What is the MIT(Mundellian Infrastructure Technology)?

MIT blockchain proposes a new fundamental infrastructure for the next-generation blockchain, establishes a high-performance blockchain platform with balanced scalability, security and efficiency, and forms its own cross-chain collaboration technology and protocol system to realize peer-to-peer value transferring and chain-to-chain collaboration. By applying these core technologies and the characteristics of blockchain technology such as decentralization and non- tampering, our system will serve supply-chain finance, digital assets, equity bonds, supply chain provenance , financial credit and other industries.

Advantages of SDWC algorithm

Balance the whole network hash power to avoid high-load nodes, give priority to nodes with lower load to validate transactions and create blocks.

Encourage new registration nodes in order to adopt better hardware and stable higher-speed networks.

The 20 % new nodes are selected to reward and encourage new registered nodes, thereby preventing the old nodes from monopolizing mint.

Prevent malicious nodes, prevent Sybil attacks, and prevent 51 % attacks

AI-based Smart contract

MIT blockchain provides a solution to create a new Non-Turing complete contract language processing (CLP) that allows artificial intelligence systems to process various contracts. Once the system has mastered a certain contractual term, the trainer will point out other concepts that need to be identified. CLP technology makes it possible for algorithms to identify concepts even these concepts appearing in a way that (system) has never seen before. Therefore, MIT blockchain adopts the detecting method of Concept + Assertion (keyword). Artificial intelligence can identify this concept no matter how this concept is expressed or where it appears. For this reason, artificial intelligence system of MIT blockchain can be operated in a far more mature way than keyword searching.

MIT Team

CEO
Jason Huang

Doctor of Computer Science
Tsinghua University, China

Worked in Alcatel-Lucent, Microsoft, HP and other well-known scientific and technological enterprises; an outstanding technical expert in large scale, real time distributed system and blockchain; set a world record for the PennySort World Ranking Contest by BSIS algorithm in 2006.

CTO
Adam Mallet

Master of Computer Science
University of Queensland, Australia

Worked for IBM and HP; senior architecture engineer; technical expert in blockchain; joined BTC community in 2010.

CIO
Si Wei

Doctor of Artificial Intelligence
The Australian National University

Senior NASA technical experts; lead the world's top data traceability standard PROV 3.0 at NASA; lead the development of PROV4. 0 Standard.

COO
Richard Fang

Master of Banking Finance
University of Queensland, Australia

Supply chain finance expert; blockchain application expert; senior investor; engaged in the supply chain finance industry for 12 years; has original opinions on the application field of blockchain.

Consultant
Alexander Kristensen

Master of Business Administration
University of Edinburgh Business School

Major in Computer Science and MBA; senior risk control consultant of Scandinavian bank; expert in hedge fund model design

Road map for development

2018 Q1

1.Start of MIT project
2.Research and analyze the advantages and disadvantages of the existing public chains

2018 Q2

1.Select and design the technical path of public blockchain for MIT project
2.Start writing technical white paper
3.Confirm strategic partners

2018 Q3

1.Completed the MIT white paper
2.Completed project website v1.0
3.Create and execute solidity scripts based on ERC 20 for project token

2018 Q4

1.PC wallet based on CLI
2.MIT blockchain browser
3.Verification and implementation of sharding dynamic weighted consensus algorithm (SDWC)
4.Release open source code on Github and keep updating

2019 Q1

1.Mobile wallet based on iOS
2.Mobile wallet based on Android
3.Development of kernel of MIT blockchain
4.Development of P2P network protocol
5.Development of block storage for ledger
6.Runtime environment development
7.Test network development
8.Consensus algorithm test
9.Consensus engine design and validation
10.Consensus engine implementation

2019 Q2

1.pre-α version of MIT main chain launch
2.Debugging system combined Consensus engine with the consensus algorithm
3.MIT network file system
4.MIT main chain deployment, debugging and rollback mechanism
5.Verification and development of MIT sidechain
6.Multi-sidechain support
7.Verification and development of MIT subchain
8.Multi-subchain support

2019 Q3

1.α version of MIT main chain launch
2.Include verification and implementation of CBP distributed cross-chain protocol
3.Verification and implementation of cross-sidechain routing protocol
4.Verification and implementation of cross-subchain routing protocols
5.Verification and implementation of Non-Turing complete CLP (contract language processing)
6.Implement the abstract syntax tree (AST) based on the BNF paradigm

2019 Q4

1.β version of MIT main chain launch
2.Implementing sharding functionality for main chain and light nodes
3.Realize transaction model identification and security check based on semantic analysis NLP
4.The formal verification of Hoare Logic is realized through Z3 and using F* function programming language
5.Dapp integrated development environment
6.A pluggable and modularized mechanism for Various consensus algorithms

Strategic Partners