YottaChain Project Progress Bi-weekly News【9.2–9.14】
Preface: As the only storage chain which can ensure data reliability and security, YottaChain has attracted much attention since the project was launched. In order to let followers know more about the progress and latest developments of YottaChain project, YottaChain publishes biweekly reports of the project every two weeks, please pay attention!
Technology Development Progress
1. SLA has been improved across the board, bringing greater system stability;
2. Adopted micro-service for SN to improve the system availability and DevOps capability, and enhance SN resources utilization;
3. The stability of mining machine has been improved, with volatility reduced from about 30% to less than 1%;
4. Global queue has been added to schedule concurrent tasks, so that alleviate stress of mining machine and improve client uploading success rate;
5. High availability scheme was available to enhance the stability of SN;
6, HDD query and selling methods were put in place, and users can query and sell HDD through Wallet.YottaChain.io;
7. Another 1800 sets of mining machines in the 2nd round has been connected, with access to 3P.
Commercial Application and Eco System Construction
1. On September 4th , Mr. Zhao Weimin, vice president of YottaChain, and Mr. Jiang Qilin, chairman of the education committee of YottaChain, together with our partners in Tianjin visited Tianjin FuShiDa Group and made in-depth exchanges with CTO of the company. The two sides reached an agreement on cooperation in the meeting and are ready to sign a formal cooperation agreement in the near future.
2. On September 9th , Mr. Zhao Weimin, vice president of YottaChain, visited Synology, the world’s largest NAS product provider. They had a thorough thorough discussion on cooperation areas and reached cooperation intention.
3. On September 3rd , Zhiwang Technology, headed by Mr. Sun Wenming, chairman of YottaChain commercial application committee signed a strategic cooperation agreement with Photonic Rayleigh Technology (Beijing) to jointly promote YTA (YottaChain) commercial application implementation and market expansion.
4. On September 10th, Zhiwang Technology and Beijing Jinpin High-end Technology signed a strategic cooperation agreement to jointly promote YTA (YottaChain) commercial application and market expansion.
5. Mr. Sun Wenming, chairman of YottaChain commercial application committee, paid a visit to Boyun Data Center based in Zibo city, Shandong Province for extensive cooperation and exchange. They discussed how to apply YTA (YottaChain) blockchain storage in Boyun data center. Considering local actual conditions, a final decision was made to implement it first in Smart Community.
6. YTA (YottaChain) officially established Yotta Ecology Fund
On September 4th , YTA (YottaChain) announced the establishment of Yotta Eco Fund with an endowment of 100 million RMB, which is committed to providing investment and incubation services for upstream and downstream of the blockchain industry. Yotta Eco Fund manages two funds, RMB and digital currency. RMB fund aims to set up multiple big data centers around the world. Digital currency fund will invest basic public chain, application protocols, applications and wallets in the ecosystem, and focus on blockchain storage, big data, cloud computing, mining pool existing in YTA landscape and other upstream and downstream industrial chain, with the purpose to help quality projects achieve sustainable development. So far, Yotta Eco Fund has invested PolarChain and GTA gene chain.
Remarkable Achievements in Market Compaigns
1. YTA (YottaChain) Education Committee plans to organize the first session training, and qualified members will receive an appraisal certificate issued by the Ministry of Industry and Information Technology.
YTA Education Committee will hold a three-day in-house training program from September 20th to 22nd , 2019. The training will mainly focus on architecture of the YTA blockchain storage technology, community ecosystem promotion, commercial application and operation mode, YTA development route map and other relevant expertise. Those who pass the examination can obtain appraisal certificate issued by the Ministry of Industry and Information Technology.
2. YTA (YottaChain) won the blockchain innovation value award
On September 8th , a financial technology blockchain summit themed “Drive the Future with Applications” , co-sponsored by BLOCK GLOBAL, Bull Market Finance and Engine Capital, was held in Hangzhou. In the summit, YTA won the blockchain innovation value award for its successful implementation of blockchain technology in the data storage and its storage public chain featuring professional capability and commercial feasibility. YTA boasts its position as benchmark for transforming real economy by blockchain technology ,and its founder, Alex Wang was invited to attend the summit and delivered a speech entitled “YottaChain takes initiative to implement blockchain storage application”.
3.Mr. Zhu Yuming, vice president of YTA (YottaChain), participated in the BCN sponsored live event “Big Name Talks”
Mr. Zhu Yuming, vice president of YTA, delivered a speech: “How to quickly construct blockchain storage globally”. In the live program, Mr. Zhu Yuming pointed out while pursuing technological perfection and professionalism, YTA is firmly uphold the governance principles of joint construction, win-win and mutual benefit, through which we are seeking a sustainable and sound development. Mr.Zhu disclosed YTA is planning to launch “YottaChain Ecological Community Dandelion Program” recently, during which all global major communities are welcome to participate.
4. Mr. Li Zhijiao, chairman of YTA (YottaChain) Ecological Community Committee and others were invited to attend the eco-system briefing sessions held by the Yotta community.
During this August and September, Mr. Li Zhijiao and Mr. Li Zhibiao and Chen Changbao, chairman and deputy secretaries-general of YTA (YottaChain) Ecological Community Committee, respectively paid visits to Guigang, Shijiazhuang, Taiyuan, Zhangye, Haikou, Guangzhou, Hangzhou, Chengdu, Xiamen, Enshi, Changsha, Zhuzhou, Luohe, Xingtai, Xi’an and other places to attend the eco-system briefings held by the Yotta community, during which they answered questions and conveyed important information about Yotta project progress.
5.YTA (YottaChain) Eco-System Tour in China kicks off in September
On September 7, Mr.Li Zhijiao, chairman of YTA Ecological Community Committee led a delegation to visit Enshi Grand Canyon Community in Hubei Province and delivered a keynote speech entitled “Super Storage in the 5G Era.” Boasts its nearly 200 patents worldwide, YTA is the most applicable blockchain storage project in this era. In this 5G era when everything will be connected, we will see hundreds of times of mobile terminals than ever. Blockchain will offer more application scenarios for the 5G era, and YTA will gain momentum at the speed of 5G.
6. YTA (YottaChain) Eco-System Tour in China (Guangzhou Station) successfully concluded in September
On September 10th ,Mr.Li Zhijiao, chairman of the YTA Eco-Community Committee, visited Gangzhou Internet International Community, where he delivered the keynote speech of “Super Storage in the 5G Era” and explicated YTA’s encryption deduplication technology.
Recent Market Events
1. On September 22nd , Alex Wang, founder of YottaChain, was invited to participate the “GTA Gene Data Storage and Application Summit Forum”, during which he discussed how to promote GTA eco-system together with Mr. Henry Baileqi, chairman of GTA Foundation and Mr.George Smoot, GTA Foundation Artificial Intelligence Scientist (winner of Nobel Prize in Physics).
2. Aiming to further step up the eco-system construction, YTA (YottaChain) launched the “YottaChain Ecological Community Dandelion Project” on September 16th to attract more U fans and 1,500 ecological nodes globally (person in charge of ecological community). This Dandelion A program opened the first batch of 500 ecological node seats.
