Yee CEO Zhang Lei: “Blockchain Will be the Next Generation Infrastructure.”

[YeeToken]

Originally written by Hao Fangzhou and published on 36Kr on January 11.
The original article: http://36kr.com/p/5112522.html

Since last weekend, Zhang Lei has not had any real sleep. He first lighted the spark in Xu Xiaoping’s heart unintentionally during a blockchain technology sharing session. Then he received numerous questions after Mr. Xu called for embracing the blockchain revolution. The questions were mainly about how to quickly understand and utilize the blockchain technology.

Yee CEO Zhang Lei is an IT professional who used to work in Baidu and Huawei. He also founded several startups and has rich experience in mobile search and mobile security. He has been researching the blockchain technology since 2012. He found that many people had a strong need to learn the blockchain technology, but they did not know much about how to apply the technology to reality. When he provided the technical support to them, he researched lot of research on current economic system and believed that the blockchain technology would become the next generation infrastructure.

Recently, 36Kr came into contact with Zhang Lei and had a talk about his thought on the blockchain technology which has attracted the attention from the world, how to find the core value of a blockchain project and what Yee team have achieved.

The core value of the blockchain lies in the way of building the consensus

The delivery of the internet information is a top-down one which does not apply to “the scenario in which centralized organizations can be left out”. With the emerging of Bitcoin, value can be decentralized and delivered via the C2C model. Later, Ethereum solved the problem that exists at the infrastructure level. These two aspects enable users to deliver value in a top-down way, which means that users can enjoy benefits while they manage the community.

Take global transfer as an example. In the traditional way, if we want to gain trust from new users, we need to cooperate with large banks or agencies and learn about policies in different countries. This can lead to high costs. Some products try to do C2C exchanges without centralization, but they fail to solve the crisis of consensus and trust.

Distinguish the Authenticity and Make Valuable Investments

In the past year, we have seen so many ICO projects coming out, the chaos they created, and lots of projects dead soon after strict regulations implemented.

Zhang Lei said, to fully understand the project, we could look at the layers of the blockchain separately: the base layer is the blockchain technology, mining machine, and exchange platform; the ecological layer is the development environment (tools like IM, wallet, etc.); and the top layer is the application layer. Of course, each layer is embedded with opportunities, but it also comes with huge bubbles before the industrial revolution starts (just like the earlier internet revolution). Only 1% of the [Suspicious link removed]panies are the great ones with value creation. They will come into being in the future, rather than being involved in the bubbles by the “debris flow” brought by capitalists.

Zhang Lei thought that a valuable project must have technology genes and reserves, and besides, the project must have a solid application scenario and provide excellent user experience. “The user experience of Ripple is quite good. I learned about a European company that utilizes the Internet of Things and the blockchain technology in the renovation of smart door locks. I also learned about a pork traceability project which integrates AI image recognition, the Internet of Things and the blockchain technology.”

What Yee application, YeeCall Really Wants to Do is at the Infrastructure and Ecological Layer

Zhang Lei gathered scientists and an engineer team, and set up YeeLab in Singapore. From the point of security and algorithm, he cooperated and researched with Princeton University and the Quantum Control Laboratory of Tsing Hua University, and discussed blockchain’s application in the financial system with regulators like Monetary Authority of Singapore.

Zhang Lei hoped that the research of YeeLab can lower the development threshold and offer the platform, community and basic services. In the bottom layer, YeeChain will improve the security of the infrastructure. On another layer, YeeNet will open up the network ability by using API interfaces, development tools. The top layer has the ecological container which includes IM, wallet, browser, and applet.

YeeCall has more than 400 distributed nodes in the globe to upgrade virtual data and improve the efficiency of gateway and overall operation. It was revealed that in the second half of this year, YeeCall probably will donate the key LGPL to the community to speed up the construction of community.

“Blockchain+” in the International Transfer

As the founder and CEO of YeeCall, Lei naturally considered what blockchain could do to acquire a large number of overseas users for YeeCall.

Yee application, YeeCall is the earliest instant messaging app which support free HD video calling feature that goes global. Lots of immigrants, foreign labors and international students using YeeCall app everyday to stay connected with family and friends abroad or at their home countries. Since 2016, the product has gradually added some social elements. Now, YeeCall app has more than 30 million users from the Middle East, North Africa and Southeast Asia, etc. The average staying time of users is 40 minutes each day.

At the beginning of 2017, having seen the potentials of YeeCall in its user value and social scenario, Ripple found Zhang Lei and hoped to communicate further in terms of the “international transfer system based on the blockchain technology”.

It is estimated by the World Bank that, the scale of global international payment increases by 5% each year with a market scale of $601 billion in 2016. However, the average commission rate of remitters is as high as 7.68%. Can blockchain technology reshape global money transfer and replace Western Union, MoneyGram, SWIFT, and Visa?

Zhang Lei remarked that Yee application YeeCall team will make international transfer the core application scenario of the blockchain technology, and create an IM that is open-ended and supports multiple crypto currencies, gaming, and social features. After one year’s infrastructure construction, the new version of IM is scheduled to be launched in the second quarter of 2018. The business model of YeeCall will transfer from the earlier ad-supported revenue to financial service.

📲 Download to experience the latest version of YeeCall:
Google Play: https://play.google.com/store/apps/details?id=com.yeecall.app
iOS App Store: https://itunes.apple.com/us/app/yeecall-hd-voice-video-call/id852211576

Follow us on Twitter to get the latest updates: https://twitter.com/YeeToken

Check out more details about Yee project, YeeCall, and YEE token at our website and other channels:

Our website: www.yeefoundation.com

Medium: https://medium.com/@yeefoundation

Reddit: https://www.reddit.com/user/yeetoken

Steemit: https://steemit.com/@yeefoundation

[avikz]

We are yet to discover the full potential of blockchain technology. Bitcoin is just one of the applications of blockchain. Due to the uncertain legal status of bitcoin, a lot of companies have not yet ventured into it. But if we see more adoptions this year, I am sure a lot of big corporates will start investing in research activities of blockchain. Once it happens, it will open up a whole new area of opportunities to the world. It's good that Yee CEO have understood it and willing to leverage into this sector. But this is just the tip of the iceberg. I believe, blockchain technology will be effectively used in our daily lives by 2030.

[cliffdex]

The blockchain infrastructure is built among other reasons for data security and speed to support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded. It is now a well needed learning opportunity for everyone that is willing.

[YeeToken]

Yee CEO Zhang Lei’s comment on blockchain indicates that blockchain will be the most promising technology and platform for the upcoming generation. It will not only flourish the technical sector but also the financial market thourgh profitable business

"the most promising technology and platform for the upcoming generation", couldn't agree more. Yee team is still researching and trying to apply the block technology in the real scenarios. Global transfer is what we're focusing on right now. Take a close look at Yee project https://www.yeefoundation.com/.

[entebah]

Blockchain is being studied in my country as a secure technology for election security.
I think this is a good development, the Government has begun to understand the benefits of blockchain technology.

[YeeToken]

Undoubtedly, blockchain will be the most valuable and widely accepted term in next couple of years. No authority is required in this process. All the funtions are done through a distributed process and thus it gains trust of mass people.

True. Take global transfer as an example. The blockchain technology can make the global transfer more fast, secure, convenient, and economic. It is what we're doing. Take a close look at Yee project https://www.yeefoundation.com/home

[Sasuke102001]

We are still learning more about Blockchain technology and maybe we will later be able to see the true potential of blockchain technology. I guess excluding crypto-currency blockchain technology can surely be used effectively in various different situations and due to the anonymity, that blockchain offers it can be of great help in many different fields. Undoubtedly blockchain will be very useful in the future days.

[Tipsters]

Originally written by Hao Fangzhou and published on 36Kr on January 11.
The original article: http://36kr.com/p/5112522.html

Since last weekend, Zhang Lei has not had any real sleep. He first lighted the spark in Xu Xiaoping’s heart unintentionally during a blockchain technology sharing session. Then he received numerous questions after Mr. Xu called for embracing the blockchain revolution. The questions were mainly about how to quickly understand and utilize the blockchain technology.

Yee CEO Zhang Lei is an IT professional who used to work in Baidu and Huawei. He also founded several startups and has rich experience in mobile search and mobile security. He has been researching the blockchain technology since 2012. He found that many people had a strong need to learn the blockchain technology, but they did not know much about how to apply the technology to reality. When he provided the technical support to them, he researched lot of research on current economic system and believed that the blockchain technology would become the next generation infrastructure.

Recently, 36Kr came into contact with Zhang Lei and had a talk about his thought on the blockchain technology which has attracted the attention from the world, how to find the core value of a blockchain project and what Yee team have achieved.

The core value of the blockchain lies in the way of building the consensus

The delivery of the internet information is a top-down one which does not apply to “the scenario in which centralized organizations can be left out”. With the emerging of Bitcoin, value can be decentralized and delivered via the C2C model. Later, Ethereum solved the problem that exists at the infrastructure level. These two aspects enable users to deliver value in a top-down way, which means that users can enjoy benefits while they manage the community.

Take global transfer as an example. In the traditional way, if we want to gain trust from new users, we need to cooperate with large banks or agencies and learn about policies in different countries. This can lead to high costs. Some products try to do C2C exchanges without centralization, but they fail to solve the crisis of consensus and trust.

Distinguish the Authenticity and Make Valuable Investments

In the past year, we have seen so many ICO projects coming out, the chaos they created, and lots of projects dead soon after strict regulations implemented.

Zhang Lei said, to fully understand the project, we could look at the layers of the blockchain separately: the base layer is the blockchain technology, mining machine, and exchange platform; the ecological layer is the development environment (tools like IM, wallet, etc.); and the top layer is the application layer. Of course, each layer is embedded with opportunities, but it also comes with huge bubbles before the industrial revolution starts (just like the earlier internet revolution). Only 1% of the [Suspicious link removed]panies are the great ones with value creation. They will come into being in the future, rather than being involved in the bubbles by the “debris flow” brought by capitalists.

Zhang Lei thought that a valuable project must have technology genes and reserves, and besides, the project must have a solid application scenario and provide excellent user experience. “The user experience of Ripple is quite good. I learned about a European company that utilizes the Internet of Things and the blockchain technology in the renovation of smart door locks. I also learned about a pork traceability project which integrates AI image recognition, the Internet of Things and the blockchain technology.”

What Yee application, YeeCall Really Wants to Do is at the Infrastructure and Ecological Layer

Zhang Lei gathered scientists and an engineer team, and set up YeeLab in Singapore. From the point of security and algorithm, he cooperated and researched with Princeton University and the Quantum Control Laboratory of Tsing Hua University, and discussed blockchain’s application in the financial system with regulators like Monetary Authority of Singapore.

Zhang Lei hoped that the research of YeeLab can lower the development threshold and offer the platform, community and basic services. In the bottom layer, YeeChain will improve the security of the infrastructure. On another layer, YeeNet will open up the network ability by using API interfaces, development tools. The top layer has the ecological container which includes IM, wallet, browser, and applet.

YeeCall has more than 400 distributed nodes in the globe to upgrade virtual data and improve the efficiency of gateway and overall operation. It was revealed that in the second half of this year, YeeCall probably will donate the key LGPL to the community to speed up the construction of community.

“Blockchain+” in the International Transfer

As the founder and CEO of YeeCall, Lei naturally considered what blockchain could do to acquire a large number of overseas users for YeeCall.

Yee application, YeeCall is the earliest instant messaging app which support free HD video calling feature that goes global. Lots of immigrants, foreign labors and international students using YeeCall app everyday to stay connected with family and friends abroad or at their home countries. Since 2016, the product has gradually added some social elements. Now, YeeCall app has more than 30 million users from the Middle East, North Africa and Southeast Asia, etc. The average staying time of users is 40 minutes each day.

At the beginning of 2017, having seen the potentials of YeeCall in its user value and social scenario, Ripple found Zhang Lei and hoped to communicate further in terms of the “international transfer system based on the blockchain technology”.

It is estimated by the World Bank that, the scale of global international payment increases by 5% each year with a market scale of $601 billion in 2016. However, the average commission rate of remitters is as high as 7.68%. Can blockchain technology reshape global money transfer and replace Western Union, MoneyGram, SWIFT, and Visa?

Zhang Lei remarked that Yee application YeeCall team will make international transfer the core application scenario of the blockchain technology, and create an IM that is open-ended and supports multiple crypto currencies, gaming, and social features. After one year’s infrastructure construction, the new version of IM is scheduled to be launched in the second quarter of 2018. The business model of YeeCall will transfer from the earlier ad-supported revenue to financial service.

📲 Download to experience the latest version of YeeCall:
Google Play: https://play.google.com/store/apps/details?id=com.yeecall.app
iOS App Store: https://itunes.apple.com/us/app/yeecall-hd-voice-video-call/id852211576

Follow us on Twitter to get the latest updates: https://twitter.com/YeeToken

Check out more details about Yee project, YeeCall, and YEE token at our website and other channels:

Our website: www.yeefoundation.com

Medium: https://medium.com/@yeefoundation

Reddit: https://www.reddit.com/user/yeetoken

Steemit: https://steemit.com/@yeefoundation

It was just this moment that I've heard about the Yee team. I think they are a very great team because they are composed of IT professionals. I agree that the blockchain technology will be the next generation infrastructure since the process of transfering data is much more safer and much more reliable. I will try to download their application to know their perks.

[btcmegastar]

Blockchain is being studied in my country as a secure technology for election security.
I think this is a good development, the Government has begun to understand the benefits of blockchain technology.

Not only for election sector government is studying to implement in all format of government related project in order to protect themselves. Blockchain Vision is improving day after day with a lot of innovations in the market and many companies are approaching blockchain developments.

[YeeToken]

We are yet to discover the full potential of blockchain technology. Bitcoin is just one of the applications of blockchain. Due to the uncertain legal status of bitcoin, a lot of companies have not yet ventured into it. But if we see more adoptions this year, I am sure a lot of big corporates will start investing in research activities of blockchain. Once it happens, it will open up a whole new area of opportunities to the world. It's good that Yee CEO have understood it and willing to leverage into this sector. But this is just the tip of the iceberg. I believe, blockchain technology will be effectively used in our daily lives by 2030.

Great thought! We're trying to discover more potentials of blockchain technology and build a better future based on it. Yee team welcomes talents and partners. Find out more at our official website https://www.yeefoundation.com/home

[YeeToken]

The blockchain infrastructure is built among other reasons for data security and speed to support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded. It is now a well needed learning opportunity for everyone that is willing.

Right, it is an opportunity for everyone. Yee team welcomes talents and partners. Let's build a better future together. Find out more at our official website https://www.yeefoundation.com/home

[Xester]

With big people like Zhang Lei bitcoin could be more strengthened. Investors are usually looking up for a big figure and they always bite those promising words that those big figures are announcing. Zhang lei efforts could not be felt by us but those around him and his followers are already seeing his words as factual and thus will also engage in bitcoin. With this the increase of people in the bitcoin community could help us make bitcoin market more stronger than ever.

[YeeToken]

Blockchain is being studied in my country as a secure technology for election security.
I think this is a good development, the Government has begun to understand the benefits of blockchain technology.

Good to know! It is very wise of the government in your country to embrace blockchain technology. Hope we can see more governments doing that to bring benefits to the people! Check out our official website if you're interested in Yee project https://www.yeefoundation.com/home

[YeeToken]

Originally written by Hao Fangzhou and published on 36Kr on January 11.
The original article: http://36kr.com/p/5112522.html

Since last weekend, Zhang Lei has not had any real sleep. He first lighted the spark in Xu Xiaoping’s heart unintentionally during a blockchain technology sharing session. Then he received numerous questions after Mr. Xu called for embracing the blockchain revolution. The questions were mainly about how to quickly understand and utilize the blockchain technology.

Yee CEO Zhang Lei is an IT professional who used to work in Baidu and Huawei. He also founded several startups and has rich experience in mobile search and mobile security. He has been researching the blockchain technology since 2012. He found that many people had a strong need to learn the blockchain technology, but they did not know much about how to apply the technology to reality. When he provided the technical support to them, he researched lot of research on current economic system and believed that the blockchain technology would become the next generation infrastructure.

Recently, 36Kr came into contact with Zhang Lei and had a talk about his thought on the blockchain technology which has attracted the attention from the world, how to find the core value of a blockchain project and what Yee team have achieved.

The core value of the blockchain lies in the way of building the consensus

The delivery of the internet information is a top-down one which does not apply to “the scenario in which centralized organizations can be left out”. With the emerging of Bitcoin, value can be decentralized and delivered via the C2C model. Later, Ethereum solved the problem that exists at the infrastructure level. These two aspects enable users to deliver value in a top-down way, which means that users can enjoy benefits while they manage the community.

Take global transfer as an example. In the traditional way, if we want to gain trust from new users, we need to cooperate with large banks or agencies and learn about policies in different countries. This can lead to high costs. Some products try to do C2C exchanges without centralization, but they fail to solve the crisis of consensus and trust.

Distinguish the Authenticity and Make Valuable Investments

In the past year, we have seen so many ICO projects coming out, the chaos they created, and lots of projects dead soon after strict regulations implemented.

Zhang Lei said, to fully understand the project, we could look at the layers of the blockchain separately: the base layer is the blockchain technology, mining machine, and exchange platform; the ecological layer is the development environment (tools like IM, wallet, etc.); and the top layer is the application layer. Of course, each layer is embedded with opportunities, but it also comes with huge bubbles before the industrial revolution starts (just like the earlier internet revolution). Only 1% of the [Suspicious link removed]panies are the great ones with value creation. They will come into being in the future, rather than being involved in the bubbles by the “debris flow” brought by capitalists.

Zhang Lei thought that a valuable project must have technology genes and reserves, and besides, the project must have a solid application scenario and provide excellent user experience. “The user experience of Ripple is quite good. I learned about a European company that utilizes the Internet of Things and the blockchain technology in the renovation of smart door locks. I also learned about a pork traceability project which integrates AI image recognition, the Internet of Things and the blockchain technology.”

What Yee application, YeeCall Really Wants to Do is at the Infrastructure and Ecological Layer

Zhang Lei gathered scientists and an engineer team, and set up YeeLab in Singapore. From the point of security and algorithm, he cooperated and researched with Princeton University and the Quantum Control Laboratory of Tsing Hua University, and discussed blockchain’s application in the financial system with regulators like Monetary Authority of Singapore.

Zhang Lei hoped that the research of YeeLab can lower the development threshold and offer the platform, community and basic services. In the bottom layer, YeeChain will improve the security of the infrastructure. On another layer, YeeNet will open up the network ability by using API interfaces, development tools. The top layer has the ecological container which includes IM, wallet, browser, and applet.

YeeCall has more than 400 distributed nodes in the globe to upgrade virtual data and improve the efficiency of gateway and overall operation. It was revealed that in the second half of this year, YeeCall probably will donate the key LGPL to the community to speed up the construction of community.

“Blockchain+” in the International Transfer

As the founder and CEO of YeeCall, Lei naturally considered what blockchain could do to acquire a large number of overseas users for YeeCall.

Yee application, YeeCall is the earliest instant messaging app which support free HD video calling feature that goes global. Lots of immigrants, foreign labors and international students using YeeCall app everyday to stay connected with family and friends abroad or at their home countries. Since 2016, the product has gradually added some social elements. Now, YeeCall app has more than 30 million users from the Middle East, North Africa and Southeast Asia, etc. The average staying time of users is 40 minutes each day.

At the beginning of 2017, having seen the potentials of YeeCall in its user value and social scenario, Ripple found Zhang Lei and hoped to communicate further in terms of the “international transfer system based on the blockchain technology”.

It is estimated by the World Bank that, the scale of global international payment increases by 5% each year with a market scale of $601 billion in 2016. However, the average commission rate of remitters is as high as 7.68%. Can blockchain technology reshape global money transfer and replace Western Union, MoneyGram, SWIFT, and Visa?

Zhang Lei remarked that Yee application YeeCall team will make international transfer the core application scenario of the blockchain technology, and create an IM that is open-ended and supports multiple crypto currencies, gaming, and social features. After one year’s infrastructure construction, the new version of IM is scheduled to be launched in the second quarter of 2018. The business model of YeeCall will transfer from the earlier ad-supported revenue to financial service.

📲 Download to experience the latest version of YeeCall:
Google Play: https://play.google.com/store/apps/details?id=com.yeecall.app
iOS App Store: https://itunes.apple.com/us/app/yeecall-hd-voice-video-call/id852211576

Follow us on Twitter to get the latest updates: https://twitter.com/YeeToken

Check out more details about Yee project, YeeCall, and YEE token at our website and other channels:

Our website: www.yeefoundation.com

Medium: https://medium.com/@yeefoundation

Reddit: https://www.reddit.com/user/yeetoken

Steemit: https://steemit.com/@yeefoundation

It was just this moment that I've heard about the Yee team. I think they are a very great team because they are composed of IT professionals. I agree that the blockchain technology will be the next generation infrastructure since the process of transfering data is much more safer and much more reliable. I will try to download their application to know their perks.

Thanks so much for your support. You can find more information at our official website https://www.yeefoundation.com/. Download YeeCall and have a try http://www.yeecall.com/

[YeeToken]

Blockchain is being studied in my country as a secure technology for election security.
I think this is a good development, the Government has begun to understand the benefits of blockchain technology.

Not only for election sector government is studying to implement in all format of government related project in order to protect themselves. Blockchain Vision is improving day after day with a lot of innovations in the market and many companies are approaching blockchain developments.

Glad to know that. Blockchain technology could help to solve a lot of problems, and it is also a huge opportunity to enterprises. Yee team embraces this opportunity and will try hard to deliver the best platform and applications. Visit our official website and get to know Yee project https://www.yeefoundation.com/

[Aleshia696]

There’s no denying that Blockchain is the future technology. It possesses lots of possibilities. It will cover many helpful aspects to make the world a better place. Thanks for sharing.

[Doge dealer]

what has been driving the bitcoin resurgence is the technology on which it is based ......blockchain .This technology has been adopted by a number of financial institutions that have eighter begun development of their own blockchain technology or are in the process of doing so . The report released by US congress on bitcoins also had high praises for the blockchain tech and also made particular note of its use in the food industry where they had developed a blockchain mechanism to track ecol i which is a food borne bacteria , normally when there was a out break it would take them approximately 7 days to trace its origin however they have developed a blockchain that is now able to solve that issue in 0.22 seconds.

[onnz423]

Isn't he just stating the obvious, it has been said many times that blockchain is the future of infrastructure, that most applications will be decentralized, that we'll have decentralized governments and countries, and yet no single blockchain is capable of these features. There's a lot of work to be done, the first step is moving away from ETH.

[YeeToken]

Check out the latest update on Yee project
Yee Project Weekly Update 2018/03/24–2018/03/30
https://bitcointalk.org/index.php?topic=3239468.msg33736723#msg33736723

[YeeToken]

Announcing YeeWallet: the Cryptocurrency Wallet Built in Yee Application YeeCall
Check out details about what is YeeWallet and how to use it:
https://bitcointalk.org/index.php?topic=3281104.msg34205083#msg34205083