SmartMesh Biweekly Report (2021.02.13–2021.02.26)

March 23, 2021, 6:03 a.m.

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This biweekly report coincides with the Chinese Lantern Festival. The SmartMesh project team would like to wish everyone in the SmartMesh community a happy Lantern Festival!

Friday afternoon, SmartMesh CEO Henry Wang, chief architect Scott, and Atmosphere cross-chain technology lead developer Steven held a video conference with the Singapore JEDTrade team. Funded by Singapore’s IMDA, and jointly developed by JEDTrade and SmartMesh, the NFT cross-chain project has been completed for the initial stage and submitted to IMDA. The SmartMesh and JEDTrade teams discussed the application prospects of our joinly developed NFT cross-chain technology and plan to promote it during the Philippines deployment of the Value Internet.

 

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 ****yze the liquidity design of the Photon channel, activated through the DeFi platform.  Evaluated the node channel staking support for cross-chain DeFi and controlled leverage risks, which provides technical support for the subsequent expansion of Layer 2 DeFi.

1.2 Continued to ****yze the SmartMesh ecosystem IoT Photon Payment Network, discussed the application conditions of data payment between IoT devices through the Photon Network (Photon node operating environment requirements, data mining requirements, channel network configuration), and provided reference for subsequent expansion of Photon application.

The specific work is as follows:

  1. Atmosphere interoperability and preparations for JEDTrade cooperation projects.

1.1 Paid attention to cross-chain transactions in related cross-chain projects, evaluated the process and effect of cross-chain transfers between test nets and parallel chains by using cross-chain messaging mechanisms, and planned for subsequent notaries to improve cross-chain adaptability.

1.2 Initially completed the development of the DO and INV business control process of the NFT cross-chain solution, correctly verified DO cross-chain, INV cross-chain, and notary automatic monitoring process, and provided support for subsequent overall business and cross-chain integration.

1.3 Cooperated with JEDTrade to demonstrate the project business process function, assisted the notary cross-chain back-end support, to achieve the NFT cross-chain business logic of the Ethereum test chain and the spectrum test chain, and provided support for the realization of the project’s cross-chain interoperability function.

The specific work is as follows:

  1. Adjusted (coordinated) product functions according to the needs of project partners.
  2. Developed a product work plan and project arrangement.

The marketing and business activities of the SmartMesh project were intense, but carried out in an orderly manner, as follows:

  1. This week, the three directors of SmartMesh, Henry Wang, David Lee, Chia Hock Lai, and consultant Juanita conducted intensive discussions on the company’s development, discussed and determined the next PR and marketing plans.
  2. A European aerospace-related company contacted SmartMesh, hoping to cooperate with SmartMesh and Chinese aerospace companies. The company name is temporarily unrevealed due to confidentiality reasons. Three parties will have further discussions next week.
  3. Friday afternoon, SmartMesh CEO Henry Wang, chief architect Scott, and Atmosphere cross-chain technology lead developer Steven held a video conference with the Singapore JEDTrade team. Funded by Singapore’s IMDA, and jointly developed by JEDTrade and SmartMesh, the NFT cross-chain project has been completed for the initial stage and submitted to IMDA. The SmartMesh and JEDTrade teams discussed the application prospects of our joinly developed NFT cross-chain technology and plan to promote it during the Philippines deployment of the Value Internet.