March 28th: Update from Asia

On Thursday, March 28th, Mars Finance hosted their blockchain contributors meeting in Chongqing, China. In attendance were around 150 blockchain projects and over 1000 industry professionals.

Notable attendees included Tencent (WeChat) Blockchain general manager Chen Weige, who discussed Tencent’s approach to blockchain. The majority of the topics were focused on how blockchain applications could bring value to both companies and users, a theme that is central to China’s stance on the technology. Also discussed was JP Morgan and Facebook’s entry to the blockchain industry, and how that would help accelerate adoption.

Vechain received an award for most influential public chain, while OceanEx received an award for being a new digital asset exchange

This event indicates an increasingly obvious trend in China towards blockchain, marked by both enterprise adoption and real-world application.

In Singapore, VeChain regional manager Sarah Nabaa gave a presentation on DNV GL’s enterprise solutions to a crowd at IoTAsia.

https://twitter.com/FatalFatalexe/status/1111182906129408000

On display was the Digital Low Carbon Ecosystem, a collaboration between many large corporations to reward users for reducing carbon emissions. This continues a busy week for GM Sarah Nabaa, who had attended the launch of the Tribe Accelerator in Singapore the previous night.

The Tribe Accelerator is a blockchain startup accelerator launched across Seoul, Shanghai, Singapore, and San Francisco. It links projects to valuable resources and experts, including existing VeChain partners such as BMW, PwC, and MOBI.

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Rumors about Shanghai-based project DropChain working with VeChain

After a tweet on Thursday night by DropChain founder Billy Chan, speculation began circulating about a possible partnership between the two companies.

https://twitter.com/Chanzilla/status/1106079778434473985

What is DropChain?

DropChain is a project designed to solve many issues with data management, product verification, and supply chain optimization, with a focus on the food and beverage industry. This is an area that VeChain has put a strong focus on, and is keen to continue developing. Currently, DropChain is operating as a business-to-business (B2B) wine and alcohol seller in Shanghai.

To date, they have developed relationships with numerous craft beverage brands in Australia and New Zealand, providing those companies with a method of entering the lucrative Chinese market. DropChain provides support with selling, and gives these brands access to data and transparency within what can be a very complex supply chain and importation process.

What does a partnership with VeChain offer?

VeChain’s experience in the B2B markets combined with their multi-layer blockchain technology can vastly simplify DropChain’s platform development. Aside from their standard platform, they are in the process of completing their blockchain-based minimum viable product, which they plan to test on the VeChainThor platform over the next few months. In September of 2018, the two companies tested a proof of concept, setting the groundwork for future collaboration. If everything goes well, they could give VeChain a valuable resource in developing the Australia and New Zealand region, while providing on-chain data and transactions to further enrich the ecosystem.

You can read more about DropChain here.

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VeChain & DNV GL’s My Story blockchain solution integrates with Haier’s Ecological Alliance

DNV GL continued their busy Spring by completing the integration of their My Story digital assurance system with Haier’s Ecological Alliance. The Haier Ecological Alliance is a cooperative alliance based on the clothing industry, home appliances, furniture, and IoT-related enterprises and institutions, including research organizations and non-profits.

Haier is a multinational conglomerate and world’s top producer of home appliances, owning nearly 10% of the global market share for major appliances. According to a 2018 report, they own the third most valuable brand in all of China, trailing only the State Grid (national electricity company) and Tencent (WeChat). They own a number of global brands, including GE Appliances.

My Story, which is built on the IoT platform by DNV GL and the VeChain blockchain, is integrated with Haier’s clothing networking platform to provide exclusive customized solutions for apparel companies within the ecosystem. This includes embedding RFID tags and QR Codes that track information about the materials, design, and brand of clothing. All this is verified by DNV GL and uploaded to the blockchain, empowering consumers with more knowledge of the products.

The first products of this partnership on the blockchain are viewable here. The initial participants in this clothing alliance are YeeHoO英氏, HLA, and a few other companies as listed on the Haier Ecological Alliance’s website.

All this is part of Cosmoplat, Haier’s massive digital industrial solutions platform that includes industry giants such as Bosch, Alibaba, Cisco, Huawei, and many more. More details will be announced in April, in Hannover Germany.

An additional Chinese Source is listed here.

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Introducing Comet’s new decentralized marketplace

This week Totient announced their new p2p marketplace, which allows users to auction or sell their Comet NFTs (non-fungible tokens). Comet, a browser extension that allows users to securely manage their VeChain wallets directly from within Google Chrome or Brave Browser, provides users with a gateway to a world of blockchain-based applications and games.

Users can customize the appearance of their Comet in the Cometverse, as well as chat and trade VeChain tokens with other users. Customization options include a series of bright colors and novelty items.

To date, Comet has announced a series of item giveaways, including novelty hats and eyewear. Some of the rarer items had a limited release, and were completely claimed in a matter of seconds. To the creators of Cometverse, this came as quite a surprise. Totient Co-founder Clinton Bembry talked about how the whole concept was designed to be a demo for the Comet browser extension, but were encouraged to keep developing it by the strong positive feedback.

Bembry continued by stating that they’ve only scratched the surface of how they can continue to improve the user experience. The p2p marketplace is just one of many innovative new features they plan to implement.

While the popularity of the Cometverse may have been unforeseen, the direction Totient is following is much more purposeful. The marketplace is built on a protocol they call Valkyrie. Details haven’t been fully announced, but eventually this protocol will become available for other developers to use within their own dApps when creating an NFT marketplace. This is just another step in Totient’s journey towards making the VeChain blockchain more user-friendly and accessible for developers and users alike.

Learn more about Comet here.

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Arkane & Vexchange

In early February, Vexchange launched as the first decentralized trading platform on the VeChain network. It allows users to swap a number of tokens using smart contracts that instantly complete the transactions. It also allows users to stake funds, earning them a share of the transaction fees. Since launch, it has been responsible for creating more than 1700 on chain transactions, as users familiarized themselves with the swapping service.

*Data as of 02/21/2019

Integrating Vexchange into Arkane’s Wallet

Arkane has now integrated the Vexchange services directly into the Arkane wallet. When logging into Arkane.Network, users will notice the addition of a “Swap Assets” tab. This will allow users to instantly change funds between all the VeChain tokens (VET, VTHO, DBET, SHA, PLA, and TIC).

This means that Arkane’s users will have access to Vexchange’s swapping services without even realizing they are accessing a third-party service. It improves the user experience, simplifies the process of trading, and continues to remove the technical barriers to owning digital currency. It’s also a great example of the synergy these third-party projects are able to achieve when developing together on the VeChain network.

What is Arkane?

One of the ways you can use Vexchange is by linking a digital wallet from Arkane.Network. Arkane acts as a bridge between users and decentralized apps by providing a number of user-friendly features. For example, you can create a wallet and store funds using only a Gmail or Facebook account, and you can send funds to other people using only their email address. This works even if the other person has never set up a digital currency wallet before. Website owners can add Arkane’s API into their website, allowing users to interact with various blockchains. Arkane provides a suite of great fund-management tools that bring together websites, users, and the blockchain in an easy to use package.

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