Although 2018 saw dramatic sell-offs in the cryptocurrency markets, the amount of development across the entire blockchain industry was phenomenal.
Serious and genuine projects flourished despite harsh market conditions, while other projects failed and died. One cryptocurrency project that came out of 2018 far stronger than before, with a ton of accomplishments and loads of developments under their belt, is VeChain.
Vechain’s goal to build a decentralized business ecosystem has remained consistent throughout the entirety of 2018 and going into 2019.
VeChain recently published a blog post titled “A 2018 Reflection and 2019 Outlook,” in which they highlighted their 2018 accomplishments and provided a sneak peek for what’s to come in 2019.
The project has accomplished a lot on numerous fronts, including technological deployments, the launch of VeChainThor mainnet, the launch of new products, new partnerships, new projects, new events, and much, much more.
On a technological front, VeChain thrived in 2018 with the launch of VeChainThor Mainnet and 17 other technological deployments:
Apart from the major technical deployments, VeChain had very healthy activity on Github in 2018, with a total of 2,535 commits, 3 branches, 5 releases, and 10 contributors. Also, according to the China Blockchain Patent Report 2018, VeChain obtained 26 blockchain patents and was ranked 3rd in terms of new patents in 2018.
To say the least, VeChain was very busy in 2018. They didn’t let crashing prices distract them from achieving their goals, they accomplished a significant amount of important and foundational technological developments. Moving into 2019, VeChain should be ready to take on real use cases and implementations of their technology.
Apart from reviewing VeChain’s 2018 accomplishments, the promising crypto projects blog post provided a sneak peek into VeChain’s goals heading into 2019.
As stated in VeChains blog post:
“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.”
As seen from the number of accomplishments laid out above, VeChain has been busy building out their blockchain so that both small and large business enterprises can run their businesses on top of VeChainThor’s blockchain infrastructure.
In 2019, VeChain wants to make the technological components they’ve been building available to both enterprises and individual developers.
“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.”
In addition to pushing the actual use of their technological innovations in the real world, VeChain plans to expand their network of partners on a global scale. This will allow VeChain’s blockchain technology to be used by a much broader range of customers.
All in all, VeChain wants 2019 to be the year that blockchain applications are used in real business environments. They hope that real blockchain adoption among businesses will help to innovate the regulatory and legal environment surrounding cryptocurrencies and blockchain technology.
Do you think VeChain’s blockchain technology will be implemented by real-world businesses in 2019? Let us know what you think about VeChain and their goals in the comment section below.
With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…
BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…
As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…
This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…
Ever wondered what it is like to experience the extravagant casino vibes in the comfort…