Weekly Roundup August – 9th

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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

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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

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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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VeChain Solutions on Show at the Amazon Web Services Partner Summit

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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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Vexchange updates vtho.exchange to include support for OCE, DBET, SHA, PLA, and TIC

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Shortly after the VeChain mainnet launched, users were desperately waiting for a method of converting their newly-earned VTHO to VET. The team behind Vexchange quickly put together vtho.exchange in response. Users could send funds to a smart contract which would automatically accept and send back corresponding amounts of the opposite token. Since the service was fully automated, it had many advantages over more centralized exchange options.

The smart contract could be accessed by entering a proxy address manually or by scanning a QR code, making the use of the service incredibly simple from within a mobile app. And since the contract never changed, users could save the proxy address in the mobile wallet’s address book. This way, they could exchange funds without ever having to leave the wallet.

A few months later, they officially launched Vexchange.io. It expanded beyond simple VTHO/VET swaps to include all of the VIP-180 tokens. It also allowed users to stake assets in the liquidity pools, earning trading fees as a reward. Users could connect a Comet or Arkane wallet, making asset management even easier.

Surprisingly, despite all the added features and options, many users still enjoyed using the simplicity of the QR code and saveable address. In light of this, Vexchange decided to update vtho.exchange to support VET/OCE, VET/DBET, VET/PLA, VET/SHA, and VET/TIC trading pairs. Each pair now has its own unique QR code, which links to the proxy address of the smart contract. Traders who like to swap often between these pairs can store the proxy address in their mobile wallet address book for future use.

We wanted to redo vtho.exchange to improve the service and bring it line with our vision for the rest of vexchange. We also saw a lot of traction for the vtho swap service and wanted to provide the same Web3 free UX for other tokens. Certain wallets don’t have inbuilt dapp browsers, users of these wallets may find vtho.exchange preferable to creating a second wallet for trading

Oliver Chalk – Co-Founder of Vexchange and vtho.exchange

Vexchange’s talented development pair of Kenneth Ashley and Oliver Chalk continue to improve their projects following their success in the VeChain developer bounty back in April. They plan to add statistics in their next update to Vexchange, so that users can monitor their trades and staking rewards. With new features such as VIP 191 being updated on the VeChain mainnet, there are many new ways for Vexchange and vtho.exchange to explore as they try to make token trading more convenient and user-friendly.

Vexchange added to the Discover section of the mobile wallet

Vexchange can now be accessed through the Discover section of the official VeChain Mobile Wallet. This provides a second method of quickly trading between assets.

https://twitter.com/bsc44_x/status/1151546613891883008

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MOU between DNV GL, VeChain, andDNV GL introduces new SMIT token and low-carbon ecosystem

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Monday, July 22 – DNV GL continued to push for more innovation towards lowering carbon emissions with their new proposal for a San Marino Low Carbon Ecosystem. The Memorandum of Understanding was signed by Sunny Lu (VeChain CEO), Andrea Zafferani (the Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation and Telecommunications), Sergio Mottola (the President of San Marino Innovation), as well as DNV GL Global Director of Digital Transformation, Renato Grotttola.

Andrea Zafferani, Segretario di Stato Segreteria di Stato per l’Industria, l’Artigianato e il Commercio, il Lavoro, la Cooperazione e le Telecomunicazioni della Repubblica di San Marino Sergio Mottola, Presidente San Marino Innovation - Istituto per l’Innovazione della Repubblica di San Marino S.p.A, Renato Grottola Global Director – M&A and Digital Transformation, DNV GL – Business Assurance, Sunny Lu CEO of VeChainSource: DNV GL

“We are particularly proud of this Memorandum of Understanding that certifies the Republic of San Marino as the ideal place to foster a culture of experimentation and bring blockchain to our everyday lives. We’ll give life to a project that will directly engage  citizens and reward their sustainable behavior, while also meeting the country’s demands in regards to CO2 emissions reduction, water saving and waste disposal and management. Our ambitious goal is to become the first zero-emissions country in the world.”

Andrea Zafferani, Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation and Telecommunications

What is a low-carbon ecosystem?

The purpose of a low-carbon ecosystem is to incentivize cleaner activities. DNV GL and VeChain first collaborated on a blockchain-based low-carbon ecosystem in China, working with major multinational partners like People’s Insurance Company of China, BYD, Bright Foods, as well as top local hospitals and universities. The plan was to reward eco-friendly behavior with credits that can be used towards useful products or services. For example, users who take advantage of BYD’s electricity-powered hybrid vehicles would be entitled to spend their credits on premium medical care at the prestigious Renji Hospital in Shanghai.

The San Marino Innovation Token (SMIT) will be the reward for CO2 emissions reduction, water conservation, and waste disposal and management. This is a landmark achievement for the blockchain industry, as it’s the first government to implement a public chain for assistance with environmental protection.

The China-based low carbon ecosystem, powered by the CVCT token, is expected to launch later this summer. The SMIT-powered ecosystem has a bit further to go with development, but has already been in development for over a year, according to San Marino Innovation President Sergio Mottola. Both of these tokens should bring increased volume to the VeChain mainnet, which already ranks in the Top 10 of most used public blockchains. Additionally, they should serve as an example of how blockchain technology can be used by government organizations to improve citizen services within a country.

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