MOBI The mobility open blockchain initiative. Alliance of almost 70% of the world's large automakers, along with many start-ups, non-profits, governments, transit agencies, and technology companies working to make mobility services more efficient, affordable, greener, safer and less congested.
DJI Drones We are happy to announce DJI as a foundation partner of ShareRing. We will be working with them and their Australian distributors to provide an online service for them to share/rent their drones to governments, corporations, and for trade/events.
BYD Here’s a quote from Wing You, the country manager of BYD Australia: “BYD are very excited to work with ShareRing in Australia on this project, this is also a great opportunity for BYD to show our EV technology.” BYD Ranks #1 in the world for electric car sales and will be the first foundation customer of ShareRing
Keaz,The team behind ShareRing already has experience in the sharing economy after starting the vehicle-sharing brand Keaz in the middle of 2013. Keaz will be the first client integrated into the ShareLedger.
YooGo, an established white label client of Keaz now partners with ShareRing. Yoogo recently launched a 100% electric car initiative through the promotion with the prime minister of New Zealand. Yoogo completed a 100 electric vehicle deployment for the city of Christchurch and will aim for Auckland as its next destination.
For a complete list of our partners, please visit our website
Century Link Bright Ideas How SMBs Can Take Advantage of the Red-hot Sharing Economy 10/24/18 Finder What Do You Get When You Cross the Sharing Economy with Blockchian? 10/22/18 Smart Company The Three Steps Keaz Founder Tim Bos Took After Realising an Employee Stole Company Code 10/19/18 Automotive Industry Blockchain Can Disrupt the Auto Industry 10/1/18
Bitcoin Exchange Guide Everyday Blockchain Using DLT Dapps In Every Way for Every Thing With Everyone 9/14/18 Bitcoinist Blockchain Beyond Crytocurrency and What They Could Mean for You 8/28/18 Crypto Suite Blockchain Beyond Crytocurrency and What They Could Mean for You 9/12/18 The Australian Blockchain to Power Social Good 9/11/18 Forbes The Most Promising Emerging Blockchain Technologies and What They Mean for Crypto Prices 9/10/18
The Martec Blockchain Startups in Melbourne: 20 You Can't Miss 7/27/18 IB Times Leading charge 5 Australian Blockchain Startups Managed to Raise Big 7/24/18 Blocktime.hk Chinese Article 7/23/18 Forbes The Year of Blockchain and Sharing Economy's Intersection 7/20/18 Collective Hub Why Aussie Startups Are Thriving In China 7/16/18 CIO How SMBs Can Take Advantage of the Red-hot Sharing Economy 7/10/18
Business Insider We asked 7 experts whether blockchain is 'the next Gutenberg moment' - here's what they said 6/22/18 AMB Crypto Restoring Trust in the Sharing Economy with Blockchain Technology 6/22/18 The Australian A match made in heaven: How blockchain technology is enhancing the sharing economy 6/20/18 BTC Manager Car Companies Collaborate for the Sake of Blockchain Technology 6/15/18 Dataconomy Blockchain Found A Shortcut To The Universal Sharing Economy 6/14/18 Coin Central Blockchain in Automotive: Fragmented Sector to Focus on New Technologies 6/11/18 Trustnodes Shared Real Estate on the Blockchain, ShareRing to Partner with Quarteria 6/11/18
Dynamic Business Let's Talk... Competition 5/30/18 Bit Guru ShareRing Gains Tailwind From Its Inclusion Into The MOBI Automotive Consortium 5/25/18 The Bitcoiner ShareRing Partners with GTI Holdings to Revamp the Sharing Economy 5/24/18 The Bitcoin Times ShareRing is Associated with GTI Holdings to Renew the Exchange Economy 5/24/18 Coin Idol Blockchain Startup ShareRing Joins Car Makers In Bringing Blockchain To Automotive Industry 5/23/18 The Merkle What is ShareRing Cryptocurrency 5/22/18 Crypto Compare ShareRing Will Make it Easy to Share Everything 5/22/18 News BTC Uniting Airbnb, Uber and WeWork Under One Cryptocurrency 5/21/18 Finance Town Hall One App To Rule Them All: How Blockchain Will Turn Your 20 Phone Apps Into One 5/21/18 Distributed Blockchain Solutions Are Changing the Sharing Economy 5/18/18 Nasdaq Blockchain Solutions Are Changing the Sharing Economy 5/18/18 Metro Daily HK Chinese Article 5/14/18 Dynamic Business Federal Budget: startup wishlist part three 5/08/18 iT Wire Start-ups need more govt support: Budget plea 5/07/18 Dynamic Business LET’S TALK… STARTUP/CORPORATE COLLABORATIONS 5/02/18 Coin Telegraph Care About Sharing? Take Our Quiz On The Sharing Economy 5/01/18
Coin Speaker Blockchain Startup ShareRing is Facilitating the Adoption of Cryptocurrency 4/27/18 Self Growth ShareRing Is the Sharing Economy Reboot We Were All Hoping For 4/27/18 Crypto Vest ShareRing Banks on Blockchain to become the Sharing Economy’s Amazon 4/26/18 Self Growth ShareRing Is the Sharing Economy Reboot We Were All Hoping For 4/26/18 Guiado Bitcoin Portugese Article 4/25/18 Ethereum Kaufen German Article 4/124/18 Irish Tech News The Blockchain and the Sharing Economy: A Necessary Combination 4/24/18 Bitcoin Mag German Article 4/23/18 Bits Online Tokenization: Trend or Industry Changer? 4/23/18 Smart Company Ten Australian blockchain companies raising millions and disrupting industries 4/23/18 Cointelegraph Sharing Economy, Explained 4/19/18 Cryptocur Russian Article 4/19/18 CCN Meet ShareRing, the Dual-Token Solution for the Sharing Economy 4/18/18 Stocksmasters Meet ShareRing, The Dual-Token Solution For The Sharing Economy 4/18/18 MyTradeCryptoCurrency Could Blockchain Overcome Data Privacy Issues in Light of the Facebook Scandal? 4/17/18 Crypto-News Could Blockchain Overcome Data Privacy Issues in Light of the Facebook Scandal? 4/17/18 Hibtc Chinese Article 4/17/18 Weiss Soros, $25k Bitcoin, Riskiest Cryptos and More 4/16/18 Eleven News Blockchain-Based Project Builds Superstore Platform For Sharing Everything 4/16/18 Bitcoinist Sharing economy is booming and clockchain wants in 4/16/18 The ICO Daily Blockchain-based project builds superstore platform for sharing everything 4/16/18 Crypto Traders Online platforms, Big Data, and algorithms are the three main contributors to the increasing popularity of today’s sharing economy. 4/16/18 The Merkle Blockchain-Based Project Builds Superstore Platform For Sharing Everything 4/16/18 The Blockchain ShareRing Nets $3.8 Million In Seed Funding, Prepares Token Generation Event 4/16/18 Goldmann and Son PLC Company Aims To Become ‘Amazon Of Sharing Economy’ With Blockchain App 4/15/18 Mooncatcher Meme A company is building a Blockchain-based system to eliminate fragmentation in the sharing economy 4/15/18 Bigcoin Vietnam Vietnam Article 4/15/18 CCN Blockchain Platform Aims to Become a One-Stop-Shop for Sharing Physical Assets App 4/14/18 CoinTelegraph Company Aims To Become ‘Amazon Of Sharing Economy’ With Blockchain App 4/14/18 News BTC Blockchain Platform Is on the Verge to Developing a Tokenized Sharing Economy 4/13/18 The Next Web Blockchain and the sharing economy, a match made in heaven? This startup plans to prove it 4/13/18 Coins Speaker Meet ShareRing: The One-Stop-Shop for Sharing Everything Powered by Blockchain Tech 4/13/18 Coins News Update One-Stop-Shop for Sharing Everything Powered by Blockchain Tech 4/13/18 Kochies Business Builders Win a trip to Hong Kong: ShareRing calls for entrepreneur pitches 4/13/18 It Wire Sharing services marketplace ShareRing is seeking business concepts from start-up companies 4/13/18 Coin List Blockchain startup capitalises on growth of billion dollar sharing economy 4/12/18 Dynamic Business LET’S TALK… STARTUP FOUNDERS 4/11/18 JD Supra DJI Brings Blockchain to Drones 4/9/18 Small Business UK The Sharing Economy: A low-cost solution for upscale services 4/3/18 Malta Blockchain Summit Disruption Is Coming to the Expansive Sharing Economy 4/2/18 Bitcoin Exchange Guide ShareRing ICO: SharePay & ShareToken Global Sharing Solution? 4/2/18
Finance Magnates Blockchain Technology is Disrupting the $100b Sharing Economy Market 3/29/18 Dynamic Business LET’S TALK… SMART GROWTH 3/29/18 Use The Bitcoin Here’s What’s Going on in the Sharing Economy 3/27/18 Crypto Ninjas Can a Decentralized Sharing Economy Resolve Itself? 3/27/18 Bitcoin Garden Meet the Blockchain Startup with a Dual-Coin Setup to Combat Volatility in Crypto 3/26/18 Coin Schedule Blockchain, The Sharing Economy, and You 3/23/18 News Max Can Blockchain Create a More Secure and Equitable Sharing Economy? 3/23/18 ICO Crunch Blockchain-based global platform for sharing services and things 3/23/18 Ant Hill Online Two-sided marketplace ShareRing closes $3.8m capital raise, launches $62m token generation event 3/23/18 Dynamic Business NEW VISA SCHEME REQUIRES ‘AGGRESSIVE CHANGES’ TO HELP EARLY-STAGE STARTUPS: SLINGSHOT’S CEO 3/23/18 TechWorm Disruption Imminent: Blockchain Startup Sets Its Eyes on a Tokenized Sharing Economy 3/21/18 Crypto-Economy ShareRing Brings More People to the Blockchain with a Dual-Coin System 3/20/18 Crypto Central The Sharing Economy is Big 3/20/18 It Wire New talent visa scheme a ‘breakthrough’ for Aussie tech companies 3/20/18 Zero Hedge The Future of Ownership: Having More, Owning Less 3/20/18 Investment Watch Blog Investing in a Shared Economy: The Constructs Behind the Concept 3/20/18 Smart Company A “game changer” for Aussie startups: Government unveils new trial visas aimed at startup scene 3/19/18 Asgardia Space News ShareRing Launches Token Generation Event in Hopes of Disrupting the Extensive Sharing Economy 3/19/18 Business Insider What Australia's tech leaders are saying about the 457 visa changes 3/19/18 Business Insider The Australian tech industry was gifted a much more flexible visa for migrant workers 3/19/18 Hacked ICO Analysis: ShareRing 3/19/18 ChipIn Decentralized Sharing Platform is Taking a Bite out of the Sharing Economy 3/18/18 SoHu Chinese Article 3/16/18 Deal Street Asia Australian sharing economy startup ShareRing raises $3m seed funding 3/15/18 Smart Company ShareRing raises $3.8 million seed round in mission to become the blockchain-fuelled Amazon for the sharing economy 3/15/18 Finder Melbourne startup aims to be the “Amazon of the sharing economy” 3/15/18 e27 ShareRing, a blockchain-powered marketplace for sharing services, secures US$3M funding 3/15/18 Inves8r ShareRing raises $3.8 million seed round in mission to become the blockchain-fuelled Amazon for the sharing economy 3/15/18 MSN ShareRing raises $3.8 million seed round in mission to become the blockchain-fuelled Amazon for the sharing economy 3/15/18 Coin Telegraph German Automotive Innovation Could Drive Real-World Blockchain Usage 3/15/18 Business Insider Australian blockchain-driven startup ShareRing just raised $3.8 million 3/15/18 PR News Wire Disruption Is Coming to the Expansive Sharing Economy as ShareRing Launches Token Generation Event 3/15/18 Australian Financial Review ShareRing's bold bid to be 'Amazon of the sharing economy' 3/14/18 Insider Monkey The Sharing Economy and What to Expect in 2018 3/12/18
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Qtum was invited to participate in the People's Network Spring Blockchain Closed-door Technology Forum and Received an On-site Interview
Original 2018-03-27 Google Translation – original article with photos On March 27th, Beijing time, the founder and CEO of Qtum was invited to participate in the "blockchain spring closed-door technology forum" created by People's Network Ventures and Blockchain Channels and blockchain industry media 31 zones. The experts in the blockchain industry and nearly 500 blockchain enthusiasts discussed the development trend of blockchain technology. In his speech at the beginning, Patrick Dai said that the entire blockchain industry was accompanied by the effect of wealth to give birth to the current atmosphere, and now should be more to explore the direction of technology. The business model of blockchain is not yet clear. In the future, we need to clarify its development context from the perspective of technology research and development. Many of the blockchain business models cannot be completely predictable. The technology is in an early stage and needs to solve many problems. The first is the technical problem: First, the industry is not friendly enough, lacks a new type of smart contract platform, and the POW consensus mechanism is difficult to be deployed on a large scale by the industry. Second, poor compatibility, poor compatibility between different blockchain technologies; Third, the consensus mechanism is not flexible, the consensus mechanism itself lacks flexibility, and the public chain and alliance chain have different requirements for the consensus mechanism; Fourth, compliance and supervision, lack of consideration of industry compliance; Fifth, the interaction of the real economy, the lack of blockchain interaction with the real world. In addition, Dai also said that blockchain technology is still at a very early stage, and that the number of talents for blockchain developers has grown far lower than the growth rate of technology, so this is a development that takes at least 5-10 years. Career. In 2017, the country has included the blockchain in the 13th Five-Year Plan. It is believed that more people will join the industry in the future. The blockchain technology itself will continue to condense the wisdom of developers and eventually achieve positive results. After the event ended, Patrick Dai also accepted an exclusive interview with blockchain media in District 31, which provides an in-depth analysis of the current status of the industry and future development trends. The Qtum Founder Patrick Dai Exclusive Interview The following is an interview with the 31st area: Reporter: Today is an exclusive interview with the blockchain closed-door forum. What is the most important aspect of this field in your participation? Patrick Dai: I was still aware of the potential at that time. I think I started to understand this matter in 2012. At that time, there was very little information in Chinese. I went to the altar to learn about the various overseas arguments, and what kind of technology the blockchain was. I learned computer and communication from home and had relatively more knowledge and understanding of the corresponding technologies. After a clear study, I began to think that such a technology was indeed a great innovation. At the time, I also thought that it might happen one day. Today's scene was just as unanticipated as it was. It happened very quickly, far beyond what was expected at that time. At the time, I wrote some articles from 2013 to 2014. At that time, I was the one that attracted me most. I call it an innovative mode without permission. Many innovations have a certain threshold of entry. As long as there are Certain development has a certain ability, you can build a lot of applications. I think this is the point that attracts me most at that time. There is no threshold network. This is very meaningful. From a technical point of view, it was very meaningful at the time. At the time, it did not say that the price of Bitcoin would rise as much as it did, but it was dubious that this matter would be recognized by more and more people in the future. In 2012 and 2013, it was very rare for people to find people in the industry to talk about this matter. Twenty or twenty people in every city in Beijing and Shanghai knew about this, especially in 2012. Reporter: You can be regarded as one of the earliest people in the industry who are cutting in from a technical point of view. There is a viewpoint that speaks about 80% of the blockchain business + 20% of technology. What do you think about this point of view? Patrick Dai: Now that the blockchain business is not mature enough, why? The preconditions for technology itself are not yet available. From the perspective of industry development, taking the public chain as an example, the development of the industry needs to overcome more problems inherent in the industry. Many issues I have been thinking about recently, the development of the industry is cyclical, and many sources of cyclical sources do not have much to do with external regulatory policies. More often than not, they are endogenous to the industry. For the whole industry of blockchain, its technology is still incomplete. There are a lot of challenges in this area. The first is how we often talk about how to solve the problem of expansion. This is in itself a big challenge to restrict whether the public chain has the opportunity to become an infrastructure in the future. If a network can only handle one million transactions per day, it is difficult to imagine the future being able to carry the needs of human trust. This is unrealistic. How to solve this problem is definitely a challenge. In addition, there are many technical details. There are many problems in the industry that need to be overcome and overcome the endogenous problems. We can only talk about what kind of business model we have built. The business model of the future can still be expected because it is, after all, an innovation of concept and technology integration. I believe that in the future it will have a very big impact and impact on our various industries. Reporter: You just mentioned Qtum in your speech. In the whole design, our idea is to combine the advantages of Bitcoin and Ethereum. How much is the Quantum Blockchain now? Patrick Dai: Basically, realized the concept of the design at the time, the underlying transaction model was based on the UTXO model of Bitcoin which was very safe, stable and reliable to realize all transaction sending and receiving. By designing the abstraction layer, which is the second-level account abstraction layer, it is compatible with Ethereum's virtual machines. Such a design concept has been recognized by the developer community at home and abroad. As of today, more than 50 projects from seven to eight countries around the world have been built on top of the quantum chain, and the entire developer community is also developing. There may be 200 developers worldwide. In addition, there are currently more than 6,000 network nodes in operation worldwide, and it should be the largest POS blockchain network. Ethereum is about 20,000 full nodes, Bitcoin has more than 10,000 full nodes, and quantum chain is the third largest node in all public chain networks. Therefore, from the perspective of development, such ideas and designs do solve many problems. Compared to Bitcoin, the functions that Bitcoin can achieve can be implemented on quantum links. There is also the flexibility of smart contracts. The compatibility of Qtum and Ethereum is very good. Contracts run on Ethereum can run on quantum links. In addition, Qtum has obtained many advantages through technology integration. For example, it is very easy to implement a multi-signature custody of a fund on the quantum chain. You can use the Bitcoin signature method to implement the signature. However, the implementation of multiple signatures of funds on the Ethereum network is relatively troublesome, and there are certain doubts about security. Like the Parity purse was hacked before, the biggest reason is that the intelligence of the Ethernet network can be used to sign the funds. The custody and storage of funds is the most essential requirement of a blockchain, and there should be endogenous solutions. This is the advantage of quantum chain gained by merging two systems. In addition, Ethereum has always wanted to switch to a POS network, and the entire quantum chain has been a POS network since its development. To add, Qtum has more and better designs for governance protocols. Judging from the current development situation, it basically conforms to the vision we designed at that time and 100% of the various functions have been realized. Reporter: According to your observations, what are the most difficult challenges in the blockchain field so far? From regulatory or technical difficulties? Patrick Dai: There are. At present, there are several challenges in the blockchain industry. One is the challenge of the technology itself, especially how to solve the scalability problems of the network in the public chain system, including the isolation of blockchain resources, the privacy of the blockchain, and the public chain. The governance of the Internet and even the construction of the public chain network ecosystem are all problems that the technology itself needs to solve. The second issue is supervision and policy guidance. Whether China or overseas, the world is studying the advantages and disadvantages brought about by such a new technology, including what are positive and negative. The blockchain is in the early stage of the industry and the future is full of changes. Many practitioners do not have a clear vision of the future, nor do they know what kind of innovation to do or how to do it. However, one of our ideas at that time was very simple. Talking about too many business models early in the industry did not make much sense, because the maturity of many business models was based on the improvement of corresponding laws and regulations. The biggest opportunity in the early stage of the industry was in the bottom The technology above is ploughed and laid out. To give a simple example, there are more than 400 core developers of Bitcoin in the world, and none of them are Chinese. Ethereum's core developers have more than 100 people worldwide, and China has one or two people involved. From this perspective, there is a big gap between the entire domestic developer and overseas developers. From the point of view of industry development, the development of public chains is the most difficult, and it is also a matter that can influence the right to speak in the future. In this regard, domestic developers need to refuel, including domestic entrepreneurs, and we really need to have technology in the field. More support, including the ability to make valuable results, can be recognized internationally. Reporter: Just now we mentioned that the Quantum Chain is now a public chain. There will be cooperation and competition in code open source. Is our side more competitive or more cooperation? How to maintain your own advantages? Patrick Dai: Because many public-chain projects are community-based, these projects have long-term opportunities for development as long as members of the community support it. It is still too early to talk about competition in the entire blockchain industry , whether Bitcoin or Ethereum. Bitcoin, of course, has some rigid requirements, and projects that include a lot of financing on Ethereum and quantum chains still have questions and need time to verify. However, the early exploration is OK. Which platform is currently solving the application of a large class of requirements is still unknown. Currently, there is no large-scale C-side application based on blockchain technology. Everyone is in a period of exploration. How can we find some suitable direction and use blockchain technology to make valuable applications to C-end users? I think this actually requires joint efforts in the industry. Competition is also a good thing. There are more platforms and choices for developers, and the industry is also a natural fit for the survival of the fittest. Each platform has different characteristics and may focus on certain features when it comes to developers, including ourselves. For example, our support for the IoT industry and the support for the mobile terminal, including its ability to contribute to the development of Bitcoin's ecology, are quite unique and can be distinguished from many projects. The exploration of the industry needs to find the direction toward the C-end. This is the road that the blockchain will inevitably experience in the future. Reporter: In your opinion, what are the requirements for the C-side of the blockchain? Patrick Dai: The development of the entire industry integrates technological innovation and idea innovation. It does indeed contain a large amount of speculative behavior. Only then can the entire industry become such a situation today, and it is not saying whether it is good or bad. This matter has developed to such a stage. At the time, we should go back and review the previous development process. We can really find some valuable directions. We can really use technical features and find some valuable directions. In the short term, from our perspective, there are several promising directions. One is like the game field. It has some natural similarities with the blockchain, and it has a good combination of points. In addition, digital content, including audio, video, text, graphics, music, movies, and short videos, is easier to complete because it is the content of digital and the value exchange system built by the blockchain for the digital world. seamless connection. Supply chain, Internet of Things, healthcare, health, food safety, these areas are currently facing a very big challenge, how do we build a seamless bridge, the corresponding real-world data can be used as a trusted source of data can be input On the blockchain network, and the logic of network execution can be fed back to the real world. In the middle, we must solve the problem of trust. Whoever is responsible for the problem of these data links is currently being explored. The late period also requires a lot of time. It requires laws, regulations, and supervision. It requires the industry, technology, and government to work together to promote one thing and truly play a role in the blockchain as a high-efficiency, low-cost value network. How to really promote the progress of technology and let it develop in the right direction requires the practitioners of the entire industry to discuss together. Reporter: Back to the Qtum blockchain itself, the platform also announced some Dapps projects based on quantum chain development. What are the evaluation criteria for these projects on the quantum chain side or what kind of projects are more welcome? Patrick Dai: Initially, we designed the whole Qtum blockchain toward the public chain with no threshold. The programming of smart contracts is open. We don't have much preference for the above-mentioned projects. Qtum itself is a neutral platform. It is a software system. There is no threshold for developer development. Anybody who wants to develop corresponding applications can do development on it. However, for projects that have some help for ecology, we will have some support. Some developers don't have corresponding development funds in the early stages. They help us find bugs, attract rewards from third-party developers, including rewards. Some training courses are organized to attract more developers to enter this industry. For very obvious and unreliable projects, we will also try to remind everyone in the community to think carefully and guard against these projects. However, this situation is also difficult to control, mainly because it is difficult to control all project sources, and it is difficult to judge whether the project is doing something seriously. As a platform, we really hope that more entrepreneurs or project parties can really use blockchain technology to solve problems in their industry, so that it can really play its value. The development of the entire blockchain industry is a long-term issue that may take five years, 10 years or even 15 years. It is the biggest opportunity to stick to a stage where the technology is mature, survive and progress. Reporter: And you have previously published an opinion that 99% of tokens will be zeroed in the next two to three years. What is your judgment based on? Patrick Dai: The cyclical nature of the development of the industry, the beginning of a lot of projects using the public awareness of the entire blockchain industry differences, through such a concept to raise money or to do some excessive publicity and packaging. The development of the industry has inherent laws. Many such projects will be falsified if they cannot be implemented for a long time. Now investors or people involved are slowly aware of the problems. Any so-called token must resolve some real needs and have the meaning and value of existence. If you simply translate the original point system or the original system, this value is actually not great. There are internal requirements like tokens or tokens in the public chain. For example, a deployment contract must be consumed. It is similar to a license in a sense. There is no threshold for anyone to call the possibility of cyberattacks. There are common tragedies. occur. There is a threshold and a GAS fee. If the value of the upper application token based on blockchain technology cannot find a suitable entry point, only a concept is packaged, and it is gradually realized that many projects will also fail. of. Many new technologies face the survival of the fittest. This is an inevitable thing. You can also share an experience. In fact, in 2013, there was a protocol named “coins” on the Bitcoin network, and a thousand or two tokens were issued. Now, there are two or three types of tokens. Your token is also good. If you do a project that really solves the problem, you can survive in the long run. From our team to do technical research and development or to do technical iteration and innovation, including the recognition of some developers at home and abroad, I hope we can survive the cold winter of the industry or the industry's future. We still have great confidence to continue to innovate. As long as we create value, we will attract many developers. Such a project has its own meaning. Reporter: It is already past one quarter in 2018. What kind of outbreak will happen in the blockchain industry this year, or will it be in the infrastructure construction stage? Patrick Dai: There may be some local applications, but for a lot of C-side applications I personally feel it is difficult to appear this year. For example, there are ten million users of C-side users, but also need time. More is the continuous technical iteration. There are more and more new projects entering the industry to solve problems that have not been solved before, such as scalability, privacy, identity, resource isolation, and governance of the blockchain network. There will be more solutions coming out this year. When these technologies mature to a certain degree, there will be more applications on the chain. As I mentioned earlier, the first areas of explosive applications such as games, digital content, including ID, these areas are more likely to have some natural fit with the characteristics of the blockchain, it is easier to take advantage of the blockchain network.
Leading financial institutions and experts are betting that virtual currencies such as those used in video games will become mainstream tender in the real world within three to five years. HSBC’s global head of e-channels strategy and innovation, Andrew Davis, says his bank is gearing up under the assumption that virtual currencies would soon become a normal way of buying goods and services. The rise of virtual currencies would signal a leap forward in the way people conduct transactions, while further blurring the line between online and real world retail shopping. Where traditional currencies such as the Australian dollar are guaranteed by governments, virtual currencies such as BitCoin often have no central organising groups or value. But despite the risks, usage is rising. Advertisement “We have a planning assumption that virtual currencies will become mainstream in three to five years," Mr Davis said. “One of the reasons why we need to reach a view two to four years out is to influence our decisions around enterprise architecture, because it doesn’t change very often. “How people place value on things won’t just be with hard currency in the future and we’re already seeing micro-currencies emerge around the world." Mr Davis made the comments during the PushStart FinTech Forum in Sydney, which brought large corporate banks and technology start-up companies together. Macquarie Bank’s head of wealth management technology, Stephen Dunn, agreed that virtual currencies would become mainstream as cash and credit cards became less important, but said the key for banks was to make sure customers could use whatever form of payments they wanted. “I don’t think cash or credit cards will disappear in less than five years but I think it won’t be as dominant," he said. “But we shouldn’t be ruling it out today." Mr Davis said one example of virtual currency’s rising importance was American Express’s May launch of a card that rewards customers with “FarmVille" cash that can only be spent inside the popular computer game played by more than 80 million Facebook users. The virtual currency is spent by gamers who want to upgrade their virtual farms with items like fences, hay bales and buildings. The RBA has considered virtual currencies as part of its report on innovation, due for release in the next two weeks. In its February 2012 summary of submissions, the RBA said organisations had “highlighted the emergence of ‘virtual currencies’, such as Facebook credits, and urged consideration of how these might interact with traditional payment systems". The Commonwealth Bank, Microsoft and PayPal all provided submissions discussing the challenges and opportunities raised by virtual currencies. And in February, CBA used an official blog posting to discuss whether or not virtual currency would mean the end of cash. “The virtual cash revolution has fostered a means of exchange that is independent of both the banks and the state," it said. “But just like video didn’t kill radio, virtual currencies and online trading won’t herald the end of real-world currency and trading." City Index FX strategist Kara Ordway said virtual money could easily be a tradeable commodity not unlike the Australian or US dollar, once market demand and supply was established. “Everything is becoming electronic – people are talking about a paperless foreign exchange market," she said. “If you haven’t got physical Australian dollars [trading], what’s to stop there being some kind of internet or technology-related currency?" University of NSW economist Tim Harcourt said HSBC was a good leading indicator of financial trends and virtual currencies would become more important as Australians used less cash. “The more retail becomes international because of online retail . . . the more demand there will be for [virtual currencies]," he said. “I think virtual currency won’t become universal within three to five years, but it will certainly be common." Mr Harcourt said loyalty point alliances between companies such as airlines and retailers could lead to reward points being worth value in a range of stores as they formed alliances. But the Australian dollar would still be the backbone of the economy for now, he said. “We still earn Australian dollars and it’s our main means of exchange, but this will be another means of exchange that people will use to exercise choice," he said. CSC general manager of financial services Stephen Kowal said companies and institutions were battling to become the hubs for new virtual currencies. “You want to be the payments provider for this [phenomenon]. Virtual currency will just be another exchange rate, next to your, say, Aussie dollars," he said. “People don’t trust virtual currency yet . . . but it’s not a matter of if but when. Maybe not in the next three to five years but definitely in the . . . next 10." He said regulators such as the RBA and the US Federal Reserve had to think of new ways to tax and manage virtual currencies as it became a valuable global commodity. “You want to be the payments provider for this [phenomenon]. But I think the real institutions that could really control this are the [technology] companies themselves," he said. “If you use a company like Facebook as an example, it has 900 million users. If you give each of them a virtual $10 token for instance, you instantly get a tradeable currency. It’s like a country of its own. It instantly becomes a hub of this trade." The Australian Financial Review
Summary of the last two days: Russia wants to issue a currency on Ethereum. A representative of China's central bank thinks that Ethereum is of national interest. Singapore wants to issue a currency on Ethereum. (221 points, 44 comments)
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