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November 15, 2024 -Friday |
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SPM - A REVOLUTION TO BLOCKCHAIN INTEGRATION
Tuesday 05/06/2018
KUALA LUMPUR, Malaysia, June 5 (Bernama-BUSINESS WIRE) -- On May 30, 2018, the SPM Foundation announced in Kuala Lumpur, Malaysia, that it launches the Super Partitioned Matrix Chain in the Southeast Asian market. It has also established SPM's public-chain technology upgrade and operation plan in the following meeting with the selected blockchain project parties.
The SPM (Super Partitioned Matrix) project is the first innovative public-linked project lead by a public welfare foundation. The purpose is to use the SPM chain to take over management and resource integration of multiple blockchain projects that lack interior system in order to achieve sustainable ecological development of existing projects.
The launch time of the SPM plan is very subtle. After experiencing explosive growth in the first half of 2018, the blockchain market has gradually become more rational. Projects focusing on blockchain infrastructure construction and technical iterations have attracted more and more investors in technology, political and business fields. But for projects with relatively fragmented resources and inadequate technical strength, it is increasingly difficult to survive in such a fierce competition.
However, SPM focuses on public welfare market, selects existing blockchain projects that have potential for development but lack powerful management teams to support projects’ technological and fundraising demands. With the technical strength of SPM, as well as its plentiful resources of community operations, market value management, investor relations, the ecology of the original projects can be rejuvenated and keep growing.
Known from the launch ceremony, SPM plans are divided into the following steps: - Screening of projects, accepting blockchain token donation;
- Providing financial support and exchange resources to the screened projects in the SPM project library;
- Technical upgrading of the original blockchain and developing SPM main chain;
- SPM official cloud wallet going online, supporting old chain top-up and new chain mapping;
- Transferring projects in the SPM library to SPM Tokens, realizing the integration of a wide range of resources and forming a technologically advanced public chain.
The attempt to integrate existing project resources is fully innovative. It balances the conflicts between investors' interests and team strengths and resources. The highly efficient integrated platform is also more conducive to the public-chain environment. It is expected that such an excellent public-chain project can truly be implemented, and this will trigger a wave of project consolidation in the blockchain market.  |
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