Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) 2019 is a milestone for SmartMesh!
At the SFF, IMDA launched a blockchain challenge called “Growing and Connecting Blockchain Business Networks (Nov 2019)” on the government website. Ubin, the government project led by MAS and IMDA, and the first blockchain Living Lab created by SUSS, SmartMesh and MeshBox were included in the official document of the challenge. Each blockchain project can apply for this document and participate in the Living Lab of the blockchain interoperability challenge. IMDA will award 50,000 to 100,000 Singapore dollars for outstanding projects!
In order to be included in the IMDA blockchain challenge document as the cornerstone project, SmartMesh has spent half a year’s hard work, developed the Atmosphere cross-chain project and improved the architecture and API documentation. At the SFF, SmartMesh Foundation Chairman Henry Wang communicated with several world-class blockchain projects. These projects will build an ecosystem with SmartMesh to build the next generation Internet of Value infrastructure and inclusive applications.
The MAS Official responsible for financial innovation visited SmartMesh’s booth at the Singapore Financial Technology Centre. She hopes that SmartMesh will become Singapore’s Visionary, and MAS will also provide strong support for projects that meet Singapore’s development vision!
Fortunately, Singapore’s vision is also the vision of the world. After the MAS discussion, Henry Wang participated in the “Fostering A Global Token Ecosystem”closed-door meeting jointly organised by the Chamber of Digital Commerce and SUSS. He exchanged views on blockchain token and global consensus with Christopher Giancarlo, Chairman of the US Commodity Futures Trading Commission (CFTC), who is known as the “cryptocurrency dad.” Both Mr. Giancarlo and Henry Wang believe that the emerging markets that are not yet connected to the Internet will be the main scenario for the large-scale application of blockchain technology. The space ground integration network is a major trend for human beings, and the blockchain technology is the consensus to protect world peace!
Here are the specifics of this week:
1. Spectrum public chain:
1.1 Completed the code adjustment of the link layer module.
1.2 Designed and encoded the global state module.
The specific work is as follows:
1, Photon and Matrix optimisation work.
1.1 Continue to carry out the Photon PMS delegation registration Secret scheme design, update the Photon node delegation trigger mechanism, and improve the security of the Photon node locking asset.
1.2 Perform PFS extended function analysis, discuss the feasibility of secondary splitting of some failed trading scenarios in the big single split hypothesis, and ensure the split design atomicity.
1.3 Continue to carry out the synchronous data synchronisation analysis under the Photon chain, discuss the feasibility of data synchronisation in the channel node in the network state switching scenario, and reduce the forced disconnection of the channel due to data inconsistency.
1.4 Continue to analyse the Matrix offline message mechanism, discuss the conditions and processes related to the offline message of the Matrix push node, and provide support for the subsequent Photon extended payment function.
The specific work is as follows:
1. Customised design of the atmosphere cross-chain.
1.1 Continue to logically interface with the APP front-end, supplement the APP cross-chain operation process description and test cases, and provide application support for Singapore Living Lab cross-chain concept verification.
1.2 Continue to prepare for the cross-chain condition of the Bitcoin test chain, perform BTC Testnet data synchronization and describe the relevant interfaces, and provide multi-block chain cross-chain support for IMDA Interoperability Challenge.
1.3 Conduct a preliminary analysis of the IMDA blockchain challenge theme, understand the purpose of each topic, participation conditions and workflow, and prepare for the subsequent participation in relevant sub-categories.
1.4 Pay attention to the progress of multi-currency payment system, understand the application scenarios such as DvP settlement, conditional payment and trade financing of the exchange, and provide a reference for further landing cross-chain application.
- Release the 2.2.8 version to optimise wallet payment related functions.
- Optimise the page and display the contents of the cross-chain APP.
On November 11, SmartMesh Foundation Chairman Henry Wang and MeshBox CEO Dr. Peter were invited to participate in the Singapore Fintech Festival, which started on November 11th. The Singapore Fintech Festival was co-organized by the MAS and the ABS. At present, the Singapore Fintech Festival has become the world’s largest event dedicated to financial technology, and also a platform to showcase the latest developments in global financial technology. The annual Singapore Fintech Festival is also a platform for global financial technology community exchanges. The third Singapore Fintech Festival held last year attracted more than 45,000 financial technology talents from more than 127 countries, including more than 250 industry experts and more than 480 exhibitors.
Singaporean Prime Minister Lee Hsien Loong participated in the Fintech Festival. Mr. Chia Hock Lai, President of the Singapore Fintech Association, briefed Prime Minister Lee Hsien Loong on the latest achievements and global cooperation in the development of financial technology in Singapore.
Mr. Chia Hock Lai, President of the Singapore Financial Technology Association, introduced the SmartMesh and MeshBox ecosystems to delegations from Chongqing and Suzhou, China.
SmartMesh Foundation Chairman Henry Wang and MeshBox CEO Dr. Peter also discussed potential cooperation possibilities with Xfers from Indonesia, using the SmartMesh network to provide network and cross-chain stable currency services to unconnected populations in Indonesia. Xfers has just obtained the MAS license for stable currency.
On the second day of the FinTech Festival, IMDA launched a blockchain challenge called “Growing and Connecting Blockchain Business Networks (Nov 2019)” on the government website. Ubin, the government project led by MAS and IMDA, and the first blockchain Living Lab created by SUSS, SmartMesh and MeshBox were included in the official document of the challenge.
Each blockchain project can apply for this document and participate in the Living Lab of the blockchain interoperability challenge. IMDA will award 50,000 to 100,000 Singapore dollars for outstanding projects!
In order to be included in the IMDA blockchain challenge document as the cornerstone project, SmartMesh has spent half a year’s hard work, developed the Atmosphere cross-chain project and improved the architecture and API documentation. At the SFF, SmartMesh Foundation Chairman Henry Wang communicated with several world-class blockchain projects. These projects will build an ecosystem with SmartMesh to build the next generation Internet of Value infrastructure and inclusive applications.
On November 14th, Ms. Su Hui Tay, responsible for financial innovation of MAS, visited SmartMesh’s booth at the Singapore Financial Technology Centre. She hoped that SmartMesh would become Singapore’s Visionary, and MAS would also provide projects to meet Singapore’s development vision. Strong support! Ms. Su Hui Tay and Mr. Henry Wang had a working lunch. She told him that the two projects she volunteered for can be combined with SmartMesh Ecosystem. One is a machine translation system for small languages in developing countries, and the other is helping to develop education in the Philippines. Ms. Su Hui Tay also made a lot of valuable suggestions for SmartMesh’s slides.
On the afternoon of November 14, Mr. Henry Wang exchanged views on blockchain and global consensus with Christopher Giancarlo, Chairman of the US Commodity Futures Trading Commission (CFTC), who is known as the “cryptocurrency dad”.
SmartMesh would like to thank Professor Li Guoquan and SUSS for their invitation. Mr. Henry Wang participated in the closed meetings titled “Fostering A Global Token Ecosystem” jointly organized by the Chamber of Digital Commerce and SUSS today. Attendees included the Chairman of the US Commodity Futures Trading Commission (CFTC) Christopher Giancarlo and President Trump Economic Advisor, Patomak Global Partners CEO, former US Securities and Exchange Commission (SEC) Members Paul Atkins, Professor Li Guoquan and representatives from the United States, Britain, Singapore, China, Germany, Malaysia, Mexico, the World Bank, the Asian Development Bank and other industry representatives.
Christopher Giancarlo said that innovation solves the problem of the world. Regulation can’t run faster than innovation, but it can’t fall behind a lot. It should support innovation. He respects China’s upcoming policy of issuing digital fiat currency DCEP. He said that the US dollar’s actions must be more cautious because up to 70% of the US dollar is the reserve currency. He believes that digital fiat currency, super-sovereign digital currency and industry-based utility tokens can coexist in the free market, and each has its own meaning. His speech won applause from the audience. This is why Mr. Henry Wang and Mr. Chairman later exchanged in-depth exchanges on the token system of Internet of Value infrastructure. Both Mr. Chairman and Henry Wang believe that the emerging markets that are not yet connected to the Internet will be the main scenario for the large-scale application of blockchain technology. The space ground integration network is a major trend for human beings, and the blockchain technology is the consensus to protect world peace!
On November 15th, a number of projects that signed up for the IMDA Blockchain Interoperability Challenge visited SmartMesh’s booth at the Singapore Financial Technology Center to discuss business and technical details of the collaboration. As described in the IMDA documentation, the Singapore blockchain Living Lab aims to create a large ecosystem across infrastructures of the distributed storage, distributed communications, distributed computing, transactive energy and inclusive finance, supply chain finance, and scalable social applications.
