I. R&D Progress
Current Progress
[Technical improvement progress of INT main chain]
With regard to the previously mentioned business scheme of transaction costs, research team determined the transaction cost model and will further refine and improve the development process.（70%）
Continue to optimize business scheme of INTChain’s block generation, promote the development of INTChain’s block generation speed and block size; （70%）
In the stress test of the test net, the research team has begun to conduct stress tests on wallet transactions and analyze the test results; (60%)
The research team has carried out the refinement and improvementof related work on the problems caused by the reconnection of the meta nodes in the main chain. (40%）
[INT wallet and blockchain explorer improvement]
Improved the function and page layout of INT wallet, sustained works on the relevant testing, started to design the INT wallet mapping function;
Blockchain explorer test is ongoing. Some bugs have been fixed.
Next Step Plan
Further refine and improve the development process for the business scheme related to the determined transaction costs;
Continuous optimization of INTChain’s block generation solution;
Continuing to do stress test of wallet transaction, improve the corresponding functions according to the test results and design the INT wallet mapping function;
Fix and improve the problems that may be generated from reconnection of meta nodes;
Conduct test of the revised blockchain explorer (explorer.intchain.io) and fix related bugs.
Previous technical progress tracking
The R&D team has completed the restoration of meta chain’s internal network penetration problem that occurs under the local area network. Meta chain is as know as thearchy chain.（100%）
Continuous optimization of the meta-chain’s DBFT consensus algorithm and the election strategy of meta nodes. (75%)
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Q&A Collection
【Are you planning on having several established subchains of different functionality on main net launch?】
The semi-open “smart contract” module will be set on the INT chain to deal with the “fragmentation” of IoT applications. It is possible to evolve sub chains with different functions based on the strong industry attributes of IoT applications. The easy plug scheme of the consensus module can proceed under the condition of relatively stable cross-chain communication technology well as the completion of a more complete isolation witness program.
【You mentioned using EOS’ supernode structure of voting on consensus nodes. Will this provide economic incentive for voters by enabling a shared block reward?】
Our token economic mechanism is still in design and will not completely imitate EOS, because DBFT automated election logic is still being optimized.
【Why there has been no updates in github?】
The open source disclosure of the INT project codes is strictly in line with the project R&D progress. The disclosure of data involves the core of projects such as technology R&D and debugging. The team will submit and disclose it periodically and designedly according to the actual progress under the precondition of ensuring the project safety. Our codes have been updated to our own database, some of which have not been publicized and some have not yet been submitted. Next, we willdevote efforts to updating the github. Please stay tuned.
【Why do not specify the partners in the bi-weekly/weekly report?】
You may pay more attention to our bi-weekly/weekly report. Our project progress, business cooperation and evevt promotion have never stopped.Our project progress, business cooperation and event promotion have never stopped. Due to the confidentiality of business cooperation, we would not specify which companies we are cooperating with. This has been explained specially in the previous bi-weekly/weekly reports. we will publicize the details to the public when the time is appropriate.
II. Business Cooperation
Current Progress
[Cooperate with a state-owned enterprise in Zhejiang]
Recently, INT has successfully finalized the cooperation plan with a state-owned enterprise in Zhejiang and successfully carried out the following tasks:
Complete the validation of the hardware requirements and decide the hardware cooperative supplier together with the partner;
Complete partial product prototype design of APP;
Agree on the future product operation and marketing approaches with the partner.
[Conduct the second-round negotiations with a municipal-level road and bridge detection project]
In this round of negotiations, the INT team has completed the quotation of the consortium blockchain solution and determined the adoption of distributed database mode to be implemented at the bottom layer of INT.
[Achieve cooperation intent with a pharmaceutical company in Hubei]
In order to accelerate the application in the pharmaceutical industry, INT has reached a trial intention with a pharmaceutical company in Hubei concerning the intelligent recyclable packing container, providing possibilities for subsequent application.
[Follow-up the smart construction site project]
INT went to the construction site for field visits in early June and finalized the contract with the project party. Recently INT has reached an agreement with the party to set up a joint venture in order to better implement the project.
Next Step Plan
[In-depth discussion with a pharmaceutical manufacturer in Zhejiang concerning smart medical care]
INT plans to have an in-depth discussion with a pharmaceutical manufacturer in Zhejiang on how to combine drug information with INT technology, determining a preliminary cooperation plan to promote smart medical care construction.
III. Activities and Operations
Current Porgress
[INT was invited to attend the 2018 Chain Club national blockchain workshop]
On July 7, 2018, the national blockchain workshop, organized by the Chain Club and co-organized by INT, was held in the sixth stop Wenzhou. The event also attracted strong support and attention from a number of companies and medias such as Coinmex, Coinzen and Cointime. Chief Architect of INT chain Xiang Ruofei and Chief Business Officer Chen Feier were invited to the workshop, sharing their experience and insights with the audience.
During the workshop, Dr. Xiang delivered a speech titled “Exploration of INT Project Implementation” divided into five parts: payments, supply chain finance and the IoT, game and INT’s exploration.
Next Step Plan
[Attend the EECC blockchain meeting]
On July 19, 2018, the INT team will attend the EECC blockchain meeting in Düsseldorf with Dr. Skwarek chairman of Iso/Tc 307.
[Attend the China-Europe Blockchain Conference in France]
On July 20, 2018, INT together with SEC and Yilaiyun will attend the China-Europe blockchain conference organized by Europe’s top blockchain consulting company IMLink as one of Chinese outstanding projects.
IV. Community Updates
[Determine two overseas community administrators]
After two weeks of discussion and selection, INT has finalized two suitable administrators and publicized in the overseas community on July 10. The two admins have a background in tech and software development and capital raising and M&A respectively. They indicated that they would love to serve the community, grow the community positively and encourage informative and constructive discussions and posts in the community to increase awareness and adoption of INT in the public domain. INT also hope to serve the community better and build positive culture with contribution of admins.
[Prepare to establish INT domestic and international community system]
The INT team started to prepare for the establishment of a domestic and international community structure system, planning to construct a new INT community ecology in three aspects of community positioning, management system and performance incentives. INT strive to improve the community operation and user acquisition capabilities in the future.
[Unite with MOC, 5 million candy airdrops]
South Korea’s AR blockchain project MOC is entering into China. United with MOC INT launched a 5 million candy airdrop activity- register to obtain 50 MOC, invite friends to obtain 20 more, a maximum of 110 MOC is available! During the activity INT customer service staff actively responded to the questions raised by fans, which was widely recognized and praised by fans.
[Celebrate creation of INT’s bishijie official account, INT and Bishijie jointly launched the “rewards after following” campaign]
From July 3 to 10, INT and the Bishijie jointly hosted the “rewards after following” campaign. Only follow the INT’s official account can fans get a reward. There have already been nearly 600 fans participated by the end day of July 10. We randomly selected 50 lucky winners and will issue rewards to them successively after the official notification of the Bishijie. More people are encouraged to follow the account to keep track of INT’s latest news.
[Release INT Chain digital asset brief report]
Based on the great reverence for blockchain technology and principles of its transparency and traceability, the INT team released “INT Chain digital asset brief report” in global communities on July 6.