I. R&D Progress
Current Progress
[ Continuous Technical Perfection of INT Main Chain]
The R&D team continued the stress test of the wallet transaction. The test results are as expected. The problems in the performance of the main chain have been almost solved. The optimization of the TX broadcast process has been completed. The progress is nearing completion. （90%）
The R&D team started preparations work about the node election and initially determined the basic election rules. （20%）
The main work of hierarchical reconstruction of existing codes has been completed. Some detailed business issues of the double-chain will be improved under the new architecture in the next step. （20%）
Continue the R&D of smart contract modules （60%）
[ INT Wallet and Blockchain Explorer Improvement]
Regarding the R&D of wallet mapping function, the team has fixed possible network interception bugs and will conduct formal tests in the next step.
The blockchain explorer (explorer.intchain.io) test is progressing. Several bugs related to user experience have been found and will be fixed next.
Next step plan
Continue to improve the performance of the main chain and complete the work of the TX broadcast process.
Continue the improvement work on the node election part and further improve the node election rules.
Regarding some detailed business issues of the double-chain the team will continue the improvement work under the new architecture.
Continue the R&D of the smart contract module.
Previous technical progress tracking
Continue to optimize the meta-chain dBFT consensus algorithm and election strategy of meta nodes. （100%）
With regard to the previously mentioned business scheme of transaction costs, the progress of the R&D meets the expectations of the team and it has been completed. （100%）
The team has completed the INTChain’s block generation business scheme and the R&D on the generation speed and size of the block. （100%）
The R&D team has fixed the possible bugs during node polling of block generation sequence in extreme cases （100%）
II. Business Cooperation
Current Progress
[ Forging ahead the smart gateway project with the Zhejiang Telecom]
After publishing the confirmation of production operation and marketing approaches in our last bi-weekly report, recently the both parties focused on a series of issues such as software and hardware development and jointly promoted the following work.
The hardware prototype has entered the stage of prototype design and the shell repair in small batch, and the first batch of prototypes is expected to be delivered in mid-September.
Software of APP\SERVER and router has entered the research and development stage and is going to be delivered synchronously with the first batch of prototypes.
Newly-developed design of security encryption system is going to be delivered synchronously with the first batch of prototypes.
Product safety regulation and wireless authentication are in the preparation phase now.
Specify two pilot cities in Zhejiang Province as the first promotion area.
[In-depth cooperation with the smart site project]
At present, the smart site project is steadily developing. The first pilot project has been completed and commissioned, and will be delivered for acceptance soon. After collecting and sorting out the relevant technologies of smart sites, INT has completed the proposals of other applications of the smart site and delivered it to the partners.
[Negotiating for smart logistics packaging projects]
In order to better serve our life by applying the blockchain technology and save logistics resources, the INT team has signed a cooperation framework agreement with the Cainiao, and decided to determine the details of the cooperation through the trial process of the product.
[Achieving initial cooperation intention with an intellectual property project in Gansu province, China]
Recently, an intellectual property project in Gansu came to our company and completed the interface about the blockchain technical solution with Dr. Xiang Ruofei , also showed strong cooperation intention with INT team. Both parties hope to achieve substantial cooperation progress in the following communication.
[Successfully submitting two invention patents based on “blockchain + car networking”]
In order to speed up the realization of the value of the Internet of Things ecosystem, the INT R&D team conducted in-depth research on “blockchain+car networking” and recently submitted invention patent and utility model patent which is related to vehicle overspeed monitoring modules and vehicle speed monitoring systems based on blockchain.
[Research on the application of “blockchain + authentication”]
As the best solution for the current Internet of Things, blockchain technology can create more possibilities for the identification of genuine products through the upgrade of technology. In this regard, the INT R&D team has conducted in-depth research and initiated the design of the application.
Next step plan
[Follow-up cooperation of the smart site project]
This smart site project is a challenge and an opportunity for INT. In mid-August, the two parties will conduct in-depth communication on the possibility of launching other smart site project, and strive to promote the comprehensive development of the wisdom ecology in the future.
[Conducting a second round of negotiations with DAPP partners]
Regarding the DAPP partners mentioned in the bi-weekly report before, in order to speed up the implementation of the application, INT is planning to conduct a second round of in-depth communication and discussion on a series of issues such as hardware cross-compilation with partners.
III. Activities and Operations
Current Progress
[Attend the Blockchain Way Show in Wenzhou]
On July 29th, INT team was invited to attend the 2018 Blockchain Way show, organized by Kg.com and BTC123 in Wenzhou. As a guest of honor, INT Chief Business Officer Chen Feier hosted the round-table meeting, shared and discussed the blockchain investment value, the IoT blockchain and development of future blockchain technology with distinguished guests and on-site INT fans. INT also presented exclusive T-shirts and candy rewards to enthusiastic fans on the spot.
First from left: Chief Business Officer Chen Feier is hosting the meeting
[Attend the NetEase-Cloud Innovation Conference, Hangzhou China]
On July 31, the NetEase-Cloud Innovation Conference with the theme of “Open, Ecology and Empowerment” was successfully held at Hangzhou International Expo Center. The conference was hosted by the Hangzhou Municipal People’s Government, China Electronic Information Industry Development Research Institute and Netease. It brought together technical experts from Netease, Tsinghua University, TalkingData and other fields, and opened 7 professional sub-forums to discuss the development direction and application trends of the industrial Internet, big data, and cloud computing under the digital wave. INT team listened to the speeches of various forums in detail, and conducted in-depth discussions with the technical experts and guests on the exploration of the blockchain application.
Site of Cloud Innovation Conference
INT representatives
[Appearance at the 16th ChinaJoy Exhibition]
From August 3rd to 6th, the 16th ChinaJoy (China International Digital Interactive Entertainment Exhibition) was successfully held at Shanghai New International Expo Center. With the theme of “New Technology, New Entertainment and New Value”, ChinaJoy covers a wide range of digital entertainment such as animation, smart entertainment software and hardware, and attracts tens of thousands of Chinese and foreign guests of honor. INT team appeared at the exhibition and conducted in-depth research and exploration on the development trend of the digital entertainment industry. Meanwhile, the team approached CDN acceleration business of games in order to expand the INT industry layout.
Next step plan
[The “Gaia Project” is approaching]
Under the careful preparation of the R&D team and the operation team in the past few days, the Gaia Project for global technology enthusiasts will be officially launched. The work related to global technology developer community website and the reward-winning series of activities has been basically completed. INT will bring a carnival to global technology enthusiasts once the test is debugged.
IV. Community Updates
[Expanding Overseas Media]
In order to expand the scale of overseas communities and enhance the INT brand, INT has increased the layout of platforms such as Medium, Steemit, Quora, Bitcoin Talk and Wikipedia based on the original social media platform. It is hoped that the content distribution through various platforms and customized operational strategies can improve the communication effects. At the same time, INT team also optimized the page for Reddit and Medium to provide a one-stop information service to enhance the user experience.
[INT officially landed on FCOIN digital asset trading platform]
As the world’s first asset-transparent digital asset trading platform, FCoin Exchange has attracted many mainstream currencies to compete, and its trading volume has ranked first in the world in less than half a month. On July 30th, INT has officially landed on the FCoin Exchange GPM (https://fcoin.com) and opened the INT/ETH trading pair. Happy investing.