SmartMesh BiWeekly Report (2020.09.26-2020.10.09)

The SmartMesh Foundation is very happy to announce that Ms. Juanita Woodward has officially joined the SmartMesh Foundation as an advisor. Ms. Woodward has extensive work experience in the global financial industry, having worked for the World Bank, Asian Development Bank (ADB) and United Nations Capital Development Fund (UNCDF). Ms. Woodward is also the Principal of Connecting the Dots in Singapore and has been working on digital/financial service innovation projects in Asia related to the United Nations Sustainable Development Goals.

SmartMesh extends its appreciation to Professor David Lee for recommending Ms. Woodward to the foundation. Professor David Lee recently wrote a policy brief on “Accelerating Digital Financial Services and Infrastructure Construction” for the Asian Development Bank ADB. This policy report hopes that distributed ledger technology mesh networks (DLT + Mesh) will serve as a social welfare and digital infrastructure, to accelerate the economic recovery from COVID19 as well as the process of inclusive finance. Ms. Woodward, who worked and served as a consultant at ADB, will undoubtedly help implement the funding arrangement and deployment process of ADB’s integration of satellite Internet and mesh networks.

Here is the specific work for this week:

The specific work is as follows:

1. Photon optimization related work.

1.1 Analyzed and understood the design of DEX Layer2 that supports multi-chain asset swaps, made preliminary comparisons between zk-Rollups, Optimistic Rollups and Photon’s TokenSwap, and made optimization preparations for the subsequent expansion of Photon applications.

The specific work is as follows:

  1. Atmospheric interoperability and Living Lab preparations.

1.1 Analyzed NFT-DeFi-related projects, understood DeFi-Staking, DAO governance, and provided liquidity through token pledge to obtain income and other processes, and provided support for the subsequent expansion of Atmosphere DeFi applications.

 

1.2 Continued to design the Atmosphere ERC721 contract function, adjust the internal business logic of the Go version of LockIn on the ERC721Token, and prepared for the further expansion of support of the interoperability ecosystem application field.

1.3 Continued to dock with JED Trade collaboration projects, design new interfaces and update parameters for LockIn&LockOut in WEB call design, and provide support for subsequent project interoperability cooperation development.

1.4 Preliminary understanding of the DEX mechanism that supports multi-chain asset swaps, including: automatic orders, intelligent routing, address auditing, bonding curve, etc., to provide reference for subsequent optimization of Atmosphere cross-chain transactions.

The specific work is as follows:

Designed and developed the ecosystem module to increase the function of Defi mining in MeshBox NFT mode on the Tango App.

The specific work is as follows:

The SmartMesh Foundation is very happy to announce that Ms. Juanita Woodward has officially joined the SmartMesh Foundation as an advisor. Ms. Woodward has extensive work experience in the global financial industry, having worked for the World Bank, Asian Development Bank (ADB) and United Nations Capital Development Fund (UNCDF). Ms. Woodward is also the Principal of Connecting the Dots in Singapore and has been working on digital/financial service innovation projects in Asia related to the United Nations Sustainable Development Goals.

Juanita Woodward
  1. Professor David Lee recently wrote a policy brief on “Accelerating Digital Financial Services and Infrastructure Construction” for Asian Development Bank (ADB). This policy report hopes that distributed ledger technology plus mesh networks (DLT + Mesh) will serve as a social welfare and digital infrastructure, to accelerate the economic recovery from COVID19 as well as the process of inclusive finance. SmartMesh extends our appreciation to Professor David Lee for recommending Ms. Woodward to the foundation. Ms. Woodward, who worked and served as a consultant at ADB, will undoubtedly help implement the funding arrangement and deployment process of ADB’s integration of satellite Internet and Mesh network.

 

  1. The World Blockchain Foundation contacted SmartMesh Foundation to discuss the creation of a blockchain living laboratory in the tallest completed building in Malaysia. SmartMesh, MeshBox and Professor David Lee blockchain laboratory started from Singapore University of Social Sciences and the workshops held and the Singapore Blockchain Competition have aroused great social response. The Office of the Prime Minister of Malaysia and the Ministry of Science and Technology have discussed with SmartMesh for networking in areas where there is no network in Malaysia. The World Blockchain Foundation’s proposal to build a blockchain living laboratory in the bustling city of Kuala Lumpur has a variety of different application scenarios. At present, SmartMesh business representatives and field engineers are studying the building’s layout and accordingly outlining MeshBox’s deployment planning.
  2. On 6th October 2020, the SmartMesh team and the project team near Davao, Philippines conducted preliminary communication on IoT equipment monitoring requirements, invoice marking requirements, and real-time data transmission and storage requirements, and discussed effective solutions. The needs of the Philippine project party also include the need to use blockchain technology to strengthen its internal management and incentives, such as obtaining tokens to encourage construction workers to save fuel and take care of equipment.
  3. On 7th October 2020, SmartMesh founder Mr. Henry Wang, advisor Peter Yan and a Singapore agri-food trade technology solution platform exchanged views on cooperation between the two parties. The platform is based on blockchain, Internet of Things, and artificial intelligence technologies to digitize the agri-food supply chain and realize its data visibility and trade transparency and it has opened up the entire supply chains of farms, factories, cold chains, distribution channels, and end consumers. It can provide traceability records through the supply chain for each fruit. Its business covers the United States, China, Indonesia, Australia and Mexico.

The two parties mainly discussed how the platform can be based on the Spectrum public chain and use the NFT feature to provide corresponding supply chain services for its currently circulating bananas worth about $250 million and other products worth about $1 billion to simplify its supply chain. The existing supply chain process realizes automated management. During the meeting, in-depth communication was also made on specific technical issues such as how to upload data to the chain, and issues such as stable currency and exchange rate conversion.

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