Host Ben Yorke met with Palombo in the lobby of his Beijing hotel. This is following the announcement that Jur was migrating to VeChain, and that they had been selected to be OceanEx’s first IEO project. Alessandro Palombo is an expert in legal technology with 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.
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.
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.
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.
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.
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.
With this new record high, VeChain’s daily mainnet activity catapulted into third highest for all public chains. More impressively, 99.74% of this transactional volume came from enterprise dApps, burning over 35 million VTHO. The mainnet now has over 10.7 million clauses (previous monthly high was 5.3 million) with only two-thirds of the month gone. With an average of over 500K clauses per day this month, VeChain is steadily climbing up the rankings of busiest public chains.
Official Mobile Wallet Update:
The VeChainThor Wallet (v1.4.1) expanded the functionality with some new features. Tokens amounts can now be displayed in legal currency values, while VTHO has been restored to its former position below VET on the asset list.
More importantly, users are now able to access Vexchange’s decentralized exchange through the discover tab. This allows users to buy or sell VET and other tokens (such as VTHO or EHrT) without having to leave the wallet.
Vexchange’s VTHO to VET token swaps within the mobile wallet.
Strategic funding in Jur:
Jur have signed a Strategy and Development Agreement with VeChain. This includes an investment to help Jur provide legally compliant blockchain solutions for businesses using the VeChain blockchain as a technical framework. As one of the newest projects entering the VeChain ecosystem, the team’s impressive professional background and connections to European and San Marinese regulatory organizations are sure to catch the attention of future investors.
“As VeChain we decided to invest and select Jur as the infrastructural partner for the legal solutions on blockchain. It is invaluable to create solutions for enterprises for creating legally binding agreements on-chain in an easy way and solve disputes easily and we as VeChain are focused on adoption by businesses. We welcome Jur as our Partner and foresee a great level of use by the community”
Sunny Lu, VeChain Foundation CEO
OceanEx’s Big Week
The biggest announcement was that they had raised millions of dollars in Series A funding, allowing them to move forward with their next steps towards global compliance as a top exchange. They announced that in addition to an IEO platform, they were also planning on rolling out Fiat-to-Crypto services by the end of the year.
On July 20th, OceanEx will have a global meetup in Frankfurt. In addition to team members, VeChain CEO Sunny Lu is expected to be in attendance, as they jointly answer questions while exploring new collaborations with partners and community members. For those who missed it, they also listed Ravencoin (RVN/VET, RVN/USDT) and Decred (DCR/VET, DCR/USDT).
5th Annual China International IoT Expo in Xiamen
July 11th-13th had VeChain’s CTO Gu Jianliang representing the foundation at the international event. An impressive collection of attendees included Huawei, Alibaba, Tencent, China Telecom, China Unicom, China Mobile, Amazon, and a number of universities and institutions.
Gu Jianliang’s speech entitled “Scenario Driven Application, Linking Limitless Possibilities” was delivered during the RFID Industry Application and Innovation Forum. He discussed the combination of RFID and blockchain while also introducing ToolChain and VeChain.
Third Party Projects
Cecil Alliance:
The project dedicated to building the Internet of Animals released their first article in a series entitled Discover Cecil. It covered a section from their upcoming whitepaper, which should be released later this month.
Plair:
The gaming platform released their quarterly update which featured a summary of their last three months as well as a look ahead to the future. They announced new additions to the team, as well as plans to move from alpha testing to public beta by the end of next month.
Decent.BET:
Three weeks after their launch on PlayDecent.gg, the platform announced their new ad series to target new users. Gamers are now able to compete for tokens in PUBG, APEX Legends, Rocket League, DOTA 2, Fortnite, and Hearthstone, with Magic: The Gathering expected to launch in two weeks.
https://www.youtube.com/watch?v=BUqe–O53dE
Lastly, a reminder to keep an eye on the X-Node transfer market as one node sold for only 10,000 VET. With the average price around 400,000 VET, this was quite a bargain. Using email notifications from the Wallü wallet tool, you can be notified if someone lists an X-Node below or at a certain price point.
Vexchange’s VTHO to VET token swaps within the mobile wallet.
