YTA (YottaChain) Project Biweekly Report (Dec. 2nd — Dec. 14th)

The recent technology development progress:

1.Continue “de-LibP2P” to strengthen network communication stability;

2. Determine some operating parameters related to economic model;

3. After transferred upload and download of redundant code into LRC, data reconstruction also has been changed to LRC code. LRC encoding can greatly improve the efficiency of data self-repair. In most cases, data can be restored by reading only 8 data fragments, much more efficient than original 128 data fragments;

4. Adjust blockchain browser function by merging non-user-exclusive functions in original UserPortal;

5. Test data node reconciliation function and fix some bugs, which can solve the problem that data node stores redundant data due to serious network failure;

6. Develop quota allocation management system;

7. Fix other known bugs.

Commercial Application and Eco System Construction

1. From Nov. 29th to Dec. 1st, Mr. Wang Chengcheng, general manager of Tianjin partner / Huatai Technology, YottaChina’s joint venture-ChinaScience StarChain Big Data Research Institute, was invited to visit Ningbo Xiangshan Kangda Company and Fengqi B2B e-commerce platform to discuss cooperation with YottaChain, mainly involves storage business, education and training, blockchain reform, and IDC center construction.

2. On December 4th, Mr. Sun Wenming, Chairman of YottaChain Business Application Committee, had an in-depth talks with Mr. Shen Lei, Secretary of Suzhou Lake Development Zone, during which he learned about the relevant investment promotion policies, inspected the relevant parks and factories on the spot, and explored blockchain storage in Caohu Development Zone.

3. On Dec. 5th, YottaChain ChinaScience StarChain Big Data Research Institute and Tianjin Unicom Nankai Branch had a business negotiation, two parties reaching a cooperation intention.

4. On Dec. 5th, Mr. Sun Wenming, Chairman of YottaChain Commercial Application Committee, conducted business discussion and exchange with Mr.Wang Yonghui, General Manager of Suzhou HuaRui Wulian Technology, during which two parties reached a strategic cooperation intention in intelligent construction site and smart city.

5. On Dec. 6th, Mr. Chen Xixuan with YottaChain ChinaScience StarChain Big Data Research Institute’s Tianjin partner -Huatai Technology, had an in-depth discussion and communication with Tianjin Textile Group and China Overseas Building Tianjin Branch on the YottaChain data business cooperation. The two parties are scheduled to hold 2 meetings on Dec. 20th , 2019 to talk about YottaChain project details.

6. Recently, YottaChain ChinaScience StarChain Big Data Research Institute cooperated with various resources to launch interstellar enterprise cloud disk business, which drew on encryption security and easy management features of the original enterprise cloud disk developed by Shusheng Technology. The new cloud disk has been widely applied in public security, court, taxation, energy, transportation, education and large enterprises . Through integration with YottaChain blockchain storage, interstellar enterprise cloud disk offers a unique reliable, secure, low-cost enterprise-level cloud disk services.

7. From Dec. 7th to 8th, YottaChain conducted commercial engagement in Shenzhen with Westec, Hongtianshun Electronics, and Hikvision Shenzhen Office, and reached the cooperation intention of video surveillance cloud storage. Currently, YottaChain is seeking cooperation with various products.

8. On Dec. 8th, Mr. Sun Wenming, Chairman of YottaChain Business Application Committee, held talks with Vice Mayor Gao Yuebo of Rizhao City and understood relevant investment promotion policies, during which Rizhao City expressed welcomes to YotaChain for building an ecological base in Rizhao City and reached business cooperation intentions with YottaChain in terms of blockchain storage.

9. On Dec. 9th, Mr. Sun Wenming, Chairman of YottaChain Business Application Committee, and Professor Zhao Junsuo, Director of the State Key Laboratory of Software-Defined Satellites, Institute of Software, Chinese Academy of Sciences, inspected Rizhao Software-Defined Satellite Industry Base and reached cooperation on satellite big data construction.

10. On Dec. 10th, YottaChain communicated with listed company Shenzhen Meige Intelligent Internet of Things, and two parties reached a cooperation intention on storage of big data in Internet of Things.

11. On Dec. 12th, Mr. Sun Wenming, Chairman of YottaChain Business Application Committee, led a team to participate in annual conference of Zhongguancun Big Data Day event, which is organized by Zhongguancun Big Data Industry Alliance. Through communication with secretary-general Zhao Guodong regarding with eco system building of YottaChain blockchain storage application, they decided to construct digital economy infrastructure demonstration project and other relevant cooperation directions.

12. On Dec. 13th, Mr.Jiang Qilin, Chairman of Education Committee of YottaChain, and Mr. Zhao Weimin, Executive Dean of ChinaScience StarChain Big Data Research Institute, were invited to inspect and investigate in Yangquan City of Shanxi. YottaChain delegation was cordially received by leaders with Municipal Party Committee and People’s Congress of Yangquan. They also participated in the symposium with the principals of Yangquan Big Data Application Bureau, Yangquan Investment Promotion Bureau, Yangquan Economic and Technological Development Zone, Yangmei Group and other units, carrying out in-depth exchanges and discussions on big data and intelligent IoT base, Baidu cloud computing (Yangquan) center project phase II construction, etc.

13. On Dec. 15th, Mr. Sun Wenming, Chairman of YottaChain Commercial Application Committee, engaged with Vice President Liu Yinghua of the Renewable Energy Subcommittee of the China Council for the Promotion of Electricity, who learned more about YottaChain blockchain storage and stated that two parties can share information on electricity cooperation in the fields of data and big data.

14. Recently, in view of the outstanding contribution made by ChinaScience StarChain Big Data Research Institute to the whole industry, Zhongguancun Big Data Industry Alliance awarded ChinaScience StarChain Big Data Research Institute as a vice-chairman unit. In the future, two sides will continue to cooperate sincerely, deeply integrate digital economy and real economy, and jointly achieve a historic breakthrough in China’s big data infrastructure.

Remarkable Achievements in Market Campaigns

1. On Dec. 4th, Nova Blockchain Investment Institution Summit was officially held in Guangzhou. At the invitation of the Consensus Lab, blockchain storage leader YottaChain showed up this summit, during which its founder Alex Wang delivered a keynote speech on “Public Chain Ecological Development in New Era.” He pointed out decentralized storage is an inevitable trend in storage technology development. In the era of big data, it can meet people’s higher requirements for data storage capacity and data durability. YottaChain follows this trend and was born to solve the pain point faced by centralized storage in reliability.

2. On Dec. 5th, Industrial Internet Security Training organized by Big Data Bureau of Shaanxi Provincial Department of Industry and Information Technology was held in Yan’an. Mr. Guo Zhengqiang, deputy inspector of Shaanxi Provincial Department of Industry and Information Technology, Ms. Li Hongyan, deputy director of Yan’an Municipal Bureau of Industry and Information Technology, Mr. Gao Xiang, director of Information Industry Development Division of Shaanxi Provincial Ministry of Industry and Information Technology, Mr. Ke Haoren, deputy director of China Academy of Information and Communications Technology, Mr. Alex Wang, founder of YottaChain, Mr. Sun Jun, director of System Evaluation Department of Security Development Research Center’s Inspection and Evaluation Institute of National Industrial Information Security Development Research Center and other business and industry representatives attended the training session. YottaChain founder Alex Wang delivered a keynote speech on “Blockchain-Driven 5G WAN Storage” at the conference.

3. On Dec. 6th, ZBCCM invited Alex Wang, the founder of YottaChain, to be a guest in “Talk Show” and shared the theme of “China’s Top Ten Young Scientist Alex Wang Interprets Current Blockchain Situation”. Alex made a professional interpretation of current policies, current status of blockchain development, and industry rules.

4. On Dec. 9th, Blockchain Application Exchange Conference organized by Tianjin High-tech Enterprise Association was held at Tianjin Industry and Information Technology Bureau. Chairman of the YottaChain Ecological Community Committee, Mr.Li Zhijiao was invited to attend and delivered a keynote speech on “Super Storage Technology in the 5G Era.” He said with the arrival of 5G, data will grow explosively. YottaChain combines blockchain and storage to build a public chain can provide lower-cost, more secure, unlimited capacity storage services, providing a solid infrastructure and support to companies in 5G era.

5. On Dec. 12th, under the guidance of the Zhongguancun Science and Technology Park Management Committee, Blockchain and Digital Economy Summit Forum and 2019 Eighth Zhongguancun Big Data Day, which was co-hosted by Credit Professional Committee of the China Information Association,Blockchain Professional Committee of the China Communications Industry Association, Zhongguancun Big Data Industry Alliance and Zhongguancun Blockchain Industry Alliance, was held in Beijing. Blockchain storage leader YottaChain was invited to attend, and its founder Alex Wang delivered a keynote speech entitled “Blockchain Drives Historical Breakthrough in China’s Big Data Infrastructure”.

Upcoming Major Events

Since 2018 August, YottaChain has achieved extraordinary results in development course during 1 year, becoming the world’s first commercial public storage chain and achieving a historic breakthrough in core storage technology in China. YottaChain main network-accounting network, was launched on Nov. 18th, and storage network is planning to be officially launched on Dec. 24th, 2019. A grand ceremony celebrating YottaChain main network launching will be held in Beijing at that time, and industry leaders will be invited to witness this historic moment.