INT Bi-Weekly Report 2018.8.13–8.24
I. R&D Progress
Current Progress
[Continuous Technical Perfection of INT Main Chain]
- For the development of the smart contract module, the R&D team fixed several bugs about the function of creating tokens in the smart contract ; (70%)
- The R&D team has carried out the work related to node election after determining the basic election rules; (50%)
- The work of layered refactoring of source code has been completed. In terms of some details of the double-chain business, the R&D team is ready to carry out the final optimization and improvement work; (90%)
- Considering the needs of business, the R&D team has customized a number of necessary TXs. The functions of the smart contract have been completed, and relevant testing is moving forward; (50%)
- Up to now, business testing has been conducted successfully, and relevant stress tests are moving forward; (50%)
[ INT Wallet and Blockchain Explorer Improvement]
- The development of the wallet mapping function has been completed. In order to adapt to the smart contract module, the wallet needs to be added functions like token transfer, and the R&D team has carried out related work on this issue;
- The R&D team continues testing the blockchain explorer (explorer.intchain.io) and has prepared the development of query modules of smart contract at the same time.
Next step plan
Continue to promote the development of smart contract modules, and focus on the development of query modules;
Further promote the work related to node election;
Carry out final improvement and optimization work on some details of the business issues in the double chain;
Continue testing on the issue of smart contract functions;
Continue stress testing in terms of business tests;
In order to better adapt to the smart contract module, continue the development of functions such as token transfer for the wallet;
Promote the testing of the blockchain explorer (explorer.intchain.io) steadily and orderly.
Previous technical progress tracking
The R&D team has completed improving the performance of the main chain and the TX broadcast process within the expected time.
II. Business Cooperation
Current Progress
[Primary achievements in the cooperation with the smart site project ]
After the INT and Hubei Smart Site projects have completed the construction and commission of the first pilot project, the two parties jointly checked and confirmed the project strictly according to relevant standards. At present, the first pilot project has entered the stage of acceptance.
[The “Prefabricated Component Passive Wireless Identification Sensor Application Standard” jointly formulated by the INT and Hubei Industrial Construction Group was recognized by the China Construction Industry Association.]
In order to regulate the domestic construction market, the China Construction Industry Association accepted project applications of the second batch of group standards in April this year. After strict selection by experts of the Association, the “Prefabricated Component RFID Passive Wireless Identification Sensor Application Standard” jointly formulated by the INT and Hubei Industrial Construction Group becomes one of the 26 group standards approved. In the future, INT will apply this standard to the joint smart site with Hubei Industrial Construction Group and other projects in the future. It is expected to promote the development of smart sites in China by working with industry-leading construction companies.
[Continue the development of smart gateway projects]
INT has carried out work of software and hardware development with Zhejiang Telecom. Up to now, the two parties have increased investment in R&D personnel and continued to promote the research and development of router hardware and software. They also conducted in-depth research on router appearance, structure optimization, and mold opening. In addition, the INT team has confirmed the marketing plan for the initial product with Telecom, including product sales channels, terminal pricing, etc.
[First-round communication with a well-known Internet company]
In order to seek more breakthroughs in blockchain technology, INT has conducted the first-round communication of needs and techniques with a well-known Internet company to expand the smart park and smart parking business. Through this communication, both parties hope to have more in-depth cooperation in the future.
[Initial communication with Zhejiang Religious Association on issues related to the smart temple]
The INT conducted preliminary communication with the Zhejiang Religious Association on smart temples and information construction. After deep understanding of the association’s needs, the INT provided the corresponding design plan for the association.
[In-depth technical development on the issue of IoT security vulnerabilities]
The rapid development of the Internet of Things has not only brought many conveniences to social life, but also hidden many problems such as security risks and privacy leaks. Blockchain technology is the best solution for the current IoT security problem. As the world’s first blockchain interactive platform based on the evolution of the IoT architecture system, INT has been always considering the security problem of the IoT as the focus of research and development, and trying to provide practical solutions to bugs through upgraded technology.
Next step plan
[Follow-up communication with smart logistics project]
Regarding the cooperation framework agreement with the smart logistics packaging project mentioned in last bi-weekly report, in order to cooperate smoothly the INT plans to have a second round of in-depth discussions with Cainiao on product technical details, quantity, and time of launch in mid-September, aiming to apply blockchain technology to the field of logistics as soon as possible through the integration of the two sides technology.
III. Activities and Operations
Current Progress
[Yin Xiangyu, Head of INT China attended 2018 Global Blockchain Innovation Summit]
On August 24th, Yin Xiangyu, Head of INT China was invited to attend the 2018 Global Blockchain Innovation Summit in Seoul, South Korea. The summit gathered elites from the blockchain industry in China and South Korea to discuss the application development of the future blockchain and attracted a number of well-known media, venture capitals and blockchain project representatives. During the meeting, Mr. Yin gave a presentation on the “Build an INT IoT ecosystem”, and had in-depth communications with elites from Korean blockchain industry, hoping to establish a resource sharing mechanism to achieve the exchange and complementarity of high-quality resources.
Mr. Yin is giving a presentation
Site of the summit
INT representatives and summit organizers
[INT Chief Business Officer Chen Feier attended a multi-party seminar in Myanmar] On August 22nd, Chen feier, Chief Business Officer of INT, went to Myanmar and had a deep discussion with the heads of local capitals and CB BANK on how to push steady access of blockchain technology to the Myanmar market and how to apply INT technology in Myanmar.
At the meeting, heads of relevant departments in Myanmar pointed out that currently blockchain technology owns tremendous development potential in Myanmar, and agreed that INT has the industry-leading IoT blockchain technology. The head of CB BANK also affirmed the strong R&D strength of the INT team and revealed the intent for cooperation.
Third from the left: INT Chief Business Officer Chen Feier
During the seminar
Next step plan
[“Gaia Project “ to launch on next Monday] “ Gaia Project “ initiated by the INT team will be officially launched next Monday! This event is open to global technology enthusiasts and will provide an in-depth technical communication platform for them by building a global developer community. At the same time, INT will host a competition to solicit creative designs.
IV. Community Updates
[Yin Xiangyu, Head of INT China conducted community research in South Korea]
Mr. Yin flew to South Korea and held a conference about speeding up the global layout of INT with related companies. Mr. Yin considered Korean market as one of the main targets of INT’s global layout. INT is conducting a research in the habit of users in Korea to obtain precise data as a valuable reference for the future building of INT community in South Korea.
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