1) Davinci Project Background
Korean pop culture has gone viral in Asia since the introduction of Korean dramas to China in 1996 and the spread of Korean pop songs.
Rapid cultural expansion in China and Taiwan naturally coined the term “Korean Wave.” The Korean Wave has not only landed in China, but also propagated several countries including Taiwan, Hong Kong, Vietnam, Thailand, Indonesia, Philippines, and etc.
Especially after 2002, Korean products such as food and electronic devices are largely preferred along with cultural media like drama, music, and movie. This cultural trends, in a comprehensive sense, refers to hanryu, the Korean Wave.
After 2016, Korean wave became one of the biggest contents in China and achieved great success in overseas markets. However, installation of Terminal High Altitude Area Defense (THAAD) caused the decrease in exchange between Korea and China and negatively affected Korean Wave as well.
According to trade statistic in 2017, the proportion of the trade with China accounted over 20 percent (24.8% for export, 20.5% for import) of total Korea trade, which ranked as the first in both exports and imports. China imported 9.9 percent of its total trade from Republic of Korea, which ranked as first surpassing Japan. Korea is also placed as a 4th in China’s export by covering 4.3 percent of the total.
Compared to the trade growth prior to 2017, the large scale of the China-Korea trade has noticeably diminished. Unexpected diplomatic issues have negatively affected the inter-country exchanges between Korea and China, and public demands for the resolution at the civilian level have been raised accordingly. Therefore, beyond diplomatic barriers, companies of China and Korea have decided to join forces to find solutions in cultural sector. The Davinci Project was initiated to promote non-governmental exchanges between Korea and China through the blockchain technology of Korea, an IT powerhouse.
2) 1) Next generation Blockchain technology using artificial intelligence, DAI
Davinci Blockchain Architecture
Davinci chain will support 1000TPS in POS and will use parallel processing method by using artificial intelligence based on multithread. Raiden network, plasma, and sharding are applied to improve processing speed. Zilliqa has applied sharding, and I aware that there are one and two platform coins are in preparation for the launch that uses off-chain technology such as the Raiden network. Currently, Ethereum is also developing for Casper, Plasma, and Sharding, and the Davinci chain is under development as well.
Davinci mainnet will combine the three methods to enhance the speed.
1) Raiden Network
Raiden Network minimizes block-chain records and saves commissions through off-chain method, which does not record intermediate transactions between opening and closing payment channels.
Since the Raiden Network does not wait for a block transaction, the approval is fast. We plan to apply it to highly reliable networks, which refer to network of nodes that verify data.
Plasma
Plasma is a technology that minimizes the recording of a block chain through a subchain in case of Leiden utilizes off-chain through the channel opening and closing process.
Currently, DApp records all data in the Ethernet block chain (Main-chain). This causes speed problems and creates unpreferable conditions such as block size problems and increase of gas consumption due to data volume.
Sharding
‘Shard + ing’ means to shred data. In the conventional method, if all of the processing data have 1 to 10000 pieces of data, sharing stores 1 to 10000 pieces. The result is that the nodes are lighter and the transaction processing speed is improved significantly. In addition, plasma technology that utilizes subchain to minimize the recordings stored in the main chain is expected to be 100 times faster, which resulted in raising Ethereum’s operating speed by 10,000 times faster than current. The problem is the forgery and falsification of data. Vitalik Buterin referred Sharding to an island. A new algorithm is required for each of these islands to be compatible.
3) Roadmap
Davinci Roadmap
2017 Q4:
Chinese-Korean Businessmen’s Association for Cultural Exchange
Signed MOU by Korea-China Private Sector Exchange
2018 Q1
Establishment of Singapore Funds Association
Generation of ERC20 Token: Davinci Project
Started Development of main chain
2018 Q2
Scout senior advisors and key advisors
Promotion of private equity fund
2018 Q3
Dchain mainnet (first block)
Open of cellphone wallet
Open of Davinci platform beta version
2018 Q4
Release of Davinci Platform 1.0
Completion of main chain development
Signed contract with big companies
2019 Q1
Completion of blockchain ecosystem
Advanced to the world and activate Davinci chain
4) 1) Listed exchanges
HUOBI
HADAX VOTE
Da Vinci (DAC) is listed on May 29, 2008, with a total of 485.36 million votes in the HADAX poll. There has been a change in the process of listing from HADAX to Huobi, and project listed on the Hadax does not led to a provisional Huobi listing. However, the Davinci Foundation is actively pursuing the issue of listing.
Davinci (DAC) expansion through cooperation with domestic and foreign companies, its role as a platform coin, and listing plans are in preparation. I do not doubt that improvement in usability through collaboration with many companies and constant listing on a well-known exchange will positively affect on the price. However, no one can ensure the price and please do not be deceived by misguided information.
FCOIN — GPM
FCOIN Exchange — GPM
Currently, review process of listing on FCOIN Exchange is passed, so DAC is on the way to be listed. Furthermore, the exchanges that are scheduled to be listed and the information of listing will be release to the public with the finalization of listing process.
5) DAVINCI Partners
-MOU with domestic and foreign companies
Davinci & mgame MOU
Cooperation with domestic and foreign companies has already been reported.
News regarding Autohub, Onnuri H&C, Mgame are available and we will continue to update our partners.
-Chinese companies Davinci support videos
Davinci project support video from Xun Wenjao, Chairman of Shanghai Industry Association
https://youtu.be/Tmr1nhPU8CkDavinci project support video from Jiangxichun yuan Green food
https://youtu.be/yJzxvnfq0lgJiangxichun yuan Green food is Jiangxicheng has capital of 10miilion and 86th largest food company in Jiangxi Province in China.
Davinci project support video from Wang Minxin- Vice Chairman of Liaoning Private Enterprise Association
https://youtu.be/H1tlTPCUZesEstablished in 1997, the Liaoning Provincial Private Enterprise Association protects the interests of enterprises in Liaoning. It is established for the development of private companies, which has about 8500 member companies.
Davinci project support video from Chairman of the board of directors of Liaoning Runhui Group.
https://youtu.be/QDjtyGZjWUQDavinci project support video from Chairman of the board of directors of Liaoning Runhui Group.
Davinci project support video from Liu Yi, Chairman of Yuanxa Corporation
https://youtu.be/wy1fpgM34TMYuandan company is an internet company that operates the largest market platform in China. It has millions of members, over 50 subsidiaries in China and Hong Kong, and is currently preparing to establish a corporation in Korea.
Davinci Official Website:
https://www.davinci.vision/ Davinci Official Telegram Channel:
https://t.me/davincifoundationDavinci Official Telegram Room:
https://t.me/Davinci_EN
