The Development Progress

JAVA SDK adds single account automated transfer scheduler module and actuator module. Node.JS SDK adds block and transaction data parser, indexing transaction TX_ID, improving transaction query performance. Fix the inconsistency between the UGC APP end cross-chain transfer initiative notification and the detection status of the chain bridge. Smart contract has achieved atomic incremental management of Nonce values. Design and plan the block browser system architecture at the end of the alliance chain; Test and deploy the Nonce value atomic chain management smart contract at the alliance blockchain end; Adjust some key-value items of the startup configuration file of the alliance blockchain end service to optimize the service startup process; Develop the alliance blockchain channel automated configuration tools to avoid manual modification of configuration files. Finished implementation of multi-role management of certificate users, including the division of roles between alliance organization administrators and ordinary users; Finished implementation of logical expression processing of signature endorsement strategies, and the combination of logical AND, logical OR, logical NOT and digital signatures. Increase the system security check module to monitor the security of the service process, and provide log data related to the state of the process running, which facilitates operation and maintenance management. Introduce the CA system to automate the issuance of alliance member certificates to achieve node digital identity authentication. Write a Docker-Compose script to build a container-based blockchain experiment environment. Rewrite the Crontab file, redefine the bridge interval scan time. Update protobuf decoding main code, improve socket data stream reception processing. Change some organization XML configuration files to Yaml files and update related code.

Application Upgrade Progress

After conducting research on market demand, competitive environment, importance, success factors, marketing strategies, and profit forecasting, ugChain team has completed the concept design of virtual asset management applications UGC 2.0.

After extensive investigations and discussions of multiple requirements, the key functions of virtual assets management application UGC 2.0 was determined, the interaction DEMO prototype was released, and visual design was started which includes visual concepts and details of the design and the main interface design. Core functions of the product include:

1).Virtual assets generating logic principle

2). Virtual asset attribute list classification, label system, etc.

3). Personal management background system design

4). Product database structure design and construction

Considering the aspects of supporting modularity, high cohesion, low coupling, scalability, and prevention of over-design, refined the abstract model for the relationship between various subsystems including system architecture design, software architecture design, and network architecture design which will guide further system development, operation and maintenance.

Media Report

1.Zn Finance: Ethereum’s Big Move Continues, Can “Insurance Pool” Save The Loopholes in Smart Contracts?

Developer of ugChain Qinghao Lv was interviewed by Zn Finance, he said:

“The scene that a program use often determines the importance of this piece of code. I think there is no significant difference between smart contract code and other software codes, and it is just a piece of program. However, smart contract code is generally used to control the circulation of funds so we need treat it more rigorously.”

2.Ifeng, CRI Online, Sina, etc.: ugChain Was Invited to Participate in The First China Game Festival and Share Insights on Blockchain and Games Panel.

The First China Game Festival was held in Wuhan International Convention and Exhibition Center from May 25th to May 27th. ugChain was invited to exhibit and deliver the keynote speech. The game festival brought together more than 140 exhibitors including Tencent QQ Animation, Shanda Games, Kunlun Games, China Mobile Games, China Literature Limited, Seasun Entertainment, Zulong Entertainment, and NingMeiGuoDu, with more than 10,000 attendance. During the exhibition, The China Game Industry Development Panel also successfully held. ugChain team members Haixia Yu share insights with Wanda Cinema COO Wei Li and founder of the MJOY Weifeng Yin on the topic of “New industry model in the eye of a storm”.

ugChain Events

1.ugChain team COO, Peter, was invited to participate in thethe Global Artificial Intelligence Blockchain 30-People Forum. This forum was a directed invitation system. Many heavyweight guests in the industry attended and the conference focused on artificial intelligence. The development of the integration of blockchain and physical industry was discussed extensively.

2.On May 8th, Jianing Yu, director of the Industrial Economic Research Institute of the Ministry of Industry and Information Technology of China, and his team surveyed Canaan. Founder of the ugChain, Yang Zhang, took part in the reception. At the meeting, Yang Zhang and Jianliang Shao, head of Iterative Blockchain Entrepreneurship Camp, exchanged in-depth discussions with the director on topics such as blockchain technology, differences between dedicated chips and general-purpose chips, technological innovations, and the establishment of a global ecosystem.

3.The ugChain team was invited to participate in the Blockchain Developer Salon and Geek Replication Conference ( launched by Iterative Blockchain Camp) held in Hangzhou. The event brought together a number of excellent blockchain developers. They discussed on the development and evolution of digital assets and the feasibility of blockchain applications in various industry sectors.

4.The First China Game Festival was held in Wuhan International Convention and Exhibition Center from May 25th to May 27th. ugChain was invited to exhibit and deliver the keynote speech.