VeChain reflects on 2018 and reveals upcoming goals for 2019


Despite its promising technology, VeChain didn’t have the best year in 2018. The company recently published a blog post reflecting on events that occurred in 2018 and revealed some of its upcoming plans for 2019.

The company noted that its plan to build a decentralized business ecosystem remained the same in 2018, even though the market experienced a not so stable year.

They said they had witnessed a growth of mainnet transactions and due to increased enterprise adoption along with third-party developers on their VeChainThor blockchain.

Another thing was that VeChain emphaized that professionals along with business value would drive the next decade in blockchain along with enterprise adoption. These factors will be important in shaping industry standards and regulatory environment.

In the last year, VeChainThor mobile wallet went live, the Foundation’s website also went online. VeForge Vault, VeChain Portal Beta and VeChainThor mainnet v 1.0.4 also went live. Even though, it wasn’t considered to be the best year for the foundation, it was still a promising 2018.

Moving forward to 2019

VeChain wrote that its mission in the New Year is to “grow the transactions with business value and build infrastructure services around the VeChainThor blockchain to facilitate mass adoption.”

VeChain has been working to bring both small and large enterprises to public blockchains. The project also believes that it has a deep understanding of what is needed to enable mass adoption of blockchains. This year, they will help enterprises and individual developers leverage blockchain components.

The first step towards doing so will be focusing on enterprise applications and dApps for real-world business activities. This may mean that more potential partnerships with supply chains will reveal itself shortly.

On the developer side of things, VeChain aims to provide SDKs, developer documentation, tools and smart contract templates along with turnkey package templates.

With these new releases, the updates could be directed towards tokenized asset issuance, digital asset management wallets, and data storage.

In addition to just releasing new updates and partnering with other companies, VeChain plans on expanding their partnership network providing top-notch education for new and upcoming partners.

Seems like a bright 2019 ahead of us for VeChain.

 


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Edith Muth

Edith Yue is CryptoMeNow's analyst. She loves to do intensive research on how blockchain will make an impact in our society. You can contact Edith at Edith@cryptomenow.com

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