With many key projects and ecosystem developers descending on San Francisco for the inaugural summit, we took a speculative look at what might make the April 18th event noteworthy. In addition to hands-on tech demonstrations, attendees will be hoping to hear plans from the multitude of speakers taking the stage at the summit.

NOTE: These predictions are based on publicly-available information and prior knowledge of the speakers. Words in italics are unofficial predictions by the author. Vechain101 writes unofficial articles on the VeChain ecosystem and the thoughts and predictions don’t represent the views or plans of the VeChain Foundation.

Product announcements:

On April 16th, VeChain gave us a glimpse of VeChainWorld, a development hub and application center designed to provide third party developers access to key resources. This will be instrumental in the creation of new dApps and blockchain-based games. At the summit, we hope to learn more about how products like VeChainWorld will allow non-foundation developers to get involved. From 10:30 to 11:10, COO Kevin Feng and core developers Tony Li and Jack Wu will discuss a number of planned features and products for third-party development. 

In the afternoon, from 1:00-1:40 Jerome Grilleres (GM of VeChain Europe) and Sarah Nabaa (GM of VeChain SEA & Australia) will introduce ToolChain, which provides resources for SME’s looking to implement blockchain solutions for their own products, services, and supply chains.

Core Business and Blockchain Development:

A 2:05-2:30 pm speech from Luca Crisciotti (CEO of DNV GL’s Business Assurances) will likely discuss how DNV GL is successfully implementing blockchain solutions like My Story around the globe. Of notable interest to attendees is plans to expand into the seafood, clothing, and automotive industry as My Story moves beyond providing European wine makers with verification and traceability solutions.

From 1:40 – 2:00, VeChain CTO Gu Jianliang will discuss how in-house hardware products are combining with ERP and ISM solutions to give enterprises easier access to blockchain solutions.

Stanford’s Dan Boneh, a leading blockchain researcher, will likely discuss how they are working with VeChain to provide new advancements in blockchain technology. Those familiar with Boneh will be particularly interested in hearing about Bulletproofs, a proposed technology that allows private data to be partially obscured while still remaining verifiable on the blockchain. This would grant enterprises even more key tools and allow them to upload more sensitive data in a secure fashion.

Key Ecosystem Partners:

From 3:00 – 3:25, all eyes will be on Cihan Albay from the IT Tech Office of BMW Group as he discusses how BMW is integrating VeChain blockchain solutions with their VerifyCar app. VerifyCar app is likely to provide users with immutable data from built-in vehicle sensors and vehicle service centers. 

Deloitte has yet to release any information regarding their rumored cooperation with VeChain, so Parminder Parmar (Senior Blockchain Architect at Deloitte’s Digital Blockchain Lab) should grab the attention of summit attendees.

Similarly, X. Eyeé, a blockchain ambassador from Microsoft Azure, will likely discuss how public platforms such as VeChain are enticing and providing value to enterprise customers. Eyeé assists Fortune 500 companies adopt blockchain solutions, so should provide valuable information on the role VeChain is taking.

Draper Venture Network sent their COO, Sid Mofya, to provide insight on how global investors are approaching public blockchain startups. Information on how VeChain is working with Tim Draper’s clients and investments would be welcome by those in attendance.

Sergio Motolla, the CEO and Director of the Scientific Committee of San Marino Innovation, will likely focus on how governments, including San Marino’s own government, is approaching blockchain and innovation. Summit attendees will be keen to hear the role VeChain plays within San Marino’s blockchain development plans.

Other Speakers Around the Ecosystem:

OceanEx’s CTO Zhou Jiayu (Michigan State University Professor) will likely share details on OceanEx’s development, including how key technologies like AI are allowing OceanEx to establish themselves as an industry leader.

Totient, the creators of the VeForge block explorer, VeForge Vault (A Ledger hardware wallet solution), and Comet (a web-based VeChain wallet and NFT ecosystem) will likely be sharing their experiences developing on the VeChain platform.

Other VeChain ecosystem projects such as Plair, Decent.Bet, Safe Haven, and 8 Hours will be on hand with tech demonstrations and interactive exhibits to showcase their projects.

Last but not Least

All eyes will be on VeChain CEO Sunny Lu, in the hopes he will include information on a number of existing projects, such as the Low Carbon Digital Ecosystem. As Sunny Lu has spent the last few months in an endless series of meetings around the globe, listeners will also be hoping for details on potential new cooperations, use cases, and roadmap details.

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With the VeChain Application Development Bounty in progress, the community has a number of interesting new blockchain applications to vote on. One of the latest entries comes courtesy of the vechainstats.com development team – and promises to empower users with a host of new wallet management tools.

Wallü (we still aren’t sure how to pronounce this) allows users to connect using Comet or Sync, and immediately provides a dashboard loaded with personalized statistics. With the informative efficiency we come to expect from vechainstats.com, users can match up their totals with the percentage of the total supply, their position on the ‘rich list,’ and real dollar values of their holdings. VTHO statistics provide users with a history of their node reward payouts, as well as projections for monthly and yearly reward totals. This is just the first step on the roadmap – future updates will include advanced graphs and management tools, node marketplace stats, as well as email notifications that allow users to be informed whenever transactions leave or enter a wallet. Email notifications are a vital way to stay informed of wallet activity, especially for users trying to raise funds or manage multiple wallets.

VTHO stats track the history of node reward claims and include projections for future ROI

Impressively, this was pieced together in just a week of development. After seeing a need for better wallet management, lead developer Fabian hastily assembled a working prototype to “compare and monitor several wallets, specifically to fill the gap between vechainstats.com and the VeForge block explorer.” He plans to add a number of features on the roadmap later this week, and continue development after the VeChain summit on April 18th.

Fabian continued by listing a number of features he felt were most valuable to the ecosystem. He made the X-Node auction feature in response to user requests on vechainstats.com. It works by sending users an email whenever a node is listed below a certain price, granting users a convenient way to monitor the market. Fabian believes this feature (expected to be functioning later this week) will help stimulate the X-Node marketplace, as users are able to track prices around the clock. He also hopes that these tools will encourage more people to download and use Comet and Sync, two important tools in the VeChain ecosystem.

Most importantly, Wallü is completely free to use. Like vechainstats.com, Fabian funds the project entirely on his own, mentioning that he enjoys supporting the community with services and tools that people enjoy using. He was thankful for all the donations vechainstats.com receives, noting the support goes beyond just financial help, it’s also a great motivator to keep improving his products.

Currently the community voting round is in progress. Community members are encouraged to vote on their favorite dApps, giving developers a shot at valuable rewards. The winners will be announced at the VeChain Developers Summit on April 18th in San Francisco. Support Wallü or other projects by testing them out and voting.

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

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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After the VeChain Community Survey we will now take a look at one of the most important projects in VeChain ecosystem – Safe Haven.

The survey was open for participation from February 5th to 12th. It was shared via Twitter, in the official SafeHaven subreddit and in various SafeHaven related Telegram groups. With more than 1,500 Safe Haven wallet accounts and more than 10,000 followers on Twitter, the survey would have needed at least 370 participants (95% confidence level, 5% margin of error). A total number of 378 people sent in their answers.

Let’s dive right in and have a look at the key findings of this survey.

51% of all participants have heard of SafeHaven before the token sale took place in Q3 2018. Therefore, it is not surprising that 40% bought their first SHA tokens during the token sales. And that’s not all: More than two thirds of the token sale participants bought additional SHA on exchanges afterwards.

Another amazing number in terms of token sale participants: 79% have sold less than 10% to none of their SHA so far. A little more than half (54%) said they have more than 1,000,000 SHA and therefore enough tokens for a masternode.

And the participants will not part with these tokens so quickly, because an incredible 99% would not sell their SHA at the current price. As already with VeChain, the price expectations are very high. SHA to VET is the most important price pair for the majority of the participants (63%).

It gets really interesting when you look at the questions about the masternode program.

The people were asked to rate the masternode tiers on a scale from 0 to 10 (0 = too low  | 5 = just right | 10 = too high). It seems that SHA has chosen the levels wisely, as almost all masternode levels move around the middle (Legacy = 6.7, Consensus = 6.2, Harbor = 5.6, Connect = 5.5).

More than two thirds of the participants plan to hold a masternode. The different levels are divided as follows:

Of the people who want to hold a masternode, only about half (48%) have collected enough SHA. If the required SHA tokens of all participants are added together, the total is 423,054,000 SHA – about 3.4 million per participant.

For SafeHaven it should be extremely important to know what the users think about the services offered.

The good news is that more than half (51%) of participants plan to use SafeHaven services at this early stage and only 4% said they would not. The bad news: 45% are not sure yet. There is still a lot of persuasion to be done.

Participants were asked to rank the known services on a scale of 1 to 10, where 10 stood for “I know everything about it”.

The SH Inheritance Platform (6.1), ThorBlock – which 24% of respondents have already used before – (6.0) and ThorPay (5.9) scored best. But even among the top riders, there is still a great need for information on the part of the community.

This is followed by the Trust Alliance Network (5.5), the SafeHaven Wallet (5.4) and the Atomic Transaction Protocol (4.9). U2FA Fido (3.9) finished last.

Probably the most impressive value of the survey was the question of a solution to the problem of the death of a crypto-holder. 97% would use a service that ensures that the access data is passed on to the family.

Also interesting was the question of trust in SafeHaven. Even though 75% is a very good value – especially if you consider that this is a business where a lot of money is involved – SafeHaven should think about approaches to convince the remaining 25% of them as well.

Finally, users were asked to rate various statements about SafeHaven. SafeHaven received top marks for its communication with the community and the future of the project. Many participants were also of the opinion that SafeHaven is the most promising project from the VeChain ecosystem.

Feedback on the website was asked in two open-ended questions and general feedback was requested. The users see some potential to improve the newly designed website. The general feedback was very positive, as was the overall survey.

The complete survey report can be downloaded here.

Like VeChain before, SafeHaven also achieved very good results. In some questions VeChain’s values were even exceeded (e.g. communication with the community). A very good sign for a project as young as SafeHaven, since confidence on the part of the community and investors is an elementary building block for success.

If you have any questions, please feel free to contact me on Twitter at @hh_tim. You can find more contact options on my website www.cryptolyze.online

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