I'm in the county town, and you say I'm a big shot?

Chapter 636 Divesting Businesses to Focus on Corda in China
Xin Tiejun and Lin Tao hesitated for a moment, looked at each other, and then shook their heads. Lu Hui, on the other hand, said, "R3 CEV is an alliance initiated by the American company R3. It is preparing to create a new generation of enterprise-level distributed ledger platform based on blockchain technology, and the name is Corda."

Upon hearing about blockchain technology, Xin Tiejun and Lin Tao looked at her in surprise.

Fang Qingye was also somewhat surprised. Neither Xin Tiejun nor Lin Tao knew, but this usually unremarkable girl did.

Although Lu Hui was appointed as the deputy CTO of Zhiyun Technology, she did a good job, but unfortunately she had no leadership demeanor and spoke in a soft and gentle voice.

"A while ago, a classmate who works on Wall Street in the United States told me about it during a chat. Later, I also used a VPN to access the internet and looked up relevant information, so I learned a bit more," Lu Hui answered truthfully.

"So what do you think are the differences between the Corda built by R3 and the SCP system we are currently developing?" Fang Qingye pressed.

Lu Hui hesitated for a moment before answering: "I think the underlying logic should be the same, both based on blockchain technology, but our SCP system focuses more on applications, it's a software system. Corda, on the other hand, provides a platform, around which everyone can build an ecosystem."

"Then tell me, can we build a platform similar to Corda?" Fang Qingye pressed further.

“This…” Lu Hui glanced at Xin Tiejun and Lin Tao before saying, “Theoretically, it is feasible. After all, both SCP and Corda are based on blockchain technology, but the latter is much more complex than the former and requires more technological investment.”

Fang Qingye listened and pondered for a moment before saying, "How about this, I'll send the information about R3 CEV and Corda to your email in a bit. This information was obtained by a friend of mine who is studying for his PhD in the United States. You can organize your technical staff to conduct a feasibility study first. What do you think, Lu Hui? You can take charge of this matter for now."

"Ok."

"The report must be ready before the Lantern Festival!" Fang Qingye instructed.

"Ok."

After finishing the conversation, Fang Qingye had a private chat with Xin Tiejun for a while.

"How's the SCP promotion going?" Fang Qingye knew this was a recent focus for Zhiyun Technology.

"It's going relatively smoothly domestically, with 32 small and medium-sized banks already using it, and large banks like China Eastern and China Merchants Bank starting partial trials. But it's more difficult abroad," Xin Tiejun admitted. "Foreigners don't really trust our technology; Goldman Sachs has explicitly stated its rejection."

"You see? My payment system is clearly very advanced, but people just don't use it. So just developing application software isn't enough; we must build our ecosystem, just like the ongoing debate over 5G technology standards in the telecommunications industry." Fang Qingye's words were full of meaning.

“I understand, I will support Lu Hui in doing this work,” Xin Tiejun said.

A loud drum doesn't need a heavy hammer, and Fang Qingye didn't say anything.

After finishing his conversation about Zhiyun Technology, Fang Qingye went to sit at Tuofang Technology next door. Seeing his wife, heavily pregnant, sitting behind her desk reading documents, he couldn't help but sigh.

"Why bother? Just leave the work to Li Li and go home to rest and prepare for your pregnancy, isn't that better?"

"It's so boring sitting at home, and I have to argue with my mom every day," Bai Ou muttered.

The mother-in-law, Wan Huizhen, was hardworking and capable, and very warm towards her son-in-law. But for some reason, she and her daughter-in-law often bickered and argued.

Later, Fang Qingye learned that this was how Bai Ou and her mother had been at home before Bai Ou got married; they were used to it.

Bai Ou seemed unwilling to discuss this issue, and instead asked, "How did your meeting with Zhiyun Technology go?"

"I plan to have Lu Hui lead a group to conduct a feasibility study first." Fang Qingye then briefly explained the situation of the meeting at Zhiyun.

"It seems you're about to make up your mind to do this," Bai Ou said. "I'm thinking of investing a lot."

“Yes, but what’s the point of earning so much money? It’s all for spending.” Fang Qingye laughed. “We can’t spend it all ourselves, so we can’t leave it all for the baby in our belly, can we?” As she spoke, Fang Qingye gently touched Bai Ou’s belly.

“And there’s Qingqing too.” Bai Ou glanced at her. “That’s enough. Even if you had a few more, we could afford to raise them!” Fang Qingye quickly said.

"You're violating the family planning policy!"

"Now that the policy of allowing couples to have two children has been relaxed, it will be fully relaxed later. You can have as many children as you want, and you can have a whole bunch of them."

"Go away, I'm not a pig," Bai Ou retorted.

After joking around for a while, Fang Qingye said, "I plan to go back to Nanxin later."

"Okay, when you get back, visit my dad. He's very lonely by himself," Bai Ou instructed.

"no problem."

Fang Qingye replied. But in her heart, she was thinking, "My father-in-law is always having a lot of fun. Now he's obsessed with ballroom dancing and often goes to dance halls."

It is said that he has returned to his old profession
Fang Qingye returned to Nanxin and worked at Jinghai Bank, mainly to make arrangements for the visit of experts and leaders from the People's Bank of China to Shanghai on March 10 to investigate the digital finance pilot project of Jinghai Bank. This was the most important matter recently and could not be taken lightly.

To this end, the bank convened a meeting attended by the president and the deputy president of the Pudong branch. Fang Qingye also made special arrangements and personally went to the Pudong branch to inspect the progress of various businesses.

Of course, he wouldn't forget the tasks assigned to Zhiyun Technology.

After inspecting the work of the Pudong branch today, Fang Qingye took a car straight to the Shencheng Financial Building and arrived at Zhiyun Technology Company.

"How is the situation?" Fang Qingye asked Lu Hui.

“We reviewed the information provided by your friend and, based on our judgment, the Corda platform is written in JVM (Java/Kotlin), uses a certified P2P network architecture, and communicates between nodes via TLS-encrypted AMQP/1.0 protocol. This is actually the same as the underlying logic of our SCP.”

"It's just that we focus on practical applications, while they focus on building the most basic platform and constructing an ecosystem. We're taking different paths."

After listening to Lu Hui's words, Fang Qingye asked, "Does that mean we can develop our own Corda platform?"

"Yes, and we can do even better than them, after all, we have already developed a practical application—SCP, and we have more experience in this area."

"OK, go and call Tie Jun and Lin Tao, we need to have a meeting."

The two soon arrived at the conference room. Fang Qingye briefly explained her conversation with Lu Hui. The two were not surprised, as it seemed that Lu Hui had already communicated with them.

"In light of this, I have decided to make significant adjustments to the R&D direction and business content of Zhiyun Technology! In addition to continuing the R&D and promotion of the SCP payment system, we will build a new team to focus on developing our own distributed ledger platform! The rest of the company's business will be gradually divested."

Strip?

Xin Tiejun was taken aback.

In addition to the SCP payment system, the company has developed many bank-specific software programs, including after-sales service for some companies' software, such as the NetEase system for Jinghai Bank, the payment platform of Baopay, the anti-money laundering (AML) data monitoring and reporting module of the Bank of China Software Center Shanghai Branch, and the CRM system developed by Shencheng Leixing Technology, etc.

Don't underestimate these seemingly insignificant software programs; their after-sales service can generate a very substantial income!

It can be said that a large part of Zhiyun Technology's profits now come from the support of software upgrades and after-sales service, after all, the SCP payment system has not been promoted for very long.

Fang Qingye seemed to read Xin Tiejun's mind and asked with a smile, "Tiejun, are you worried about how to handle these divested businesses, or are you worried about the company's profits being damaged?"

(End of this chapter)