2021 can be regarded as the first year for the Internet of Value. SmartMesh and MeshBox ecosystem established a decentralized autonomous organization, meshDAO, a pioneer of the Internet of Value. MeshDAO will be responsible for the global distributed Internet of Value deployment. Next week, we will have our first press release for global strategic partners since the establishment of meshDAO.
The Internet of Value is the foundation of Web3.0 applications. The concept of Web3.0 was first proposed by SmartMesh founder Henry Wang in 2003. In 2004, Henry created Movo without Boundary, the world’s first cross-language platform based on AI machine translation to realize the ideal of “One World One Web” (https ://wenwen.sogou.com/z/q765214622.htm). The father of Web, Tim Berners-Lee, later evolved Web3.0 into the Semantic Web. After Satoshi Nakamoto released the Bitcoin white paper, blockchain technology was introduced into Web3.0. BM and Gavin Wood have successively improved Web3.0. The underlying infrastructures are the foundation to achieve a real Internet of Value. This is precisely what SmartMesh and MeshBox ecosystem have been working on, while other projects like Bitcoin, Ethereum, and Polkadot are lacking distributed network infrastructures.
The Internet of Value is an improvement over the Information Internet, through the integration of Blockchain technology. Based on the history of the Internet and blockchain, we plan to launch the distributed Internet of Value and make available 2,100 MeshBox NFTs (called DNET). The first 100 NFT have been swapped by strategic investors, including the Vice President Economic Society of Singapore, Chairman of the Singapore Fintech Association, representatives from compliance exchanges, lawyers, private bankers, ecosystem partners, and well-known VC partners, etc. More than half of the meshDAO seats in the second batch, consisting of 400 DNET NFTs have been reserved. Qualified investors who are interested in participating in the development of the Internet of Value ecosystem can only obtain NFT after signing KYC certification and other agreements.
The specific work in the past two weeks is as follows:
The specific work is as follows:
- Photon optimization related work.
1.1 Analyzed related Layer-2 DeFi expansion and speed optimization, and the use of Layer 2 Rollup to build a decentralized intermediary model and directional DeFi protocol. Provided technical support for the subsequent expansion of Photon Token Swap.
1.2 Designing the two-layer architecture of SmartMesh IoT ecosystem by analyzing the component connection, authentication management and transaction control logic under the off-chain scenario in the dual-chain mode. Provided a reference for the subsequent expansion of the SmartMesh ecosystem application scenarios.
The specific work is as follows:
- Atmosphere interoperability and preparations for JEDTrade cooperation projects.
1.1 Continued to discuss the cross-chain DeFIoT of related IoT projects, conducting a feasibility analysis of the IoT sensor device off-chain transaction and on-chain transaction trigger control logic. Prepared for the subsequent distributed notary to improve cross-chain adaptability.
1.2 Analyzed the scalability of off-chain functions of the cross-chain DeX solution. Performed Layer 2 expansion feasibility analysis on the instant exchange and related services provided by the Dex solution. Provided support for the subsequent further expansion of cross-chain off-chain functions.
1.3 Continued to cooperate with JEDTrade to organize the IMDA submission report materials, summarizing and verifying the NFT contract PO, DO and notary cross-chain interaction interface documents. Provided support for the overall cross-chain interoperability program.
The specific work is as follows:
1. New version of Tango app functions have been adjusted for some compliance-related requirements and are undergoing testing.
2. Assisted with product documentation and other work from ecosystem projects cooperation.
The market and business activities were intense, but carried out in an orderly manner, as follows:
- 1.The NFT cross-chain project jointly developed by the SmartMesh and JEDTrade has completed the project demonstration stage. This month, the relevant departments from Singapore government will release the first project development funds.
- 2021 can be regarded as the first year for the Internet of Value. SmartMesh and MeshBox ecosystem established a decentralized autonomous organization, meshDAO, a pioneer of the Internet of Value. MeshDAO will be responsible for the global distributed Internet of Value deployment. Next week, we will have our first press release for global strategic partners since the establishment of meshDAO.
- A Hong Kong music company is planning to release music NFT on Spectrum with SmartMesh.
- In the past month, Huobi Mining Pool has purchased and configured 400 servers for SMT staking mining, and conducted performance and security tests with SmartMesh engineers. Currently, all 400 nodes have been set up. After risk management processes, SMT staking mining will begin.
- Mr. Henry Wang, the founder of the SmartMesh project, was invited by Huobi to participate in the ” Huobi Night, Road to Rising ” event organized by Huobi in Shanghai on April 10, 2021.
