비체인 VeChain VET 뒤통수 치는 중국 블록체인 산업 ? 핑 하고 날아 가겠네!

Hello, I'm Komad. Today , we will take a look at VeChain (VET), which ranks high among Chinese coins. VeChain is a blockchain with Proof-of-Stake (POS) and Proof-of-Authority (POA) that promotes profits according to the rules set by the VeChain Foundation to maintain network security and user consensus . VeChain is a Chinese company operating in Singapore, co-founded by Sunnylu and J.Jang. Proof of Authority (PoA, Proof of Authority) is a centralized form rather than the decentralized as we know it, and it is a structure in which work is performed through some validators. In order to become a validator, you need to prove your identity, and the applicant receives an incentive in return for earning credit by investing some funds. Therefore, although it is a possible method of censor manipulation , this proof of authority is a more effective solution than a decentralized method for companies, so partnerships with many companies are being concluded.

What is VeChain? Founded in 2015,
it utilizes distributed governance and Internet of Things (IoT) technology to create , track, and store supply chains, as well as anti-counterfeiting and carbon credits . We currently operate internationally with offices in Singapore, San Francisco, Paris, Hong Kong, Luxembourg, Tokyo and Shanghai. There are two tokens: VeTrust and VeChainThor.
BitTrust (VET) is a token we trade on an exchange, and VeChainThor (VTHO) is a token
used for blockchain transactions. Token. As of July 10, the market capitalization is about 5.6 trillion, and the coin is ranked 23rd. Why did VeChain become famous here? We need to look at the background of VeChain.

The Chinese government has been skeptical of Bitcoin for many years, and is still putting numerous restrictions on virtual assets. However, China is taking other measures internally, which has been emphasizing the need for the blockchain industry since 2018, and is still pushing for accelerating development. Its main axis is VeChain, and since its establishment, VeChain has been invested by Chinese venture capital firm FutureCap, and Future Capital Discovery Fund is
an institutional investment company specialized in China. And
as the first blockchain company to do business with the Chinese
government, VeChain is also a government partner to try to integrate blockchain technology throughout Chinese industry. Here, we are discussing with the Chinese government to create a new carbon ecosystem, and it seems that the development of carbon emission control is also in progress with large corporations and individual carbon emission system control.

In August 2018, VeChain partnered with DNV, which is an energy company and is recognized as the best in the marine industry, which is also running a shelf-related transportation business. With the technology of blockchain, it announced that it will provide solutions such as drug tracking and surveillance for the pharmaceutical industry in each country, and was the only approved blockchain traceable company in Shanghai focusing on vaccine tracking by 2020 State-run Xinhua News Agency also said that a nationwide vaccine tracking system is expected to be launched in March 2020. In its content, the system will handle
information on the entire vaccine supply chain of all domestic vaccine manufacturers and vaccination information from the Ministry of Health and Welfare.

The establishment of the national system plans to integrate the entire process of vaccine production, distribution, and vaccination so that the vaccine can be traced. It will improve visibility into vaccine order status, shipment status and provider inventory so that authorities can better oversee it.
That was the content. At that time, it seems that President Xi Jinping embraced blockchain technology and the development of related industries has begun to accelerate. And recently, the Chinese government's pressure on blockchain is being put on, but VeChain is getting out of the way.

VeChain has been deployed in over 200 public places to prepare for COVID-19 risk by combining infection risk management methods, records and health compliance standards through VeChain , while China is
fully committed to digital currency and blockchain technology, according to CNBC , China has only brands it can control , said co-CEO Katie Houn. China is in fact completely obsessed with blockchain, emphasizing that Chinese President Xi Jinping and other officials are all involved in the blockchain industry. In other words,
while strong restrictions are being imposed on external block chains like Bitcoin, block chains used in China are
actively supporting them. Also, Neo, the representative coin of
China, is a coin that has a close relationship with the Chinese government. Although it is a limited quantity of 21 million like Bitcoin, the development side
is claiming that it is a coin that has the ability to cope with quantum computers that will be released in the next few years.

It is said that he volunteered, and the government also talked with Da Hongfei as a measure to regulate the speculative market
. In China, considering that companies such as Tencent and Alibaba are also companies with intervention in the Chinese government, I think that VeChain and Neo, the core technologies of the industry that will lead in the future, have a high possibility of direct intervention. The five-year plan dealt with VeChain-related content, and it was about presenting VeChain as a key entity in the five-year national development plan
.
VeChain will be at the center of change, and blockchain technology can not only secure data information on the network, but can also be applied to real businesses. VeChain has hired 20 new experts this year alone and is developing with 100 people, and plans to increase the number of people two to three times in the future. Even now, the number of partners of this VeChain continues to increase, including global conglomerates that we are well aware of.

Its form and application field
seem to be similar to Ethereum Classic. By applying real-world data to the ledger and turning it into a block chain, it can be applied to brands that are sensitive to counterfeiting and the medical industry where data must be accurate. Recently, at the end of June, Xinhua announced the application of VeChain
to COVID-19 risk management while dealing with the topic of blockchain that penetrates into daily life . The content is that through QR scan, safety supervision, various government services inquiry, and intellectual property protection are made possible with blockchain technology. The progressively developing blockchain applications are penetrating into people's lives, and 10 blockchain application scenarios have also been announced.

In addition, since September 2018, VeChain has applied a carbon emission system to reduce the carbon footprint and is dealing with eco-friendly issues to solve the carbon emission problem for not only corporate governments but also individuals. It is a system that measures the data on carbon emissions from various products used every day, and informs you of the number, so that you can reduce your emissions. China is thought to foster a controllable blockchain industry, not the decentralized blockchain such as Bitcoin and Ethereum as we know it. It seems to be growing so that the overall management including the economy and finance is possible as well as the tax that has been raised. The current virus situation is also a time when the power of the nation grows, which has no choice but to lean on the hope of suppressing the virus instead of risking the freedom of the people. After researching, it was good in terms of usage, but I thought it was a coin for the Chinese government.

And if it's a coin under Chinese control , that could be the biggest downside. If Bitcoin collapses anyway, it is a structure that collapses, but it seems to be because there is one more risk: the Chinese government. VeChain aims to expand and maintain the ecosystem by solving problems in distribution and industry with open finance rather than DeFi using blockchain for any company .

China's distribution network is
more fragmented than we simply know , and it is governed by the Ministry of Transport, Railways, and Commerce, and it is also related to local, city, and national policies. China's logistics market has not been reformed for over 10 years, and reforming this logistics system through
VeChain itself seems to be a surprising change. Despite the restrictions of each country , China's exports in 2020 amounted to 2.6 trillion dollars last year, and it is a country with a population of 1.41 billion and a GDP large enough to account for 18% of the world.

This technology
of VeChain is likely to benefit from China, which has become the world's most populous and economic powerhouse, rather than simply the rapid fluctuations in the price of coins
. do. VeChain's technology seems to be a more suitable condition for companies, and is proving its potential. In a society controlled by a few powerful people, it is possible to monitor everything with an unforgeable block chain, so I think it is the most ideal block chain technology that the Chinese government wants. If the Chinese economy continues to grow, I think VeChain can continue to grow as well. Please view the contents for VeChain reference only. thank you..

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