Month: November 2018

On November 23-25, 2018, the 2018 China Blockchain Technology Conference (CBC2018) was held in Hangzhou Future Sci-Tech City. The technical conference was hosted by China Computer Federation, China Computer Federation Blockchain Professional Committee, Zhejiang Hangzhou Future Sci-tech City (Hai Chuangyuan) Management Committee, Zhejiang University Blockchain Research Center, Hangzhou Hyperchain Technology Co., Ltd., the Data Science and Technology Research Institute of Zhongke GuoDing co-hosted. Ma Xiaojun, deputy director of the Office of the Network Security and Informatization Committee of the Zhejiang Provincial Committee, Zhang Kun, Director of the National Information Center, Zhu Zhenwei, member of the Standing Committee of the Yuhang District Committee, and deputy head of the district, attended the meeting and delivered a speech.

2018 China Blockchain Technology Conference (CBC2018) is guided by the development of blockchain industry and technological innovation. It has the main forum of the conference and the other six technical forums with the academic paper group reports of “blockchain application”, “blockchain and cryptography”, “blockchain technology development”, “smart city”, “blockchain architecture and consensus mechanism”, “blockchain and cloud intelligence”, “blockchain security and privacy protection”. The conference brought together government leaders, academicians, research institutes, key enterprises, industry associations and other parties to attract in-depth reports from well-known media from all over the country. The conference fully explained the national strategic layout and related policies and explored the technology and industry development trend and the frontier of the blockchain, sharing blockchain technology innovation and application, providing a practical platform for the extensive communication of China’s blockchain technology development and industrial growth.

As the most authoritative blockchain technology conference in China, the 2018 China Blockchain Technology Conference will be based on blockchain technology exploration, attracting top-level blockchain experts from universities, industry, financial institutions and governments and to get widely concerned from many Industry organizations, research institutions, universities, high-tech enterprises etc. The conference conducted in-depth exchanges on new theories, new technologies and new achievements in the field of blockchain through guest reports, special lectures, technical reports, on-site exhibitions, paper reports, etc., and jointly discussed key technologies and innovative applications of blockchains, standard specifications, personnel training, etc., and promote the development and application of blockchain technology.

The paper “A Scalable Blockchain Architecture Model” was co-written by Ultiledger Founder Randolf Liang, core development Yole Yu, Alex Zhao and Daofu Information Technology Li Zhuo has emerged from many paper submissions and was accepted by the 2018 China Blockchain Conference after fierce competition, and Ultiledger was invited to attend the conference, it was the second technical conference invitation of the authoritative blockchain conference after the world’s premier data research conference on mining IEEE.

On November 25th, Ultiledger Yole Yu made a report in the Oral session of the conference, analyzed the advantages of the blockchain and the existing pain points, and then proposed a multi-chain sharding architecture based on the status quo, and shared how to expand the multi-chain sharding, how the main chain witnesses sub-chain transactions, and how the sub-chains conduct cross-chain transactions through the value exchange layer. A new way to the new blockchain system will be provided and to achieve high scalability and flexibility of the system through the architecture.

About Ultiledger

Ultilegder, the Next Generation Global Self-financing Blockchain Protocol, an open source protocol initiated by a number of IT technology geeks, gets a high-level consensus and co-governance from the communities. Ultiledger aims to build an economic and financial ecosystem based on token ULT to help any organization (contains government, business, industry clusters or individuals and communities) that needs to build trust at a low cost and rapid construction of a distributed financial book and account system of bank-grade security; zero-cost transaction settlement within the ecosystem; improved security, privacy, efficiency and capital availability of the system through the combination of the main chain and sub-chains. In the Ultiledger ecosystem, any tangible assets, data or intangible rights can be written on blockchain to become a string of code to achieve assets and data tokenization, and to use smart contracts and distributed storage for completing functions such as confirmation, notarization, trading, circulation, etc., and finally achieving “credit circulation, asset circulation, value circulation” in the algorithm world.

At present, the Ultiledger ecosystem has been applied in the field of supply chain finance, and it has been innovated in the wave of blockchain. The Ultiledger sub-chain has successfully applied in many domestic listed companies, including the Daoen Group (002838), the ST&SAT (002291), and the 365 Group.

On November 20th, the 2018 IEEE International Conference on Data Mining came to a close at the Resorts World Sentosa Convention Center in Singapore. Top scholars from the global field of artificial intelligence and blockchain gathered to express the latest technology and results on data mining and artificial intelligence.

The full name of IEEE ICDM is IEEE International Conference on Data Mining, which has become the world’s premier data mining research conference, providing an international forum to showcase original research results, as well as exchange and disseminate innovative, practical development experiences. The conference covered everything in data mining, including algorithms, software and systems, and applications. ICDM has attracted a large number of researchers and application developers in data mining related fields such as statistics, machine learning, pattern recognition, database and data warehousing, data visualization, knowledge-based systems and high performance computing. The date mining has continuously come to a high level by promoting innovative, high-quality research and innovative solutions to challenging data mining problems. In addition to technical procedures, the conference also includes seminars, tutorials, and group discussions.

In the IEEE ICDM 2018 paper collection process, Ultiledger’s paper “A Scalable and Extensible Blockchain Architecture” stood out from thousands of papers worldwide and was selected. The main author of the paper, Ultiledger, Yole Yu was invited to attend the conference and gave a presentation in artificial intelligence + the blockchain.

Picture of the world’s scholars in artificial intelligence and blockchain, the second to the left of the front row is Yole Yu

At the meeting, Yole Yu analyzed the advantages of the blockchain and the existing pain points, and then proposed a multi-chain fragmentation architecture based on the status quo, and how to expand the multi-chain fragmentation and how the main chain witnesses the sub-chain transaction, Cross-chain trading through the value exchange layer. This architecture ultimately provides a new way for the new blockchain system to achieve high scalability and flexibility.

Yole Yu gave a speech at IEEE ICDM 2018

About Ultiledger

Ultilegder, the Next Generation Global Self-financing Blockchain Protocol, an open source protocol initiated by a number of IT technology geeks, gets a high-level consensus and co-governance from the communities. Ultiledger aims to build an economic and financial ecosystem based on token ULT to help any organization (contains government, business, industry clusters or individuals and communities) that needs to build trust at a low cost and rapid construction of a distributed financial book and account system of bank-grade security; zero-cost transaction settlement within the ecosystem; improved security, privacy, efficiency and capital availability of the system through the combination of the main chain and sub-chains. In the Ultiledger ecosystem, any tangible assets, data or intangible rights can be written on blockchain to become a string of code to achieve assets and data tokenization, and to use smart contracts and distributed storage for completing functions such as confirmation, notarization, trading, circulation, etc., and finally achieving “credit circulation, asset circulation, value circulation” in the algorithm world.

The high-end International Conference on Data Mining IEEE ICDM 2018 was held in Singapore on November 17th. The conference brought together researchers and application developers in the world’s top data mining related fields to exchange innovative and high-quality research results, as well as Innovative solutions to challenging data mining problems.

Ultiledger core developer Yole Yu was invited to make the presentation and share Ultiledger’s research results “A Scalable and Extensible Blockchain Architecture” in the blockchain field.

The IEEE IDCM, International Conference on Data Mining, founded in 2000, and the year of 2018 is the 18th session. It is considered to be one of the important international conferences in the field of data mining research because of the high standards required for the selection of papers, especially the high requirements for innovation.

Following the application of supply chain finance, another important ecological scene of Ultiledger – “Dengba Planet”, the world’s largest decentralized backpacker community, will be launched in December 2018.
It is reported that after 11 years of operation, Dengba has developed more than 1 million online communities, and there are nearly 100 hostels distributed around the world. Dengba will be perfectly transformed through the cooperation with Ultiledger. With the strong commercial performance of the Ultiledger public chain protocol, the problem of trust crisis, lack of liquidity, imperfect incentive mechanism, centralized and not transparent in the original model will be solved. To assist the original Dengba business, build a new business model, and build the world’s largest decentralized backpacker community.

Zihan Zhou, the head of OK Capital Investment Research, and Shuchuan Xu, the head of 10000 Link Investment Research, visited Ultiledger to investigate the application of blockchain in supply chain finance on November 8, 2018. Hosted by Ultiledger Co-Founder and COO Tommy Xu who gave a comprehensive introduction to the self-financing ecology of Ultiledger. The two sides had deep communication on the financial ecology of the supply chain application, and discussed the recent hotspot, Security Token offering.