IOST Weekly Update — March 1st-March 11th

IOS Foundation
Mar 12, 2018 · 4 min read

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.

Stanford

On March 1st, Jimmy Zhong (co-founder of IOST) and Richard Werbe (head of global growth) attended the CPC Cryptocurrency and Exchange Conference at Stanford University, hosted by the Silicon Valley venture capital group Cardinal Pitch Club. The investor group was founded by Stanford University graduates and focuses on funding potential technology projects and companies around the world.

Richard Werbe speaking about IOST’s innovative approach to scalability

The event included 2015 Turing Award winner (the highest honor in the field of Computers) and famous cryptographer Whitfield Diffie, LinkedIn co-founder Eric Ly, Wikipedia co-founder Larry Sanger and Binance co-founder He Yi, among many other leaders in the technology and blockchain industries.

Whitfield Diffie (Cryptography Legend), He Yi (Binance Co-founder), Richard Werbe (head of global growth)

Richard was invited to deliver a speech at the conference and spoke about the highly scalable solution required in order for blockchain technology to be adopted en masse, as well as the long-term vision IOST has to bring about this change. After the meeting, Richard discussed the future development trends for blockchain technology with Whitfield Diffie and Yi He. In the future, the IOS Foundation plans to have more in-depth exchanges and cooperation with academic leaders and experts in other industries.

Tech Talk

In his second tech talk, CTO Terrence Wang explained the importance of blockchain scalability as well as the history of attempts to address scalability. He also got more in depth about how to use “Layer 1” solutions to address scalability. We encourage you to check out his video here.

Developer Update

1. [Transactions] The deployment and execution of transactions on the underlying chain are still being tested. Endorsing Peers’ signature verification and Payload resolution have begun to be implemented.

2. [Nodes] Transaction sending service module is still testing and fixing bugs. The team is investigating and designing data dissemination mechanisms to ensure data consistency and integrity.

3. [Ledger] All status modules and status transition modules continue to be developed. Ordering services (to ensure the complete sequence of block hash chains) have been designed.

4. The [Build Tool] Build tool and Command line interface have been developed, and the Code generator tool will be included.

SXSW

Input Strategic Partners held a cryptocurrency event at SXSW and Josh Bass, Head of US Public Relations, spoke about the benefits of decentralization and the Internet of Services dual approach to drive mainstream adoption of blockchain — through the creation of an infrastructure capable of handling incredible throughput, as well as the creation of an education pipeline so that there will be a developer base ready to innovate on top of that infrastructure.

Josh Bass, Head of US Public Relations, speaking at SXSW

Korea

IOST’s South Korean team has received invitations from a number of media companies hoping to learn more about IOST’s technology and outreach model. We are excited that our global strategy is beginning to connect us with more blockchain evangelists around the world and we are committed to growing a community ecosystem to rival the biggest names in blockchain.

Community progress

This week, the IOS Slogan Contest drew to a successful conclusion. We received more than 2,000 submissions within two weeks and we are extremely grateful for everyone’s enthusiastic participation! We will be announcing the winners this week on our twitter. To participate in future community initiatives, please follow our official twitter.

Lastly, we are excited to announce that there are now 32,184 unique holders of IOST, an increase of 7% from February.

IOS Foundation

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Decentralized Internet of Services

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