Bi-weekly report on the progress of the YottaChain project05.25-06.07
2020-06-10 14:24:01

Technology Development Progress

1. Protocol switching at underlying transport layer. Test result is stable  when transport layer protocol is changed from RPC to http protocol. Switching is scheduled to start this week;

2. Randomly check storage server and rebuild failed storage server. New architecture is still under development, which is expected to take three weeks to complete;

3. Realize self-check reconciliation on storage node. After one week, storage node will automatically detect stored data accuracy and perform reconciliation with SN; 

4. Finish SN reconstruction with Go language, which is expected to be completed in two weeks;

5. Storage server management program went online successfully;

6.  Priority selection for quality storage server has been coded and there are some bugs in the process of debugging;

7. Storage node is replaced by rocksdb. The feasibility of the new database (rocksdb) is being tested and analyzed;

8. Fix other known bugs.

 

Commercial Application and Eco System Construction

1. On May 28, YottaChain Chairman Alex Wang visited Hainan Provincial Big Data Administration. Relevant leaders spoke highly of YottaChain and other projects that have initially achieved commercial landing applications, and the two parties reached a preliminary cooperation intention. A few days ago, Hainan Provincial Department of Industry and Information Technology issued the "Notice of Several Measures for Hainan Province to Accelerate Development of Blockchain Industry", which provided policy support for the construction of blockchain industry highlands in Hainan Province.

2. On May 28, YottaChain ChinaScience StarChain Big Data Research Institute completed preparation for website content and put it on record, and submitted record information required for a blockchain service organization.


3. Enterprise cloud disk trial event has ended on June 1st, and corresponding rewards will be distributed and issues will be summarized this week.


4. On June 2, YottaChain Education Committee was invited to visit the Tianjin National Independent Innovation Demonstration Zone to discuss the implementation of digital ecological base project. YottaChain Education Committee Chairman Jiang Qilin and related leaders conducted in-depth communication, analysis and discussion on the establishment and operation of a blockchain storage industry cluster, in order to step up overall industrial chain in Beijing-Tianjin-Hebei region.


5. On June 3, YottaChain ChinaScience StarChain Big Data Research Institute  submitted information sheet needed to apply for China Development Zone Association member unit, in which it elaborated on current achievements and capacity building secured by YottaChain system so that further promote all-round cooperation.


6. On June 3, Mr. Zhao Weimin, executive dean of YottaChain  ChinaScience StarChain Big Data Research Institute engaged extensively with head of Veritas Zhejiang Company  in terms of blockchain storage, and the two parties reached a cooperation intention on solutions.


7. On June 4, Mr. Zhao Weimin, executive dean of YottaChain  ChinaScience StarChain Big Data Research Institute, and relevant person in charge of Zhejiang Mobile Company discussed blockchain solutions. Both parties will give play to each other's complementary advantages to further promote blockchain solution integration and predict technology development trend.


8. On June 4, the work meeting for launching of big data platform for smart elderly care services was held by Major Special Department of the Ministry of Science and Technology. The director general and directors of the department listened to the work report. Mr. Sun Wenming, chairman of YottaChain Business Application Committee, made a speech at the meeting as an expert from Jihua Laboratory and a representative from platform developer. He specifically reported that system platform plans to leverage blockchain technology for pension data storage and management.


9. On June 5, Zhao Weimin, executive dean of YottaChain ChinaScience StarChain Big Data Research Institute and partners visited Dongyang Municipal Government Investment Promotion Bureau. They exchanged  the construction of blockchain storage big data ecological base and operation center. Relevant leaders of Investment Promotion Bureau expressed warm welcome to the settlement of YottaChain, a state-supported innovative enterprise. After detailed introduction of preferential policies in taxation, talents, office space, and business data integration, they sincerely invited YottaChain to settle in Dongyang.

 

Remarkable Achievements in Market Campaigns

1. On June 5, YottaChain chairman Alex Wang shared his own cross-border experience when showing up a community event-- Autonomous AMA[Next Question] hosted by Bittime and YottaChain. He expounded coincidently same cost-effective logic adopted by Musk Rocket program and YottaChain storage, as well as YottaChain founding intention , development status and vision of future.


2, YottaChain launched a real-time question-and-answer column facing community members, called "Night Talk". Its tenth session was held among "Yotta Ecological Node" community members, in which chairman of YottaChain Interim Governance Committee explained  "future planning and strategic direction of ecological node". Ecological node is an important link to ensure sound development of YottaChain ecosystem. The current upgraded version of ecological node plan will allow ecological node to participate more actively in YottaChain system construction, and will also reward  more rights and earning to ecological node has made contribution. To this end, "Dandelion Project" will be comprehensively upgraded, at the same time a brand-new "Star Project" for ecological node will be launched soon. In the following sessions, more members of interim governance committee members will be invited to clear confusions and answer questions, in this way they will voice for community users, answer confusions, and advance community building.

 

Market Event Forecast

To evangelize scientific spirit, spread knowledge of engineering science and technology and promote outstanding contributors in the field of engineering science and technology, China International Science Exchange Foundation plans to organize a series of public welfare activities--"Engineering Science and Technology Public Welfare Lecture Hall" recently. We will invite well-known engineers and experts to lecture. YottaChain chairman Alex Wang will also present this event by sharing  courses themed "Blockchain and Real Economy Integration".

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