YottaChain Project Progress Bi-Weekly Report [2019.12.30–2020.1.11]

Technology development progress

Since YottaChain mainnet was fully launched, technical team cooperated with storage users, storage pools, and storage resource providers on service integration and gradually shifted from resorting to crashing to standardized normal management. Recent developments in technology are as follows:

Commercial application and ecological construction

1. On January 8, 2020, Alex Wang, the founder of YottaChain, and Mr. Han Daguang, the president of YottaChain, made a work report to Lu Shan, the director of the China Electronics and Information Industry Development Research Institute of the Ministry of Industry and Information Technology, and chairman of the China Software Industry Association. Director Lu spoke highly of innovation achievements in China’s storage core technology, indicating that China will offer reasonable development space to blockchain projects that are in line with social interests.

Market activities progress

1. On January 2, 2020, Alex Wang , the founder of YottaChain, was invited to share topic of “blockchain storage development and landing” in program “Blockchain 100 points”. This event was jointly organized by the Zhongguancun Big Data Industry Alliance and BITCLUB. Bullock, Angel City State, District 31, Data View and other organizations provided community and communication support, covering 30+ angel investor communities with more than 10,000 investors and 20+ communities covering more than 20,000 people from blockchain industry. Alex Wang said storage is a real economy that exists in digital format, which is a very important feature. It determines that storage is the most suitable real economy to be transformed with a blockchain.