Cryptocurrency News With URL like vechain101.com

[VeChain101] 53% of Senior Executives say is a "Critical Priority" for their Businesses - Deloitte
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:

[VeChain101] DELOITTE, DNV GL, AND VECHAIN TEAM UP
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, 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.

[VeChain101] VECHAIN's 2019 DEVELOPER SUMMIT PRIMER: KEY THINGS TO WATCH FOR
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.

[VeChain101] DNV GL: The ideal Partner in a digital World
For proponents of open blockchain ecosystems, the question marks are everywhere. Will regulators allow blockchains to flourish Will real companies take these startups seriously Will enterprises bypass closed ecosystems by established internet companies Do these startups have the maturity to tackle such sensitive and complex political issues With DNV GL, all those questions are being answered with a resounding yes. Since officially partnering over a year ago, DNV GL has brought much needed professionalism and guidance to the Shanghai-based startup, VeChain. On April 7th, DNV GL released their 2018 annual report, containing over 130 pages detailing the different strategies the corporation used in generating over $2.3 billion USD in 2018. While maritime, energy, and oil & gas was responsible for the bulk of that, their Business Assurance and Digital Solutions made up around 25% of overall revenue.

VECHAIN & DNV GL's MY STORY BLOCKCHAIN SOLUTION INTEGRATES WITH HAIER's ECOLOGICAL ALLIANCE
DNV GL continued their busy Spring by completing the integration of their My Story digital assurance system with Haier's Ecological Alliance. The Haier Ecological Alliance is a cooperative alliance based on the clothing industry, home appliances, furniture, and IoT-related enterprises and institutions, including research organizations and non-profits. Haier is a multinational conglomerate and world's top producer of home appliances, owning nearly 10% of the global market share for major appliances. According to a 2018 report, they own the third most valuable brand in all of China, trailing only the State Grid (national electricity company) and Tencent (WeChat). They own a number of global brands, including GE Appliances.

China and Crypto Exchanges, OceanEx - Update by Ben; Excellent Analysis (As Usual)
On Wednesday, January 24th, the biggest rumor was surrounding OceanEx's decision to allow Chinese citizens to both access the site and submit KYC documents. This comes after the platform had blocked Chinese IP addresses for more than 2 months since launch. Since then, I tested it, and was in fact able to submit KYC documents using a Chinese passport without a VPN. This opens up the exchange to a very large percentage of the world's population, and one that that has traditionally not shied away from speculative investments. A lot of people were confused by what this means for OceanEx and digital currencies in general. Many people mistakenly believe that China has been frozen out of the market after national policy banned ICOs and exchanges in the spring of 2018. Those who have followed Chinese policy, or lived in the country, know that things are never that simple. To begin, I must understate that China, as a region, never truly left the market.

[VeChain101] Cyberspace Administration of China announces Blockchain Regulations
The office tasked with censoring and overseeing the internet made one of their first announcements of 2019 on Thursday, releasing blockchain information service regulations on their website. The regulations were an important indication of where China's highest internet administration bureau stood on the development of blockchain. Throughout the release, they noted the opportunities and benefits blockchain can bring to the country and society, while also highlighting the risks. The new regulations require blockchain service providers to register their service with the Cyberspace Administration. This should be a familiar process for anyone in the industry, because it's a necessary step to creating a website. Similarly, it requires blockchain service providers obtain the identities of those using the service (KYC), and ensure that the services aren't in violation of the law. Lastly, it establishes the Cyberspace Administration as an overseeing body in the industry, capable of handing down punishment to service providers in violation of these regulations.

Analyzing the Numbers with Tim from Cryptolyze
A note on the author: Tim is a Senior Online Marketing Manager with many years experience working in the field for an online agency. His professional focus has been on quantitative and qualitative market research. He has conducted and evaluated studies for clients in various fields (including digital media, social media, logistics, sports, and gambling). Tim is from Germany, with a Masters degree in Marketing & Sales, and a Bachelor in Media Management. I always wanted to contribute something to the crypto world, so with this community survey I found a way to do so. VeChain was a perfect fit for this project because of its use cases and project structure, as well as their outstanding community.

Introducing Morpheus Labs | VeChain101
VeChain continues to strengthen their BaaS (Blockchain as a Service) offering by integrating into Morpheus Labs platform. Morpheus Labs is creating a portal for companies to employ enterprise-grade blockchain solutions without having to create them from the ground up. This puts a number of powerful blockchain and dApp solutions in an easy-to-understand format so that companies without extensive blockchain knowledge can jump right in. The platform soft-launched in October of 2018. The Singapore-based project is run by Chuang Pei-Han, who has a background in Information Systems and Fintech. His impressive resume includes studying at the University of Melbourne and MIT Professional Fintech Course. In less than a year, the project had onboarded multiple blockchains, including VeChain, Quarkchain, NULS, and NEM. Having a variety of blockchains allows Morpheus Labs to offer clients a wide range of services. This flexibility will give Morpheus Labs an advantage over BPaaS competitors such as Azure, Blocko, and Kaleido.

Ben Yorke's Article Regarding VeChain's Recent Partnerships
On Friday, VeChain announced their partnership with two technology service providers in China. Unfortunately, the news was only announced in Chinese, and sent the internet scurrying for their translation apps.  Shanghai Houlianhui Information Technology is working on a digital certification service that can be used by government agencies, schools, as well as many other professional industries like finance and law.  Zhongshang Beidou is a Beijing-based supply chain management company that provides a number of services, including blockchain-as-a-service. They partnered with VeChain to provide a food traceability program, similar to the Bright Code announcement by DNV GL.

[Ben Yorke] Wrangling with Chinese Regulations, 2018 in Review
2018 was a challenging year for the community, and many investors struggled to maintain faith as they watched market prices collapse across the board. For projects working in China, it was exponentially harder, as government regulations forced many of them into hiding or exile abroad. At the beginning of the year, they announced a ban on exchanges, as well as projects raising funds through ICOs. In the summer, they made things even more difficult by shuttering social media accounts that were discussing digital currencies, while banning events within the country. The message from Beijing was pretty clear: digital currencies would be outlawed until the central government was able to figure out what to do about them. 

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