Shanghai Gas (Group) Co., Ltd, a wholly-owned subsidiary of Shenergy Group Company Limited with registered capital of RMB 4.2 billion, collaborates further with VeChain to develop a blockchain-enabled energy project. As the overseeing body of the pilot LNG management solution in the Zhoushan LNG Storage and Distribution Centre co-convened by VeChain and ENN Energy Holdings Limited, Shanghai Gas saw the reductions in transaction complexity and cost brought by blockchain technology, and decided to seize the opportunity for more investments.
February 25, 2020, Shanghai,China — Dr. Peter Zhou, the Chief Scientist at VeChain, and Dr. Zhijie Ren, the Senior Researcher on Blockchain at VeChain, recently published a preprint paper titled ‘SURFACE: A Practical Blockchain Consensus Algorithm for Real-World Networks’.
A proper blockchain governance system needs transparency and operational efficiency which enables continual and rapid innovation. In order to achieve the main goal of operating a decentralized public blockchain with the capacity to scale and at the same time complying with regulators, governments and to meet the needs of large enterprises, VeChain aims to improve its governance model with the ability for continuous iterations alongside rapid progression in ecosystem development.
The 3rd Belt and Road Initiative (BRI) Forum of Tsinghua University, guided by the People’s Government of Shanghai, Tsinghua University and the China Association for Social Workers, has been successfully held in Shanghai from December 19 to 20. (News source from people.cn, a Chinese state owned media)