IOST Weekly Update — April 9th-April 16th
The Internet of Services Foundation is developing a next-generation, scalable blockchain able to handle the throughput necessary for mass adoption. Its openness, ultra-high TPS, privacy protection, scalability, security, and adoption of many pioneer innovations will provide infinite new possibilities for online service providers to serve their customer base.
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Summary
This week CEO and Co-Founder Jimmy Zhong met with Teslink Technology, one of the premiere IoT companies in China, and gave a lecture to visiting Rhodes Scholars. Meanwhile, our tech team made strong headway, we opened a Discord channel, and community growth has begun to ramp up in an exciting way. Read on for more about what the Internet of Services team has been up to this week!
Global Growth
China
On April 12, Jimmy visited Teslink Technology for a technology discussion.
Teslink Technology is one of the largest Internet of Things companies in China. With the underlying technology of the Internet of Things as its core, it builds a complete city-level mobile Internet of Things through smart hardware, cloud services and mobile terminal layout. The ecosystem works in verticals such as “building and city management.”
Jimmy stated that IOST will work to establish close relationships and partnerships with technology companies around the world in order to combine traditional technology with blockchain technology. He believes these partnerships will be integral to growing the Internet of Services ecosystem and will help to drive widespread blockchain adoption.
This week Jimmy also had the chance to lecture a visiting group of Rhodes Scholars. Drawing on his years of successful entrepreneurial experience in China and the United States, he spoke on the development of Sino-American technology companies and encouraged the elite scholars to pay more attention to the technology industry and also make full use of technology to optimize traditional industries. Most importantly, he encouraged them to view technology as a vehicle for creating convenience, and urged them to seek ways to create value for people in whatever industry they pursued.
The Rhodes Scholarship is one of the most competitive scholarships in the world. It is known as the “Nobel Prize for Undergraduates” and has inspired more than 8,000 scholars, including former President of the United States Bill Clinton, over its storied 116 year history. The Rhodes Scholars who visited were specialists in fields ranging from finance, to law, to cybersecurity.
Korea
We have enjoyed great success introducing IOST to the Korean market and are happy to have been covered in five South Korean digital media outlets this week. These articles reported on IOST and introduced the Internet of Services vision and latest developments. They can be found at the following links:
Webdaily, Newsworker, News20, KPEnews, Special Economy
The United States
Our Silicon Valley office has almost completed its setup and we are looking forward to adding several new team members and beginning to host events soon. We also started engineering our first dApp and are excited to tell our community more about in the coming months.
We are also in talks with several major PR firms and are excited to start honing our message for the non-crypto audience. We believe mainstream adoption requires a mixture of incredible technology and effective community outreach and are committed to making a vibrant IOS ecosystem.
Developer Update:
[Transactions] Signature verification of endorsing peers and parsing the payload are finished. Endorsement policies for transactions are used. Functionality of representing basic unit of objects in transactions are planned now. Almost anything with monetary value can be represented.
[Nodes] End-user functionality of node and the data dissemination mechanism, delivery guarantee, and total order broadcast are now tested. Peer connection, code execution, and ledger update event are being planned.
[Ledger] All State modules and transition modules, the ordering service API, component of delivering ordered transactions as blocks are being implemented now. The key-based lookups functions to query ledgers is being scoped.
[Debug] An IOST debug library, including debug mode and debug related functions is scoped and finalized.
Community Update
We are excited to announce the launch of our official Discord channel! We are aiming to make Discord a place to have more technical discussion while also creating a fun and interactive atmosphere. We will be setting times each week when IOST Co-founders will drop in to converse with our community. The Discord can be found here.
We are also running a small giveaway for community members who join our Reddit and Discord. The details can be found here.
In regards to community growth, this week IOST’s Korean Facebook followers surged from 2,200 to 20,000, an increase of nearly 10 times. The number of followers on our english Twitter increased from 207,869 to 211,374 while the The South Korean and Japanese Twitter accounts also experienced steady growth. In addition, our Vietnamese Telegram community is very active and exceeded 100 people within 72 hours of its creation. Lastly, our Reddit has experienced its third straight week of 5% growth.
We attach great importance to the construction of the international community and try to ensure that all community members can understand the progress of IOST in their native language. Please contact us at team@iost.io if we do not have coverage in your native language or if you want to help us interact better with your community!
