April 18, 2019 - San Francisco, VeChain Summit 2019, the first global developer conference of VeChain, was held at San Francisco’s historic landmark — Festival Pavilion, Fort Mason.

Themed as “Creating Valuable Transactions”, the conference boasted over 350 developers and scholars, over 50 business decision makers, government officials, and investors from all over the world to witness the latest achievements in VeChain Tech and Innovations. In attendance were business service providers representing clients which amounted to over 100,000 globally, covering the vast majority of Fortune 2000 companies. A joint collective over $10 Billion in capital under management of investors was represented by attendees.

Featured speakers included:

  • Luca Crisciotti — CEO of DNV GL Business Assurance
  • Dr. Dan Boneh — professor of Computer Science and Electrical Engineering of Stanford University
  • X. Eyeé — Senior Technical Account Manager & Blockchain Ambassador at Microsoft Azure
  • Sid Mofya — COO of Draper Venture Network
  • Parminder Parmar and Michael Burke, Blockchain architect at Deloitte EMEA Blockchain Lab
  • Cihan Albay — acting leader of IT Tech Office Singapore, BMW Group
  • Jackson Fu — Co-Founder of CREAMethod Incubator
  • Daniel Kelman — Co-Founder of Oceanex
  • Bianca Chen — Executive Producer

Alongside the featured speakers were Next Blockchain, Fenbushi Capital, Bitrue, 8Hours — PlayTable, Plair, Safe Haven, DBET, Actiware Development and many other entrepreneurs from multiple industries in attendance sharing their insights into the status quo, achievements, and future of blockchain technology.

During the event, Sunny Lu — CEO and Co-founder of VeChain, announced Masanari Koike and Antonio Senatore as VeChain’s new advisory board members.

Sunny Lu announced Masanari Koike as the new advisory board member

Sunny Lu announced Masanari Koike as the new advisory board member

As the global CTO at Deloitte Blockchain EMEA Blockchain Lab, Antonio works closely with DNV GL to develop a blockchain solution securing the certificate issuance process for business assurance. This solution was originally built on Ethereum and Deloitte opted to migrate to the VeChainThor Blockchain. The Deloitte Blockchain team also announced that they have developed a VeChainThor Blockchain Explorer and ‘Truffle’ on VeChain named Loki. Loki allows multiple smart contracts deployment, configurations, transaction simulations, gas estimations, along with many other additional features.

As the former member of House of Representatives of Japan, Masanari has extensive experience in business development, politics, legal and compliance, and will support VeChain’s Japan market expansion and business development. His involvement will surely help to enhance the presence of VeChainThor Blockchain on the global stage.

Apart from the thought-inspiring speeches delivered, VeChain Summit 2019 also unveiled multiple one-stop enterprise-level blockchain solutions such as VeChain ToolChain, HSM Based Key Escrow Turnkey Solution, and VeKey Based Threshold Signature Turnkey Solution. The launch of these solutions will further VeChain’s effort to facilitate the digital transformation of the real economy.

This revolutionary product that enables EVERYONE around the world to implement and use blockchain — VeChain ToolChain

This revolutionary product that enables EVERYONE around the world to implement and use blockchain — VeChain ToolChain

By providing one-stop blockchain services including life-cycle management, supply chain management, data storage, data verification, and process verification, VeChain ToolChain can essentially eliminate technical threshold and significantly reduce development cost for SMEs to integrate blockchain into existing business models, thus facilitating brand image enhancement and business scaling. VeChain also used ToolChain in the interactive portion of exploration challenge throughout the summit where attendees stepped into the shoes of a VeChainThor Developer and could experience blockchain technology for themselves.

HSM Based Key Escrow Turnkey Solution

While enterprises are increasing the presence of digital assets in their portfolio, many lack the capabilities necessary to conduct proper management of such assets. To solve the problem of asset management, VeChain has developed the HSM Based Key Escrow Turnkey Solution. This tamper-proof private key management solution boasts superior security for private key storage, transactions, and other application scenarios, it can also be used for encryption, transaction signing, and identification. In addition to providing basic key escrow service for enterprises, VeChain enables independent deployment of HSM Based Key Escrow Turnkey Solution. The solution can be provided to key escrow companies to develop various products based on the mature and safe underlying technology to meet diversified market demand, reduce development costs, and improve development proficiency.

VeKey Based Threshold Signature Turnkey Solution

While blockchain can be leveraged to empower the real economy and minimize risks posed by existing systems, it may also give rise to a single point of failure (SPOF) thus adding difficulty to risk control. To address this problem, VeChain introduced the VeKey threshold signature turnkey solution, which is the first of its kind combining software and hardware to provide robust security, integrating enhanced hardware security module and optimal algorithms. The VeKey greatly reduces the risk of SPOF, ensuring the security of users’ digital asset.

VeChain VeKey Based Threshold Signature Turnkey Solution

VeChain VeKey Based Threshold Signature Turnkey Solution

In the VeChain Tech Introduction session, core blockchain engineers from VeChain presented a detailed overview of Sync and Connex. Sync provides a seamless experience for users and developers and is designed to provide superior user experiences for dApps on the VeChainThor Blockchain.

Connex serves as the dApp environment to provide the unlimited potential to developers and users. Connex is a standard interface to connect dApps with the VeChainThor Blockchain and users, comparable to web3.js, providing a set of well-designed APIs for developers. With an injected Connex Object into web applications, developers can easily build dApps. Comparing Connex to web3.js, Connex provides streamlined and lightweight methods for dApps.

VeChain Summit 2019 enabled the attendees to form a deeper understanding of how blockchain empowers the real economy, and displayed what VeChain has achieved together with its partners from across the industries. VeChain Summit 2019 demonstrated four major application scenarios of VeChainThor Blockchain: New Retail, Digital Authentication, Automobile, and Digital Carbon Ecosystem, in the hope that more enterprises and individual users can be inspired and come up with intriguing ideas to further the application of blockchain.

In the Hands-on Lab, VeChain built a unique exhibit, where attendees were allowed to explore how blockchain optimizes business management by combining software and hardware-based solutions.

Hands-on Lab at the VeChain Summit 2019

Hands-on Lab at the VeChain Summit 2019

The year 2019 will witness the acceleration of blockchain adoption. To facilitate the processes required for that adoption, blockchain startups must work closely with established enterprises, scholars, and developers. Only in this way can we achieve steady and efficient growth. The VeChain Summit 2019 added to the impetus of bolstering the development of th­e blockchain industry and surrounding VeChain ecosystem. The summit encouraged participants from all stages of involvement and proficiency to adopt new technologies exploring the untapped areas that pave the way for new developments in the blockchain industry.