RealChain Project Progress Update

2018/02/05–2018/02/11

Hi Community Members:

It’s time for our weekly report. Here are the status updates.

Themis Module

The Themis module is the first RealChain project that uses the “Smart Contract” functionality. This application records the original information of commodity goods and marks the creator institutions.

[This Week]

• Completed the testing on the RCT transfer interface.
• Tested asynchronous call the main network contract, 300/368.
• Tested the online data to chain process, optimized the appraisal data storage architecture, 80% completed.
• Completed testing the smart contract airdrop

[Next Week]

• Continue testing the asynchronous call the main network contract.
• Complete the appraisal data storage architecture.

Forseti Module

TaoDangPu currently has records over 300 thousand commodity goods. For historic reasons, this data was recorded with multiple metadata schemas and saved as different media types. It would cost prohibitive to manually input into the data into system. The Forseti module will solve this issue by connecting the legacy system to the Blockchain Infrastructure..

[This Week]

• Modified k-means clustering algorithms, built databases with real data, completed 95% testings.
• Optimizing the data storage, 70% completed.

[Next Week]

• Continue optimizing the data storage.

Minerva module:

Only the metadata and SHA256 information from commodity information was saved on the blockchian of RealChain. In traditional IT system, real media data (regardless of being encrypted or not) is temporarily saved on media library system.

[This Week]

• Built the asynchronous writing of the data state into the log file, 80% completed.
• Tested on the segmentation plan for the large-size files and evaluating the built-back results.

[Next Week]

• Continue working on the async log module and try to complete by next week.

Marketing Collaboration:

• RealChain foundation will repurchase over 50,000,000 RCT.
• The team present the RealChain hardware R&D center for the first time.
• Mr. Wang Yi, CEO of the TaoDangPu which is the first strategic partner in China of RealChain, was invited to the North America Block Chain Connect, actively searching for partners in the world.
• Two lucky members were selected after a rigorous review, for trip to South Korea 2018 TOKENSKY Block Chain Conference.

Note: Due to the patent and intellectual property protection requirements for the development of the smart hardware and AI system, this part of the research and development is closed source. Therefore, the content will not be updated until there is a breakthrough in the future.