Product & Technology Upgrade
1. BOS (Blockchain Online Shop) project: The initial version development is completed. In addition to the general functions, the docking of third-party channels is almost completed, which can realize the massive grabbing and warehousing of goods, order cashback, and point data synchronization.
2. Wallet optimization: DALICHAIN wallet has been restructured based on Google’s new front-end technologies to make it smoother to use and make assets safer. The official update is expected to be launched at the end of July.
3. Multi-Token function: Multi-token function is being developed, to enable users to use tokens on DALICHAIN with low fees and secured access to external assets. Currently, node deployment and basic RPC operation tests have been completed.
Market & Operation Update
1. DALICHAIN communicates with a Korean digital currency lending service provider remotely while providing solutions for its wallet custom service. The goal is to provide a wallet APP and corresponding stable coin design to solve the pain point that customers cannot effectively manage assets at present.
2. Cryptocurrency is legalized in Canada and Bitcoin has been officially regulated. On June 1, the amendments made to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act were made effective. As of June 1st, 2020, digital currency exchanges and payment processors are now recognized as money service businesses by the Canadian government.
《Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2019: SOR/2019–240》
3. There are two standards released and implemented in Zhejiang Province “Standard for E-commerce Commodity Trading Information Record on Blockchain-based Platform” and “Standard for Electronic Contract on Blockchain-based Platform”, help to enhance e-commerce trust based on blockchain technology. The former applies blockchain technology to introduce the supervision of judicial institutions, to realize the credible commodity transaction information record and effectively prevent tampering. The latter also applies blockchain technology in the traditional electronic contract platform, to develop and design an irreversible and traceable blockchain-based electronic contract platform.
