V Systems’ Quarterly — 1-2Q2024

Our strategic readjustment, some recent updates, and our gratitude for your support

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V Systems

5 min readApr 28, 2024

Over the past year, V Systems has embarked on a journey of strategic readjustment to build a sustainable future for the V Systems ecosystem and better contribute to the healthy development of the blockchain sector as a whole.

Through continuous R&D — and despite the challenges that came our way — we have consistently strived to adapt to new industry changes and remained uncompromisingly committed to delivering best-in-class blockchain solutions. With new tools and projects about to be released, we cater to individuals and organizations alike to bring the perks of blockchain technology to real-world scenarios.

As we just entered the second quarter of 2024, we are excited to share more about our recent progress with you, while more results will be made available in the third and fourth quarters of the year.

Improving the V Systems dev experience

A key focus of our endeavors has been to explore innovative solutions that can significantly improve the on-chain experience.

Our dedicated team of developers has been steadily working on VGraph — a cutting-edge tech stack designed to unlock enhanced technical capabilities and WASM smart contract support. Anticipated for release in 2025, VGraph aims to complement our existing V Atomic Swap feature to facilitate seamless cross-chain swaps. Furthermore, it will augment our existing enterprise multi-chain, cross-bridge hub ensuring compatibility between VSYS and three leading chains — Ethereum, Polygon, and BNB.

VGraph will not only bolster the flexibility of our tech infrastructure but also maximize its ease of use, ultimately contributing to expanding the V Systems ecosystem.

Building a sound ecosystem for individuals and enterprises

In the past few months, we have implemented numerous projects that helped us shape a more comprehensive ecosystem and enlarge our corporate infrastructure network.

Shortly after the release of our NFT-compatible Titan Wallet, we introduced the VKube Kubernetes-based containerization platform in late 2023, which aims to enable cost-effective, modular deployment for developers and startups of all kinds and all seniority levels. While it is undergoing continuous optimization efforts, VKube is currently already being used to deploy services for entertainment and casual apps.

Most recently, the Tetriverse, a Tetris-like game spiced up by Web3 innovations such as NFTs, concluded its alpha testing on April 26. The game is expected to launch in May/June 2024, targeting thousands of players around the world.

As we strengthen the space devoted to our new developers and investors, our platform company, Coded Solution, is broadening and diversifying our ecosystem for businesses and organizations. Through tailored tools as well as infrastructure frameworks, we have successfully assisted numerous companies in adopting blockchain technology.

Enterprise tools

Co+Pay and the VIO platform are two of the latest projects, powered by the V Systems’ technology, to offer efficient digital payment and asset tokenization services, respectively.

The award-winning Co+Pay solution aims to integrate smooth and secure digital payment technology into existing systems and frameworks. To ensure widespread adoption and accessibility, the teams are actively working towards onboarding a diverse range of users and partners across regions, with the first tangible results to be expected in the 3rd and 4th quarters of 2024.

Seeking to facilitate liquidity, enhanced accessibility, and cross-platform transactions in a variety of industries, the VIO tokenization platform is set to unlock new opportunities in the realm of asset tokenization. By leveraging V Systems Token and NFT Contracts, it seeks to help companies digitize their vouchers and loyalty point programs, and smoothen processes for internal staff and external customers alike.

Enterprise infrastructure projects

Alongside enterprise-level tools, Coded Solution has been actively involved in the development of various infrastructure projects and DAOs (Decentralized Autonomous Organizations) for prominent players in multiple industries.

These collaborations encompass sectors such as travel, finance, telecommunications, and food & beverage, boasting existing communities that span millions of users. As part of our commitment to fostering a robust corporate partnership ecosystem, FoodLink and Tour To Love are among the latest MoUs we have signed in Mar/Apr 2024. More partnerships with other industry heavyweights are in the making — although most of our projects are NDA-bound, we pledge to share as much as possible with our communities.

Acknowledgments and awards

Coded Solution has been officially acknowledged for its outstanding blockchain solutions for organizations in Hong Kong. It was awarded both the Best Consumer Payments Initiative as well as the Outstanding Blockchain in Payment Solution by Etnet Fintech Awards 2023. Earlier this year, it was included in the Hong Kong Green Fintech Map by Cyberport and the Hong Kong government.

More is coming soon — more developer-relevant initiatives, more enterprise-level projects, more events and campaigns. And as more challenges come our way, we renew our pledge to keep our heads down and focus on work — results will speak for themselves.

The support we have received from the community has been invaluable, and we are immensely grateful. Also thanks to you, our passion and commitment to blockchain innovation remain unwavering.

About V Systems

V Systems (VSYS) is an open-source network that supports decentralized applications’ efficient and agile development. It is designed for real-world use cases, making it possible to create, send, trade, and track tangible or intangible assets in a digital form. VSYS can handle millions of transactions daily and it runs on a decentralized, open network.