AMA - SCO Lab Interviews BBAI Recap
BBAI-Simplifying Asset Allocation for Enterprises

AMA - SCO Lab Interviews BBAI Recap

By NULS | Nuls | 2 May 2020


Guest: Dr. Cao, Director of Intelligent Business Engineering and Blockchain Research Center, Guangdong Science and Technology Department
Host: Reaper, NULS co-founder, community councilor & SCOLab founder

Reaper:
Hello everyone, I am Reaper, co-founder and community councilor of NULS. 
 
It’s been some time since I last shared a SCO project with everyone. SCO is a staking model that coexists with the community, so you can see that many partners have participated in SCO when the economic market is so depressed.
 
Today I will host an AMA for the project. Firstly, I’ll invite today’s guest,Dr. Cao, Director of Intelligent Business Engineering and Blockchain Research Center, Guangdong Science and Technology Department
 
Welcome, Dr. Cao. Can you introduce yourself first?
 
Dr. Cao:
Everyone calls me Dr. Cao. I’m the initiator of the BBAI chain business international business alliance chain, the director of the Blockchain Research Center of Guangdong University of Finance and Economics currently.
 
Reaper:
Okay, let’s start the official part of AMA today.
Question 1: Can you briefly introduce BBAI?
 
Dr. Cao:
BBAI is a chain that can help companies and alliances deploy and create business value chains. We have created various enterprise blockchain applications, including equity (virtual equity), distributed file storage, confirmation of rights, points application and exchange interface, digital asset circulation transactions, and equity DAPP. At the same time, we have also launched several presidential classes of the blockchain business model in the Blockchain Research Center of Guangdong University of Finance and Economics, to teach traditional enterprises how to apply and use these blockchain applications. to build the equity ecology, the application of points, the application for confirmation of rights, etc,, with a focus on landing applications.
 
Reaper:
Question 2: How is the progress of BBAI? Are there any products available?
 
Dr. Cao:
At present, we have launched a domestic version of the new retail platform for equity partners, which has already begun operations. Abroad, we are also preparing to release the equity DAPP. Currently, we are testing internally our distributed file storage and authorization application. Some exchanges have reached out to discuss listing and related cooperation. As long as it is an enterprise application on our platform, if they want to expand to overseas markets, they can be recommended to these trading platforms. The point is that we want to help them use our equity business model to create valuable digital assets.

Reaper:
Question 3: Can you share the development roadmap of BBAI with us?
 
Dr. Cao:
BBAI is preparing to complete the rollout of 50 nodes this year. At the same time, we launched our equity application, incubating at least 20 domestic and foreign companies to land. These applications are expected to generate at least 100-200 million transactions. At the same time, at least 500 alliance members can be nurtured. It will be doubled in the future. What we want to build is to create a chain of endorsement of digital assets with truly valuable equity, rather than a chain of short-term value based on coin. This year, we will also consider listing BBAI to the largest ACE exchange in Taiwan.
 
Reaper:
Question 4: What is the specific role of BBAI? How do users participate in SCO?
 
Dr. Cao:
BBAI’s COIN can currently be used for our node. At the same time, we can use BBAI to participate in our membership and obtain the rights of our equity partners in the new retail platform. The endorsement of the university. At the same time, we can participate in our POCM platform and participate in some projects of our enterprise.

Reaper:
Question 5: Why does BBAI use the same POC credit consensus mechanism as NULS?
 
Dr. Cao:
We divide the country into provinces, cities, etc. Therefore, we feel that NULS’s original POC mechanism is very suitable for us to develop provincial branches, distributors, etc. Let them all achieve a true win-win situation in the process of promoting our applications and training. This mechanism is easier for everyone to understand and does not require complicated hardware, so it is very suitable for our current business model.
 
Reaper:
Question 6: BBAI is built with the NULS underlying framework. What do you think are ecologically mutually beneficial?
 
Dr. Cao:
BBAI is focused on providing enterprise applications. NULS is an open source platform that has many applications and is going in the direction of DEFI, , so I believe this is a good combination. At the same time, it allows our enterprises to use the ecology of NULS, which can help them get started faster and obtain greater benefits in the blockchain business. In the process, NULS will have a more complete corporate ecology.
 
Reaper:
The questions I prepared for AMA have been asked today. Thank you very much Dr. Cao for bringing you BBAI introduction and wonderful sharing. Finally, please let me make an advertisement.

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