VeChain’s weekly summary – 5/25 – 5/31

Note: VeChain’s official Chinese weekly report can be read here. The following is an unofficial translated summary.

5/26 – PwC’s RTalk Future Medical Health Forum

VeChain remained present in the medical industry, following the recent announcement of their partnership with Renji Hospital. On Sunday, CEO Sunny Lu spoke at the RTalk Future Medical Health Forum. The event took place at the Shanghai PwC Innovation Center, where Lu discussed the topic of “Medical Health + Blockchain” with guests.

Lu had the opportunity to introduce VeChain to a number of PwC’s guests at the event, including:

• Dr. Qian Jianzhong – President and CEO of EDDA Technology, PhD in AI and Computer Intelligence from Virginia Tech, former Siemens R&D Project Manager
• Chen Penghui – Founding Partner of Boyuan Capital
• Jiang Min – Partner at Softbank China Capital & Assistant to President of Fosun Group
• He Chuan – Executive Director of the China AI and Medical Imaging Research Academy (CAIERA)
• Ma Junxi – PwC China M&A Partner

RTalk is a platform co-created by PriceWaterhouseCoopers, the Shanghai American Chamber of Commerce, and a number of other education, corporate, and government partners.

5/26-29 – Big Data Expo

At the Guiyang Big Data Expo, VeChain shared their insights on how blockchain improves “Green Finance” and the digital economy. The Guiyang Big Data Expo is one of the biggest tech events of the year in China, and was attended by big names such as Alibaba, Huawei, DNV GL, and the United Nations. You can read more on this here.

5/27 – Chery Jaguar Land Rover Digital Innovation Tech Fair

This tech fair was held in Changshu, a city neighboring Suzhou and Shanghai. Invitees included VeChain, IBM, Amazon AWS, Microsoft, GE, Accenture, and China Unicom. VeChain’s project manager Tian Xinli gave an introduction to VeChain’s digital solutions focused on both the automotive industry and the Digital Low Carbon Ecosystem. Through this exchange, companies such as Chery Jaguar Land Rover were able to get a better understanding of how public blockchains can solve issues within the automotive industry. Also at the event were a number of high-ranking executives, including Dr. Liu Dong, the Innovation Manager of Accenture Greater China. This allowed VeChain to present and exchange ideas for future technology and business development.

Chery Jaguar Land Rover is a 50:50 joint venture between Chinese automaker Chery and the UK’s Jaguar Land Rover. The Changshu-based company allows Jaguar Land Rover to produce vehicles directly in China.

5/28 – ToolChain and Community Development

VeChain held an open course on blockchain technology and advanced consensus algorithms, as part of an initiative to create a more knowledgeable and technically capable community. You can read more about the event and VeChain’s new community strategy here.

ToolChain adoption is sure to be one benefactor of increased community knowledge. VeChain set up a special training session to work with channel partners from many different industries, including agriculture, investment, IoT and more. They introduced key ToolChain topics including pricing models and basic setup.

Also on the 28th, VeChain’s Project Manager Perkins Chen along with regional GM’s Sarah Nabaa and Jason Rockwood gathered in Shanghai to record a ToolChain instructional video. These videos are now in post-production, so expect to see this informative content in the future.

Those interested in using ToolChain can register and apply for a free trial here.

5/29 Other Tech Updates

VIP 191 was added to the VeChain testnet. VIP 191 is an innovative protocol that allows easy VTHO fee deferrals on transactions, which you can read more about here.

VeChain has partnered with Slowmist to launch a 10,000 USD bug bounty. You can take part in the bounty at:
https://vechain.typeform.com/to/qETZ0K

As part of Dutch Blockchain week, VeChain, WorkFork, PISA Research, and the Research Institute have put together an online hackathon with a prize pool of more than 5,000 EUR.

You can register for the hackathon here.

5/30 Hello Future Summit

Sunny Lu capped a busy week at the Hello Future Summit, organized by TechNode and Li & Fung. Li & Fung is a major supply chain management company with over 12.7 billion USD in revenue in 2018. Sunny Lu took the stage to discuss the topic “When Fashion Meets Blockchain” and also introduce other industry-oriented use cases.

Other News:

Note: This didn’t appear in VeChain’s official release.

Jur, a new project working on decentralizing dispute resolution, announced their intention to adopt the VeChain platform.

Smart contracts are going to change everything, but they do need, in a lot of cases, an effective, affordable, and quick dispute resolution system. So we are the only project to provide legally binding arbitration on the blockchain. We have three different models of dispute resolution. The first is purely decentralized — I am proud to say we have an MVP that we developed on Ethereum and we are moving to VeChain. We are going to test it in cooperation with Universities and our community by this summer.

Alessandro Palombo – Jur Founder and CEO

Find out more about Jur here.

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