DJ Answers Top 3 Community Questions From AMA Week 1
Dear Fusionites,
Please see below DJ Qian’s answers to the top 3 most upvoted questions on Reddit from the 12/3/18 — 16/3/18. Check out the thread here.
The next Reddit thread will be opened on Monday 26/3/18–30/3/18. We will forward to seeing the next round of questions!
- Can you tell us more details about the scope of any partnerships that may come down the line?
FUSION Foundation is engaging in the following Partnerships:
1) Academic Institution Partnerships — Including Technology and Economics research. We will have active and thorough communication with Academic Institutions who we will be our partners in joint research aimed at overcoming the challenges we have been facing during the development of FUSION. Currently we are approaching universities in US, China, Netherland, Russia, Belarus, France. I believe some good news will be announced soon.
2) Blockchain Project Foundations — The community is mostly aware of the milestone we put in our whitepaper and website that we are targeting a significant amount of value (10B USD equivalent) to be running on the FUSION Blockchain in Q2. One of the effective ways to achieve this is to have close and strong collaboration with existing Blockchain projects foundations and have their tokens running on FUSION.
3) Financial Institutions — If you have watched the three future use case videos we have shared, you can imagine that the crypto finance era we are trying to build could also be very useful and adopted by today’s financial institutions. FUSION Foundation has many selected supporters and advisors in the finance industry. I can tell you we chose them for very specific and important reasons. FUSION Foundation is trying to build the collaboration with Financial institutions and explore the cryptofinance era together.
4) Finance Application Development Companies — There are a lot of finance app companies in the world. FUSION Blockchain is an infrastructure and platform. We expect to have more and more of todays financial applications developed with FUSION.
5) Governments — No matter where, finance is always a highly regulated industry. FUSION is trying to approach governments in different ways to encourage Government projects initiatives. So far we are approaching countries in Europe and The Middle East.
2. What patents are being applied for?
First of all, FUSION is an open source project. The reason that we are trying to apply for patents is to protect the FUSION Foundation from any potential patent wars against ill-intentioned attackers and to make sure the FUSION platform and technology is well developed and runs smoothly. We don’t have any intention to exclude any other projects/companies/blockchain foundations from adopting FUSION blockchain and technology.
We are applying patents in (but not limited to) 3 areas:
1) Distributed Private Key Control and Management / Decentralized cryptocurrency, digital assets, tokens custodian service
2) Enhanced financial smart contract (Triggered by time/event, enhanced functions of token flow)
3) Hybrid Public Blockchain Consensus
We have broader collaborations with academic institutions to develop more patents which could be useful for future FUSION Foundation developments.
3. Will the mainnet launching in Q2 have all the features in the whitepaper (i.e. HCCM, distributed key management, multi triggering, etc)? Or will some of those features get Incorporated in second generation fusion network?
Anyone who is familiar with product or tech development must know that it is impossible to develop a perfect product, especially today. Facebook, Google, Uber, those high impact products are quite different from what they were on day one. The three key technologies listed in the question are very important and key to the vision of FUSION. But sometimes, we still need to compromise because of strategy decisions and evolving technologies. At the same time, we don’t want the community and market to wait for too long. So, yes, we will release functions in steps. However in FUSION architecture, basic functions will definitely be in our first release. Moreover, we are even thinking about releasing simple products/apps (maybe together with some partners) to demonstrate to the world that FUSION is useful.
