SmartMesh Biweekly Report (2021.01.16-2021.01.29)

Recently, a financial conflict between retail investors and Wall Street broke out in the United States. A large number of retail investors from Reddit assembled to jointly attack hedge fund institutions such as Citron. This “war” went on for more than a week. Retail investors started this massive “counterattack”, which fully embodies the spirit of the blockchain: the power of consensus. With the development of alternative forms of blockchain technology, the power of consensus will be reflected in more fields.

 

Popularizing blockchain education is an important foundation for consensus, and professional blockchain education is important in solidifying Singapore’s lead for a global digital economy. Funded by the Singapore government and sponsored by the Blockchain Association of Singapore, the SmartMesh team is the process of conducting the Singapore Blockchain Developer Training Intermediate Course. This course has been recognized by Singapore officials and the trainees, as student are able to learn and obtain hands-on coding experience in designing and implementing blockchain technology and associated applications. Topics for group projects have been submitted to implement decentralized applications using the knowledge learned during the course.

 

 

The following is the specific work in the past two weeks:

 

The specific work is as follows:

1. Photon optimization related work.

1.1 Continued to analyze the liquidity design of the Photon channel through the DeFi platform.  Discussed the node channel DeFi staking income calculation model and form of payment, and provided technical support for the subsequent expansion of Layer2 DeFi.

1.2 Paid attention to the related Layer-2 instant cross-chain communication functions, confirmed its functional design, cross-chain process, etc.  Analyzed and compared with Photon cross-chain; provided reference for the subsequent expansion of Photon optimization.

The specific work is as follows:

1. Atmosphere interoperability and preparation for JEDTrade cooperation projects.

1.1 Continue to analyze the dynamic adjustment mechanism of distributed notaries; discussed the update method of the threshold signature notary group and analyzed NFT cross-chain adaptation of the HTLC contract.  Preparing for the subsequent rotation of notaries and NFT adaptation.

1.2 Continued to perform functional integration with the JEDTrade cooperation project; confirmed the data structure of the on-chain NFT contract, NFT type, and corresponding functions of Farmer and Buyer; provided support for subsequent project interoperability.

1.3 Discussed and confirmed NFT cross-chain adaptation plan; carried out conventionalized, simplified, and optimized plan design and adaptation for PO (Purchase Order), DO (Delivery Order), and INV (invoice) cross-chain on Ethereum and Spectrum. Analyzed the scenario and requirement to provide framework support for business data NFT cross-chain.

 

The specific work is as follows:

1. According to the needs of ecosystem partners, performed product function integration and some process adjustments.

2. Adjusted the development schedule and product demand pool.

 

The market and business activities of the SmartMesh project were carried out in a busy but orderly manner, as follows:

SmartMesh consultant Dr.Peter held conference calls with two American companies, Helios Edge and T3DP 3D Solar company, to exchange information for a cooperation plan. This plan applies the SmartMesh Spectrum public chain and MeshBox to the Helios Edge microgrid testbed, and integrates T3DP’s 3D solar technology.

1. The SmartMesh marketing team and the core members, using media platforms such as Wechat official account and BiHu digital currency community, worked to enhance the consensus between the community and the project developers, allowing more like-minded people to gather insights to better understand the SmartMesh project and join SmartMesh development.

2. Recently, a financial conflict between retail investors and Wall Street broke out in the United States. A large number of retail investors from Reddit assembled to jointly attack hedge fund institutions such as Citron. This “war” went on for more than a week. Retail investors started this massive “counterattack”, which fully embodies the spirit of the blockchain: the power of consensus. With the development of alternative forms of blockchain technology, the power of consensus will be reflected in more fields.

3. Popularizing blockchain education is an important foundation for consensus, and professional blockchain education is important in solidifying Singapore’s lead for a global digital economy. Funded by the Singapore government and sponsored by the Blockchain Association of Singapore, the SmartMesh team is the process of conducting the Singapore Blockchain Developer Training Intermediate Course. This course has been recognized by Singapore officials and the trainees.

During the course, students are able to learn and obtain hand-on coding experience in designing and implementing blockchain technology (such as Hyperledger, SmartMesh Spectrum blockchain, Photon, Atmosphere and related decentralized protocols), these technologies have been put into practice in the SmartMesh ecosystem, and will be integrated into more effective applications as the technologies are popularize. Topics for group projects have been submitted to implement decentralized applications using the knowledge learned during the course.

4. This past Friday, Professor David Lee signed some important documents related to the SmartMesh Foundation. In the evening, SmartMesh CEO Henry had a meeting with Professor Lee. Professor Lee once again affirmed the development of the SmartMesh project and said that he will invest more time with SmartMesh and MeshBox teams to bring Inclusive Communication and Inclusive Finance to the emerging and underserved areas.

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