TL;DR:
- Officially announced a partnership with BMW Group
- Officially announced a partnership with the Mathematical Institute at University of Oxford
- Officially announced the first ICO with BitOcean ATM Exchanges
- Officially working on a Carbon Bank solution to improve carbon reduction alongside DNV GL, Universities, and Governments
- DNV GL’s CEO of Business Assurance to announce a food sourcing solution next week at conference in Tokyo
- Introduced three DApps - VeVID, VeVOT, VeSCC
- 80+ employees over four locations and growing: Shanghai, Singapore, Paris, Tokyo
- New website www.vechain.org
Full event video:
Timecodes:
- 09:43 - 11:08 - VeChain Thor Intro video.
- 11:43 - 13:29 - History of VeChain and the rebranding process
- 13:30 - 14:13 - Community related growth
- 14:14 - 16:48 - Blockchain history
- 16:48 - 17:20 - Core beliefs of VeChain
- 17:35 - 25:45 - Governance model & Economic model
- 25:04 - 25:45 - VeVID, VeVOT, VeSCC
- 25:45 - 26:19 - Bitocean ICO
- 26:20 - 27:44 - Carbon Bank alongside DNV GL, Tsinghua University, and government agencies
- 27:45 - 28:52 - Introducing Oxford Mathematical Institute as a partner
- 28:53 - 34:37 - DNV GL Business Assurance, CEO Luca Crisciotti
- 34:38 - 36:30 - Elton Huang, leading partner of PwC and the uplifting of the THOR hammer. New website vechain.org.
- 36:31 - 37:25 - BMW Group announcement + End
Today, VeChain Foundation hosted the rebrand event showcasing the consortium chain VeChain to the public blockchain VeChainThor. This event was an invite-only occasion for media and partners with a live stream to YouTube. During the event, Sunny Lu and Luca Crisciotti of DNV GL talked about the past, present, and future of VeChain.
Sunny clarified that VeChain's uniqueness is not only technical but also its understanding of ecosystems. He pointed to the governance and economic models as examples. This sentiment was echoed by Luca as he assured everyone that after meeting with countless blockchain solution representatives he chose VeChain as the partner for DNV GL because of their understanding and dedication to the customer.
This mindset has lead to over 180 opportunities for VeChain in 2018. Many of these opportunities are left unannounced, but in the course of the event, VeChain announced several new partners and opportunities including the University of Oxford Mathematical Institute, Carbon Bank solutions, BitOcean ICO, food sourcing, and BMW Group.
Also in this event, Sunny Lu showcased three decentralized applications (DApps) that are being built to cater towards the mainnet launch. Those DApps include:
VeVID - KYC and digital ID maintenance solution that can be native to all VeChain applications or partners. You can read the official announcement here.
VeVOT - A voting service that will be initially used by the VeChain governance model. This solution will be available for other general voting events to be logged on the blockchain such as government voting and board votes. Voting results will be audited by independent partners and certified on the blockchain.
VeSCC - Smart contracts on the VeChainThor mainnet can be categorized into certified and uncertified, which can be checked in the explorer. The certification of smart contracts covers various aspects including the identity of the owner, the legality of the purpose, and the security of the source code.
At the event, the carbon bank solution was made public to raise awareness that VeChain is building solutions alongside DNV GL that will monitor, analyze, and reduce the carbon footprint. This solution is being used and researched by universities (Tsinghua University), businesses, and government bodies.
In this event Sunny Lu took the time to introduce the University of Oxford (Mathematical Institute) as a partner in the VeChain ecosystem and will be working on assuring the economic model is working as intended for VET holders, VeThor users, and new customers. It was also mentioned that Japanese FSA certified partner BitOcean would be the first ICO on VeChainThor.
Luca Crisciotti left with words of encouragement of VeChain “We are not talking about pilot projects, we are talking about solutions that are working for real cases.” Luca went on to say: “DNV GL is a company with over 150 years of history. And unfortunately, this is something we can not share, because you [VeChain] were only born a few months ago. But we do have something in common, and it's a bright future. So thank you Sunny for the partnership and this amazing event.”