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March 12, 2020

Stratis Monthly #12

Stratis has started the year strong, engaging with several Enterprise organizations to demonstrate the power of the Stratis Platform and the benefits blockchain can bring into their traditional practices.
Interest in Blockchain Technology and adoption has shown an increase, this is evidenced by 61% of C-Level Executives at Enterprise Organizations having Blockchain as a high priority for their digital transformation. It is also evident in the market with conversations that we are having with potential partners, the knowledge of the technology is in line with the forecasted trajectory.
With Supply Chain being one of the very first enterprise use-cases for Blockchain, Stratis’ Business Development Team had a productive meeting with one of the world’s largest logistic companies. This meet enabled Stratis to both highlight and demonstrate the inherent benefits of Blockchain Technology, specifically when it came to the transportation of products sensitive to temperature fluctuation.
Engagements such as these enable Stratis to both exhibit our platform and engage further to develop and deploy Proof-of-Concepts within the respective businesses to truly highlight the efficiencies blockchain can bring to traditional processes.

Stratis in the News

A recent interview with both Stratis Founder and CEO, Chris Trew and Triad Group Plc’s Managing Director, Adrian Leer was undertaken by AIThority.
The interviews touched on where Blockchain industry is heading, within the Enterprise IT environments and what other emerging technologies and start-ups are of interest.
Click the images below to read the interviews in full.

Additional Trading Pairs

Additional trading pairs were added to the Binance Exchange, providing more options to acquire the Stratis Token. Stratis now holds trading pairs with BUSD, USDT, BTC and ETH.

Stratis Core 2.0 RC2

The latest iteration of Stratis Core has been in testing with the community for just under a month now. A final Release Candidate of the Stratis Core 2.0 Wallet is now available for the Community to install and utilise. We envision that this will be the final Release Candidate prior to general release, more importantly, the adoption of this instance of Stratis Core will signal for the activation of Cold-Staking.
Links to download Stratis Core 2.0 RC2 can be found below on our GitHub Releases page.
https://github.com/stratisproject/StratisCore/releases/tag/2.0.0.0-RC2

February 6, 2020

Stratis Monthly #11

In this bumper issue of the Stratis monthly, we review our progress over December and January. As 2019 came to a close, we announced the launch of our STO Platform and the Stratis Mobile Wallet.
This momentum has continued into the new year with the announcement of a framework partnership with Triad Group – a major milestone for our corporate development – and the conclusion of the Stratis Smart Contracts Challenge.
If that wasn’t enough, we also have another development update in this issue, so get yourself comfortable, ready to enjoy this double monthly update.

Development update

Over the past months, development has focused primarily on ensuring that the platform is wholly ready for business adoption. This includes significant testing of components that will be critical within specific use-cases.
As part of this development, a new product has also been introduced, demonstrating how the Stratis Platform can cater for the supply chain use-cases. Stratis’ supply chain solution is a showcase that will be utilised to highlight how blockchain solutions can bring huge benefits to all parties within a traditional supply chain.

Roadmap Update

Following on from an update that was provided in November, an update on the outstanding roadmap items can be found below.

Proof-of-Stake Sidechains

We will continue to focus on our existing sidechain implementation utilising the proof-of-authority consensus algorithm, this is primarily due to the level of decentralisation that is achieved through the utilised on-boarding process.
With the inclusion of dynamic membership, we can ensure that there is a diverse range of MasterNode operators providing the block production and transaction validation for individuals and organisations utilising Smart Contracts on a public chain.
This allows the current modal to scale and provide a high level of decentralisation and trust for both current and future sidechains.

Stratis Core 2.0

Stratis Core has undergone a facelift to improve the user experience and provide a template to incorporate new and exciting features. The pre-release will be available next week for a round of community testing!

Unity SDK

The Unity SDK and other technologies within the .NET Family are a significant focus for Stratis in 2020. Integration within the Unity development focus will continue to be a focal point for further development.
Expected: Q3

Breeze with Privacy Protocol

As mentioned in our previous update, the implementation of the Privacy Protocol for the Stratis network is reliant upon the successful integration and activation of SegWit. Development for SegWit is now code-complete, however, a significant amount of testing is required to ensure there is no unexpected behaviour introduced.
Unfortunately, this isn’t a quick process and requires some of the best minds at Stratis to ensure a wide variety of edge cases are assessed within a heterogeneous environment.
In addition, we are also exploring the option of activating SegWit on the Cirrus Sidechain to accelerate the process of activation on Stratis.
Expected: Q3

Stratis launches Security Token Offering platform

December saw Stratis take a great step forward with the launch of the STO platform, one of our key development roadmap milestones. We worked closely with clients to ensure the STO Platform is compliant with Securities and Exchange Commission (SEC) regulations, which enables businesses to raise capital by issuing legally permissible, asset-backed securities on the Stratis blockchain.
The response to the launch of the STO platform has been very encouraging and has already generated a great amount of interest in the community and from businesses.

Partnership with Triad

To kick off 2020, we were delighted to sign an agreement with Triad Group, a leading UK provider of IT consultancy services and technology solutions. Triad is an established name in the digital consultancy sector and works with many prestigious clients across the public, private and not-for-profit sectors. We will work closely with Triad to identify where their clients would benefit from blockchain and then help them build business-specific applications on our flexible, easy-to-use platform.
Our first collaborative project is the development of a blockchain-based, end-to-end parcel tracking application, which had originally been designed by Triad on the Ethereum platform and has already been ported across to the Stratis platform.
Matthew Tallamy, Senior Consultant at Triad, has published two blogposts on his experience working with blockchain and why they chose Stratis. Parts one and two of the series can be viewed on LinkedIn.
The collaboration with Triad was many months in the making and is a significant endorsement of Stratis that will open new doors to multiple organisations and businesses. We look forward to a long and fruitful relationship.

Winners of the Stratis Hackathon announced

The Stratis Hackathon was a huge success with nearly 200 developers registering to take part. The high standard and variety of entries was exceptional, making the judging panel’s job a very difficult one! After much deliberation, the judges revealed the top three winners, which are:

  1. US$10,000 First Place: Cirrus Swap by Tyler Pena. The Cirrus Swap decentralised exchange application allows users to hold their own tokens and settle trades on Stratis’ Cirrus Sidechain. As more SRC-20 tokens join the Cirrus Sidechain, the application will make it easier for users to exchange tokens on chain in a decentralised manner, as opposed to utilising traditional methods like cryptocurrency exchanges.
  2. US$5,000 Second Place: Wheelgame by Sergey Ankarenko. In this gambling web application, players log in with a decentralised, arbitrary private key to making it impossible for participants to cheat or gain an illegal advantage.
  3. US$3,000 Third Place: Stratis Signature by Divyang Desai. The Stratis Signature web application allows multiple users to securely create, sign and verify documents which enhances integrity and transparency.

We would like to congratulate all of our winners and thank all participants that submitted entries. We look forward to many more hackathons in the future.

Stratis in the news

It has been great to see all the recent progress at Stratis recognised in the media across many outlets from global newswire Reuters, European publication Government Europa, to several crypto press outlets. This will only continue as we add further functionality to the Stratis platform and win new business.

January 20, 2020

Stratis Smart Contract Challenge

Attracting nearly 200 participants and 13 high-quality submissions, the online hackathon produced a range of smart contract applications spanning finance, law, identity, trade, supply chain, charity, healthcare and gaming.

US$10,000 First Place: Cirrus Swap

Tyler Pena took the first-place prize of US$10,000 for his Cirrus Swap decentralised exchange application which allows users to hold their own tokens and settle trades on Stratis’ Cirrus Sidechain.
Cirrus Swap is a set of four contracts – BuyOrder, SellOrder, Orders, and JsonConfig – working together with a User Interface (UI) to create a clean user experience for trading SRC-20 for CRS tokens. It means that users only need to open the Cirrus Swap UI and Cirrus Core wallet to immediately begin trading.
As more SRC-20 tokens join the Cirrus Sidechain, for example MEDI, the application will make it easier for users to exchange tokens on chain in a decentralised manner, as opposed to utilising traditional methods like cryptocurrency exchanges. This added functionality will improve liquidity on the Cirrus Sidechain and help the token economy to thrive.
Cirrus Swap demonstrated a proven use case that provides millions in daily value right now. Cirrus Swap’s UI not only works but is aesthetic and intuitive. The contract code is clean, well-tested, and integrates with existing Cirrus contract standards. The project has even put effort into branding – Cirrus Swap could feasibly be a real product with a full team behind it.

US$5,000 Second Place: Wheelgame

This gambling web application was designed by Sergey Ankarenko. Based on a standard multi-player bidding game, players log in with a decentralised, arbitrary private key to make it impossible for participants to cheat or gain an illegal advantage. The ultimate vision behind the application is that it could be extended across the gaming sector, including online casinos.

US$3,000 Third Place: Stratis Signature

This web application for digital signatures was created by Divyang Desai. It allows multiple users to securely create, sign and verify documents. This enhances integrity and transparency, making it perfect for use by enterprises in law, invoicing, resource management, operations and finance.
The judges also commended other notable submissions including the Sale Deed Registry, Passport Agency Office (passport application/renewal), and TrustEvent (decentralised event ticketing system).

Chris Trew, CEO and Founder of Stratis, said: “We would like to congratulate all of the entries in our Smart Contracts Challenge, especially the top three winners. The number of high-quality submissions was extremely impressive and highlights the functionality possible on the Stratis Platform as well as the enterprise and government applications that can be built using Stratis Smart Contracts.
“It was also encouraging to see just how many new developers submitted entries. We pride ourselves on making blockchain easy and this was evidence of how we can encourage smart contract adoption by attracting developers already familiar with C# programming.
“We will now look to take forward the best use-cases in order to add utility to the STRAT token and boost our credentials for enterprise adoption. Following the success of this hackathon, we hope that there will be many more in the future.”

The hackathon ran from 1 November to 16 December 2019 and was open to submissions from individuals and teams from around the globe. Developing on the Stratis Platform, participants were encouraged to build smart contract applications that are useful, easy to use, innovative and impactful.
The judging panel consisted of sector experts, including developers, blockchain gurus and Microsoft MVPs judged the submissions on their utility, usability, creativity, functionality, and design and documentation.
To view all submissions entered into the hackathon, visit: https://stratisplatform.devpost.com/submissions

December 19, 2019

Stratis Mobile Wallet

Stratis is pleased to announce the launch of the Stratis Mobile Wallet.
The Stratis Mobile Wallet allows you to transfer, receive and store Stratis directly on your mobile device. You can effortlessly send or receive funds by scanning a QR code or sharing your address.
You can import and manage multiple wallets and private keys, and secure these with your biometrics or a PIN. It is based upon the popular and trusted Copay wallet and Bitcore services, used by hundreds of thousands to manage their cryptocurrencies.
 
Currently, the Stratis Mobile Wallet is only available on Android devices, however, we are currently going through the approval process with Apple and the Google Play Store to ensure the Stratis Mobile Wallet is available through the common application installation methods.
We are very keen to continue the development of the Stratis Mobile Wallet to incorporate more features and leverage features of the Stratis Platform. As an example, expect to see both Token Support for the Cirrus Sidechain and Cold-Staking support.
Further updates will be provided once the Stratis Mobile Wallet has gone through the various phases to become listed on the respective application stores.
The Stratis Mobile Wallet can be downloaded using the following link.
Stratis Mobile Wallet

December 19, 2019

Stratis STO Platform

The Stratis STO platform is now ready to be utilised and deployed to conduct Security Token Offerings. It has been built through regular dialogue with clients that are engaging with the U.S. Securities and Exchange Commission (SEC) guidelines, ensuring it is compliant with SEC regulations. It conforms with both Know Your Customer (KYC) and Anti Money Laundering (AML) laws and has undergone rigorous testing in order to ensure it meets all legal requirements for hosting an STO. These requirements are regularly updated and we will continue to modify its platform as required.
The platform is an adaptation of the existing Initial Coin Offering (ICO) platform and includes additional legal features to ensure it is suitable for security token issuance. It allows companies and organisations to run a secure and flexible web-based application on the Stratis blockchain to issue tokens to investors. The STO platform has been built using C# and the .NET Core, the most popular enterprise programming language on the most widely-used enterprise framework, making it easily accessible for businesses and developers.
Key features of the STO platform include:
Real-time pricing
The platform accepts payment in both fiat currency (USD) and cryptocurrency (BTC and STRAT). It uses currency data from multiple providers to ensure that STO participants benefit from real-time token pricing.
ID-based token issuance
The platform creates unique user IDs that allow the STO administrator to reliably and securely accredit tokens once an individual makes a wire transfer. This ID-based system ensures compliance with KYC and AML laws.
Wallet-based platform for added security
Stratis utilises hierarchical deterministic wallets rather than autonomous smart contracts to add an additional layer of authority and security.
While building the STO platform, we have been working closely with our partner Gluon, a platform that establishes an interconnected network of vehicles, allowing users to diagnose, track and monitor issues using IoT devices, AI and blockchain. We have been assisting Gluon with fulfilling all its legal requirements to register its GLU token with the SEC. Gluon is now in the later stages of the registration procedure and is expected to become the first company to issue a security token on the Stratis platform next year.
Stratis CEO, Chris Trew, said:

“We are delighted to launch our STO platform, one of the key milestones of our 2019 Development Roadmap. The STO platform builds on the functionality of the Stratis ICO platform with the addition of several new features that satisfy the rigorous regulatory requirements needed to conduct STOs. Our STO Platform is highly secure, flexible and scalable, making it easy for businesses of any size to raise money through the tokenisation of their assets.”

 

December 13, 2019

Stratis Monthly #10

Last month, we provided a comprehensive update on our development roadmap and corporate news. As part of our ongoing commitment to keep the community across the latest developments, we also intend to publish a review of 2019 at the end of December. For those who just cannot wait to hear more, tuck into the latest news from the month of November.

Development Update

A high-level summary of the key developments can be found below.

Stratis Full Node

  • .NET Core 3.0 Upgrade
  • Implemented SQL Wallet feature for Sidechain Wallets
  • Improvements to SQL Wallet
  • RPC Call alignment with Bitcoin Core
  • Support for Bi-Directional Messaging in SignalR
  • Testing of LevelDB implementation

Block Explorer

  • Enhancements to Block Explorer catering for Smart Contract data
  • Various improvements to Indexer API

Stratis Smart Contracts Challenge in full swing!

We now have over 180 developers registered to take part in the Stratis Smart Contracts Challenge and win their part of the US$18,000 prize fund. The response from both community members and the wider developer network has been exceptional and from the discussions we have had with participants so far, we are anticipating some truly innovative submissions as we approach the 16 December deadline.
Amid the excitement, the recent ruling that cryptoassets and smart contracts are valid in English law shows the very real potential of these applications. After all, the statement was based on “not what they would like the law to be, but what they believe English law to be now”. Not a bad time to be building Stratis Smart Contracts in C#.
We would encourage you to continue to share the hackathon with your friends and contacts – even if they are not currently involved in the space, this is a fantastic opportunity for any C# developers to kick-start their blockchain journey.

Stratis in the news

Stratis was in the news again this month as the launch of the Stratis Smart Contracts Challenge was featured in the media. The announcement of the hackathon appeared in Financial IT, Crypto Ninjas and Enterprise AI. We are glad to see these publications supporting our online hackathon!

Latest research: blockchain to create major cost-savings in the supply chain

We continue to see widespread adoption of blockchain and DLT led by some of the world’s largest companies. In particular, there is growing industry focus of blockchain’s role in the supply chain to improve business processes, unlock cost-savings and restore the trust of consumers.
A new study has found that the implementation of blockchain technology in supply chains could save businesses in Western Europe $450 billion in logistics-related costs. The report found that 60% of companies overpay their supply chain vendors and 70% have ‘visibility gaps’ between the initial supplier and internal clients’ systems.
In the food industry alone, a Juniper Research report revealed that blockchain will save $31 billion by 2024 through the streamlining of supply chains, efficient food recall processes and “simpler regulatory compliance.”
Meanwhile, in the automotive industry, a survey of 314 vehicle manufacturing executives found that 62% believe DLT will be a disruptive force in the industry within three years.
This is encouraging news for enterprise adoption of the Stratis Platform, an enterprise-grade development platform on which businesses can deploy bespoke blockchain solutions in C# and .NET.

November 8, 2019

Stratis Monthly #9

The primary development focus during October was exchange readiness and preparation for the Stratis Hackathon hosted on Devpost. The hackathon has received attention from a number of established hackathon contestants and we expect the number to increase throughout the coming weeks.

Development Update

A high-level summary of the key developments can be found below.

Stratis Full Node

  • Improved mempool handling of dust transactions
  • Increased wallet security by removing password caching logic
  • Stabilised various integration tests with regards to sidechain operations
  • Refactored database locking
  • Improved reliability of the PoA miner resulting in the avoidance of missing blocks
  • Aligned RPC methods with Bitcoin Core 0.18
  • Greatly improved RPC Response times.

Wallet

  • Improved performance of the SQL Wallet
  • User-Interface updates to the support SQL Wallet
  • Testing and stabilising the SQLite Wallet integration
  • Optimization of the Wallet Feature
  • Bi-directional alignment of unconfirmed wallet transactions
  • Improved the performance of console updates for the wallet
  • Added improvements and features to the hackathon wallet
  • Improvements for token management screen in Cirrus wallet

Sidechains

  • Implemented improved network rule registration across the Cirrus networks
  • Improved transaction history for Cirrus Core
  • Various fixes and improvements with regards to cross-chain transfers on Cirrus

Smart Contracts

  • Performance improvements for smart contract execution via caching
  • Updated smart contracts tutorial for latest full node release

Roadmap Update

The development focus this year was to continue enhancing the Stratis Platform, incorporating new features as detailed on the Stratis 2019 Roadmap.
These features play a key role in Stratis being an attractive viable option for developers and organisations blockchain needs.
It is crucial for us to remain agile and actively develop solutions that bring a significant benefit to the platform. This has resulted in a number of key items being prioritised over items listed on the Stratis 2019 Roadmap.
Development efforts have been shifted to deliver alternative technologies that will bring further value to the Stratis Platform, as an example, the Segregated Witness (SegWit) development on Stratis is now code complete and is due to undergo our rigorous test cases to ensure compatibility within a heterogenous environment. SegWit facilitates the future scalability of the Stratis blockchain by giving an effective increase to the size of the blocks permitted on the network.
Furthermore, it opens the possibility of improvements to the transaction scripting language. This means that functionality that may previously have required a hard fork can now be implemented safely on the network. It also lays the groundwork for technologies such as Schnorr signatures and Merkelized Abstract Syntax Trees (MAST), that can again be leveraged to gain scalability benefits.
The implementation of the Breeze Privacy Protocol also becomes achievable with the activation of SegWit on Stratis Mainnet. We expect the Breeze Privacy Protocol functionality to be the first delivery of extended functionality once SegWit is activated by majority of block producers move to a SegWit supported node.
In addition, further development and refactoring of the Stratis Full Node to ensure like-for-like response times (in comparison to StratisX) when interrogating the node via Remote Procedural Call was a significant focus. Along with the complete re-development of the Stratis Full Node Wallet Feature, to significantly amplify the ability to scale and ensure data integrity. This ultimately provides current and future exchanges and third-parties the ability to utilise the Stratis Full Node as opposed to our legacy node that is currently leveraged.
Distributed Ledger Technology (DLT) has also received considerable attention, the further development includes the integration of a Certificate Authority and end-to-end encryption allowing private blockchain implementations to remain private and secure. The addition of memberships services and ‘token-less’ support for the Proof-of-Authority Consensus Algorithm are also additional features that have been incorporated into our DLT offering.
These additional developments have not drawn the focus away from all items listed on the Stratis 2019 Roadmap. You can expect a significant number of deliverables to be released prior to the close of the year.
A brief summary of the Stratis 2019 Roadmap can be found below:

Stratis Payment Gateway

We have been working closely with MediConnect to understand their business requirements and assisting them with both documenting and designing the Payment Gateway infrastructure. As we move into 2020 we will continue to liaise with MediConnect to provide a functional Payment Gateway that can be repurposed for similar use-cases.

Stratis STO Platform

The Stratis STO Platform has received significant attention to cater for the upcoming Gluon Security Token Offering (STO). Requirements have been fed directly from the U.S Security Exchanges Commission (SEC) as part of Gluon’s application, ensuring the platform meets the needs of an approved Security Token Offering.

Stratis Mobile Wallet

Development is being undertaken to make a mobile wallet available, the current focus is on porting an already established Mobile Wallet Service to support a Proof-of-Stake network and the Stratis networks, including Stratis and Cirrus.

Unity SDK

A Unity plugin has been a focus for 2019, we have successfully tested NStratis in Unity, however, a full production release of a Unity plugin will not be available until next year.

Stratis Sidechain Masternodes

The development of the Stratis Sidechain Masternodes to support the Cirrus Sidechain was a major development for Stratis in 2019. Currently all block producers on the Cirrus Sidechain are publicly operated Stratis Sidechain Masternodes, maintained by holders of the Stratis Token who meet the collateral requirements.

Breeze Privacy Protocol

The integration of the Breeze Privacy Protocol becomes possible with the implementation of SegWit, initial designs focused on integrating the Privacy Protocol being implemented natively, however, with the introduction of SegWit, it makes this integration possible with a significantly lowered network disruption.

Java & JavaScipt Support

An intermediary service supporting other programming languages is a development that will attract developers with expertise outside of the .NET ecosystem. The integration of JavaScript support is heavily tied with the Mobile Wallet deliverable.

Proof-of-Stake Sidechains

A design has been in place for Proof-of-Stake Sidechains, however, this development requires a significant amount of focus and resources were allocated to other important aspects of the business. As a result, the design will be re-assessed in the coming year.

Stratis Core 2.0

The makeover of Stratis Core is underway, focusing on providing a new User Experience (UX) whilst catering for further developments and integrations into the desktop wallet.
Since the conception of the Stratis Core User-Interface the developments of the Stratis Platform have changed dramatically, meaning there are more features to incorporate in the GUI (Graphical User Interface). A change of design was the best way forward to ensure that all these new features have a home without impacting the user experience.

As we move into next year, the focus for private distributed solutions will grow significantly to accommodate business adoption within the private sector whilst also catering for those who wish to utilise a public network with an associated cryptocurrency.

Stratis Smart Contracts Hackathon underway!

It’s an exciting month for Stratis and developers with the start of the Stratis Smart Contracts Challenge. The Stratis Hackathon will run for six weeks until 16 December 2019 and you can enter now for the chance to win up to US$10,000 for first place with a total of US$18,000 up for grabs. Just go to our Devpost page and follow the instructions to enter.
The hackathon is part of the Stratis Academy initiative to reduce barriers to entry for developers entering the blockchain space. As a result, significant effort has been put into simplifying the set-up process to make it as easy as possible for both new and existing developers to get started in a ‘click and play’ environment. Entrants can find a full tutorial, including instructions and examples, on the Stratis Academy website.
We are grateful to C# Corner for their sponsorship of the event and to our judging panel, which includes developers, blockchain gurus and Microsoft MVPs. Already, over 35 participants have signed up to take part and we’re very excited to see the new and innovative applications of Stratis Smart Contracts in C# that emerge from the hackathon. Watch this space!

Partner update – Gluon moves forward with SEC submission and grows fuel industry product, Petromo

Gluon has been making headway with its registration with the U.S. Securities and Exchange Commission (SEC). Having begun the registration process last year, Gluon is now in the later stages of the procedure. Stratis is working closely with Gluon to assist with the submission process so that Gluon can begin its token offering.
The business is also developing positively. Petromo, Gluon’s enterprise product which monitors fuel inventory, is expected to expand its footprint in the U.S. from 40 live locations to over 400 by the end of Q1 2020. Built for the widely used Gilbarco Veeder-Root system, Petromo’s IoT hardware allows users to monitor their fuel inventory remotely on their mobile devices. It is currently monitoring 4 million gallons of fuel per month at its 40 live business locations.
Gluon has also received approval from Gilbarco for the development of a third-party backend office system which will also be a part of the Gluon platform.
Stratis has been working with Gluon since January 2018. Gluon’s technology platform establishes a secure network of interconnected vehicles, allowing users to diagnose, track and monitor issues using IoT devices, AI and blockchain.

Partner update – MEDI distribution process begins

It’s been just over four weeks since MediConnect closed its ICO, raising 432,685.64 STRAT and 104.33 BTC for its pharmaceutical solution to protect patients both on and offline.
Participants in the ICO are now being asked to create a Cirrus Core Wallet address and submit it to the ICO platform. This will allow the token distribution to run smoothly and efficiently. Detailed instructions are provided on MediConnect’s website.

Stratis in the news

Stratis continues to feature in the news as our CEO, Chris Trew, authored an article in Crypto Globe on Why Blockchain Will Be One of History’s Key Technologies. In the piece, Chris suggests blockchain can have a similar far-reaching impact as the other great technological leaps in history and help to define the ‘Fourth Industrial Revolution’.

October 9, 2019

Stratis Monthly #8

The main focus of development in September was adding features to improve the stability of the wallet and adding functionality to the Stratis Full Node so that it is ready for exchanges.

Development Update

A total of 179 commits were made during the month of September, encompassing 437 file changes and 14,791 additional lines of code to the Stratis Full Node. A summary of the key developments can be found below.

Wallet

  • Created wallet repository feature
  • Undertook extensive optimization of the wallet repository feature
  • Added support for both database-per-wallet and multi-wallet-database to wallet repository
  • Added cold-staking support to wallet repository
  • Future-proofed wallet repository for use with federated transfers
  • Updated wallet feature to use new wallet repository feature
  • Added SignalR support for multiple wallets and accounts for Cirrus Core
  • Updated API to expose SQL based wallets
  • Stratis Core and Cirrus Core updated to use new SQL Wallet with latest SBFN codebase
  • Various bug fixes and performance improvements
  • Updated a large number of test cases related to the wallet feature to use the wallet repository

RPC

  • Optimized “gettransaction” and “listaddressgroupings” RPC methods
  • Aligning of RPC calls with Bitcoin Core
  • Bug fixes for RPC calls

Certificate Authority Service

  • Introduction of ‘Roles’
  • Handle issuance and revocation of certificates
  • Check the revocation status of any given certificate
  • Implementation of an API to manage accounts and associated certificates

Smart Contracts

  • Caching of contract code, for smart contract execution performance improvements
  • Caching execution results between mining and validation for smart contract performance improvements

Testing Update

The wallet is a fundamental part of the Stratis Blockchain. In order to ensure future scalability, we have redesigned that key component to take advantage of a database engine rather than rely on the JSON file format.
In order to prove the wallet is functioning as expected and can cope with a large volume of transactions, we have further developed our test environment specifically for the purpose of testing the functionality and performance of the wallet, more so than ever before.
This test environment is based on a private blockchain and a large set of wallets with an even larger number of coins (i.e. UTXO). The test scenarios include creation of new wallets, filling them with predefined sets of coins and finally building and sending transactions on a significant scale.
This setup allowed us to uncover and fix wallet-related defects as part of an ongoing effort to make our solution faster, more scalable and more robust.

Hackathon announced – Stratis Smart Contract Challenge

We have announced the Stratis Smart Contracts Challenge, an online hackathon which will begin on 1st November and run through to 16th December 2019. A total of US$18,000 is up for grabs with a first place cash prize of US$10,000, second place prize of US$5,000 and third place prize of US$3,000.
The challenge is to develop smart contract applications that can have a big impact. They should be useful, easy to use, innovative and capable of being applied across a wide range of industries. These include banking and financial services, international trade and commodities, supply chain, energy, identity, Internet of Things, government, healthcare and medicine, automotive and gaming.
We are very excited to see how contestants harness Stratis Smart Contracts in C# to develop a set of varied and innovative use cases.

Partner update – MediConnect successfully closes ICO and proceeds with proof-of-concept

It’s been a significant month for our partner, MediConnect, who closed its ICO at the end of September. MediConnect also completed the workflow for its proof-of-concept (PoC) and began the integration of UK Meds, an online pharmacy and partner of MediConnect, to the PoC platform.
Stratis is developing the MediConnect blockchain as a bespoke solution based on the Stratis blockchain. The PoC is designed to trace medication through the supply chain from the point at which it is manufactured to its prescription by medical professionals and purchase by patients.

Stratis features in the news

Stratis CEO, Chris Trew, has been featured in the news recently as he discussed topics including the move towards a cashless society and the important role smart contracts can play in business.
In a piece titled Blockchain and the cashless society in Financial IT, Chris discusses the growing momentum pulling businesses, financial institutions and central banks away from a centuries-old system based on banknotes to one built on blockchain. In another piece featured in Business Cloud, Chris discusses how Smart contracts have potential to speed up business and could revolutionise how companies operate in the same way as the cloud or AI.

October 3, 2019

Stratis Smart Contract Challenge

Contestants from around the world are invited to take part in the Stratis Smart Contracts Challenge from 1st November to 16th December 2019. The competition is open to individuals and teams from around the world, including those from profit, non-profit, academic and public sector organisations.
The total prize fund will be $18,000. Eligible entrants will compete for a first place cash prize of US$10,000, second place prize of US$5,000 and third place prize of US$3,000.
The challenge for contestants is to develop smart contract applications that can have a big impact. They should be useful, easy to use, innovative and capable of being applied across a wide range of industries. These include banking and financial services, international trade and commodities, supply chain, energy, identity, Internet of Things, government, healthcare and medicine, automotive and gaming.
The judges will be asking: does the tool provide a useful function, is it easy and engaging to use, is it doing something innovative, how well does the product function? Submissions can cover any kind of software application, such as the web, cloud, personal computer, mobile device or console, but they must utilise Stratis Smart Contracts in C#.
Chris Trew, CEO and Founder of Stratis Group Ltd stated:

We are very excited to be hosting this international hackathon and to provide an opportunity to show how Stratis Smart Contracts can unlock the potential of blockchain and transform the way industries work.
We want to grow our ecosystem of developers. C# is one of the most popular programming languages in the world and at the Stratis hackathon, developers will be able to programme smart contracts in their familiar C# language. By working together, we can harness the combined expertise of this community of experts and push the boundaries of what is possible using blockchain.

The hackathon will be hosted on the established Devpost platform, allowing us to leverage their existing user-base of  talented blockchain developers. More information including the terms and conditions, will be released on the 1st of November when the Devpost event is live!

September 26, 2019

Stratis Full Node 3.0.5

The Stratis Full Node 3.0.5 is now available for general use. This release has been in development for some time and has gone through our rigorous testing phase within the Stratis Coherence Suite.
A brief summary of significant developments within the release can be found below:

  • Address Indexer resiliency
  • Implementation of SignalR to provide an enhanced user experience
  • Introduced ‘account-based’ experience for Cirrus
  • Improvements to the Federation Wallet

Releases of both the Stratis Core wallet and Cirrus Core wallets are also available, both incorporating the 3.0.5 release of the Stratis Full Node.
With the introduction of SignalR we are now able to provide more reliable information to the wallets graphical user interface, resulting in real-time data being pushed to the wallet in a more efficient manner.
There have been significant changes to the Cirrus Core wallet based upon feedback received from the community testing phase. An approach was taken to provide an ‘account-based’ blockchain experience when utilizing the Cirrus Core wallet.
This provides a user-experience comparable to Ethereum and allows the end-user to manage specific addresses opposed to a managing a wallet comprised of a potential significant amount of addresses.

Resources

Updates wallets can be downloaded by utilizing the links below:

Stratis Core

Stratis.Core-v1.3.0-linux-amd64.deb
Stratis.Core-v1.3.0-linux-x64.tar.gz
Stratis.Core-v1.3.0-mac.dmg
Stratis.Core-v1.3.0-setup-win-x64.exe
Stratis.Core-v1.3.0-setup-win-x86.exe

Cirrus Core

Cirrus.Core-v1.3.0-linux-amd64.deb
Cirrus.Core-v1.3.0-linux-x64.tar.gz
Cirrus.Core-v1.3.0-mac.dmg
Cirrus.Core-v1.3.0-setup-win-x64.exe
Cirrus.Core-v1.3.0-setup-win-x86.exe

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