VeChain Weekly Update (July 11th)

It was a euphoric week for long-term VET holders as the price soared briefly over $.02 for the first time in years. This dramatic increase in price was fueled by anticipation for Sunny’s appearance at the WAIC on Thursday and other news becoming more widely shared on social media. Exchanges like OceanEx benefited, with the VET price pushing daily trading volume over $100 million (pictured to the right). The OCE token had its own rally, giving investors a taste of what the ecosystem is capable of when investor sentiment is positive.

Sunny delivers keynote speech at WAIC 2020, Walmart China also shows off

On Friday July 10th, Sunny gave a presentation for the “Blockchain, AI and Future Industries” category in the World Artificial Intelligence Conference 2020. The event took place in Shanghai until 11th July and showcased the globalizing trend of AI technology, industry and applications. Guests include representatives from companies like Amazon, Intel, Tencent, Microsoft, IBM. The hybrid event featured pre-recorded presentations interspersed with some live commentary.

A recording of his speech (in Chinese) can be found here from minute (4:10:44). It provided an overview of blockchain for business and examples of how ToolChain is being used to helps companies solve key industry pain points.

Walmart China’s presentation was perhaps even more of a talking point, as Dr. Yan Zhinong explained to the audience how Walmart China was using VeChain’s technology to provide product traceability while also complying to government specifications across the many cities and provinces that Walmart China operates in. Walmart China has received a lot of praise for their platform, which speaks positively to the effectiveness of these types of track-and-trace blockchain solutions.

Top 10 entries of VeChain’s official video contest announced

After assessing all the videos submitted to the VeChain Community Video Contest 2020, the team announced the top 10 finalists. Node holders can now vote for their Top 3 submissions via VeVote before July 12, 23:59pm UTC+8.

The official announcement and video playlist can be found here.

VeChainDev account releases 3rd SDK written in C#

The VeChain core development team released the .Net Core library SDK written in C# on July 6 . The SDK supports cross-platform and Unity, and is the core code base of the third language released by VeChain. It aims to provide a more friendly development experience for community developers, data analysts and other technology enthusiasts.

A preview of the code can be found on GitHub.

Mediterranean Hospital of Cyprus adds all of its lab tests to E-HCert

Following it’s pilot with COVID-19 tests, the Mediterranean Hospital of Cyprus has now extended its adoption of the E-HCert app by adding all of its lab tests to the app, besides just the COVID-19 tests that were used in the closed beta trial. This is a major vote of confidence for the application, which gives patients more control over their medical tests and data. 

Deadline for 8Hours Foundation’s “Limited Edition Voyager Treasure and VIM Giveaway” passes

On July 8th, a snapshot of all VeChainThor wallet address was taken. Addresses meeting the event criteria will receive exclusive VIM and EHrT rewards as soon as the special VIMs are minted. Owners can interact with their VIMs through both the VeChainThor Mobile Wallet or VeChain’s SYNC Desktop Browser. There was an unexpectedly high wallet distribution with over 1,000 eligible accounts.

Guangming Daily publishes an article about My Care

On July 9th, Chinese state media Guangming Daily covered a story about My Care and its importance to maintain public health protection by using health codes to verify the infection prevention measures of a location. The article included a detailed explanation of My Care, VeChain’s and DNV GL’s role in its development and sample venues that have passed the assessment such as the Shanghai InterContinental Hotel, Hongqiao State Guest Hotel or the Jiangsu Qingshan Conference Center.

The reporter also mentioned a signed Memorandum of Cooperation between Walmart and the Chinese Quality and Safety Supervision Department of the Ministry of Agriculture and Rural Affairs to coordinate the construction of a quality and safety traceability system for agricultural products.

The original article can be found here.

Sunny attends the Huangpu District Headquarters Salon as a surprise guest

Organised by the Shanghai Huangpu District Financial Office, PwC, Yuanhe Medical and two additional companies, the Huangpu District Headquarters Salon took place on July 9th. The event gives government officials in Shanghai and representatives of leading enterprises from various industries to share their development experience and discuss current affairs and new industry opportunities. As a surprise guest, Sunny was invited to give a speech about VeChain’s commercial application and the contribution of blockchain technology to the prevention and control of COVID-19.

VeChain is featured in Global Blockchain Applications report published by Shanghai government

During the WAIC 2020 conference, the Shanghai Municipal Commission of Economy and Informatization and the Shanghai Finance Information Association released a joint report entitled 2020 Global Blockchain Innovation Applications. The report analyzes existing blockchain applications and showcased several of VeChain’s working partnerships such as with Shanghai Gas, Walmart China and H&M.

Learn what the report had to say about VeChain here.

Binance.US explains VeChain and announces support for VET staking

On July 11th Binance.US published an introductory article about VeChain and confirmed that it will support the distribution of VTHO to VET holders. The official articles can be found here and here. 

The new Vulcan Forged marketplace goes live

Vulcan Forged announced its new fully functional marketplace that is currently being tested by the community. The official announcement and video tutorial can be found here.

CoinGecko integrates Hacken’s CyberSecurity Score to Rankings

CoinGecko has been rising in popularity recently as investors seek an unbiased ranking site for cryptocurrency metrics. Their Trust Score, created in May of 2019, is designed to rank exchanges based on their ethics and security.

Today we’re proud to announce that we have found the right partner – Hacken, to work on this initiative together to increase user awareness on the need for exchanges to improve their cybersecurity practices. 

Hacken is a cybersecurity firm established in Estonia that has been proactively tracking exchanges cybersecurity practices in the past 2 years through their work at CER.live. In particular, we looked at the CyberSecurity Scores for crypto exchanges as evaluated by the Hacken team. There are three main categories which were evaluated:

1. Product & Infrastructure – This covers how well an exchanges’ frontend & web services are set up against external facing threats. Evaluates availability of features such as Server Security, DNS SEC, Firewalls, Spam Protection and more.

3. User Accounts – This evaluates the ability of an exchange to protect its users against external threats, such as enforcement of 2-factor authentication (2FA), Password Policies, Captcha, Phishing protection and more.
4. Others – No less important than the above – Hacken also considers any previous hack cases & the availability of bug bounty programmes which can help crowdsource vulnerability disclosures in a responsible and controlled manner.

To read the whole blog article, click here.

Hacken’s CEO Dyma Budorin then held a fireside chat with CoinGecko’s COO Bobby Lee, which you can read about on Medium.

Suzhou’s Qingshan Conference Center publishes article about My Care certification

On their official WeChat account, the conference center published an exhaustive list of preventative measures they took to ensure the safety of guests and staff. The hotel had been subject to a series of inspections and training led by DNV GL’s medical experts. The article also included a render of the certificate awarded to the hotel, which explained the validity of the certificate was subject to the requirements of regular and unannounced surveillance. This indicates that a My Care certification could contribute regular blockchain transactions as the business or facility is consistently inspected.

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