DALICHAIN Monthly Report

Product & Technology Upgrade


1. BOS (Blockchain Online Shop) project design: Combined with the latest trend of blockchain development and the original intention of DALICHAIN’s commercial blockchain application, our team has designed a new BOS (Blockchain Online Shop) project. It obeys related regulation and compliance. It combines the traditional business with blockchain-based tokens, which can effectively serve various enterprises and introduce consumers into the future of digital assets;


2. Digital asset payment: DALI Pay is available! It provides the necessary technical guarantee for BOS project and lays a solid foundation for supporting the application of valuable digital currencies in the future. We always believe that digital currency/asset is designed for use or application rather than speculation;


3. Wallet security optimization: The reconciliation script is finished, with semi-automatic monitoring means. It will continuously improve account security from a technical and management perspective under regular reconciliation systems.



Market & Operation Update


1. The Chinese court determined Ethereum to be legal property with economic value. In April this year, a local court in Shenzhen, China judged in a cryptocurrency theft case that although Ethereum cannot be circulated as currency in China, it is a virtual property and its owner can manage the currency held, and they are able to make payments and transfers in a specific way and trade with currency in public. It has certain economic value and belongs to the “property” according to criminal law. This is undoubtedly very positive for the projects that DALICHAIN continues to carry out, as the popularity of digital assets must be a future trend especially valuable digital assets. We keep in-depth research on blockchain technologies and will continue to study the policy trend of digital assets in China, please stay tuned;


2. Proposed a digital equity solution to a consumer product company. Under their European listing plan, DALICHAIN designed a blockchain-based equity bookkeeping solution to help the promotion of its high-quality products and interests, which solves the pain point of traditional one that requires complicated procedures and management. Both parties will continue the in-depth discussion on how to support the project design at the operational level.