On July 29th, Waltonchain Super Master Node (SMN) Recruitment Celebration was successfully held in Beijing Daguantang Bonsai Garden.
Freyrchain, the first major child chain of Waltonchain, co-hosted this celebration. Freyr founder Johnson Fung, CEO Kelly Zheng and CTO Wang Baoshan were invited to attend the SMN celebration. Mr. Wang Baoshan shared his view on “Blockchain Technology Restructures Trust System in the Art Industry”. The Daguantang Bonsai Garden is also the location of Freyrchain’s comprehensive database archive of Chinese art and collectibles.
In the topic sharing session, Wang Baoshan said that there is information asymmetry in the current art industry, lack of credit in the trading market, and the difficulty of artwork circulation, Freyrchain will use the blockchain technology to restructure the a secure trust system in the art industry with a tamper-proof, transparent and traceable new one.
In the Waltonchain Global Ecosystem Round Table, Kelly Zheng expressed her views on the “application of the solution to art industry problems” on behalf of Freyrchain, and discussed the value of IoT with other Waltonchain global ecosystem partners.
It is reported that in order to enrich and improve the business ecosystem of Waltonchain, Waltonchain will use the power of the global community, and recruit 99 SMNs (Super Master Node) to jointly select and incubate high-quality child chain projects. At the same time, the Waltonchain Foundation invested 10 million WTCs in establishing the “Walton Chain Global Ecosystem Incubation Fund (WGEIF)” to incubate 50 high-quality child chain projects around the world and provide 550,000 WTCs used to reward SMNs.
Freyrchain being the first major child chain, received the support of 100,000 WTCs provided by Waltonchain, which showed that the parent chain has great determination and strength to develop the business ecosystem.
The reason why Waltonchain spent so much to promote the Super Master Node (SMN) recruitment plan is to create a cross-industry multi-chain network through the SMN node to help the child chain ecological construct on a global scale. Based on the cross-chain technology architecture design, which enables data and information to be opened between the parent and child chains, forming a huge cross-industry blockchain ecosystem. SMN is based on sufficient equity to ensure cross-chain transactions by running cross-chain transaction confirmation nodes.
In the future, Freyrchain as part of the ecosystem will also benefit from the help of the SMN, interacting with other high-quality child chains or members of the parent chain business ecosystem; Meanwhile, in the process, fully utilizing the advantages of multiple resources. We can find our own accurate positioning and value in this huge cross-industry blockchain ecosystem, and promote the application of the project through the openness of ecosystem to build Freyrchain art economic ecosystem.
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