Dear WatermelonBlock Community, first off all we would like to thank you for the support and belief in our project and team. The past 9 months it has been a very interesting ride, to say the least! During the development of the applications, we have made some important technology changes for the good of the project.

As most of you will know we came to a settlement regarding the first attempt at developing our Insights application. We had a lot of issues around the AI component of the application and eventually made the decision to start from scratch. With the assistance of IBM we were able to rebuild our platform into something that actually works (and well). A couple of months ago, after we finalised our beta testing and compiled the feedback, we hit another speed bump which was unrelated to any dev work. Because we were working with IBM directly, some legal clarity around IP ownership was required. We are happy to say this has all been wrapped up and we are now in the final 40 days of development necessary to complete the first release of our application.

We are now using IBM PowerAI (which funnily enough is actually being renamed to Watson)

WatermelonBlock’s Insights application, initially built upon the IBM Watson Sentiment subscription service, has been transitioned to the IBM PowerAI Deep Learning framework. The key differentiators between IBM PowerAI and the IBM Watson service is the increased flexibility awarded by PowerAI to

a) leverage the latest open source DL algorithms, enabling WMB to tweak and improve the accuracy of the AI sentiment models well beyond the capability of a standardised subscription service such as IBM Watson, and

b) provides greater control over the choice and priority of sentiment data sources that will be used by the WMB sentiment engine.

“PowerAI is an enterprise software distribution that combines popular open source deep learning frameworks, efficient AI development tools, and accelerated IBM® Power Systems™ servers to take your deep learning projects to the next level.”[1]

Since the inception of WMB, we have planned on releasing a white label platform, however, there has been a lot of back and forward on the best way to offer this, integrated into an exchange. After much discussion, our focus expansion from the pursuit of creating indexes through Ai alongside an exchange now includes developing blockchain systems on a mainframe. It is a technically matchless platform. Its performance, scalability, reliability, and security are far beyond that of any distributed or cloud infrastructure. In fact, despite the incalculable investments made in these commodity platforms, they have never come close to delivering what the mainframe does. That’s why the most critical workloads in both the public and private sectors continue to run almost exclusively on mainframes. We’re talking almost 100 percent uptime, insane amounts of storage and terabytes of RAM (yes, terabytes!). Then, there’s volume capacity. These machines can process unbelievable numbers of transactions per second. This is why we are building the WatermelonBlock platform to be hosted on IBM LinuxONE. Together with our custom software in development, this will deliver the fastest, most secure, and scalable WMB Exchange, Custody and User Sentiment platform.

WatermelonBlock App

Users can begin analyzing the market immediately, with the WatermelonBlock app’s cutting edge market sentiment insights. Data is updated in real-time from trusted media sources, providing users with up-to-date market information and streamlined news. Innovative features such as the Watermelon Index, MelonScore, Personalized Portfolio, and WatermelonAlarm are designed to help investors make more accurate and better-informed trading decisions.

IEO?!

We are currently looking into ways to get more outreach and investors. We are looking into the possibilities of hosting an Initial Exchange Offering on the platform of one of the IEO providers. By doing so we can grow our community and bring the application to the bigger crowd.

The strategy that will work for all of us

As we know, partnerships and collaborations are key to growth and success. We will never stop looking for the right people to work with, in and outside the Blockchain space. We are excited to announce that we have started a collaboration with two experienced Blockchain and Cryptocurrency Specialists. They will work together with us on future development, communications, and marketing for Watermelonblock.

In addition to the collaboration, we also have a partnership to announce. Australian advisory company Frontier X has chosen WatermelonBlock as their technology partner for multiple upcoming projects. The first of which is a tokenized real estate and renewable power futures exchange operating out of the USA starting in July 2019. We have received MOU’s for four other projects and will announce them all over the next two months.

Strengthening the Team and Community

As everyone might have noticed we are working to improve our communication and transparency towards the community. We want to make sure that we involve the supporters in our work. We strive to share weekly development updates starting next week. With the help of new reinforcements to our team, we will be able to engage and respond directly to the community.

Bright Future Ahead

We hope you are as excited as we are for the upcoming application launch. The application launch will be a huge step towards the future and success of WatermelonBlock. We will make sure to update the community with regular updates like these. Once again we would like to thank you for the great support, patience and belief in the WatermelonBlock team.

Let’s share the news about Watermelonblock around the world. Our community is growing, and we encourage you to be a part of it. To be updated with the latest news, you just need to follow WatermelonBlock.