Jingtum Technology Presented at the Chongqing Smart China Expo 2019
The four-day Chongqing Smart China Expo that took place between August 26–29, 2019 at the Chongqing International Expo Center was well-attended by renowned scientists and industry leaders from all over the world. Invited guests included Nobel Prize winner in Physics, Costia Novoselov; “Father of Modern Cryptography” and Turing Award winner Whitfield Defi; as well as the Senior Vice President of Intel Global; Executive Chairman of Alibaba; and Chairmans of Baidu and Xiaomi just to name a few.
The rapid development of blockchain technology has spurred innovation of global technology and its applications, fostering new forms of enterprise and innovative business models while enriching and accelerating the development of the digital economy. The exhibition attracted 843 exhibitors (306 exhibitors more than the previous Expo) from the high-tech industries from 28 countries and regions, including Google, Intel, Qualcomm, Huawei, Lenovo, Alibaba, Tencent, Xiaomi as well as other Fortune 500 companies and China’s top 500 companies. Jingtum Technology, a sister company of MOAC, was also invited to present at the exhibition.
With focus on big data intelligence, China International Intelligent Industry Expo set up a comprehensive exhibition hall comprising the intelligent technology and product exhibition section, intelligent manufacturing exhibition section, intelligent application exhibition section, intelligent interactive living experience section, and regional innovation exhibition section. The exhibition aimed to further explore the unlimited possibilities of blockchain technology in commercial, political, and civilian applications, fully demonstrating cutting-edge technologies and products with artificial intelligence as the core.
Jingtum Technology was one of the few invited high-tech blockchain technology companies that made presentations at the exhibition, demonstrating its unique, proprietary state-of-the-art multi-layered blockchain architecture that allows for MicroChains (sharding) and Cross-chain transactions, resulting in a 100x increase in transactions per second (TPS) over Ethereum. As an industry leading developer in blockchain technology and its ecological system of applications, Jingtong Technology has also multi-level, all-round, one-stop service capabilities such as private chain, cloud chain and alliance chain. Based on its self-developed RBFT consensus algorithm, the blockchain platform supports high-speed transaction volume with block generation time of 10 seconds, fully supporting large-scale, decentralized and secure commercial applications, providing solutions to complex business scenarios and requirements.
The Smart China Expo 2019 succeeded in heightening the sense of experience by making frontier technology closer to home, enabling everyone to experience changes to life brought about by smart technology. And blockchain technology has become a revolutionary and strategic technology that facilitates deeper integration of the digital and real economies.
