After The Big Event: What’s Next For IOST in 2020?
The 17th China’s Enterprise Development & Blockchain Forum was held in the Great Hall Of The People on Dec 21. As the sole blockchain project invited, IOST’s CTO Terry delivered a speech on how to practically integrate blockchain and the real economy.
IOST Spoke On Stage Prior To China’s Internet Giant Tencent
After addresses given by Cui Zhiru, the Secretary General of the Blockchain branch of China Software Association and Xing Chunxiao, Deputy Dean of Internet Research Organization of Qinghua University, IOST co-founder Terry delivered his speech as the first special guest, followed by Cai, the representative from Tencent virtual bank.
Terry commented that with China being the largest electronic commerce and mobile payment market, it has one of the most robust digitized investment systems and startup environments globally. It has over time, become a major leading force of global digitization. Blockchain technology is of great importance driving economic development, by reducing difficulties in SMEs’ fundraising, banking risk controls, and regulations.
IOST’s Achievements In Traditional Sectors Using Blockchain Solutions
Terry pointed out that as a disruptive technology, blockchain’s application will not be limited to one field. We are seeing a more regulated and stronger blockchain industry that is pioneering experiments in financial services such as cross-border payments and settlements, as well as adoption in medical report system, digital copyrights, asset registry, supply chain management, public credit system etc.
IOST is devoted in providing optimal services for businesses and individual clients. Since late 2018, IOST has started implementing blockchain solutions for enterprises. In September 2018, IOST stored charity data on the blockchain in the partnership with Mantra. In April 2019, together with EHang, IOST created a secure flight data management platform using the blockchain. In November 2019, IOST supported a electricity trading project with Japanese local government.
These are just some of the selected collaborations delivered by IOST. Thanks to its advanced technology and real-world blockchain application focus, IOST has successfully attracted significant attention from leading businesses and governments.
Embracing Compliance, IOST’s Transformation In 2020
Participation in this Forum demonstrated the long-awaited recognition and support for IOST, providing it with greater possibilities in technology adoption.
To better answer the government’s call for innovation and accelerate technology advancement, IOST will establish Aiou Technology with its core team, who all have exceptional backgrounds hailing from Silicon Valley and global investment banks, revealed by Terry in the interview following the speech.
Aiou Technology will focus on consortium chain technology to provide professional blockchain solutions for the government and businesses. Aiou Technology aims to launch more credible blockchain products and platforms, thereby creating a globally leading blockchain enterprise.
Following Terry’s speech, China’s Enterprise Association decided to visit the southwestern, middle and northern China together with IOST and Aiou Technology to explore more opportunities in blockchain adoption for business and governing sectors and deliver greater benefits to all with this new technology.
IOST + Aiou Technology: A Business Model Of Public Chain+Consortium Chain
When asked if the hybrid business model of public chain plus consortium chain will place pressure on IOST, Terry answered that despite that the blockchain industry being relatively young and has seen failures due to the desire of quick success, IOST has always been patient and focused on growing the right way. The successful establishment of Aiou Technology will benefit IOST in more ways than ever. Both IOST and Aiou will expand its team to make continuous development and breakthrough. We welcome all potential partners keen to participate in groundbreaking blockchain research, development and implementation to join us today.
A blockchain revolution is coming to China and the rest of the world. It is the best of times, and also the worst of times. 2020 will be a year full of exciting opportunities and new challenges, IOST will continue with its focus on shipping practical blockchain technology that delivers real benefits and value to our users around the world!
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