Last week, Dimitris Neocleous, the VeChain Foundation’s Head of Ecosystem Build, attended B.R.E.W 2022 alongside high profile participants.
While there, he presented multiple sessions covering VeChain’s technology & sustainability roadmaps and updates on applications of VeChain’s blockchain technology within the healthcare space.
The VeChain focus was not limited to Dimitris’ sessions, however, with many interesting updates and developments relating to VeChain’s partners. Below, we share a recap of key information and highlights from the event.
VeChain x Technology and Sustainability Roadmap
During B.R.E.W 2022, Dimitris gave a presentation on VeChain’s roadmap through 2023. Following the opening of the Foundation’s new Technology Centre in Dublin, Ireland, the developmental cadence has increased considerably. With more hands on deck, more initiatives can be worked on in parallel.
Dimitris shared updates on the current technical and sustainability roadmap, which can be broadly split into sustainability-related tools, developer tools and ‘digital ecosystem’ tools.
Our digital ecosystems have been in development for some time. Since 2018, following the introduction of the ‘Digital Low Carbon Ecosystem’ we’ve been working towards a goal of delivering mass-scale digital ecosystems that reward and incentivise participation by businesses and publics, and leverage the power of trustless data to create transparency and trust.
At Messari Mainnet 2022, it was revealed that VeChain will be launching a new whitepaper with a focus on sustainable digital ecosystems in Q1 of 2023. Digital ecosystems have proven particularly compelling for businesses, enterprises and governments who see immense value in them. Discussions during ATP and other recent events have demonstrated this clearly.
Dimitris also unveiled extensive upgrades to many aspects of VeChain’s technology stack, in pursuit of its mission of becoming the most versatile and real-world ready public blockchain in the industry, while also empowering community developers and users new and old, too.
Our new wallet will play a key role in this future, providing a slick, easy onboarding experience for newcomers to the ecosystem.
Dimitris shared details about the wallet, coming in web wallet (think ‘MetaMask’ for VeChain), mobile and desktop application form. It will contain many new features, including a carbon calculator, fiat on/off ramps, DeFi, a new dApp store and much more. The wallet will have a dedicated team, making regular quality of life updates and upgrades.
VeChain x Healthcare Applications
Another topic covered by Dimitris was ongoing developments in the field of healthcare. To date, VeChain has gained considerable experience in this sector, developing projects in areas ranging from IVF to oncology, lab test results and clinical trial drug traceability systems. All abiding by data protection regulations and, in Europe, GDPR compliant.
In the session, Dimitris shared updates about e-hcert, a medical application first announced in 2020 and currently being used by two private hospitals in Cyprus. Following two years of use, the freely application has demonstrated its efficacy in a real world hospital setting.
B.R.E.W 2022 — Plentiful Discussion Around VeChain Application
In addition to Dimitris’ own presentations, other participants shared projects being built on VeChainThor. One such project was Decent HS.
Decent HS unveiled its health and safety focused platform utilising VeChainThor to digitise the assets of a company within a given plot or building.
By doing so, auditors gain access to instantly verifiable trails of data to ensure the validity and safety of various inspection data, while businesses can demonstrate regulatory compliance far more quickly and efficiently.
Decent HS are building their platform to advance the 8th UN Sustainable Development Goal of ‘decent work and economic growth’, ensuring safe and proper working conditions, leveraging the power of new digital technologies.
Grant Thornton Cyprus, who announced their partnership with VeChain in 2020 and later unveiled themselves as an authority node, is collaborating and helping to provide auditing services for the firm, building a compliant and sustainable digitised Health and Safety ecosystem on the VeChainThor blockchain.
During a workshop, Dimitris met Marios Tannousis, Deputy Director of Invest Cyprus, the national investment partner of the Republic of Cyprus. The organisation helps guide the government in relation to investment areas and furthers Cyprus’ capabilities as a nation by helping it stay ahead of emerging global trends.
VeChain, CREAM LLC. and Invest Cyprus signed an MOU in 2018, and, at the event, Dimitris and Marios discussed advancing the exclusive and highly beneficial relationship further.
Dimitris also had the chance to meet with the Electi team during the event. Electi announced their partnership with VeChain in a LinkedIn post in September 2022.
Their team specialise in development and are helping VeChain build new smart contract capabilities and technical features, including new tools and developer libraries, part of VeChain’s mission to make building on blockchain incredibly simple and powerful.
Deforestation Prevention Using NFT Technology
An exciting and innovative use case in development also came to light during the event — using VeChainThor to combat deforestation.
By combining IoT, NFT and blockchain technology, this team are creating ‘digital twins’ for trees — a digital counterpart that can monitor and track changes in real time, allowing for rapid response to illegal activity.
These kinds of technologies promise powerful tools for areas of the world where illegal deforestation is having catastrophic consequences on biodiversity, such as the Amazon rainforest.
An exciting technical showcase
Attending events such as these represent important networking opportunities for VeChain. The Foundation’s ‘digital ecosystem’ approach and real-world tested tools continue to gain traction among governments, companies and project teams of all sizes.
What’s more, as VeChain’s technical tools advance and the general understanding of blockchain technology improves, third parties are building and deploying their own solutions independently, marking an important turning point for mass adoption. The technical tools the Foundation will deliver in 2023 will only accelerate this pace further.
The VeChain Foundation prides itself on proactively leading these discussions and being a key player in advancing real world adoption of blockchain technology. The Foundation’s focus on compliance, relationships with leading global consultants such as DNV and proven real-world capabilities position it as the only realistic choice for companies and organisations seriously looking to build real world applications.
The VeChain Foundation remains supremely confident of its position in this new, blockchain-ised world, and looks forward to the many exciting initiatives and developments to come in 2023.
About The VeChain Foundation
The VeChain Foundation, headquartered in San Marino, Europe, is the non-profit organisation behind the development of VeChainThor, a world leading smart contract platform spearheading the real world adoption of blockchain technology.
By leveraging the capabilities of ‘trustless’ data (information without intermediaries), smart contracts and IoT technologies, VeChainThor has delivered solutions in a wide array of fields, and now turns its attention to arguably the greatest challenge of all — building technologies and ecosystems to drive true sustainability and digital transformation at global scale.
Visit https://www.vechain.org to learn more.