Dr. Peter Yan on SmartMesh’s decentralized network in Asia

0:00I'm Ashton Addison from event change audio for investmentpitch media and FinTech news network today on blockchain interviews we have dr. Peter Yin from smart mesh thank you so much for being on the show today Asian so can you please tell us what is the smart mesh project and how is it making a difference in the world yes so the smart mesh project is all about

0:25partnering with other companies and also with everyday people in order to bring about a sustainable infrastructure for all peoples the statistics for the number of people without access to affordable internet and banking services electricity and water is staggering oh but I just want to first tell a story well before I get into the statistics because statistics are just I mean the

0:49numbers are just too huge so a couple years ago I was in Peru and we went on the tourists basically a tour group and we saw all of the sites you know might repeat you and so on but we also visited a school in the rural areas in the rural areas this was a new elementary school which was supposed to be you know state-of-the-art is basically the best school that was there and I expected to

1:11see computers you know and you know niceness books and so on but what I actually saw was just a blackboard you know a few chairs a small room where hundreds of kids oh you know elementary students were going to you know the school and they had to walk one to two hours to get there in so these kids they had no internet right and just think about how you know the gap between what

1:38we have in in developed countries versus what they're having and what they're dealing with in terms of you know the inequalities that exist globally four billion people do not have access to Internet so that was just one example also in terms of financial services there is a saw in Peru the unemployment rate is officially just you know in the single digits so it's not

2:02very high but unofficially about a quarter of the people or basically unemployed I mean they basically have their own companies they're not really companies for the they're basically the own business I mean they're entrepreneurs they make things they make crafts you know cook foods and then they sell them anywhere they can so it's they don't pay taxes

2:23they're they don't have a bank and for various reasons they don't have a bank if they make any money then they just spend it immediately because they're afraid that they're gonna get robbed and so in globally two billion people two billion people do not have access to banking services which is a staggering number there's also a billion people without access to electricity and about

2:48700 million without access to clean water um so these are staggering numbers of smart mesh is partnering with other companies to help with in terms of FinTech in terms of communications in terms of Internet services and all explain more about that later in terms of how we plan to help people and and also partner with the people not only on that we're providing a solution for them

3:10but their help helping us as well to promote to basically to bring about this infrastructure that's great to hear I know the internet problem is a major problem you know worldwide but to hear that smart mesh is actually reaching out for those other essential services that many people need before they can even think about getting access to Internet is just

3:33it's very astounding to hear so that's great Peter so how long have you been involved in a smart nurse project so I started working with smart mesh and also this nish box so I'm basically on with both companies and I've been with them since the beginning of this year but Henry Wong this the CEO of a smart mesh I've known him for 15 years we went to college together we actually were in a

3:57start-up after college we are in the startup together making system on ships for telecom or switch fabrics for um routers Internet routers and so I've known Henry for a long time um and we're I'm happy to be able to work with him again that's great to hear I've spoken with Henry long a few times and he's a very noble man so it's great to hear that you've had that such a long

4:23friendship so can you speak a little bit about the smart mesh community I knew you guys a really large community over Asia are you guys planning on expanding out or what does that look like in your eyes yes so Soares is is a you know it's not really about competition we really want to reach out and we want to work with other companies in the space and also

4:45work with people you know as I said before a smart mesh and then I mentioned mesh box so mesh box is another company which is tightly integrated with smart mesh and they make routers Internet routers which are mesh networks so in mesh others based on Wi-Fi and so they provide Hardware smart meshes doing blockchain and also applications on the cell phone and so we partner together

5:11and also we work with another company which is doing it so mesh box is doing an indoor mesh router and then we partnered with a company based in Chicago in the US which is making an outdoor version so the output version has a built in battery it has solar panels and so it's basically self-sustaining it can be you know it runs for with 0.3% downtime know

5:36throughout the whole year based on certain weather patterns so we work with them we also have a organization called Universal connectivity and consensus organization and this is where we bring in several companies which are basically the top tier right there that there are very advanced state of the art companies and they provide solutions such as security we have a company that's doing

6:00quantum encryption also AI and so we bring in also transactive energy is another part which helps to address the energy problem the lack of electricity that people have of so smart mesh itself is doing it's basically has a blockchain called spectrum it also has a photon secondary network which is similar to lightning or Raiden and that provides very fast payments we optimize spectrum

6:29and photon to work on top of mesh box so the communications in terms of Wi-Fi routing and mesh routing is is enabled basically it also is come and optimize with our blockchain so we have the world's first Wi-Fi rather measure other system with blockchain on top of it it's very interesting it's it's also interesting to note that you guys are reaching out into the USA and

6:57partnering there to manufacture the indoor routers so sorry in the US is outdoor brothers ok door rotors yes so where do you guys plan on mainly deploying these and where they needed most in the world and you guys are based in Asia but is it North America or Africa and where are you guys starting yes so we're focus were initially focused on Asia because it's just closer

7:23to China which is where most of our engineers are so we're looking for instance countries like Philippines Singapore on Vietnam so Southeast Asia but we also have people one of our VPS is in Dublin in the UK area and so in Ireland and so we will have activities in Europe honest many of our you see CEO companies Universal connectivity and

7:50consensus organization they shouldn't companies are in the US about half of them are in the US and so the u.s. is definitely a part of our strategy of we will be integrating the technology of you see CEO into the hardware and then also and then basically are promoting that within you know within the US and also South America in terms of Argentina we have some we have a one of our

8:16partner companies is in it's in Argentina well that's great to hear you're touching South America as well yes so you did mention previously that it's the first router network to include blockchain into it as well so I'm guessing that you guys also have incorporated cryptocurrency maybe you could touch on if you guys have done tokenization and how that benefits the

8:38ecosystem yes so smart Mich has a token called smart mesh token currently it's a aetherium ERC 20 token but in a couple of weeks it will be it will become a coin on the spectrum blockchain and so we'll be able to trade a coin in any it will also in spectrum also supports other ERC 20 tokens but it will use the SMT coin as as the gas also we

9:10have another token called a smart mesh token which is a TRC 20 token and the mesh token is a is for for the mesh box for storage so if when people buy a mesh box and so this is what's so exciting about the mesh box is that it's a is a grassroots network in which people can buy a mesh box and they can earn tokens right they they buy a mesh box that connected to other mesh boxes you know

9:39from their neighbors and then people who use anyone who uses the network for communications they can earn smart mesh tokens on that and then also anyone who uses we have a disk drive built in into the router as well um so it's we can support up to a terabyte terabyte disk drive and so anyone who uses that this drives within the individual routers and

10:04also earned mesh tokens okay so we have two tokens and then our partner you see Co companies they have their own tokens which will be also supported we will wrap all of this up within in that architecture called atmosphere which is a cross chain architecture or linking various tokens and various block chains together wow that sounds really intricate and I like the sounds of

10:28hosting a router and sharing Internet essentially you've incentivized people to bring Internet to other people and be rewarded for that right yes and so this is where the partnership comes in where we partner with everyday people and the people can become their own ISP right they can run a an entrepreneurial company which is basically their own their own you know by buying a mesh box

10:54or several mesh boxes and connecting up with their neighbors they can form on a network and they can basically earn money and basically go into business for themselves and this is how they can not only access the internet and provide financial services within a community but then they can also earn and make a living do this do this activity that's great to hear

11:18so you guys have a lot on your plate it sounds like what are the plans for the next six months and what you hope to achieve with smart mesh yeah all right yeah the next six months definitely very busy you know the first it's only been about almost a year since we started so it has been you know it's been crazy but the next six months we will have many milestones that we all

11:42achieve including the coin so we have a smart mesh smt coin which will be running on spectrum images of blockchain we also have the photon secondary architecture which will be it's optimized to run on the mesh box network and so we will be able to make micro payments very quickly and scale up to hundreds of thousands millions of transactions per second so very high

12:09transaction throughput whereas spectrum is is like similar like etherium it cannot support very high up TPS so we will be launching mesh box and also mesh box plus plus some mesh box is the indoor rather and the mesh box plus plus this is the outdoor the plus plus is because of a mesh plus plus which is a partner company in the US and so these two will be optimized these two the work

12:36seamlessly together so will have basically indoor and outdoor working seamlessly together which means that you can go from indoors outdoors within a very large area we can cover kilometers ends of kilometres of area because we can support hundreds of mesh routers you know you can by measure others for your house which support maybe two or three but in our architecture we can support

12:57hundreds of these so we can form a very large network in a seamless connection between indoor and outdoor so that's one aspect the other one is the e-commerce so we have a smart mesh app and we have that already so that will enable micro payments and peer-to-peer payments of between users in being routed through the mesh box network also we're working

13:21on a version of plasma which we call smart plasma in smart plasma is a way that etherium uses to scale to computations if scales smart contract throughput without burdening the the main block chain which is spectrum for us and in this you know there's various other works that we're doing with our ECC you see Co companies and so that's that's

13:50there will be announced in the future well I'm really excited to see the fruition of all of those interesting innovations so I also saw in the next coming months in October smart mesh is speaking at the blockchain Fair Asia conference do events like these help smart mesh grow the community and what's the message that you're trying to spread at the conference yes

14:15oh so we've been very active in conferences and you know for instance um thank you very much for your support and fear with this with this video here in this interview with FinTech news network we also have in the past recently we did a you know we participated in a global inclusive conference in Singapore will be launched in the mesh box also Philippines and Vietnam recently so it's

14:41it's been very helpful we've got another great deal of interest on there many people many companies interested in in our what we have to offer and so yeah it's it's it's been great so far that's great to hear dr. Peter yan with smart mesh it's been a pleasure speaking with you I'd love to know and the viewers would love to know where can they find more information and follow the smart

15:03mesh project yes so I see at the bottom so www.a Saul so a mesh box Network and then you can help by you know we welcome developers to join or on we have a github so we welcome developers to join to help us out in this endeavor also we have if anyone wants to invest we have SMT which is

15:30currently traded on for B in Gator oh the mesh token traded on F coin and also hit BTC so right now it's kind of low it's a you know the markets not really good it's kind of a bear market for cryptocurrencies but now is a really good time to get in you know buy low and the value will increase in your future that's great thank you so much Peter

15:57it's been a pleasure speaking with you alright thank you very much Ashton thanks for your time thank you