On July 19th 2018, M.I.T&TNB was invited to participate in the Global Media Blockchain Summit that hosted by Forbes and BIMG (Blockchain International Meida Group) with more than 100 mainstream media outlets joined. The summit gathered Forbes China CEO Mr. Siwei Li, Shunya International Chairman Mr. Xiubing Zhang, Jinse founder Mr. Jun Du, DFUND founder Mr. Dong Zhao and Kuaidi taxi founder Mr. Weixing Chen and many other big names, they have had an in-depth discussion regarding the blockchain technology applications, development prospects and media roles.
Mr. Xiaowu Ji, a guest of the summit also the senior advisor of M.I.T&TNB, gave a keynote speech on the TNB project. M.I.T&TNB is the world's first digital time tokenized platform. Mr. Ji believes that the blockchain is naturally conforms to the definition of time in the universe. M.I.T&TNB digitizes and tokenizes individual time based on blockchain technology and will explore the two-dimensional business mode of operating time to service e-commerce and earning time profits for investment and financing, and establish “NASDAQ for personal time”. The M.I.T&TNB project is the first blockchain project in the industry to realize the actual application and a launched mainnet. The mainnet is using PoS+PoW consensus engine, which is a public chain specially designed for time value transmission. The unique value and innovative idea of time tokenization and the continuous implementation of the project have been recognized by participants and the media outlets.
Mr. Ji pointed that MiaoA is the first DAPP in TNB ecosystem and there were five non-digital time products listed on MiaoA before the mainnet officially launched, which was in the initial stage of exploration of the new business model of time economy. After the mainnet is officially launched, MiaoA's time products will be digital time assets with long exercise duration, rich exercise content, and have consumer attributes and investment attributes. Recently TNB will start the coin swap of ERC20 token and the long-planned new business model of time economy, classic case will be presented.
The blockchain technology has the potential to revolutionize future production relations and is expected to bring an unprecedented change in many areas of applications. 2018 is the first year of the application of blockchain technology and blockchain projects are emerging one after another. With time goes by and the intensive competition of the industry, it’s getting obvious that which are practical projects and which are empty shell projects. For M.I.T&TNB, which is at the forefront of time value transmission, will write about the new business model of time economy. Let’s look forward to it.