The VeChain news now show that the cryptocurrency is maturing a lot, just like the system behind it. During the first presentation of what is known as the “boot camp,” the CEO and co-founder of VeChain Sunny Lu spoke and said that the VeChain Toolchain solution is the missing piece to the mass adoption of the coin’s blockchain.
As you probably know if you’ve been reading our cryptonews, the VeChain Foundation announced the “VeChain boot camp” at the beginning of May, which is a live-streaming webinar series coming in response to the fact that due to the COVID-19, no conferences can be held right now.
Basically, the idea is to use the VeChain ToolChain as a way to “scale systems.” The CEO of VeChain, Sunny Lu, spoke about this solution and its role in the adoption of the VeChainThor blockchain by partners and customers. Lu presented the VeChain ToolChain development roadmap from 1.0 to 4.0 and said that this system will be the key to mass adoption for the entire blockchain industry.
“Using the history of the Internet, SaaS and E-commerce as basis, there will be a new era of standard blockchain services to power almost every sector, every industry across the globe. The scalability is vital to all blockchain platforms,” Lu said.
The CEO of the cryptocurrency project also spoke about VeChain and how it enables business partnerships. The foundation is working behind the scenes to provide the infrastructure. Among the trusted partners, we can see companies like DNV, GL, PwC and others, all of which playing an important role in the implementation of blockchain projects for various of their own customers.
“We are working with the big enterprises like DNV GL, PwC, and Deloitte and help them serve their customers,” Lu stated. “DNV GL can provide digital verification based on the data on the blockchain instead of sending people everywhere to do the auditing and inspection.”
In the end, Lu stressed that integrating the blockchain into a company through VeChain ToolChain won’t take years, but only two to three months in order to become fully functional and ready for the real business world.
A major factor for success is the VeChain Foundation which does not only focus on the blockchain technology itself, but that the solution is larger than a Blockchain-as-a-Service (BaaS).
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