Sneak peak at Aqua, a new project in the Carbon Bank program

For many people familiar with the projects in and around DNV GL and Vechain’s collaboration, the addition of an Aqua logo was a source of surprise. Not much is known about the project, so I did a bit of research to learn more.

Aqua’s early website aquaworld.io is evidence that the project is still in the early stages of development. The whitepaper is expected to be released first in Chinese this week, with an English language whitepaper following shortly after. I spoke with the operations manager, Linda Dai, to get a better feel for what the project brings to the Carbon Bank ecosystem. She confirmed that the team is actively working on forming a shared data solution in conjunction with their partner, TaoTaoKe, in which users can monetize their digital content. Taotaoke will look to bring their millions of users and user-generated content into the Carbon Bank project, while having Aqua and Vechain use their unique strengths to bring the data on-chain.

For consumers, this means easier data management, allowing them to better control and protect their content. While the exact extent of the relationship is still under negotiation, it’s clear that the amount of data from the Carbon Bank project is going to be massive. As more companies join the project, it will create even more opportunities for data to be shared in a cross-chain environment, where for example Vechain could use its IoT technology to provide traceability on a product, while Aqua compiles eligible data from the same goods and organizes it in a way that benefits a separate segment of the data marketplace. With volume, variety, and velocity being the main challenges of data management, Vechain will need strong partners to fully extract the maximum value for consumers and enterprises. Linda Dai went on to mention that Vechain’s core chain technology will be a fundamental part of Aqua’s blockchain, which will allow Aqua to focus more on content.

Confidence is high in Aqua’s team, which was founded by the former Chief Architect of the world’s largest money-market fund, Alibaba’s Ant Financial Yu’E Bao. This is just one of the reasons why Vechain and DNV GL has entrusted such a valuable role in the Carbon Bank to Aqua.

Members of the Carbon Bank Project

DNV GL prepares to unveil the Carbon Bank project from the China International Import Expo

Tomorrow at 1:30 PM (UTC + 8) will be DNV GL’s presentation, in which the Carbon Bank project will be officially unveiled. For those interested in learning more about the Aqua project, the international telegram link can be found here.

Currently, Aqua is looking to begin developing their overseas marketing and international community, those interested in supporting and helping to manage the various communities can get in contact through the telegram link.

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