IOST Weekly Update — March 19th-March 26th

4 min readMar 26, 2018

The Internet of Services Foundation is developing a next-generation, scalable blockchain that will be able to handle the throughput necessary for mass adoption. Its openness, ultra-high TPS, privacy protection, scalability, security, and adoption of many pioneer innovations provide infinite new possibilities for online service providers to serve their customer base.

Learn more about us on our website and interact with the team on our telegram.

Blockchain Research Workshops

This week CTO Terrence Wang visited Zhejiang University and Shenzhen University to host research workshops with graduate students from their Computer Science and Engineering departments. The workshop discussed the fundamental and frontier research topics for blockchain technologies and also delved into how IOS plans to help open-source blockchain communities, as well as foster broader academic engagement in the blockchain space.

CTO Terrence Wang speaking with graduate students from Zhejiang and Shenzen University

Techtalk

Education is a core concept for the IOST team as we believe that education is the key for widespread adoption of blockchain technology. In order to understand the importance of the blockchain we are building, we believe our community needs to know about the blockchain industry, its challenges and its history. In part two of his second tech talk, CTO Terrence Wang did a deep dive into “layer 2” solutions. He also spoke more in depth about how to use “Layer 1” solutions to address scalability. We encourage you to check out his video here.

Developer Update

[Transactions] Transaction deployment and execution on blockchain wrapped and is ready for use. Signature verification of endorsing peers and parsing the payload are in implementation. Endorsement policies for transactions are enhanced.

[Nodes] Delivery service module is ready to use. End-user functionality of node and the data dissemination mechanism is being implemented now. Delivery guarantee, such as total order broadcast is tested.

[Ledger] All State modules and transition modules are implementing. The ordering service API is specified fully. Component of delivering ordered transactions as blocks is being implemented now.

[Build Tool] Build tool and command line interface is implementing and testing now.

Global Growth

Korea

The IOS Foundation believes Korean is extremely important for widespread adoption as it is truly a nation filled with blockchain enthusiasts. On his second trip to Korea, CEO Jimmy Zhong had the opportunity to speak with several established businesses interested in using blockchain as well as some of the larger Korean cryptocurrency communities. He was also interviewed by Asia Economy TV - the recording was for a television program that will be released to Youtube on March 30th and broadcast on Korean television on April. 1st. Asia Economy TV are the largest channel in terms of viewer rating among 8 economy television channels in Korea.

Jimmy was also interviewed by Lucas / Blockchain Forum, a major opinion leader in the Korean crypto community. They have strong presence across major SNS platform; Youtube, Kakao, Naver.

Jimmy being interviewed by Lucas / Blockchain Forum

Jimmy also had the chance to meet with Professor Hyoung Joong Kim, an influential figure in the Korean blockchain industry who works for the Department of Cyber Defense at Korea University. He is a renowned scholar and has invited IOST to a series of upcoming events in Korea.

United States

The Internet of Services Foundations has continued recruiting in San Francisco and has also been interviewing several PR/Media Firms in order to more effectively communicate with our western audience.

We have also been in contact with several major investment banks and larger tech companies throughout the United States. Our co-founder Ray Xiao recently met with Nate Blecharczyk, co-founder of AirBnB and spoke about introducing blockchain technologies to the sharing economy.

The team also met with a representative from the NYC Economic Development Council this week and spoke about possible collaboration opportunities.