A 2018 Reflection and 2019 Outlook

2019-01-09 16:11
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2018 was a phenomenal year for the development of the blockchain industry and the VeChainThor project. Despite the market condition, our plan of building the decentralized business ecosystem remains unchanged. Since the mainnet launch, we have witnessed the continuous growth of mainnet transactions as a result of increasing enterprise adoption and third party developers on the VeChainThor blockchain. After just recently celebrating the first decade of bitcoin/blockchain we are acutely aware that the next decade will be driven by professionals, enterprise adoption and business value which will be the key driving force for the development of regulatory environment and industry standard.

Here is a sneak peek at the 2019 outlook.

In 2019 VeChain’s mission is simple — grow the transactions with business value and build infrastructure services around the VeChainThor blockchain to facilitate mass adoption. VeChain has been pioneering small and large enterprises to run their business on the public blockchain infrastructure. Our processes have enabled us to gain a deep understanding of the building blocks needed for mass adoption. In 2019, we target to make these components available for both enterprises and individual developers to leverage.

Firstly, we will focus on growing and enabling enterprise applications and dApps supporting real business activities. We will provide not only the developer documentation and tools but also smart contract templates, SDKs and turnkey package templates of those essential components needed for most blockchain application such as wallet, tokenized asset issuance, data storage, digital asset management. By this way developers, startups, and enterprises can plug in those components and focus the efforts on what they specialize in and realize their business ideas.

Expanding our partners network including consulting and technology partners across globe and making them experts on VeChain’s technology and solutions is another key mission of ours in 2019. We have created blockchain solutions meeting the needs of enterprises and developers at different levels from zero development to full customization, which tremendously helped us on board enterprise users. In 2019, we will further open up these solutions to users and partners. By leveraging VeChain’s open and modular blockchain services, our partners will be able to reach a significantly broader scope of business owners who would like to use blockchain technology. We believe the real applications will inspire the development of the VeChainThor blockchain infrastructure which in turn enables new applications.

In addition, through the collaboration with established enterprises we understand that mass adoption also requires an open and, often times, innovative regulatory and legal environment. Blockchain applications in real business environments would be the key driving force of regulation and legislation development. And VeChain is contributing to that through our collaboration with national governments across multiple regions.

While looking into 2019, let’s take a few minutes to recap what we have achieved in 2018.