Nebraska News Desk

Strong Showing by YottaChain World’s Largest Global Blockchain Competition

November 15
21:40 2018
YottaChain was selected as one of the top 20 blockchain startups in the world to compete in the 2018 Founder World Championship

The Founder World Championship is the largest community blockchain conference in which 20 top startups compete in front of judges and investors for $2 million in investment. The event is jointly organized by many well-known institutions such as F50, the largest investment platform in the United States, along with SVE, Blockchain Founder Club, and US China Blockchain Association. This event successfully brought together more than 1 million Chinese and American communities, 5,000 industry elites, 1,000 outstanding innovation teams and 100 speakers. Its scale and social influence attracted more than 200 front-line media, including NBC, TechCrunch and CNN, to report on it. It was the largest blockchain summit ever held between China and the United States.

On September 4th, the organizing committee of the competition released the global finals list. YottaChain was selected from among the several hundred entries and successfully advanced into the finals.

On September 7-8, the founder of YottaChain, Alex Wang, led the team to compete in Silicon Valley with 19 other excellent teams from around the world. Although they did not win the top prize, Alex Wang gave a powerful speech that was praised by the judges and audiences at the competition. He also has drawn the attention of many experts and investment institutions. It is reported that after the meeting, numerous well-known figures and organizations in the industry intend to cooperate with YottaChain.

Wang has previously won the prestigious top ten outstanding young scientists in China and is also an expert in storage science and cryptography. Wang says that YottaChain completely subverts the existing decentralized storage architecture with an innovative model. As part of the project, he invented the TruPrivacy technology, which is the only technology in the world that can realize both encryption and deduplication in a single storage system, achieving the dual purpose of zero-knowledge data encryption and data deduplication. At the same time, it is the first blockchain storage project to realize secure storage of personal and enterprise data using the “deduplication effect” to enlarge the available data storage space by five to ten times. This project opens the door to the huge potential of blockchain based storage, and the innovations were unanimously praised by the judges.

YottaChain is a public chain for blockchain infrastructure, using exclusive proprietary technology to establish an open platform for storage. It uses a unique technical means, economic model and governance structure to aggregate global computing resources, storage resources and other blockchain storage systems to form a large-scale computer. This enables ordinary people to access the capability in computing and storage that was previously only available to big enterprise, and provides convenient, reliable, and inexpensive storage and computing services for other blockchains. 

YottaChain also has several advantages. First, it’s a public chain that can replace Http with the full IT capability of “computing + storage + network + encryption” to run both static and dynamic web pages.

Second, its economic model achieves both risk avoidance and liquidity using the double layer token model of resource token combined with utility token. Resource token is anchored in the storage resources which guarantees the value, and utility token will steadily gain in value due to its fixed total amount.

Third, YottaChain is a real decentralized, fully distributed governance structure, an industry first.

Finally, it creates an open blockchain storage eco-platform using exclusive proprietary technology. All miners can independently issue coins on the YottaChain platform to promote ecological growth and prosperity, and share in “deduplication dividends,” increasing the available storage space several times over the current solution.

YottaChain’s outstanding performance at the world’s largest summit stage has enabled international front-line investors, experts, scholars and technical talents to see a truly unique blockchain project that brings the development of blockchain storage technology, as well as the whole blockchain industry, to a higher level. In the future, YottaChain will be committed to building a healthy and sustainable blockchain storage project, aiming to build a huge storage capacity in Yotta (the largest unit of measurement in the metric system) bytes. YottaChain is looking forward to more partners to join in building a new blockchain storage ecosystem!

Media Contact
Company Name: YottaChain
Contact Person: Yvonne Li
Email: Send Email
Country: United States
Website: http://yottachain.io

Categories