Hello, I am Yin Xiangyu, or you could call me Freddy, head of INT Chain China. Before today’s topics, let me introduce myself first.
Since 2003, I started my career as an IoT developer, and I participate in several IoT projects. Then, I started my own business, such as an e-commerce website, online traveling, big data websites, IoT printer controlled by WeChat. In 2013, I first met bitcoin and blockchain, when Ethereum came out in 2015 I thought blockchain could solve many problems in IoT. So we started the INT project with our team members from such as Huawei, CAS, Tencent, and Microsoft.
1, Technology
In today’s topics, I will talk about three pillars of INT Chain, technology, application ecosystem, and community.
In January 2019, even it was a cold winter, Bitcoin fell to $3000, We still launched the INT Chain mainnet, because we know we have so many objects to achieve.
Up to now, our mainnet has been running for nearly half a year, in the meantime we made much remarkable development. This August INT chain New testnet will be launched.
It has many exciting features.
First, let me introduce its high-performance feature. We optimize the P2P, network protocol, and New INT Chain 4.0 uses IPBFT consensus, it will increase the confirmation speed to 1 second. That is 10 times faster than now.
Second, a new smart contract will be released, it will fully compatible with EVM and WASM, it supports most developing languages. More friendly for developing INT DApp.
I want to emphasize the most important principle when we design smart contracts– Security First. To avoid security problems, we have made the innovative design and made some standard design, just like the design principle of Wave language published by Facebook.
Third, We have also got a lot of progress in sub-chain, cross-chain and privacy protection.
Except these features, for a more secure and decentralized system. We will make some adjustments in the number of nodes, the entry requirement, and reward rules. We will keep improving in the future. Please pay more attention to our official media.
I want to introduce the Titan Plan. While doing our developing work, we are also promoting the research of blockchain basic theory and exploring the future business model.
20 years ago，no one knew the internet would change our lives so much. In China, we now don’t need to take a wallet, just one smartphone is enough. Also, we don’t know after 10 years, how IoT, 5G, AI, and blockchain will change our lives. So we launched the Titan plan. Up to now, we have received more than 20 research works, we hope more and more teachers/students and engineers will join the plan.
2, Application ecosystem
INT has always taken the engineering principle to develop INT, and then I will introduce our work in industry application, INT wallet ecosystem and terminal products.
As you know, INT has provided blockchain solutions for many government and corporation. Just recently, we signed a traceability project for chicken farming. Meanwhile, more projects are in business negotiation, including explosives traceability Systems, camera work-proof systems in more prisons.
China has officially launched 5G, and the global 5G development will be faster and faster. We and our partners, such as China Telecom, Huawei, and ZTE, will together get more projects in industrial manufacturing 4.0, smart city, smart prison, etc. Of course, these projects are not easily implemented, but they will provide a lot of help for the development of INT.
For the product for consumers, we continue to update our blockchain-router, we wish it will become the control center of IoT devices at home. We will launch the vehicles OBD device in two months. We are also working with partners to consider releasing a healthy product for consumers.
The INT wallet will be officially released soon. Its name is Smart Wallet. For the first time, its name and logo are chosen by community members. Smart Wallet is not only a wallet but an important entrance of the INT eco-system.
Smart wallet version 1.0 will have some basic functions, such as transaction, staking, voting, unstaking, and transaction record. We will continue to optimize the wallet system. In the future, with INT developers, we will develop applications, staking economy, charity, etc. in IoT.
Before the launch of Smart Wallet, we did a lot of security testing, and with our security partner, Slow Mist, we launched a bug bounty plan. The process of wallet signing only been executed localhost, it can protect users from private key leakage.
There are so many breakthroughs in 5G, edge computing, AI, and big data technologies in recent years, It will boost IoT blockchain and the machine economy will become a reality.
To promote the development of the IoT blockchain, we will invest more than 1 million dollars and extra token to promote INT’s applications, this is a long-term process and we look forward to more partners.
3, Community
The last pillar, I’d like to talk about our community. Without the support of the community, we will not have today’s result. Currently, INT has more than one hundred thousand users and nearly 40,000 overseas users from France, Germany, South Korea, Thailand, Singapore, Australia, and other countries. I have seen INT videos produced by community members. Thanks for your great work!
I want to talk about our community partner plan, INT looks forward to a more international community, we promote the development of INT together just like a team.
This plan has gotten a good result, In addition to 12 new Chinese communities, we have five new community partners in French, German, Spanish and Dutch. Our French community partners have released the French version of the INT video, we wish there are more partners of different languages to join us.
We know that our capability is limited. As more and more community members participate in INT development, ultimately we hope that INT can be led by our community, this year we will take out 150 million INT held by INT Foundation, and hand it over to a special management committee, we are drafting the committee’s proposal collection document.
Let me report the recent INT business development, we have established cooperation with some good IoT corporations and blockchain projects, also We have passed the review of one large exchanges, at right time, we will be listed.
Time flies very fast, it has been more than an hour, I am so happy can share INT with you,
Chinese Saying: Taking a step every day will reach a thousand miles away.
Thank you all, looking forward to the next meeting.
— INT Chain Foundation
