Blockchain projects that are not recognized by the government will have 99% chance of failure. This is the ‘government project’ with the most investment value this year
Article translated from Sina Finance.
Orignal Article: https://t.cj.sina.com.cn/articles/view/7012178178/1a1f5590200100s0lb?from=tech
Only blockchain projects endorsed by the state can go far
Nowadays, the topics that everyone talks about at leisure can’t be without ‘blockchain’, even people with no idea about cryptocurrency want to give a try. This shows the popularity of the blockchain. However, investing in cryptocurrency is not absolutely safe, some are pure speculation or pyramid scheme, which are risky. This also reflects that cryptocurrenciess without legal framework are more likely to be bubbles.
According to a previous survey report jointly issued by PwC (PricewaterhouseCoopers) and VeChain, it also shows that the interviewees trust more with projects that have the government’s credit endorsement. It can be seen from the report that ‘government projects’ also have a strong demonstration power and credit enhancement effect, which can greatly enhance the recognition of blockchain technology, and is also promising.
Local government of many cities are also launching the “blockchain + run once at most “ reform.
Nationally certified blockchain projects must have real materials
At the same time, the concept of blockchain has trigger the Chinese stock market to rise many folds. For 3 consecutive days, more than 10 companies hit their share price limit due to blockchain. Is it the old routine of conceptual hype or the widespread application of blockchain technology? Of course, I believe that the old hype and the widespread application of technology will come at the same time. But in the end, with the widespread application of technology, the hype is bound to become less and less, investors will also become mature.
So at this stage, what are the blockchain projects that really make blockchain technology widely used, With approval from the government?
Take the current representative blockchain project — CyberVein as an example. According to official public information and public information from partner institutions, CyberVein has been building smart cities in 16 countries and 45 regions (including those that have been completed, under construction, and yet to be constructed), mainly to promote city management，The integration and synergy of the three sectors — government, business and consumer empowers urban services, governance and growth. At the same time, there are more than 1,000 smart cities that have been launched or are under construction worldwide, and CyberVein has set foot in areas where China’s key smart cities are deployed.
CyberVein involves in smart city project
CyberVein was established in November 2017, but within half a year of its establishment, it received government project. On the one hand, its development goal “smart city” is in line with the digitalization and smart transformation of governments, and on the other hand, the technology model set by the CyberVein from the beginning is indeed in line with their needs.
In the first half of 2018, CyberVein reached cooperation with the Zhoukou City Port District Government and the Jiangsu Subei District Government to create a “blockchain + supply chain finance” for the Zhoukou City Port District Government, and cooperated with Jiangsu NextStage company to provide “smart security” services to Subei governments. The latter has developed by leaps and bounds in the past year, and the scope of services provided by CyberVein has also spread to 7 provinces and cities including Sichuan Province, Shanxi Province, and Jiangsu Province.
In the second half of 2018, CyberVein ushered in a major scientific research cooperation, and jointly established the “Zhejiang University — CyberVein R&D Center” with Zhejiang University (you can search on the official website of Zhejiang University) to develop artificial intelligence and blockchain data for federated learning mainly. This is also a strong technical endorsement for cooperation with various sectors.
In 2018, CyberVein also cooperated with some Blockchain companies and other large-scale enterprises .
In 2019, the market trend of CyberVein was relatively quiet throughout the year, except for the Dubai and India tour in the first half of the year, which didn’t have many official announcements. Apart from the cooperation with the Henan Provincial Government, no other announcements were made. Finally, a scientific research results conference was held at Zhejiang University in December. It is also this conference that has received extensive attention.
In January 2020, CyberVein and Ningbo Fisheries reached a cooperation to build a Beidou satellite communications service supported by a commercial-level distributed database to help maritime supervision in the Zhejiang region.
In the same month, CyberVein also announced its cooperation with the Dubai government. This is the first time it has built a “smart city” with an overseas government and provided blockchain database support for the Dubai World Expo.
In March 2020, CyberVein technology officially implemented in the Sir Run Run Shaw Hospital of Zhejiang University.
In April 2020, CyberVein officially announced that after 1–3 months of testing and successful operation, it has built smart cities in Macau, Guangxi, Hunan and other places, involving smart finance, smart cultural tourism, and smart medical care.
In May 2020, CyberVein reached cooperation of overseas governments, the smart medical cooperation between Israel and North America.
After that, CyberVein announced two technical and strategic upgrades, and CyberVein has also made clear its development goals and what it will do in the future-to create a “global digital base” for smart cities. During this period, CyberVein has successively contacted Russian and South Korean government enterprises.
In August 2020, CyberVein officially signed a cooperation agreement with the Hainan Provincial Government (more than 100 media reports have been reported, and can also be found on the official website of the Hainan Provincial Government), the technology of the CyberVein officially implemented in Wenchang International Aerospace City, and conspired with China’s aerospace industry and the development of the industry. CyberVein is also the first blockchain project settled in the Aerospace City. On the same day, CyberVein announced its cooperation with Kingsoft Cloud, and the jointly developed Xiaomi “Blockchain + Smart Home” product will be launched in mid-September.
In September 2020, CyberVein announced that it and 360 Total Security will jointly build a blockchain medical platform for the Zhuhai Municipal Government.
In the same month, the popularity of CyberVein in South Korea continued to ferment. As the first overseas blockchain project recognized by the South Korean government, it was invited to attend the KSC training course to conduct smart city training for the top 50 companies in South Korea.
Why does CyberVein get government recognition?
The starting point of the cooperation of CyberVein is high and it has been highly recognized by the industry. More importantly, its technical strength can really help local governments and enterprises.
According to official public information, there will be a major technological and strategic upgrade once a year on CyberVein. In 2018, CyberVein 1.0 is a new type of blockchain database; in 2019, CyberVein 2.0 is an enterprise-level data center; in 2020, CyberVein 3.0 DAVE smart city solution.
In September 2020, Tencent released the “WeCity Future City 2.0” report. It can be found that the concept of CyberVein 3.0 coincides with Tencent WeCity, and some new ideas and layouts even appeared earlier than Tencent.
Here, we have intercepted the official data report of the CyberVein : “In response to the complex needs of smart cities in the digital age and the new infrastructure environment, CyberVein DAVE integrates blockchain, big data, IoT, artificial intelligence, 5G, cloud computing and variety of innovative digital technologies, through the ‘digital comes first’ principle, laying out efficient infrastructure and connectivity, to build smart city system resilience, provide diversified customized services, and allow more ecosystems to choose more diverse models to participate in smart city to build co-governance.”
And CyberVein is very clear about its position in the smart city — the global digital base of the smart city, the super brain of the smart city, the data resource hub of the smart city, and the key engine of the smart city. In addition, they also focused on launching four core technologies, which are also the four solutions in CyberVein DAVE, providing four solutions for smart city construction: “PISR database, DAG storage chain, distributed computing power integration, and federated learning”. It is mainly to perceive the city’s global data, release the value of ‘sleeping’ data, integrate multi-source heterogeneous data, and consolidate the foundation of smart cities. These readers may find it difficult to understand, and those who are interested can go to the CyberVein official account or add the official operating account of China for in-depth understanding.
It is worth mentioning is that since the announcement of good news successively this year, CyberVein has reached the top 50 in the world in market value, and its market price has multiplied nearly 50 times. Of course, I believe this is just the beginning. After all, the cooperation between CyberVein and global government and enterprises has just been laid out, and its value has just been revealed.
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