The Ultrain main net has been running steadily for a year since it was launched on 2019.4.15. At present, the Ultrain network is composed of nearly 700 nodes, which are distributed in many countries and regions such as China, the East and West Coast of the United States, Australia, South Africa and Germany. The network deployment methods include public cloud networks (Alibaba Cloud, Amazon Cloud, Microsoft Cloud, Kingsoft Cloud), enterprise intranet, enterprise private network, open Internet and home broadband network.
On the basis of technical stability and shaping, Ultrain’s main task in 2020 is to realize the commercial implementation of blockchain technology. In the second half of 2019, we spent a lot of energy exploring and designing business models with our many business partners, and we have a full understanding of the advantages and disadvantages of blockchain technology in business competition：”Blockchain Business and Technology Status and Development Trend Outlook”. On this basis, we have determined the business model that we hope to be empowered by Ultrain technology in 2020: in a fully competitive industry, establish a mutual trust franchise business model at low cost.
In order to achieve this goal, Ultrain’s technology needs to be further upgraded from the following aspects in 2020:
Compliance with business compliance requirements: In recent months, various ministries and commissions have issued normative guidelines related to blockchain technology, such as the “Financial Distributed Ledger Technical Security Specification” issued by the Central Bank. These specifications will become the basic threshold for the application of enterprises in the future. In order to meet the requirements of these specifications and achieve commercial compliance, Ultrain needs to conduct further research and development in many aspects;
Consensus innovation: The franchise business model has two characteristics, one is that there are many franchisees, and the other is that the geographical distribution of franchisees is very scattered. This mainly brings a variety of technical challenges, including the different network environments of franchisees, and the need for users to automatically adapt to different networks without perception. There are many network nodes, and the online time of franchisees is not fixed. How to maintain the stability of the blockchain network in the face of a dynamic network. As an open network, how to ensure the security of the network; these aspects are the technical challenges we need to solve this year;
Blockchain privacy protection: In the business environment, privacy protection is the bottom line requirement for system operation. The “Personal Financial Information Protection Technical Specification” issued by the central bank at the beginning of this year can be used as a reference. Ultrain has a deep accumulation of blockchain privacy protection solutions. This year we will form a commercial solution to export and provide services;
The above are the three technical routes of Ultrain in 2020. We have further divided this technical route:
The above is the technology roadmap of Ultrain in 2020, which contains a number of world-leading technological breakthroughs. We will further publish the technical implementation details at each step and share our progress with you. Hope that Ultrain's breakthrough in technology can contribute to the commercial landing of blockchain technology.