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On October 9, 2018, the Hong Kong Blockchain Industry Association invited Ultiledger Founder Randolf Liang and Co-Founder and COO Tommy Xu to attend the Hong Kong Medical and Healthcare Blockchain Summit, which was held at the Hong Kong Stock Exchange.

Ultiledger Randolf Liang, Tommy Xu and Hong Kong Blockchain Association President Rex Wong, Bitwork co-founder Colin Lee

In order to popularize the application of blockchain technology, Hong Kong is committed to developing the local technology industry into a new economic pillar. It is in line with the dominant position of the banking industry and the shipping industry. At present, the Hong Kong government and institutions have invested a lot of resources in the blockchain. The summit attracted a large number of local companies, Hong Kong medias and investors and institutions. Ultiledger as a self-financing public chain representative exchanged information on the blockchain technology and services with the participating institutions and companies. .

After the summit, Ulltiledger communicated with the organizer of the Hong Kong Blockchain Association and the participating unit BitWork to promote the blockchain self-financing empowerment to the Hong Kong SMEs.

SMEs are the most important part of Hong Kong’s economy. As of December 2017, there were about 300,000 SMEs in Hong Kong, accounting for more than 97% of the total number of commercial units in Hong Kong, and providing employment opportunities for more than 1.3 million people. It takes more than 60% of the total employment.

As a world-famous international financial center, Hong Kong is an ideal financing place for SMEs, including mature markets, sound rule of law, abundant funds, and low financing costs.

With the popularization of blockchain technology, it is believed that more and more people can understand that the essence of the blockchain is a decentralized, transparent and tamper-proof accounting system. Through a comprehensive consensus algorithm, it provides a solution of a booking system with bank-level security but at a very low cost. And the blockchain is also known as the “trust machine.”

Applying to the issue of “enterprise financing”, Ultiledger has built a blockchain ecological platform for the demand of high financing costs, low digitalization of business processes and lack of value-added means of assets.

Ultiledger public chain ecological platform adopted the main chain and sub-chain coordination structure. The main chain mainly plays the role of ecological internal consistency, which mainly plays the role of value anchoring and sub-chain value exchange. The distributed storage mechanism is used to build the data and value flow channels of the sub-chain and the main chain, and provide appropriate value and storage mechanism for different business needs, and achieve the sub-chain system with customized requirements. With the improvement of the ecology, the sub-chain provides customized requirements for various organizations, and through the coordination of the main chain, it can complete smooth value circulation and improve the efficiency of the public-chain platform.

On the Ultiledger sub-chain, each sub-chain can be customized according to the organization of each different attribute, and it is universally applicable to any bank, enterprise, government, hospital, enterprise, etc. with economic attributes. With the construction of sub-chains, each organization can complete its digital process, achieve the free flow of internal information, and greatly improve the efficiency of internal operations. Furthermore, with the digital operation of each organization, a set of transparent, blockchain technology credit endorsement enterprise data can provide open and transparent operations for SMEs, as well as provide financing reference to the   upstream and downstream enterprises, governments, banks and other institutions. In the operation process, enterprises involved in the construction of sub-chains can “tokenized” the internal assets and use effective blockchain value certificates to achieve internal economic circulation, such as employee salary settlement and upstream and downstream corporate customers, community user incentives, etc.

Each small and medium-sized enterprise participating in Ultiledger can not only achieve the “self-financing” operation after completing the “tokenization”, but also achieve the value exchange with the external organization through the anchored ULT value. In the Ultiledger ecosystem, asset transfers between sub-chains can be freely transferred through the main chain.

In the future, with deeper cooperation with the Hong Kong Blockchain Association and relevant local institutions, Ultiledger will empower the blockchain technology equally, and the changes will involve the subversion of traditional financial services, which will also bring down the cost and efficiency of enterprises. The substantial increase in the value of the economic value brought to society will also be limitless.

” Guests fill up the room, and the cups of liquor are never empty.”

The world-famous Chinese Liquor culture is not only in the Liquor itself, but also in the various “rituals” and “loves” in daily life that are born out of the Liquor, showing a splendid oriental traditional culture. To commemorate Ultiledger World Premiere on September 19th, Ultiledger and Guizhou Qianjiu Co., Ltd. launchs a limited edition Ultiledger World Premiere commemorative liquor “U919”.

Guizhou Qianjiu Co., Ltd. (abbreviation: “Qianjiu”) was founded in 1958. It is located in China Maotai Town, one of the world’s three major sources (Maotai Town/Luban Town/Wuma Town) of distilled spirits. “Qianjiu” is the “Top Ten Private Industrial Enterprises in Renhuai City, Guizhou Province” and “Top Ten Liquor Industrial Enterprises in Renhuai City, Guizhou Province”.

2018 is the year of Qianjiu’s 60th establishment anniversary, it unites the Ultiledger community launches the world premiere commemorative liquor “U919” with the founder of Ultiledger and the founder of RippleFox Randolf Liang’s autography.

60 years of persistence, only a good bottle of Liquor

The expectations of tens of thousands of people are only ignited for the flame

Limited 3000 bottles

Ultiledger was founded by a group of ambitious young people with the dream of “Technology changes the world, “Financial inclusive to the public”. The founder Randolf Liang is a technical geek who began to pay attention to the blockchain in 2012 and started coding blockchain in 2013. In 2014, Randolf Liang initiated the Ripplefox community, which attracts more than 20,000 blockchain developers and enthusiasts all over the world in four years. It is also the largest Ripple and Stellar gateway in China.

With the successful blockchain implementation and the support of the community members, Ultiledger founded. In the “U919” bottle design, the fire fox holds the torch highly with a running position, representing the expectation of RippleFox community to the ULT holy fire, igniting the holy fire, passing hope…

Why is Qianjiu and Ultiledger launching the Collection of Commemorative Liquor U919?

In recent years, most enterprises have faced many problems such as overcapacity, rising operating costs, increasingly fierce competition, and difficult financing. Enterprises urgently need more subdivided financial scenarios to meet the business needs.

As a long-lived enterprise for 60 years, Qianjiu has always insisted on innovation breakthroughs, actively adapting to the new normal, and experiencing the up and downs of the industry. Qianjiu have set an example that can be referenced to Guizhou and even the country. With the development of blockchain technology, Qianjiu realized the value of the blockchain. Previously, Qianjiu and Ultiledger reached a preliminary intention for ecological cooperation.

Ultiledger, the next-generation global self-financing blockchain protocol will help Qianjiu to achieve a zero-cost transaction settlement within the ecosystem with extremely low cost and rapid construction of a distributed financial ledger and account system with bank security levels. Relying on the strong credit of Qianjiu, the credit of upstream and downstream enterprises will be increased, and the credits of Qianjiu will be blessed to the small and medium-sized micro-suppliers, so that they can enjoy the preferential interest rate of the bank with the same credit and obtain the financial support.

In order to benefit the upstream and downstream suppliers and the entire liquor industry ecosystem, and to solve the financing difficulties and financing problems of small and micro enterprises and individual suppliers, the cooperation between Qianjiu and Ultiledger will be its exploration in supply chain finance.

At the 60th anniversary of the establishment of Qianjiu and the Ultiledger World Premiere, Ultiledger and Qianjiu launches a limited edition Ultiledger World Premiere commemorative liquor “U919”, which is of great practical significance for traditional enterprises, community ecological construction, and Token economic ecosystem construction.

Scan the QR Code for purchasing

The event was initiated by the Ultiledger community, and Qianjiu will invest a maximum percentage of U919 sales in the ecological development of the Ultiledger community.

Event Trailer | Ultiledger Meetup Guizhou Station and Moutai Culture Tour

Anyone who participates in the purchase of commemorative liquor will have the opportunity to participate in the Ultiledger Guizhou MetalUp (Ultiledger world premiere commemorative liquor U919 releasing event) held in Maotai Town, Guizhou Province in mid-to-late October.

1. Visit the Qianjiu Factory

2. Visit the Qianjiu Culture Center, the Red Army Long March Sidu Chishui Luban Field Battle Hall, Maocun Qianjiu Folk Museum

The Red Army Long March Sidu Chishui Luban Field Battle Hall

3. Experience the Maotai-flavored liquor tasting, you can have your customized taste according to the guidance of the bartender, there are seven rounds of the original pulp liquor of different tastes, which can be tune-up, and you have a chance to seal up your taste as a memorial.

4. Visit Maotai Liquor Factory and National Liquor Culture City, and enjoy the night view of Maotai Ancient Town.

Maotai Ancient Town Night Scene

5. Watch the large-scale water show in Maotai Ancient Town, and learn about the story of Maotai Town and Maotai Liquor…

About Ultiledger Guizhou station Meetup, welcome to add Ultiledger customer service WeChat consulting: Ultiledger_io

Ultiledger in CoinEX trading competition ended on September 26, 2018 at 11:00 (HKT), with participants sharing 1 million ULT.

Mid-Autumn Festival will be coming in a few days; see the surprise by clicking on the video.

Festive blessings sent by Ultiledger founder Randolf Liang and Ultiledger consultant Jinhai Luo from the Quantum School.

Everyone must be very familiar with our founder Randolf Liang. Today, we would like to introduce the consultant of Ultiledger project, Jinhai Luo, who is the founder of the Quantum School.

  Ultiledger consultant——Jinhai Luo

The Founder of Quantum School, the 2140 Encryption Community Sponsor, the Editor-in-Chief of Southern Metropolis Daily, the earliest blockchain entrepreneur in China, the founder of Coins Web, the founder of ColaPay, the founder of blockchain copyright project “Original Base”, and the first promoter of blockchain “multi-signature”. At the same time, Mr. Jin also has the identity of submarine engineer, science fiction writer, and reporter of the Southern Newspaper. He is the author of “Newton’s New Clothes”, “Everyone understands blockchain”, “Calculation” and “City War”. He is the prefacer of many science fiction works written by Cixin Liu, the author of “Three-body”. The Quantum School was founded at the end of 2016, focusing on the popularization of natural science and logical rationality. The current platform has more than 500,000 readers and is the top natural science community in China.

As an industry senior of the Shenzhen blockchain, Mr. Luo has blockchain experience in e-commerce, third-party payment, copyright, project investment, and token system design, and he is an important linker in the Shenzhen blockchain industry. Ultiledger is very honored to invite Mr. Luo to be a special consultant.

Not only did we get the Mid-Autumn Festival blessings from Randolf Liang and Jinhai Luo, but also have surprising gifts prepared by the Ultiledger team.

“Everyone understands the blockchain” is professionally polished by the Quantum School team of the Natural Science Education Platform. It is specially recommended by the coin association + blockchain community + technical circle. The preface was written by Yiping Huang, vice president of the National Development Research Institute of Peking University, and Jihan Wu, founder of Bitmain. It is called “a book that truly explains the theory and technology of blockchain”. This book has important reference value for blockchain beginners, blockchain entrepreneurs and investors.

Now you can get the autographed “Everyone understands the blockchain” by Mr. Luo through participating in the event and you can win over 10000ULT.

Activity time: September 21-24, 2018, 6pm

Way of participation:

1. Follow the Ultiledger WeChat public account, share the Ultiledger Mid-Autumn poster, and collect 19 or more likes by screenshots;
2. Add one of the Ultiledger customer services wechat account (ultiledger_io, yf199274, 313848838), send the screenshots to the customer service;
3. The customer services will invite you to enter the Ultiledger Mid-Autumn Festival group. The lucky draw will be opened to the group at the end of the event, and 10 lucky friends will get Mr. Luo’s autographed “Everyone understands the blockchain” and 50 people will get the 200ULT.

What are you waiting for? Let’s do it!

We wish a Happy Mid-Autumn Festival to all the friends in the Ultiledger community!

On September 18th, Ultiledger Co-Founder and COO Tommy Xu visited Anhui Refinancing Co., Ltd. The Chairman Qingqi Wang, and the deputy General Managers Chunlei Jiang, Yuan Wang and the Assistant General Manager Chen Qian gave a warm reception to the Ultiledger Team. The two sides had a deep communication on blockchain factoring and blockchain self-financing.

There is great consensus on the blockchain application in commercial factoring, and both sides believe that there is a large space for the blockchain application. The main object of commercial factoring is the accounts receivable, and behind each account receivable is a trading scenario. From this perspective, commercial factoring and blockchain technology are a perfect pair. For the factoring company, the big data analysis and application of industrial information can have more effective risk management, and the supply chain financial services can be interactive developed through the use of blockchain and other technologies combined with the advantages of finance and the integration of business data.

In the communication, Tommy Xu introduced Ultiledger self-financing blockchain protocol which gained a high recognition from the Chairman Qingwei Wang, Deputy General Managers Chunlei Jiang and Yuan Wang. And they hope to visit Ultiledger in the near future.

About Anhui Refinancing Co., Ltd.

Anhui Refinancing Co., Ltd. formerly known as Anhui Wantou Small Credit Co., Ltd. (hereinafter to as “Wantou Small Credit”) was established in November 2013, by Anhui Provincial Investment Group UN Yuan Group and The Provincial Traffic Control Group with a registered capital of 1 billion RMB. Approved by the Provincial Financial Office, the Wantou Small Credit was changed to a provincial re-lending company in January 2018, becoming the only provincial-level re-lending company in Anhui and now it is the vice president unit of the China Microfinance Company Association.

Since its establishment, the provincial re-lending company has established a high-quality management team, based on the four functional positionings of government finance, technology finance, corporate finance and consumer finance, with a rich product system and fast and efficient services together with the innovative investment and loan business model. Accumulatively invested more than 20 billion RMB of credit funds to nearly 2,000 small and medium-sized enterprises in the province, which has made outstanding contributions to the development of the real economy. It has strong influence in Anhui Province and has established a good brand image of “Anhui Refinancing”.

The Ultiledger partner Win-Win Chain Information Technology helps Infinitus to launch the “Infinitus Financing” project by introducing Stellar.

In June 2018, Ebon Holdings subsidiary Youbei Information Technology Co., Ltd. has a strategic cooperation with Win-Win Chain Information Technology (Shenzhen) Co., Ltd., which builds a supply chain financial product –Globel Cloud Chian System for the supply chain financial technology platform Globel Cloud Chian by introducing Stellar to achieve the way of multi-chain, and to help Infinitus to launch the ” Infinitus Financing” project.

The “Infinitus Financing” project relies on Infinitus credit, and based on the transfer of accounts receivable credits, and the commercial factoring company provides factoring financing for the Infinitus small and medium-sized micro-suppliers, benefiting all kinds of suppliers and even the whole Infinitus direct selling industry ecosystem, solving the problem of financing difficulties for small and micro enterprises and individual suppliers.

About Infinitus

Infinitus (China) Co., Ltd. – is the core brand of the original “Southern Lee Kum Kee Co., Ltd.” and a wholly-owned subsidiary of Hong Kong Lee Kum Kee Group, which specializes in the development and sales of Chinese herbal health products. Established in 1992, with “Infinitus” as its core brand, it is a large-scale Hong Kong-owned enterprise engaged in the development, production and sales of Chinese herbal health products. It is headquartered in Guangzhou, China. According to the “2017 China Direct Selling Enterprise Performance Report” released by the China Industrial Research Institute, the performance of Infinitus ranked first in the Chinese direct selling industry last year.

Ultiledger will be officially launched on the CoinEx platform on September 19th, 2018 (Beijing time), deposit will be available at 11:00 on September 18th, trading and withdrawal will be opened at 11:00 on September 19th, and CoinEx will support ULT trading and add ULT/BCH, ULT/ BTC, ULT/ETH trading pairs. Ultiledger and CoinEx will officially launch the ULT trading event on September 19th.

Ultilegder, the Next Generation Global Self-financing Blockchain Protocol, an open source protocol initiated by a number of IT 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 Ultiledger team has more than 10 years of IT experience, from the Wanxiang Blockchain Lab, the HKEX, the Chinese Academy of Sciences, the Ant Financial, the SAP and the State Street Bank. There are 5 team members who were the early code contributors of Ripple and Stellar, and they have been operating the largest community of Ripple and Stellar in China, what’s more, they have made many successful applications based on sub-chains in the early days and have proposed a number of breakthrough innovations. With the expansion of the blockchain business, it is found that the application of blockchain through sub-chains cannot meet the circulation of credit, assets and value, however, the financial scenarios are often complicated, and with the assets growing, there is huge demand for interaction. As a consequence, the team developed the next generation of self-financing public chain, which on the one hand satisfies the financial needs of different scenarios, on the other hand, it will map and combine the assets of circulation, and can support the circulation on a global scale. Ultiledger developed an applicable and interactive blockchain system architecture, which is committed to providing blockchain solutions to meet the needs of real business applications.

Thank you for all your support to Ultiledger!

Ultiledger Team

September 18, 2018

Thanks to the community’s close attention and support for Ultiledger, in order to have better connection with the community around the world, we now start a journey of ” Travel around the world Ultiledger “.

Guided by Ningbo Hangzhou Bay New District Development and Construction Management Committee and jointly sponsored by Sunac and Lenovo. “Linking the World, Creating the Future – Smart City of Ningbo Hangzhou Bay · Artificial Intelligence Summit Forum” was held in Hangzhou Bay, Ningbo by Zhejiang Province Blockchain Technology Application Association on September 8. Ultiledger founder Randolf Liang Ran and COO Tommy Xu attended the conference as special guests in the blockchain industry.

In the blockchain session, Tommy Xu shared the theme of “The revolution of the Self-financing and the Value of Blockchain Technology”.

The road to financial evolution

At the beginning of human civilization, the purchase of goods is mainly barter one thing for another. With the development of society, there have been intermediaries such as shell currency, metal currency, banknotes, electronic money, and banks of the financial intermediaries, which have greatly promoted the development of commercial society for a long time. However, with the advancement of the times and technology, human beings have entered a highly informational era. The financial industry, which should have been the lubricant of the real industry, has gradually separated from the entity, forming a idling, and the financial costs have eroded most of the entity’s profits.

In 2017, among the top 20 profits of listed companies in China, banks accounted for 11.

Self-financing

The peer to peer decentralized distributed storage and transaction system of the blockchain enables the “value Internet” achieving the free flow of value, reducing costs and improving efficiency. Blockchain technology can easily make any credit organization quickly and cost-effectively build a financial account and account system at the bank security level. The procurement, production and sales of an entity are themselves a closed loop, relying on information technology, and with the purpose of serving the industry and related industries to provide comprehensive financial information services such as payment settlement, investment, financing, etc. to enterprises and individuals with their own business associations like upstream and downstream enterprises, subsidiaries and branches, end consumers and their employees.

This is self-financing.

How to do self-financing

As the next generation of global self-financing blockchain protocol, Ultiledger provides a new function to achieve the “self-financing” for the self economy through the blockchain underlying technology empowerment and platform support, making “self-financing” a kind of general appropriate infrastructure, equal access to Internet technology and get the benefits of the technological progress in blockchain, achieving the application of financial technology, and thus enjoy the results of inclusive finance.

The revolution by Ultiledger is not only the empowerment of a company’s “self-financing” ability, but also a subversion of traditional direct finance, indirect finance, and self-financial model structure.

The third from left is Randolf Liang

After that, Ultiledger founder Randolf Liang attended the roundtable discussion and discussed with the other five guests on the “landing of blockchain industrialization”.

Randolf Liang said: The important factor determining the future prospects of the blockchain is the level of integration with the real economy industry. Technological innovation and financial innovation can only be fully realized if they are deeply integrated with the real economy, to promote the development of the real economy, effectively change the way of the industry, reduce the industrial cost, improve the industrial efficiency, and improve the industrial environment. In the future, the blockchain technology and the real economy industry will be deeply integrated to form a batch of “industrial blockchain” projects, which will become the application trend of blockchain technology.

Making technology and financial technology a universal tool, a force that contributes to the development of the economy and the creation of value, has always been the goal pursued by the Ultiledger team. Making the results of technological advancement to be the incremental tool for the creation of the self-economy’s value by the transformation and optimization of the Ultiledger platform. It would be the greatest value of the platform and also the embodiment of the team’s maximum value.

For thanking the support of community embers, from today to September 9th, Ultiledger fans can win over the 100,000 ULT by following