Affected by the global epidemic, the CPChain Foundation executed a similar operation strategy in the first quarter of 2020. While continuing to vigorously reduce team expenses and expenses on non-essential issues, the team continued to seek the potential opportunities of technology adoptions in fields of Internet of Vehicles, smart cities, and public safety. The board has been working hard on seeking mass adoption and capitalization in different scenarios. In Q2, we will also release the updated version of the CPC wallet with more stability and functions. The community governance function will also be merged in the last version of the wallet. We expected to see more community involvement in this project. Regarding Business Development, we are confident to see more progress in the next Quarter and once we get any talkable achievement, we will let the community know at the very first second.
The beginning of 2020 is quite hard for everyone, the foundation wishes everyone in our community the best and we can achieve more in the upcoming summer.