SmartMesh BiWeekly Report (2019.03.28-2019.04.10)

April 13, 2020, 5:19 p.m.

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This week, Mr. Henry Wang, the founder of SmartMesh, participated in the Blockchain Economic Forum organised by LATOKEN. The forum mainly focuses on how COVID-19 affects the economic development of China, India as well as Southeast Asia, with the theme : “How to revolutionize enterprises, developing new business modes, finding opportunities in the crisis”. As Henry said, “the impact caused by the epidemic will be one of the most profound and subversive one ever witnessed. The existing world structure will be reconstructed. People are concerned that de-globalization could lead to version 4.0 of globalization, where blockchain will play an active role.

  1. The world will gradually enter a cashless society. The biggest obstacle is that half of the world ’s population has no network. Whether it is electronic currency or digital cryptocurrency, without a network, a cashless society cannot be achieved. Therefore, the integration of the space-ground integrated information network will accelerate. The goal of connecting all mankind within will be achieved.
  2. The control of the epidemic in areas such as Southeast Asia, India, Africa, and South America will be much more difficult than that of China, Europe, and the United States. Part of the reason is that it is difficult for people without the Internet to stay quarantined at home. It is unimaginable that residents of modern society will be isolated at home for several weeks without access to the Internet. When Internet connectivity is not available to such people, a local Mesh network connection and distributed storage can solve the basic needs of local entertainment, education, and social interaction for a community.
  3. If offline payment (both payer and payee are off-internet) cannot be achieved, it is impossible to move towards a cashless society. SmartMesh and MeshBox ecosystem provides a new infrastructure to enable global cryptocurrencies and support offline payments of various fiat currencies.

Here is the specific work for the past two weeks:

1.Photon optimization related work.

1.1 Check the operational status of Photon-related nodes.  Perform functional verification on the public chain nodes, contracts and third-party services that Photon depends on to ensure the stability of the test and off-chain transactions.

1.2 Carry out the optimization design of Photon non-intermediate node restrictions, introduce parameters for users to choose the node function type independently, complete the Photon corresponding interface adjustment and PFS routing scheme adjustment and parallel debugging test, and further improve the PFS routing performance.

1.3 Initial work on the adjustment of the overdue contract withdrawal, introduce overtime parameters and set overdue withdrawal logic setting, in order to further improve the user’s token withdrawal experience.

1.4 Continue to carry out Photon and PFS code grooming, complete code comment improvement and scene description supplement and other content specifications to prepare for further improving the quality of the code.

Android (2.3.6) and iOS (2.3.7) version updates,

Optimize transaction remarks and address remarks functions, which enhance and improves user experience.

Android (2.3.6) and iOS (2.3.7) version updates,

Optimize transaction remarks and address remarks functions, which enhance and improves user experience.

  1. In mid-February, officials from the Hong Kong Government Community Investment Fund contacted SmartMesh founder Henry Wang, hoping that MeshBox and SmartMesh could support their “2020 Virtual Internship Program” initiated by them. An intern from Hong Kong has already joined SmartMesh in March, and the English version of the weekly reports are translated by the intern. The SmartMesh Foundation has regarded education as an indispensable aspect and social responsibility for the development of blockchain. The education and training of college students who are about to enter society will undoubtedly have a profound impact on the construction of a global token system.

 

  1. SmartMesh advisor Peter, Marilyn from Singapore marketing department and Singapore’s legal advisors held several conference calls to continue preparations to apply for the Payment Services Act license handled by the Monetary Authority of Singapore (MAS).

 

This week, Mr Henry Wang, the founder of SmartMesh, participated in Blockchain Economic Forum organised by LATOKEN. The forum mainly focuses on how COVID-19 affects the economic development of China, India as well as the whole Southeast Asia: how to revolutionize enterprises, developing new business modes find opportunities in the crisis. As Henry said, the impact by the epidemic would be one of the most profound and subversive ones. The original world would be reconstructed. De-globalization that people are worried about would evolve into a revolutionary pattern, version 4.0 of globalization, in which blockchain will play the most active role.

 

  1. The world will gradually enter a cashless society. The biggest obstacle is that half of the world ’s population has no network. Whether it is electronic currency or digital cryptocurrency, without a network, a cashless society cannot be achieved. Therefore, the space ground integration network will be accelerated. The goal of connecting all mankind within will be achieved.

 

2.The control of the epidemic in many areas such as Southeast Asia, India, Africa, and South America will be much more difficult than that in China, Europe, and the United States. Part of the reason is that it is difficult for people without the Internet to isolate themselves at home. It is difficult to imagine that residents of modern society are isolated at home for several weeks without access to the Internet. When the Internet cannot connect more of these people, the local Mesh network connection and distributive storage can solve the basic needs of isolating entertainment, education, and social interaction at home.

 

  1. If dual offline payment cannot be achieved, we will never be able to do cashless society. The SmartMesh and MeshBox ecosystems provide new infrastructure for the issuance of global cryptocurrencies and support dual offline payment of various national currencies.

 

  1. The 2020 Blockchain Economic Forum was held very successfully. After the meeting, Wang received many greetings and congratulations. Among them, Felix, the co-founder of Dash NEXT who spoke at the same conference, contacted Mr. Wang through Linkedin and said that what SmartMesh has done is very meaningful. Both parties are pleased to participate in an online meeting next week to discuss how to support DASH offline payment in the SmartMesh network .

 

  1. Preview: Mr. Henry Wang was invited to speak at the “Blockchain beyond Covid-19 Pandemics” online webinar by Mr. Evan from the World Blockchain Foundation. The seminar will be broadcast live to the globe.