Newton — Review of ICO

A business infrastructure based on blocking technology that allows users to perform any operations with assets and use a digital identification system. Services under the Newton Project ICO provide various settings for ensuring confidentiality and valuation of assets, as well as obtaining up-to-date information about products at any time.

The presence of smart contracts will reduce the speed of transactions and improve the efficiency of services. The platform will be useful for advertisers as well since they can develop advertising campaigns based on available ready-made templates.

Development team

Over this Singapore project is a team of specialists and consultants in the number of 10 people, including:

  • Xu Jizhe (founder, co-founder of Elastos and co-founder of Zeuux, a community for free software use);
  • Li Shubin (co-founder, founder, and CEO of OKbuy);
  • Xia Wu (chief architect, co-founder of Zeuux);
  • Meng Guang (chief architect);
  • Zhang Yu (marketing specialist, founder of WuZhou Online).

Key investors and partners Newton Project:

  • Liu Jun (co-founder of Lightinthebox);
  • Guo Fe (founder of kela.cn);
  • Xu Yirong (founder of meilishuo.com, CEO of HIGO);
  • Han Feng (co-founder of Elastos, the researcher at Columbia University, the adviser to the Central Institute of Huawei);
  • Li Songbo (former technical director of Sina, partner of the venture fund DFJ);
  • Gu Sueyong (Professor of Tsinghua University, Director of International Relations in iCenter);
  • Ye Haifeng (founder of mbaobao.com);
  • Hu Dinge (chairman of the board of the ecosystem of Elastos, ex-president of Chongqing Lifan);
  • Lee Wilson (Bitcoin Ambassador);
  • Wang Feng (founder of linekong.com and huoxing24.com);
  • Stuyu Zhu (founder and CEO of Distributed Credit Chain);
  • Shi Jinchao (expert in valuing precious stones);
  • Guo Hunchi (founder of xijie.com);
  • JLab;
  • Consensus Lab;
  • GENESIS;
  • ELAFUND.

Main objectives of the project

Newton Project is designed to create a new type of e-commerce system based on blockchain technology, where everyone can benefit directly from economic growth. With the help of existing tools, such as blockchain and peer to peer, the authors of the project intend to provide users with a convenient solution for launching online stores. Developers are trying to build a new economic infrastructure based on unique protocols.

The main goal of the Newton Project is to create a platform aimed at achieving a protocol-based economy in which everyone can take part and profit directly through economic growth.

The community-based economy, which project creators seek to incorporate into the platform, will be managed and controlled by non-profit foundations. This will replace the centralized intermediary platforms run by traditional non-profit organizations. The rules of such an economy will be transparent, fair and rational, which will allow all participants to benefit from the project and contribute to its development.

Platform Architecture

The project uses the Hyper Exchange protocol, which combines various platform components to create a new type of decentralized e-commerce ecosystem.

Digital Identification

Users of the Newton Project will be able to manage and control access to their digital assets using a digital identification system. The list of available digital assets includes crypto-currencies, personal data and everything that can exist and be used in binary format.

Users will be able to establish different privacy modes for the relevant digital assets and evaluate them.

Supply chain

Using methods such as “atomic hashing” (Atom Hashing) it will be possible to create a unique digital identity for products within the entire network. Thanks to the system of digital identification, the user will have the opportunity at any time to check the relevant information about any product.

Information about each operation with a particular product will be included in the supply chain platform (Newton Supply Chain) and stored in the blockchain Newton. This guarantees protection against unauthorized access to data.

Thanks to the availability of smart contracts, the platform will allow you to pre-establish commercial exchange rules to realize automatic insurance claims and transfer of ownership. This will reduce transaction costs and increase the effectiveness of cooperation.

Digital marketing

Advertisers will be able to create marketing plans using various built-in contract templates. This function includes incentive and calculation modes and dynamic rules for price adjustment.

Advertisers will be able to audit current and completed marketing contracts. With the help of the NewAI system, the advertiser will conduct marketing research before starting the campaign and analyze the results after it is completed.

Trade and payment

The trading and payment system of the Newton Project platform will allow the user to create transactions using the built-in templates of smart contracts and a certain mechanism of rules. This will allow the use of multilateral transactions based on complex business rules, calculations, smart contracts and external network services.

The system will support cross-border transactions, micropayments, instant settlements and much more to provide comprehensive payment tools (online and offline).

A reliable tunnel protocol

Based on the NewChain and NewIoT technologies, the Newton Project platform will use a reliable physical tunneling protocol and define production specifications for the relevant equipment. Any third party will be able to manufacture security equipment in accordance with the protocol specification.

Automatic financing

Developers will be able to define smart financial contracts based on embedded templates for such areas as insurance, lending, and investments, including digital identification, KYC data, external network services and so on.

The system will automatically monitor financial smart contracts and complete the corresponding transactions.

NNIO Protocol

Developers will gain access to NewNET through the NNIO protocol (NewNET IO), using storage services, computing services, and domain names.

Thanks to smart contracts for storage, computation and domain names, developers can quickly develop applications using innovative methods.

Newton Project Technologies

Below are the main technologies used by the platform.

NewChain

NewChain will have the main chain and the structure of subchains. The first will be responsible for supporting the system of account management, platform tokens, the network and much more. Secondary chains are designed to support certain service systems, such as the hyper-exchange protocol, multiple consensus mechanisms, and data structures. All of them provide transactions of assets between the main chain and subchains, and between the secondary chains themselves.

Third-party developers will be able to create a new sub-chain after placing a certain number of platform tokens. The NewVM virtual machine is compatible with the Web assembly standard and supports various popular programming languages such as C / C ++, Java, Python, TypeScript, etc. The system provides built-in smart contract templates for the hyper-mobility protocol. Built-in system templates for smart contracts provide easy development and launch of any application in Newton NewChain.

NewChain uses the Ring-LWE anti-quantum encryption algorithm to ensure maximum security for all assets in the platform ecosystem.

NewNet

Centralization of the cloud computing infrastructure, consisting of a large number of nodes that operate in an open network, providing reliable storage services and supporting the SQL database and various programming languages.

Due to its flexible and decentralized architecture, NewNET can directly use the most widely used current Web services. Developers will be able to solve any computing tasks in a public chain. Network nodes will then be able to select the appropriate calculation task according to their hardware capabilities, and after completing the task, get the reward due to them.

Thanks to NewChain, the platform fully supports the decentralized domain name service on the network, and the ease of use of NewNET will grow thanks to the technology of blockchain.

Atomic Hashing

The algorithm of the universal valid atomic hash algorithm uses radiometric dating, PCA, computer technology and deep learning technology.

Newton Project will be able to quickly extract such characteristics of tangible assets as weight, volume, size, shape, texture, optical, radioactive and thermodynamic properties and a set of customizable random parameters.

Based on the data obtained, the platform algorithms will create a unique identification and an authentic right to any digital asset. The whole process is repeatable, verifiable and fault-tolerant.

NewIoT

Universal platform for access to IO-devices, which includes blockchain-synchronizing calculations, communication protocols between Internet-things, gateways and device specifications NewChain IoT.

The system has extensive capabilities for computing and storing data. It supports several ways of accessing the Internet, including, Ethernet/fiber optic cable, 3G / 4G / 5G, NB-IoT, IoT communication protocol, such as BLE, Wi-Fi, ZigBee, and others. IoT devices store the collected information into NewChain, passing it through the gateway.

NewAI

Distributed structure of artificial intelligence (AI) contributes to the development of the network, using data, algorithmic model and execution mechanism. These three components allow Newton NewAI to closely link data providers, algorithm model developers, and operating system developers.

NewAI provides approved data standards for access to users and data providers, including multidimensional data formats, fragmentation, compression, data encryption, and so on. The security of users’ personal data will be protected by k-anonymity, ε-differential confidentiality, and other methods.

Roadmap

2018:

  • III quarter – the official launch of the main chain and purse;
  • IV quarter – the launch of NewMall.

Terms and Conditions of Newton Project ICO

Official website: https://www.newtonproject.org/

The first round of sale of the NEW token NEW took place from March 1 to April 30, 2018, and the second began on June 1 and ends on July 31, 2018. The third is scheduled for October 2018.

The main conditions of ICO:

  • the total number of tokens is 100 billion;
  • the number of tokens for sale – 7.5 billion (I round), 6 billion (II round) and 1.5 billion (III round);
  • course – 1 BTC = 15 million NEW (I round), 2 million (II round), for the III round the price of the token is unknown;
  • accepted currencies are BTC.

Token distribution:

  • development team – 10%;
  • sale – 15%;
  • project fund – 15%;
  • community – 60%.

Conclusion

From the information available at the time of writing, we can say with confidence that the Newton Project has the potential for the development of the digital economy.

It is able to improve efficiency, reduce costs and automate some of the processes to e-commerce services that decide to take a step towards the technology of blockchain and its capabilities.

The only drawback so far is the absence of the “White Paper” in English. All the technical documentation is still available in Chinese.

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