Vechain Tech Deep Dive Series VeChain Tech Deep Dive Series Session 3 Episode 2 Both developers and businesses have different needs. Over the past few years, VeChain is dedicated to developing services and tools to meet their needs.
First, let’s briefly introduce the non-chain developers. We divided them into 3 categories. First, the developers Smart contract, backend or DApp Bechain is as much as a public blockchain These developers can also develop applications on our blockchain.
The second is the traditional developers. It may be specialized in developing existing applications such as back-end services, However, I am not familiar with blockchain technology. VeChain will provide the APIs they need. All kinds of applications can be developed through these APIs.
Solve problems that arise during development third is corporate. For small businesses The problem is that they run out of resources. For large companies, when they want to test a solution, They prefer what is already made. Things that don’t need further development. So it can run quickly. It can also be integrated with enterprise business models.
Use as a parallel system without affecting the existing system The API we provide is a restful API. It can be easily integrated with your existing system. All they have to do is develop integrated, Just focus on debugging and testing APIs. This is for the introduction of non-chain developers. Now let’s move on to the services we provide.
Basically, it provides 4 types of services. First, it is a data service. The data you want to store on the blockchain seems to be of some value. The reason you want to store this data They want to exchange or receive benefits with other people. To do that, you have to go through three steps. First, store the data somewhere and prove it is there.
The second step involves ownership of this data. It’s up to you. When a third party wants to access your data We need your approval. You can only access your data if you have permission.
Yes. From our point of view, Data management should be divided into three phases. Data verification, authentication and exchange Or maybe there is a value exchange.
It’s for data service. The second service is the core escrow. I will explain in detail later. The third service is a multi-signal service. Both online and offline. Fourth, it is a privacy and compliance service. From my point of view, the last one is very important to the business.
For the time being, the overall industry development and technology It is still in its infancy. The fact is, We are working in-depth with national-level governments in this area. They also encourage us to set an example for the industry. Try to be the first To keep fit in the blockchain industry. This is based on existing industry compliance practices. We will start with European countries.
And then expand to other countries We will also modify the policy according to local conditions. Because laws and regulations vary from country to country. Yes. Therefore, we must comply with the laws and regulations set by each country. Whatever we do.
We are doing them to better protect your assets and privacy. Protect your privacy and data. To ensure safety. We will introduce each service in detail later. When talking about services, you should also talk about tools. In more detail, we will break this topic into four parts.
We need to improve it by adding features and fixing bugs. Another problem we need to solve It is to support Ethereum developers who develop apps directly on our blockchain.
When developing on Ethereum, Developers use Truffle or Truffle to develop smart contracts. Use tools like the remix. However, these tools were not available in VeChaintor. So we’ve been developing something called Web3-gear.
Ethereum developers can now use the tools mentioned above. You can develop, deploy and debug directly in VeChaintor. That said, it is very easy for Ethereum developers to move to Vichain.
Lets move on to synchronization. It is PC based and can be used for private key management. You can create transactions and use them as a browser as well. For the time being, we are offering the first version. It is open-source and available on GitHub. We are now working on the next version of it. It continues.
It will be much more powerful. We hope to be able to release a second version at DevCon. Sync makes it easier for developers Develop and deploy the VeChaintor blockchain Apart from PC-based Sync, We also developed a portable VChaintor wallet It can be used on both iOS and Android devices. We have been working hard to develop mobile wallets. In particular, to ensure the security of private key management Signatures and transactions are also included. For example, the heart of the wallet is now separate from the rest.
Later, we’ll release its code. So you can integrate the core SDK directly into your existing application. Therefore, users can manage their assets independently. Now let’s go to the browser. Wait, I want to add something. There are basically two ideas for a wallet.
One, as Koo mentioned, We will enable SDKs to be integrated. To connect directly to enterprise applications. For example, when we create a carbon ecosystem, SDK can be directly integrated into the application There are apps from Bright Food, itaotaoke, and vehicle manufacturers. When using the app You can think of it as using Bright Food’s app. When you buy milk or use BYD’s driving app. But you may not know that you are actually using the VeChaintor wallet. Another thing we also welcome master developers from the community.
To develop an interesting and powerful UI that can be used for interaction. Based on our SDK, we can support users in a more efficient and innovative way. With your imagination and innovation We believe you can develop amazing products to serve the community. Now, let’s move on to the third part, the browser. It’s great that we have an American development team in the community called Torshunt.
They helped us develop the torsion browser. Torshunt has been developing the VeChaintor Explorer. It also provides a Ledger hardware wallet interface. In conclusion, We have a comprehensive solution that offers three different methods. To manage private keys and assets. First, PC-based synchronization, It can be used on both Windows and macOS devices. The second is a mobile wallet, and the third is a hardware wallet.
Last but not least, the VeChain portal It is already released. The portal offers a lot of services. But the first thing I want to talk about is VVID. VVID is a digital ID system based on the ViChaintor blockchain. When personal information is uploaded through the VeChain Portal, A trusted third party auditor will verify the information after that.
Then you will have a unique identity on the VeChaintor blockchain. It can be used in a variety of ways. Because VeVID is on a public blockchain Direct access from a variety of services.
FYI, even though you own personal information That information will be made public once it is stored on the blockchain. Because ViChaintor blockchain is a public blockchain Stored information is made public for others to access.
So you have to think about how to protect your information and make sure it’s safe. Let’s talk later. Now let’s move on to VeVOT and VSCC.
It is basically the second generation portal we are working on. It is expected to be released in December 2018. Next is the smart contract library, VSCL. Surprisingly, a lot of code is available in the community and on GitHub. Many of them have been tested or even used.
VeChain will also release some smart contracts. Things I developed for enterprise partners. What we are going to provide is a smart contract that is not separated.
But some of them have been running for a long time. It also means that it is fully developed. These agreements are for developers and businesses. We hope it can be helpful when developing on the VeChaintor blockchain. The main uses for generating VSCC and VSCL are It is better categorization of the development resources we have accumulated in the past. There are also more detailed and safe audits.
There is also verification of smart contracts through professional third-party services. We give businesses peace of mind when using our products. We also make it easier for enterprise developers To reference or learn from our experiences. The fifth is VeMon. Currently, this is in development With VeMon, we want to provide the right way to the community.
To monitor the parameters of the blockchain For example, the gas price, the state of the privilege node, etc. In this way The community can always get the information directly. ViChain and ViChaintor blockchain information. VeMon is primarily developed for research institutions.
We have partnered with some of the world’s top universities. Like Hong Kong University. And the Oxford University Department of Mathematics You will be the main user of VeMon.
VeMon allows you to collect ViChaintor blockchain data. For example, changes in transaction volume, etc. It also includes the price of VeChain, the price of VeChain Thor or the requirements of the app. Based on this data, we can improve our economic model. And even governance can be continuously improved.
Read More: VeChain News & Price Predictions!