Weekly Roundup August – 9th

by | News

Toolchain Day #2 – Shenzhen

VeChain’s Baas Platform, ToolChain, is hitting the road on Saturday to share hands-on training and information with the Shenzhen community. ToolChain is currently powering multiple solutions in China, with the most famous example being Walmart. The platform allows businesses or approved users to link products with blockchain IDs using QR codes, NFC, and RFID chips. The first ToolChain Day was held last month in Shanghai.

OceanEx Go

OceanEx announced the launch of OceanEx Go, their IEO platform The first project has been selected, and is scheduled to be announced on Saturday the 10th.

Penfolds Bin 407 joins D.I.G’s Platform

One of Australia’s most prestigious wine brands, Penfolds, is joining D.I.G’s wine traceability platform.

This was the first time that Penfolds, one of Australia’s most famed and respected winemakers, had been empowered by blockchain for enhanced transparency and traceability. Founded in 1844, Penfolds is best known for its iconic Grand Wine. Over the years, Penfolds has won a number of accolades and awards. For example, the 1955 Grange was named one of the top 12 wines of the 20th Century by Wine Spectator, and the 2008 Grange picked up a perfect 100-point score from Wine Spectator and Robert Parker’s Wine Advocate.

Source: VeChain’s Official Medium

Sneakercoin (SNK) minted on the mainnet

SNK, originally known as Swell, was minted with a total supply of 2 Billion tokens. Swell was in the news for placing over 30,000 NFC tags at Innersect, a fashion exhibition in Shanghai last year.

https://twitter.com/BenYorke/status/1070863659608367104

Swell, based in Shanghai, will look to disrupt the lucrative shoe industry in China. Judging from the Swell app, they tend to target high-end basketball shoes, which is a large part of the 212 billion dollar sportswear industry in China.

Hacken migrates to VeChain

HackenAi is joining forces with CREAM to relaunch their project on the VeChain mainnet. This includes their own token, HAI, which will power the large, white-hat hacker community.

The HackenAi (pronounced Hacken’Eye’) product is designed in every way to fit into the modern cybersecurity landscape. It is a 360°-cybersecurity-companion product that takes a proactive approach of user cybersecurity. It consistently watches all potential threats and malpractices, immediately prompts users with timely, detailed information, and suggested steps to take in mitigating the risks of exploitation. It also has a preventive approach to educate users to take charge of their digital assets to achieve a 99.9% level of protection against all known cybersecurity threats.

Source: PRNewswire

Jur Releases Updated Whitepaper

With major updates just a few weeks away, Jur’s multi-layer blockchain-based legal ecosystem is described in-depth in the latest release.

Direct Link

Jur recently announced their migration from Ethereum, and their intention to launch the Open Layer in the upcoming weeks. The Open Layer is a crowd-based dispute resolution system that can make solving micro-disputes affordable. A second product, the Jur Editor, allows users to easily create smart contracts to ensure trust between two parties. Funds can be locked in an escrow, and released when certain automated parameters are met.

Comet’s Mobile Browser Open Beta

Another big landmark in community development is reached with the release of Comet Mobile’s Open Beta. The Browser functions like any other browser, such as Safari or Chrome. However, it’s built in wallet dApp allows websites with blockchain functionality to interact with a user’s VET and other digital tokens.

Comet is designed to be decentralized and secure. This design allows it to be used with any compatible website or dApp, giving community developers a great way to reach a larger user base.

SafeHaven Releases July Development Update

This update included the latest news on SHIP – the Safe Haven Inheritance Platform. Users who purchase a SafeKey hardware wallet will be able to assist in the upcoming beta testing for SHIP. SHIP is the main product of Safe Haven, allowing users to lock digital assets into a smart contract, that can be accessed by heirs in the event of an accident or death. Safe Haven is testing their platform while compiling user guides in advance of their launch.

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8 Things to Know About Comet Leading up to Mobile Open Beta Launch

by | News

If you’re familiar with VeChain, you’ve probably heard of or even used the Comet browser extension. Released in early 2019, Comet brings blockchain applications on VeChain to your favorite web browsers. With the new mobile app right around the corner, it has grown to be so much more than just a browser extension. Here are the top 8 things you should know about the upcoming Comet mobile app!

1) Comet is both a browser and a wallet.

The first thing you’ll notice when you open the mobile app is that it looks like a web browser, similar to Chrome or Safari, and that’s because it is! What sets Comet apart is its built-in crypto wallet with ability to power blockchain applications. Users can visit websites with blockchain features and have a secure way to handle transactions and manage assets.

2) Comet is the first wallet with fee abstraction.

Want to transfer your tokens or use dApps but don’t have any VTHO? With Comet’s groundbreaking new feature, fee abstraction,  you can pay transaction fees in any token you hold. This is a big step towards making VeChain more adoption-friendly.

3) Comet is an open platform.

Comet supports open standards and protocols like web3 and Connex, and because there is no whitelist of dApps, you are free to build and use any applications your heart desires. If it exists on the internet, you can get there with Comet.

4) Comet supports all VeChain based tokens, including NFTs.

With Comet, the wallet interfaces themselves are dApps, including the default wallet called “Tokens” that ships with the mobile app. This means that developers can very easily create their own wallet interfaces for their tokens so that users can manage them on the go.

Comet is also extremely supportive of other community projects. For example, users can send their YEET tokens to their Comet address and access them at https://wallet.yeetcoin.io directly from the Comet mobile app!

5) Comet is decentralized.

Your private keys never leave your wallet. While some wallets sacrifice decentralization and security for improved user-experience, Comet delivers the best of all worlds. It uses a truly innovative UX while maintaining complete decentralization.

6) Your Comet wallet is your passport in the decentralized world.

Use a single account to gain access to all of the different decentralized applications running on VeChain. As the ecosystem grows, Comet will be the key to utility and entertainment running on the platform.

7) Comet has native support for CometVerse avatars!

Decentralized avatars are a fun way to add flair to your pseudonymous blockchain identity. You can create yours for free by visiting https://cometverse.com and it will be used as your profile picture on your favorite dApps.

8)  Open beta goes live on August 8th

This will be available on both Android and iOS.

Sign up at https://mobile.cometpowered.com

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Why Jur is not just another ICO

by | News

Jur recently announced they’d be one of the latest projects to launch a token on the VeChain network. Up till now, however, the VeChain community hasn’t had much information about the project. Here’s a quick summary for those who are interested in learning more.

1. Jur is a blockchain-based legal solution、

It offers dispute resolution for people dealing with contract or other legal issues. There are multiple layers, starting with an Open Layer, designed to solve small disputes under $500. Two parties in a dispute can upload their proposals for a resolution. After they agree, the funds necessary to settle the dispute (in JUR tokens) will be uploaded to a smart contract while they await the result of a public vote.

Other JUR token holders will be able to vote (using tokens) on the proposal they believe to be the most fair. The voters’ JUR tokens will also be held in a smart contract to be distributed after the voting is complete (By default, it’s 24 hours). The users who voted for the more popular side are rewarded with a portion of the losing-sides’ tokens. This risk/reward incentivizes the community to vote fairly, honestly, and as often as they can. Since anyone can use the voting mechanism to potentially increase their assets, there is a good chance the service will be popular. On the other hand, voting in favor of a losing proposal will result in lost tokens, encouraging people to take the act of voting seriously and ethically. The whitepaper has the details of many other algorithms used by Jur to discourage cheating and ensure fairness.

2. Jur is also building solutions for more serious disputes、

In addition to the Open Layer, Jur is working on a Community Layer and a Court Layer. The aim of these is to provide a legal ruling using non-anonymous voting. With the Court Layer, legal professionals will be able to create digital identities, allowing them to take on more serious disputes. Since all disputes are handled on chain, the reputation of these participants will be at stake, as an added incentive to take part in an ethical and professional manner. More details of these layers are available in the whitepaper.

3. Jur is building a platform for Smart Legal Contracts、

They will offer a drag and drop contract editor to allow companies and users to build their own contracts from scratch. This will also allow developers to upload their own templates to the marketplace, so that users can quickly browse, purchase, or customize existing contracts. Jur’s aim is to make smart legal contracts accessible to the public, for everyone to use.

4. Jur has a well-qualified team、

Jur is not made up of some amateur developers. CEO Alessandro Polambro has quite a background:

Alessandro is an expert in legal technology and in 2013 he became the youngest lawyer permitted to practice in Italy. Alessandro has a Ph.D. in Administrative Law and a Master’s Degree in Global Regulation of Markets. He is an Advisor of the European Observatory on Legal Technologies and a Member of the Scientific Committee of San Marino Innovation.

Jur.io website

Likewise, he has built a large core team and surrounded them with advisors and a scientific committee made up of some of the top legal, technical, and institutional professionals in the world. According to Jur, they will be announcing more details about their team and partners in the upcoming weeks.

5. They have a real product – not just hyped up vaporware

Since this project originated on Ethereum, the Open Layer’s platform and smart contracts have already been written. Jur expects to launch the platform and token around the same time. This should be before the end of summer, once the frontend is fully migrated over to VeChain. To learn more on why Jur migrated to VeChain, be sure to read this article entitled “Behind the scenes of VeChain’s partnership with Jur” on their Medium.

For more info, check out Jur.io or follow them on Twitter.

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A Guide to VeChain Wallets and Token Management Tools

by | Guides

A Guide to VeChain Wallets and Token Management Tools

In this guide, we look at some of the different ways to manage VeChain tokens while including some handy tools for wallet management. It’s important to familiarize yourself with different methods so that you can get the most out of the ecosystem while still ensuring your digital assets are safe.

VeChain Token Naming Standards

Native Tokens

These include VET and VTHO, the two main tokens that power the ecosystem.

VIP180

This is a subset of ERC-20 and can be used for token-based projects on VeChain platform.

VIP181

Non-fungible tokens (NFTs) that are used for nodes, game pieces, and other dApp usage.

Officially-Endorsed Wallets

1. VeChainThor Mobile Wallet for iOS or Android

This offers a ton of exclusive features, including access to the official node marketplace where users can take part in auctions or directly transfer nodes. Besides being able to store, view, and transfer assets, users can also access the “Discover” section which includes a number of community built dApps.

Why do you need it?

Many ecosystem activities will be centered around this wallet. Node holders will find the many node services to be particularly useful. Being able to discover and use new community dApps will be a major reason to keep opening the wallet.

2. Sync (Desktop Wallet)

A desktop web browser that has built-in wallet functionality. Web pages that support VeChain dApps will work flawlessly within Sync. Sync is also a great way to view and transfer VET tokens from your computer.

Why do you need it?

Using a desktop is just more convenient, especially when using more complex dApps.

3. Comet (Plugin for Chrome or Brave)

This plugin integrates with your regular browser to give you a lightweight but well-designed wallet. Made by Totient Labs, this tool functions similarly to MetaMask on Ethereum.

Why do you need it?

A very secure and lightweight plugin is a must-have for many dApps and blockchain games. The Comet icon sits in the top right corner of your browser, giving you quick access to your wallet and other info.

Other Wallets and Tools

1. Arkane Wallet (Third-Party Web Wallet)

Direct Link: https://arkane.network/

Designed to make cryptocurrency more simple, this multi-chain tool allows users to sign up for a wallet using Facebook, Gmail, or an eMail address. While this offers you less security compared to a regular wallet, it’s a good option for when you need fast account setup. Cool features allow you to send tokens to an email address, as well as to trade tokens directly within the wallet.

Best feature: Instantly create wallets using your Facebook or Gmail accoun

2.. MySafeWallet (Browser-based Wallet)

Direct Link: https://mysafewallet.io/account

This wallet was created by the Safe Haven team to allow access to Comet users. It functions like MyEtherWallet, and plans to offer Ledger and Safe Haven hardware wallet support in the future. At the moment, features are pretty limited.

Best feature: Future integration with Safe Haven’s hardware wallet.

Wallet Management

1. Wallü (Requires Sync, Comet, or Mobile Wallet)

Direct Link: https://wallu.vechainstats.com/

This handy analytics tool shows a number of wallet-related statistics. You can access Wallü using Comet, Sync, or the Official Mobile Wallet. It also allows the set up email notifications related to the node marketplace, so that users will be alerted if nodes within their price range are put up for sale. Also, users can monitor other addresses for management on transparency purposes.

Best feature: In-depth statistics about your holdings.

2. VeChain Tokens (Requires Sync)

This financial tool can be used to manage VIP180 tokens within Sync. The sending features are quite advanced, as you can use Multi-Task Transactions to bundle a number of clauses into one transaction. You can manually enter multiple recipients, or upload a .csv file with the list of transactions to initiated. This is especially useful for companies or developers who regularly pay salaries or make other bulk payments.

Best feature: Complex transactions using MTT.

3. My Tokens (Requires Sync)

Direct Link: https://tokens.vecha.in/

This simple token management tool allows you to view and transfer VIP 180 tokens from within Sync. The real advantage here is a very user-friendly interface.

Best feature: Clean interface and easy VIP180 token management.

4. Fabrx (No wallet integration required)

Direct Link: https://dash.fabrx.io/thread/alerts/VET

This simple tool allows users to receive email notifications whenever a wallet sends or receives tokens. Great for monitoring personal, tipping, or charity accounts that may receive funds at irregular intervals. Wallets don’t require ownership, so users can track foundation or other accounts as well.

Best feature: Incredibly simple email notifications.

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VeChain Solutions on Show at the Amazon Web Services Partner Summit

by | News

Wednesday, July 31 – VeChain is a Gold Sponsor of the Amazon Web Services (AWS) Partner Tech Summit in Beijing this week. On Wednesday, VeChain CTO Gu Jianliang introduced many of VeChain’s solutions to an audience of over 15,000 attendees and 200 APN (Amazon Partner Network) companies.

Source: WeChat Link

VeChain offers a one-click deployment of their blockchain-as-a-Service platform on AWS. This gives AWS customers easy access to VeChain’s BaaS – a complete package of RFID/NFC chips, IoT sensors, and other mobile technology.

Gu Jianliang discussed how the cooperation between AWS and VeChain was a win-win scenario for both platforms. He also talked about how VeChain was using blockchain technology to empower the Digital Low-Carbon Ecosystem, Liquified-Natural Gas Solutions, Consumer Confidence Indexes, and ToolChain solutions in many industries around the world.

The AWS Technology Summit is a large-scale event hosted every year in many cities around the world. In 2019, it will host three events in mainland China. Partners and customers showcase AWS’s latest products and services. At the AWS Technology Summit, participants can meet face-to-face with in-depth technical lecturers and over 10,000 builders and industry leaders to gain a comprehensive understanding of AWS in computing, storage, networking, databases, AI, Big Data, data-analysis, automation, IoT, network security, and compliance.

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