Banyan Network Ambassador Program

August 22, 2018

Banyan Network hopes to become the world’s first Global Data Fusion Network, where large data sources will be fused and will be able to flow easily to customers who can benefit from this data.

Banyan Network has built a strong tightknit community that trusts us and truly believes in the project and we would like to continue growing our community globally by spreading word about our platform, which is why we are launching our new ambassador program.

Become an Ambassador

We are looking for people who are enthusiastic about Banyan Network and who also share our belief in the future of blockchain technology. Specifically we are looking for:

1. Video makers and Article writers to spread awareness of Banyan Network;

2. People to help us recruit other ambassadors;

3. People to host and attend meetups within the local community and lead social marketing events;

And any crypto enthusiasts, traders, and influencers who believe they can help us promote our platform in other ways.

Benefits of Being a Banyan Network Ambassador

  • Rewarded with BBN
  • Access to the Banyan Network team
  • Attend conferences and events with the Banyan Network team (We are planning global road shows in the near future)
  • Other BBN goodies and much more…

If you are interested, please apply to be a Banyan Network ambassador here.

Product Release of the Multi-Trust Connector

May 8, 2018 — The Multi-Trust Connector (MTC) is a technical solution for user data permission and authorisation, which is the most important regularisation related module in our data service network. The MTC records every user’s data permission and writes the metadata (Merkle tree root node) on the blockchain, ensuring the transparency, tamper resistance as well as privacy protection.


For example, when user ‘C’ applies for a loan from a financial institute ‘B’, the institute would request personal data of the user from credit agency ‘D’ in order to assess and manage risks. Such data request (from ‘B’ to ‘D’) needs permission from ‘C’ beforehand, in order to gain access to the data. The traditional way of doing this is for ‘B’ to acquire authorisation and keep the record themselves, usually relies on (paper) documents. Hence ‘D’ is not able to verify it in real-time and can’t be ensured of the record authenticity. MTC provides authorised technical solutions for user ‘C’, financial institution ‘B’ and credit agency ‘D’, saving the authentication and authorisation data on the blockchain. All the user’s data authorisation behaviour is written on the blockchain through smart contracts . To ensure that the authorisation is open and irrevocable.


We’ve collaborated closely with MTC’s pilot clients on the product design and development. There are two modules of MTC:

1. the permission management SaaS tool; and
2. authorization service API infrastructure.

The development of the first version of the above two are finished.

In this month, we will release the beta version of MTC, and integrate the product with our pilot clients. We will also open the source code of MTC, test the product with our industry partners, and develop smart contracts for MTC.


Mutual Information Technology Framework

  1. The authorisation Software Devlopment Kit (SDK) provides the authorisation interface and the application. With the app, the user sends an authorisation to the authorised server (SVR). Through the SDK authorisation interface, the user will on their turn receive the authorisation key.
  2. When the application extracts a user’s data to the data source/service SVR, it needs to comply with the authorisation key at the same time.
  3. The data source/service SVR verifies the authorisation key by requesting an authorised SVR → permission granted.
  4. The authorising SVR also saves the user’s authorisation request by making use of a smart contract that saves it on the blockchain.

Lock-up rules for the private sale

 

The lock-up rules for the private sale are the following:
First 30% (120,000,000-130,000,000 BBN)
Locked until 2 weeks after the private sale close. (These are now circulating)

Next 30% (120,000,000-130,000,000 BBN)
Locked until 3 months after BBN is listed on the first exchange (Bibox). (After June 3rd, 2018)

Last 40% (160,000,000-180,000,000 BBN)
Locked until 6 months after BBN is listed on the first exchange (Bibox). (After September 3rd, 2018)

Banyan Network Basic Partner Recruitment Program(Private Sale)

The BBN cap is set at 1 billion token.

We are only doing private fundraising, no public fundraise.

The issue price is set around ¥0.3. The private fundraise is at 20% discount, at the price of ¥0.24 during the private fundraising period.

The range of private fundraise is between 50eth to 300eth/person.

We don’t accept any agent or large player greater than our fundraise range.

Our private round of fundraise is around 30% of our total token,roughly accepting 8500eth and we can close the round,definitely no raising more than 10000eth.

Finally,the private sale is from 13/01/2018,and closed on 19/01/2018.

 

ETH:BBN during the Basic Partner Recruitment Program

TimeUSDExchange RateRMBPrice/Unit PriceDate
2018-01-13 07:59:101273.206.46068225.6359234273.483Day1
2018-01-13 07:59:101396.42 6.46069021.71105237590.46272Day2
2018-01-13 07:59:101366.776.46068830.15426236792.30943Day3
2018-01-13 07:59:101291.92 6.43498313.37600834639.0667Day4
2018-01-13 07:59:101053.69 6.43496780.38978128251.62409Day5
2018-01-13 07:59:101014.25 6.43296524.56882527185.70344Day6
2018-01-13 07:59:101036.28 6.41716649.91238827707.96828Day7

Banyan Network:The No.1 Global Data Fusion Value Network

The No.1 Global Data Fusion Value Network

Banyan Network is a data value network based on blockchain technology. It is also the world’s first distributed ecosystem of data economies raised and built by all participants in the field of data analytics.

Banyan Network is a data value network(DVN) based on blockchain technology. It is also the world’s first distributed ecosystem of data economies raised and built by all participants in the field of data analytics.

The value of DVN is based on “symbiosis, mutual benefits, common governance, and common prosperity.” The goal is to focus on blockchain-enabled trusted data connection, third-party data integration and governance, data applications and open market development, building a positive interactive value-linked network of data benefits by establishing standards, providing channels, and issuing tokens.

The data value network is equipped with an extendable and fast growing token system with rich scenarios, capable of promoting data aggregation in the widest range, exciting data stream at higher speeds, thereby enhancing usability and integration values, providing ways for multiplying values for data providers, processors, users, and other generalized contributors to the field of data analytics, creating a future sharing space of unlimited value. The data value network adopts advanced data matching and correction algorithms to implement and contribute to reward computation mechanisms, partnering with resourceful mainstream commercial data providers, basing the initial values on resources of branding for major clients, and providing convenient channels for enterprise and individual data sources joining the “data value network ecosystem.”

Based on theories such as “three laws of data value” and mechanisms such as “tripartite model”, the data value network covers data collection, cleansing, integration, and applications of complete business chains, to aggressively adopt the latest technical solutions such as high-performance blockchain (HPB), decentralized token exchange protocol (LOOPRING), and box computing (BC), to ensure the operation and gradual expansion of the entire network.