VNT Weekly | VNT Chain Project Progress
VNT WEEKLY, June 19

Published in

VNT Chain Labs

4 min readJun 21, 2018

This is the weekly report of VNT Chain in which you will find about the latest project updates, community news and development progress. It would be a great honor for us to share exciting news and build the ecology with you!

Project Updates

1.On June 9, Yunphant Blockchain, the technology service provider of VNT Chain, was selected into “2018 Hurun Blockchain Companies Ranking” –the Top 20 Leading Company because of its significant advantages: the excellent performance in technology platforms, most landing cases in financial sector, leading position in global invention patent ranking and the like. The awarding-winning news was reported and reposted by numbers of media platforms and received wide attention and praise both inside and outside the industry.

2. On June 13, the First Line of Finance provided an in-depth coverage of Yunphant Blockchain, the technology service provider of VNT Chain. Dr. Huang Butian stated that the blockchain anti-counterfeit platform that developed by Yunphant Blockchain and Industrial Bank, and the Credit Certificate Project developed by Yunphant Blockchain and Minsheng Bank can solve the tamper-able problem of contracts and bills. And based on the fundamental measures mentioned above, the transparency of the entire circulation process of Credit Certificate and a series of problems in traditional SWIFT network facilities including low-speed, opacity, and problems between agencies can also be solved. At the same time, Dr. Huang proposed that there are still limitations in the entire infrastructure and the landing of applications, so the Integration and landing with the real economy is crucial in the next few years.

3. On June 15, Google and Startup Grind jointly hosted a show in Hangzhou, exploring the future landing of the public chain. Mr. Zhou Feng, the co-founder of VNT Chain, was invited to conduct a dialogue with the host. This show attracted a group of loyal fans in the VNT community to join in discussions. In conversation, Mr. Zhou Feng put forward that the bottom-level public chain is the basis of future commercial development of blockchains. Only by laying the foundation of the bottom layer, can blockchain projects be truly implemented and applied. At the same time, Mr. Zhou also proposed that the public chain is the first step to perfecting the infrastructure of the blockchain, but the sole development of the public chain is actually difficult to fully meet the needs of commercial applications. Therefore, the development direction of the next-generation distributed intelligent value network will not be a single-chain development, but a brand-new breakthrough in the “consortium chain + side chain + public chain” scenario, which is also the core goal of the VNT distributed value network.

Community News

1.VNT Chain Global Roadshow Premiere—Chengdu is under preparation. We will invite a number of distinguished guests to communicate with our community members, active contributors, and technology developers, bettering the VNT Community and distributed intelligence value network. 13:30 on 24 June, Youbei Space, 10th Floor, Building 4-B, Jingtong International Plaza. Be there or be square!

2. On June 12, the "VNT Chain White Paper Analysis Series" continued to serialize. Series 2 focused on the technical difficulties in the existing public chain technology in terms of consensus efficiency, ease of use, and scalability, and elaborated the breakthrough and innovation of VNT_P as a public chain in terms of consensus mechanism, smart contracts, and side chain mechanism. It Put forward the prospect of VNT_P: The new public-chain solution created by VNT_P makes VNT Chain's public-chain value transfer network efficient, easy to use, and scalable, overcomes several major technical difficulties of traditional public chain technology, and makes VNT Chain better serve the real economy.

Development Progress