CarLive Chain Weekly Update (Aug.23 -Aug. 29)

Progress in Technology
1 AYocar Mine Phase Ⅳ officially launched
The Ayocar mine (phase IV) was officially released on 16:00pm, 23 Aug. We streamlined the mission sheet and added new missions. Enter the mission sheet and tap “complete my profile” and add your car under “me” to gain 20 points of computing power. Complete your preference in your profile to gain 5 points for each preference and 25 points at the most.
2 CarLive Chain’s mining ecosystem available soon
CarLive Chain announced lately that it will open its mining ecosystem to car users around the world soon. 3 billion IOV tokens have been created through smart contracts. The blockchain encryption technology will help users manage their digital assets and return the ownership of data to users. Our technical team is doing the final test to make final improvements.
Progress in Marketing and Business Cooperation
1 CarLive Chain and BCTime officially reached agreement on cooperation
CarLive Chain and BCTime have officially reached agreement on cooperation to build CarLive Chain’s ecosystem and to better spread blockchain related news.
2 Cooperation between YUTU and BYD achieved milestones
After several days of hard work including data analysis and technological development, YUTU and BYD have achieved significant results in blockchain application, community data and IOV ecosystem related areas. Representatives from YUTU and CarLive Chain visited BYD’s headquater in Shenzhen and test the products with BYD’s technical team. The standard version of BYD car miner consensus algorithm will be released early September. This will the world’s first blockchain consensus algorithm based on data directly provided by cars.
Drivers can activate the preinstalled AYocar App through the central control panel without any external devices and start mining by contributing driving data.
3 Conference call held by directors at AUH to evaluate the safety of online car-hailing
Directors at AUH foundation held a conference call on 26 August to evaluate the safety of online car-hailing. Based on CarLive Chain’s experience in the connected car industry in Europe and America and its mature blockchain chip technology, AUH has decided to bring the agenda forward to work with third parties to develop data nodes, as well as open token pool and release OBD smart devices.
4 CarLive Chain’s strategic partner Ansel Qi will attend BYD’s developer conference
Ansel Qi will be present at the Worldwide Developer Conference organized by BYD on 5 September. He will share and discuss with many leaders and talents about the development of connected cars and the application of blockchain technology.


