SmartMesh BiWeekly Report (2020.06.06-2020.06.19)

June 19, 2020, 2:46 p.m.

Smail SMT 0 6 0


This week, the Vice President of the Economic Society of Singapore, SUSS Professor David Lee and Caroline published a paper on The Journal of FinTech! Professor Lee posted a post on WeChat, “I published an academic paper on Blockchain use cases for inclusive FinTech: Scalability, Privacy and Trust Distribution with Caroline Lim on The Journal of FinTech! It detailed on how SmartMesh, InfoCorp and AID: Tech, which are blockchain projects that have gained the attention of many countries”.

Henry, the founder of SmartMesh, replied, “Thank you Professor Lee for writing SmartMesh and MeshBox into papers as a blockchain application case! The world we live in is an era of extreme imbalance, where there is a lack of trust and uncertainty. It is only by inclusive connectivity, inclusive finance and inclusive education where we can help build a “new Infrastructure” we can trust and eliminate hatred, war and racism with the token system of the community of humanity. Blockchain is the shield for humanity and world peace!”

Today, Musk’s StarChain Space Internet started private testing! This is great news for SmartMesh’s inclusive connectivity project! Starchain is the backbone of space network, and SmartMesh has been dedicated to solve the last mile of the Space Ground Integrated Network. Musk announced that Starchain plans a monthly rent of US$80, but for remote areas with underdeveloped networks, the monthly rent of US$80 seems too pricey.

The use of SmartMesh and Starchain together can allow a village to share one or several Starchain channels, which reduces the cost of use on the one hand and improves the user experience of Starchain. Otherwise, direct satellite connection to each household is too much to bear. The use of Starchain and SmartMesh can easily speeds up network, no longer limited by the implementation of optical fiber, network cable, buried cable and other engineering projects, and this lowers the cost of  network and equipment maintenance in remote areas. SmartMesh will be bringing affordable internet to the underdeveloped areas. Inclusive connectivity, inclusive finance and inclusive education are the reasons Professor Lee listed SmartMesh as an important blockchain user case in his paper.

 

Here is the specific work for this week:

 

◆ Photon network ◆

The specific work is as follows:

1.Photon optimization related work.

1.1 Analyzed the design of payment privacy protection, and the use cases of the related Layer2 technology privacy requirements, such as: fund source privacy, settlement privacy and channel topology privacy, etc., to provide a reference for improving the privacy of Photon payment applications.

1.2 Continued carrying out the design of third-party entrusted money withdrawal, refine the entrusted timeout, refuse money withdrawal processing mechanism, and further improve the scope of the PMS entrusted service function.

1.3 Discuss Photon’s support for IoT data transfer incentives, conduct a feasibility ****ysis of indirect channel encrypted data transfer charges, and prepare for plans for subsequent communication-based micropayment ecosystem applications.

 

◆ Atmosphere (cross-chain) ◆

The specific work is as follows:

1.Atmospheric interoperability and Living Lab preparations.

1.1 Continued to support the Singapore SUSS Workshop, advise on the design of privacy storage and Atmosphere cross-chain demonstration links, and provide support for subsequent Singapore Living Lab challenges.

1.2 Continued to connect with JED Trade cooperation projects, conduct preliminary discussions on the detailed requirements and functional design of challenging projects, and provide support for subsequent interoperability and cooperative development of projects.

 

◆APP◆

The specific work is as follows:

Tokenize Commerce Products

According to Singapore’s SUSS requirements, Singapore University of Social Sciences teachers and students can test and implement Token Commerce product Demo.

 

◆Marketing◆

The specific work is as follows:

  1. The integration of the SMT online payment function and the MESH incentive mechanism is applied to broadband access such as satellite Internet, constructing a mesh network, sharing broadband outlets, and sharing bandwidth costs. Utilising the existing SMT paid Internet function to integrate MeshBox’s MESH incentives to build a collaborative ecosystem business model.

 

  1. The vice-President of Singapore Blockchain Federation and the co-founder of Dedoco will give a speech at the SUSS-SmartMesh Workshops. At the same time, the Marketing department jointly released market publicity activities relating to the event. Marketing Executive of Dedoco, Vanessa and Marilyn of SmartMesh’s marketing department will specifically promote related matters. Dedoco will use blockchain technology based on SmartMesh to create an electronic identification for students participating in Workshop, and provide solutions for related data security and data exchange.
  2. SmartMesh IMDA project partner, JEDtrade will send technical lead, Hendrik to attend SUSS-SmartMesh Workshops and deliver a keynote speech based on JEDtrade and SmartMesh cross-chain interoperability.

 

  1. This week, the Vice President of the Economic Society of Singapore, SUSS Professor David Lee and Caroline published a paper on The Journal of FinTech! Professor Lee posted a post on WeChat, “I published an academic paper on Blockchain use cases for inclusive FinTech: Scalability, Privacy and Trust Distribution with Caroline Lim on The Journal of FinTech! It detailed on how SmartMesh, InfoCorp and AID: Tech, which are blockchain projects that have gained the attention of many countries”.

Paper address:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629135