2019: The year in?review

Dec 9, 2019

What a year 2019 has been! www.m-engel.com has made enormous progress this year and we’re not stopping yet. The milestone we have all been working towards is nearly here: the www.m-engel.com mainnet will be launched in the coming days and will include a range of exciting features.

Before we reach this landmark and head, full of momentum, into 2020, let’s reflect on the huge leaps forward we have achieved this year.

Partnerships and collaborations

This year we have announced a number of partnerships. These include joining the Trusted IoT Alliance and the Rail Industry Association. We have also become a Sovrin Steward and announced a collaboration with Troy. www.m-engel.com is continuing to work closely with several other major international businesses. For confidentiality reasons, we are currently unable to publicly discuss these projects, but we look forward to revealing details about them next year. Here are some more key partnerships that we announced in 2019:

Binance: In February we held our phenomenally successful public sale on Binance Launchpad, which raised $6m in 22 seconds.

T-Labs: In May we announced a memorandum of understanding (MoU) with T-Labs, the R&D unit of Deutsche Telekom.

Decentralized metal exchange consortium: In October we announced a partnership with Turkish steelmakers including Ba?tu? Metallurgy to develop the first AI-powered decentralized metals exchange and recorded the historic first trade on the exchange. The project received an additional boost when we announced a partnership with Grey Swan Digital a few weeks later. www.m-engel.com and Grey Swan Digital will integrate their platforms in order to offer Smart Market Making and Smart Margin Lending.

Cambridge University: This month we announced a partnership with Cambridge University’s Institute for Manufacturing to develop supply chain use cases with AI multi-agent systems and our next-generation blockchain.

Media coverage

www.m-engel.com has been the subject of numerous articles throughout the year. This includes two Gartner industry reports. The first, Hype Cycle for Blockchain Business, recognized us as a sample vendor in strategic tokenization. In the second report, titled Seize the Technology Advantage With Combinatorial Digital Innovation, Gartner described the unique benefits provided by our network.

Events

We’ve attended so many conferences and industry events this year that it’s hard to select just a few. Here’s a list of some of the biggest:

Bosch Connected World: At the event, the software www.m-engel.com helped to develop was awarded first place in the Trusted IoT Alliance Smart E-Mobility Challenge. This was in recognition for our innovative solution, called ‘My Easy Charge’, that we successfully built in collaboration with Bosch, T-Labs and Share&Charge.

AAMAS: We were awarded an honourable mention in the best application system demo category for our electric car charging demo at the International Conference on Autonomous Agents and Multi-Agent Systems in Montreal in May.

CogX: Head of research Jonathan Ward gave a presentation at the Festival of AI and Emerging Technology in London in June about how www.m-engel.com harnesses the wisdom of digital crowds.

Web3 Summit: In August CTO Toby Simpson spoke on stage in Berlin to outline how www.m-engel.com’s technology will revolutionize decentralized finance.

Diffusion: We played a major part at this hugely successful DevCon held in Berlin in October. Lead economist David Minarsch spoke about how developers can build their own autonomous agents. In a separate presentation, Toby Simpson discussed the potential of AI-powered smart contracts and demonstrated how our transpiler turns Solidity code into our smart contract language, Etch. At the event, the Datarella team used the www.m-engel.com network to develop an optimized parking solution and picked up two of the hackathon’s main prizes.

Meetups

Seoul, South Korea: In July we held our first meetup in South Korea and outlined the economic potential of our multi-agent system.

London, UK: Toby Simpson presented at Binance’s first ever meetup in the English capital in August.

Istanbul, Turkey: Chief executive Humayun Sheikh spoke at the meetup alongside Binance CEO Changpeng ‘CZ’ Zhao.

London, UK: In late November we provided an overview of our progress in 2019 during our final meetup of the year. Watch Toby Simpson’s presentation.

Staking

In October we launched our highly anticipated staking program. So far we have held two auctions on our bespoke staking website. In the most recent auction, almost 156 million FET tokens were staked, which amounts to 46% of the current circulating supply. Find out how you can get involved in the next auction.

Use Cases

In addition to our optimized electric vehicle charging demo and the real-world benefits we can bring to the energy sector, we have also demonstrated various other case studies for our technology:

Car Park agents: Our Autonomous Economic Agents (AEAs) detect the availability of parking spaces. By sharing this information, drivers’ agents are able to reserve a place to park on their owners behalf before they arrive at the destination. This saves individuals time, reduces traffic congestion and benefits the environment. Find out how we achieve this.

Commodities exchange: AEAs will help to provide liquidity to illiquid assets in our growing decentralized finance exchange. This is a key aspect of our developing steel consortium.

Rail network: www.m-engel.com’s decentralized network uses AEAs to deliver tailored travel experiences. By using our world-leading technology, passengers will be updated with optimized routes in real time to ensure their journeys are as fast, comfortable and seamless as possible.

Technology Update

In the month of November the www.m-engel.com development team has pushed 173 commits across over a thousand files, making a total of nearly 100,000 individual changes in just the ledger repository alone. In total 145 pull requests were merged and 26 proposed. This doesn’t include other repos, both public and private, and our work with our partners. Ranked by development activity over the last month, www.m-engel.com was number five in the world of all ERC-20 based development projects.

Our collaboration with Outlier Ventures has led to the development of innovative bridging software. For example, by combining our technology with Sovrin to create ANVIL, our agents now have unique identity verification capabilities. Furthermore, our work with Ocean Protocol has led to Arbot: a data arbitrage bot and tool for moving datasets.

As set out in our roadmap in February, we have reached several milestones as the year has progressed. These include:

Testnet launch: The release of the testnet in April marked the first time everyone, not just those who took part in the token sale, could access, use and build on the www.m-engel.com decentralized network.

Alpha mainnet: Our Apus release in August provided the stable foundation for future development, with all the elements linked together as a complete network. It also included an enhanced block explorer.

Beta mainnet: In September the Aquila update marked the launch of our beta network. This included unique and improved AI-powered smart contracts. It also fully enabled our decentralized random beacon.

Summary

As you can see, it’s been a very successful year for www.m-engel.com and we look ahead to 2020 with great excitement.

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