SmartMesh BiWeekly Report (2020.06.20-2020.07.03)

July 25, 2020, 11:48 p.m.

Smail SMT 0 18 0


SmartMesh CEO Henry Wang recently attended the China-Singapore Blockchain Leaders Forum as a representative of his Singapore blockchain project.  The event was co-sponsored by Singapore the University of Social Sciences (SUSS), Wanxiang Blockchain, and Babbitt, the Monetary Authority of Singapore. The Chief Financial Technological Officer of HKMA, Chairman of the Singapore Fintech Association, and the Head of the IMDA Innovation platform all attended the meeting. Professor David Lee said in his opening speech, “Singapore does not reject the idea of using tokens or cryptocurrencies as payment systems, nor does it oppose the development of crypto-banking services that are fully convertible between cryptocurrencies and fiat currencies. Therefore, we believe crowdfunding as a form of financing – the issuance of tokens, is bound to reach new heights. Singapore’s planning in this area is quite complete.”

Professor David Lee, in collaboration with SmartMesh and MeshBox, created the Singapore Blockchain Living Lab which is now hosting the SUSS-SmartMesh Workshops cum Blockchain Challenge 2020. This event not only promotes the popularization of blockchain knowledge, but also celebrates the landing and circulation of the SMT Token on the SUSS campus. Teachers and students, investment institutions, and SmartMesh partners have all participated in the workshop and have experienced the use of the Tango wallet APP, querying and usage of the spectrum chain, the acquisition and transfer of SMT, the construction and application of smart contracts, and other blockchain-based functionality.

 

Here are the work details for this week:

The specifics are as follows:

1. Photon optimization related work.

1.1 Communicated the startup and maintenance issues of the MeshBox version of Photon, and investigate the reasons for a startup failure caused by the deletion of a private key to further improve the applicability of Photon.

1.2 Discussed the incentives for Photon to support IoT data delivery, and conduct a feasibility ****ysis of direct channel payment deliveries in networkless scenarios. Also prepared for the application of the subsequent communication-based micro-payment ecology.

1.3 Continued ****yzing third-party entrusted withdrawals of money, compared the handling of entrusted timeouts and refusals to withdraw cash with the current process, and further improved the scope of PMS entrusted service functions.

The specifics are as follows:

  1. Atmospheric interoperability and Living Lab preparations.

1.1 Continued to support the Singapore SUSS Workshop, performed test chain data synchronization and debugged the Atmosphere cross-chain applications, and provided support for subsequent Singapore SUSS Living Lab challenges.

1.2 Continued to discuss the MESH certificate model and planned the initial construction of the LoRa coverage proof to prepare for the further expansion of support for interoperability of applications within the ecology.

1.3 Continued to dock with the JED Trade collaboration project, communicated and demonstrated the JedES workflow, and provided support for subsequent project interoperability and cooperation development.

The specifics are as follows:

Collaborated with SUSS to produce SmartMesh related product courseware and added some functionality and instructions regarding the process.

The specifics are as follows:

 

  1. SmartMesh CEO Henry Wang attended the China-Singapore Blockchain Leaders Forum as a representative of his Singapore blockchain project. The event was Co-sponsored by Singapore University of Social Sciences (SUSS), Wanxiang Blockchain, and Babbitt. Henry mentioned that the next ten years will be the decade where the entire world’s population will get connected to the Internet as an integrated network will spread to cover every corner of the world within this time period. There are huge market opportunities for SmartMesh, MeshBox, and all of their partners. SmartMesh Executive Director and Chairman of Singapore Fintech Association Chia Hocklai also attended the Leadership Summit and participated in a roundtable discussion on industry regulation.
  2. SmartMesh ecosystem partner Dedoco has developed a verification application for students, which uses a blockchain-verified progress tracker to check on seminar progress. At the end of the seminar, students will receive proof of attendance that can be verified on the SmartMesh Spectrum blockchain. The spread of the Covid-19 pandemic has pushed learning institutions to adjust their teaching methods to virtual delivery. This is an opportunity to provide the students with a real experience of new technologies such as blockchain as they take the seminar itself.

Professor Lee commented “History is made” after an article was published on the Opennodes website co-founded by the Singapore IMDA.

  1. SmartMesh CEO Henry, Advisor Peter Yan and the founder of the Philippines Inclusive Education Project Veronica Andrino held a Zoom meeting and provided many suggestions for the project. The project will appear in the Singapore Workshop next week. The two parties will expand within the field of inclusive education in the Philippines.
  2. SmartMesh CEO Henry Wang held a Zoom meeting with Benny Yeo, Secretary General of Telecom of the Eastern ASEAN Region (BIMP-EAGA). The Eastern Region of ASEAN includes the Philippines, Indonesia, Malaysia and Brunei. After listening to Henry’s introduction of SmartMesh, Benny said that this is exactly the type of technology needed by the ASEAN East Region countries. He will arrange a meeting with the head of Telecom Indonesia, and the two sides will make detailed arrangements for cooperation.