VeChain Weekly Update June 20th

VeChain Weekly Update June 20th

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DNV GL announced that Viking Line received a My Care verification

Viking Line’s 7 ships and 6 terminals in cities like Helsinki and Stockholm all received a third-party verification from DNV GL on their infection risk management. Passengers on Viking Line ships can scan a QR code to review the results of the verification process. More info here.

AByteAhead releases Python Dev Kit for VeChain

The Python3 developer kit helps coders create tools that involve wallet creation and management, assembling and signing transactions, and a host of VeChain’s finest features, including fee delegation. More info here.

Chief Scientist Peter Zhou holds a Bootcamp webinar with Ken Woodruff

In the 7th VeChain Bootcamp session, Ken Woodruff – CTO of Real Items – explained the story behind Real Items, its vision and what drove them to move away to VeChain from Ethereum. He also gave us a quick run down about the projects they have been working on; including, a Shopify plugin, a WeChat Mini App and Hubspot integration. The full webinar recording can be found here:

Deloitte’s blockchain trends reports discusses VeChain

In the report entitled 5 Blockchain Trends for 2020, Deloitte compared various protocols including VeChain, Ethereum and Corda, three platforms that Deloitte’s Blockchain Lab works with on a regular basis. However, the report also mentioned that most enterprise use cases are suited for a private network, something the VeChain community will strongly disagree with. 

Deloitte also released their 2020 Blockchain Survey, which interviewed 1488 executives from 14 different countries on their organization’s strategy towards blockchain. The results showed that many of the barriers from previous years still exist, but that more and more companies were actively integrating blockchain into production processes. The report cautions against complacency towards regulations and risk, but does seem confident that companies experimenting with “blockchain tourism” is a thing of the past. This bodes well for VeChain, especially as some of the numbers were favorable towards primary VeChain use cases. For example, 27% of the companies revealed that track-and-trace solutions were already receiving attention, with another 23% of companies exploring blockchain for certification. These are VeChain’s bread-and-butter solutions, and both have relatively no impact from potential regulatory hangups regarding digital assets and taxation. 

There are more substantive examples in the marketplace of how both startups and mature businesses are deploying blockchain. Organizations appear to be more committed than ever to blockchain and are demonstrating this by implementing it as part of their normal course of business.  Deloitte’s 2020 Blockchain Survey

More tagged products turn up in Sam’s Club

Community member and Chengdu resident @vetblack19 stopped into the local Sam’s Club and saw a number of products tagged in their Food Traceability Program. In addition to the Tyson Chicken we’ve seen before, they als

o had a wide selection of fresh produce, including nearly all of the item’s in the cold produce section. @vetblack19 shared images of multiple types of mushrooms, leaf vegetables, chives, and more. Most of them originated from a supplier called Dongsheng, with farms located over Guangdong, Hunan, Jiangxi, Hebei, Beijing, Ningxia, Yunnan, Sichuan, and Guizhou provinces. 

Also tagged were these 20-pack of eggs pictured on the right. The producer, Beijing-based Deqingyuan, claims to be the largest egg producer in the world. Also found online were some pork products from Huarun Wufeng, that were posted by community member Fatiebomba, an admin in the Dutch Telegram Channel.

Events this week

COO Kevin Feng took part in a digital presentation on June 18th

Kevin Feng at an offline event in Shanghai

CEO Sunny Lu will take part in a conference about Supply Chain at an offline event in Shanghai

Other updates

 VeChain community artist Dr. H. Quinzel launched his own website this week. His trademark daily postings can be found at drhquinzel.com or on his twitter account. The community appreciates his colorful contributions!

Ecosystem Manager Dimitris Neocleous was featured in the Humans of Blockchain series here on VeChain101.com. His story talks about how he defied his father’s wishes and dropped his promising legal career to pursue a job in the blockchain industry. You can read the full story here.

 

 

Did I miss anything? Let us know at our new Twitter account @VeChain_101.

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DNV GL partners with Deloitte China to improve healthcare standards in China

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One of VeChain’s closest strategic partners spent the week focused on the medical industry – an industry in China desperate for reform and modernization. Burdened with one of the lowest doctor-to-patient ratios in the world, the public hospital systems remain overwhelmed, while private clinics are under-utilized, especially in rural regions. Patients show a clear lack of trust and respect for most medical professionals, a characteristic that often leads to violent attacks when they feel unsatisfied with the quality of medical service.

While healthcare has always been a focus of DNV GL, this week was a bold statement with the signing of a strategic cooperation with Deloitte China. Their partnership focuses on improving the standards of hospitals and medical facilities throughout China through training, consulting, formal certification, and improving the supply chains. While VeChain was not mentioned in the formal press release, these are all use cases that VeChain, DNV GL, and Deloitte have collaborated on in the past.

May 14th – DNV GL Business Assurance for Greater China CEO George Kang attends the signing ceremony. Kang is a member of the VeChain Steering Committee.

“As the largest professional service organization in the world, Deloitte helps the Chinese medical organizations to integrate international standardization and promote the sustainable and healthy development of the industry through the service capabilities and advantages of global network, technological innovation and operation management.”

Ms. Wu Ping, Leading Partner of Deloitte China Life Sciences and Medical Industry

This week also saw the 81st China International Medical Equipment Fair hosted at the Shanghai National Expo & Convention Center. DNV GL Management Group worked with partners to present the expo, which is the largest medical device expo in the Asia-Pacific region.

DNV GL has strategic partnerships with many medical device manufacturers, and uses its certification services to promote a higher standard of equipment and facilities throughout the region. This year’s theme was “Intelligent Reconstruction of the Future” and focused on emerging technologies such as AI, robotics, blockchain, big data, and 3D printing.

VeChain and DNV GL also added Renji Hospital to the Low Carbon Digital Ecosystem. This influential and historic hospital will provide priority services to ecosystem users, incentivizing a whole new segment of the population to take part in eco-friendly activities. VeChain’s blockchain technology can play a major role in modernizing traditional healthcare information systems and supply chains. By working with DNV GL and other strategic partners, VeChain has an advantage over many other public blockchains in the industry.

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53% of Senior Executives say blockchain is a ‘critical priority’ for their businesses – Deloitte

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This week saw the release of the 2019 Deloitte blockchain survey – polling 1,386 senior executives from companies with more than $100 million (USD) in revenue. This survey is of particular interest to VeChain, as enterprises are a large portion of VeChain’s target market. With Deloitte recently joining the VeChain ecosystem, gauging their client’s perceptions is a good indicator of how impactful VeChain’s services can be in the industry.

Most noticeably, 2019 saw a large increase in executives viewing blockchain as critical, with a noticeable decrease in those viewing blockchain as relevant but not a priority. Some other key highlights included:

  • 77% thought they’d lose a competitive advantage without blockchain
  • 56% thought blockchain will disrupt their industry
  • 83% thought there was a compelling business case for blockchain
  • 86% thought blockchain will gain mainstream adoption
  • 43% thought blockchain was overhyped

The importance of circular ecosystems, such as VeChain and DNV GL’s My Story or the Low Carbon Digital Ecosystem, was also evident, with 35% of executives claiming they had joined a consortium with competitors. 31% said they don’t belong to one, but are planning on joining in the next 12 months.

Deloitte also used the survey to highlight three key regions: China, Singapore, and Israel. These were selected because of their unique stance on cryptocurrencies and blockchain, with Singapore and Israel being particularly blockchain-friendly. China, while being negative towards cryptocurrencies, was expected to see a large increase in strategic blockchain implementation, an area that VeChain, as a permissioned blockchain-as-a-service provider, are expecting to take advantage of.

The complete survey is available here.

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Deloitte, DNV GL en VeChain bundelen hun krachten

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Een van de vele openbaringen die wij hebben ontvangen op de VeChain Developer Summit van 18 april was de aankondiging van een nieuw lid van de VeChain Advisory Board (VeChain’s adviesraad). Dit nieuwe lid was de CTO van Deloitte’s Global Blockchain Team: Antonio Senatore. Senatore wordt gesteund door een groot team van blockchain ontwikkelaars die eerder hebben gewerkt met enkele andere blockchains, waaronder Ethereum. Tussen 26 en 30 april begon het team met het migreren van al hun werk van Ethereum naar VeChain.

Deloitte maakte hun plannen met VeChain bekend op de Summit

Deloitte, een megabedrijf met een recordomzet van $43.2 miljard in 2018, zal de komende tijd blockchain-diensten gaan verlenen aan enkele van hun cliënten uit meer dan 150 landen. Om een steentje bij te dragen aan het dienstenaanbod van VeChain, heeft het blockchain team van Deloitte enkele open-source tools ontworpen. Hieronder vallen een block-explorer en een VeChain-versie van Truffle, genaamd Loki. Loki is een tool voor het creëren en beheren van smart contracts. Dit is iets wat het leven van blockchain-ontwikkelaars een stuk makkelijker zal maken. Zo kunnen zij gemakkelijker smart-contracts maken en testen.

Een deel van de voortgaande migratie omvat een groot aantal certificaten dat wordt beheerd door Deloitte en DNV GL. Deze certificaten garanderen onder andere dat de veiligheid, procedures, supply-chain en faciliteiten van hun cliënten overeenkomen met de internationale normen. Op het moment van schrijven heeft de migratie al gezorgd voor meer dan 1,4 miljoen clauses (in een periode van 4,5 dagen) op VeChain’s mainnet. Dit laat zien waar VeChain’s mainnet toe in staat is als het gaat om grote ondernemingen.

Deloitte laat het proces van hun digitale certificering zien

Deloitte is een grootmacht in de FinTech-industrie. Hun EMEA blockchain lab in Dublin zal VeChain introduceren aan hun cliënten, en met name cliënten die financiële diensten verlenen. Het meest indrukwekkend is de rol van Deloitte in het VeChain-ecosysteem: zij brengen adviseurs, ontwikkelaars en een ongeëvenaard portfolio van zakelijke cliënten met zich mee. Dit zegt veel over hoe Deloitte denkt over de samenwerking met VeChain. Zij lijken, net als DNV GL en VeChain, waardering te hebben voor wat publieke blockchains kunnen betekenen voor ondernemingen.

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Deloitte, DNV GL, and VeChain team up

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One of the many revelations to come out of the VeChain Developer Summit on April 18th was the addition of Deloitte Global Blockchain Team CTO Antonio Senatore to the VeChain Advisory Board. Senatore is backed up by a large team of blockchain developers who had previously been working on a number of platforms, most notably Ethereum. Between April 26th-30th, the blockchain team set about migrating their client solutions away from Ethereum onto the VeChain platform.

Deloitte made their blockchain plans transparent on April 18th at the Summit

Deloitte, coming off a record revenue of $43.2 billion in FY2018, will be looking to provide blockchain services to their impressive client portfolio spanning 150 different countries. In order to improve the VeChain service offering, the Global Blockchain Team at Deloitte has been building a number of open-source tools, including a block explorer and a VeChain version of Truffle, known as Loki. Loki is a tool for managing and creating smart contracts, something that simplifies the workflow for developers looking to build, test, and deploy their smart contracts on the mainnet.

Part of the ongoing migration includes a large number of certificates that Deloitte and DNV GL co-manage. These certificates guarantee that their clients’ safety, procedures, supply chain, and facilities are in accordance with international standards. At the time of writing, they had already surpassed 1.4 million clauses (over 4.5 days) on the mainnet, demonstrating an impressive example of what the VeChain mainnet is capable of in an enterprise setting.

Deloitte shows off their digital certification process

Deloitte is a powerhouse in the FinTech industry, and their EMEA blockchain lab based in Dublin should introduce VeChain to a whole new range of clients, particularly those providing financial services. Most impressive is Deloitte’s role in the VeChain ecosystem, as they bring advisors, developers, and an unrivaled portfolio of enterprise clients. This is a strong statement of intent from Deloitte, who appear to share DNV GL and VeChain’s appreciation for the value of public blockchain solutions designed for enterprises.

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