Wonderful review丨CyberVein & Poloniex Greater China AMA: “CyberVein: Data Analytics & Valuation Engine” (Part 1)
— — Valuable news from a live broadcast of Poloniex Greater China
At 4 p.m. on March 19th, CyberVein was invited to the Poloniex Greater China AMA event. CyberVein global ambassador, Jack, was invited to share his views on big data, value and blockchain. The original text is as follows:
1. One day in the crypto community equals to three years in the world. CyberVein, established in 2017, can be said to be experienced in the blockchain industry, and that’s why more and more people want to know about CVT. Let’s welcome our special guest, CyberVein global ambassador, Jack, to give an introduction to CVT!
Answer: Hello, everyone. CyberVein has been upgrading its technologies in the past three years, but our original aspiration has always been there, around the development and advancement of big data solutions. After exploration and adjustment, we now have a clearer positioning of ourselves.
The following is our official introduction: Founded in 2017, CyberVein was initiated by the Singapore CV Technology Foundation, and entrusted to authorize the global smart city operation centres to carry out the construction and development of global smart cities. As a project with landing industries, applications and products, CyberVein provides global enterprises with customized solutions for smart cities through the newly created DAVE (Data Analytics & Valuation Engine).
To put it simply, we are a public chain of big data solutions that serve smart cities around the world. If there is more you want to know, you can follow our Wechat official account CyberVein. There is also a channel to enter our official communities, with project progress, latest development and industry hot spots being updated every week.
2. Public chains were the hot racing track of the last bull market, but most public chains failed and withered in the bear market. May I ask why CVT can successfully rise to the challenges?
Answer: I think whether we can survive and grow in the crypto community is determined not only by time, but by whether the technology research and development meets the demands over a long period of time. The ability to solve problems is the premise of becoming a winner.
In fact, many users in the community will evaluate a project not on how long you spent time doing things, but on results to see how many demands you have met and what has been solved. Practice is the only criterion for testing truth! Of course, CVT has been preparing for 3 years during which the support from our loyal fans is also indispensable. Our community adopts refined management, and we know the needs and expectations of users. In the first 18 years, about 70% of private placement users stayed in our community and paid close attention to our technical improvement, accompanying us during ups and downs in the market. Aside from the cryptocurrency price, they actually look forward to how much we can achieve, and to us being able to initiate a new data value ecosystem.
The reason why our community consensus is strong is that the achievements and progress of our smart city solutions are recognized by the public. The original intention of our project-creating data value and data assetization is also what they think of us in the long term. The key is whether what we do is useful and feasible. The ecosystems of Ethereum and Polkadot, for example, took several years to build, and then broke out in a blockbuster. I believe that the next one will be CyebrVein which will influence the market in a positive way.
The vast majority of investors, project parties and fans in the secondary market involved in blockchain projects are generally impatient, because the crypto community is like a trial where watching others make more money than themselves is uncomfortable, which leads to people becoming more impatient and passing this impatient mood to many project parties. The parties may chase hot spots, IEO, wallets, and DeFi, whatsoever. However, the real public chain has to go with time to be mature, bearing fruits in the future.
3. In addition to expandability, the most difficult part for public chain developers now is the lack of landing application scenarios. What are the current application scenarios of CVT?
Answer: Regarding the implementation of technology, we have accumulated more than a dozen relatively mature and stable implementation results, all of which provide services at the big data level and have been announced on Cybervein’s global we-media platforms. In fact, we have achieved a successful landing in terms of testing and running and we have been perfecting our technology and ecology. Here I would like to thank many partners for giving us the opportunity to improve technology and experience mistakes, so that we have the time to discover the deficiencies in the application scenarios and to notice the places to be upgraded.
When I introduced CVT at the very beginning, I mentioned that we are a project with landing industries, applications and products. Let me talk about a few representative cases from the fields of products, applications and industries.
Product Achievements：
CyberVein and Kingsoft Cloud have co-developed Xiaomi blockchain + AI smart home products. It has activated 100,000 Xiaomi devices, waking up more than 1.7 million times, and has more than 40,000 monthly active users. We are also providing support for more smart home devices to cover the smart life ecosystem.
Product 1: Mi 1S Desk Lamp, is easy to operate, energy-saving and power-saving, so that home appliances can realize interconnection + IoT + intelligent connection.
Product 2: Qingping Air Detector, uses federated learning to collect data from all parties, and the detection results are more comprehensive and smarter.
Product 3: Mi AI Speaker, is a multi-functional product that uses federated learning technology to accurately analyse user habits.
Application Achievements:
The online medical assistant APP is our top-ranking application. Launched in Zhejiang, it provides patients with 18 kinds of online medical services including registration, consultation, filing and prescription drugs. It also realizes the sharing medical records in Zhejiang by 20 hospitals, greatly improving the medical experience.
Industry Landing Achievements:
CyberVein provides solutions for many regions around the world with projects like Smart Dubai, Smart Korean, and Smart Tokyo. We aim to build ecology around the macro-field of smart cities, and go deep around the refined field of big data services.
Smart Medical Care:
In cooperation with the Sir Run Run Shaw Hospital of Zhejiang University, the enterprise-level distributed database meets the needs of big health data sharing, relieves the pressure on the huge storage of medical data, and makes the medical data circulation rate in the alliance ecosystem reach 80%; Federated learning provides precision data sources and improve the quality of medical services with the diagnostic accuracy rate close to 80%, surpassing 96% of testing doctors.
Smart Finance:
Hong Kong AIA obtains a large number of compliant and legal data sources through DAVE, using cloud computing power platform and federated learning technology to further reduce risks, based on which it launches a more reasonable reinsurance model through academic research and a CAT catastrophe insurance bond in the form of NFT.
Smart Governance:
Joining hands with Jiangsu Nicejet, we have provided advanced solutions based on AI image and data processing, which are widely used in public security, transportation, finance, hotels, communities and other industries.
Smart Exhibition and Trade:
CyberVein formally joined the Dubai 2025 smart city construction plan in early 2020, providing blockchain database support for the Dubai World Expo. At present, the research and development of the central pavilion ticketing system has been embedded in the PISR database.
Smart Culture & Entertainment:
CyberVein has provided database services for Fanli Hotel Group with crypto backup of user data in 9 cities to reduce the data storage costs; Federated learning has promoted customized services, increasing operational efficiency by 46% with customer satisfaction reaching 98%.
4. Most of the application scenarios of CVT are on the B-end. What can C-end users do to have a better understanding of CVT?
Answer: In fact, the above-mentioned B-end achievements are also used by C-end users, and individual users will invisibly benefit from these B-end services. If you want a more intuitive understanding of our C-end application achievements, you can give it a shot on CROSS, which is a decentralized NFT issuance & auction platform supported by the CyberVein Foundation with version 1.0 launched on the Huobi ECO-Chain Heco on January 13th. You can create, issue and auction NFTs on the platform. In terms of users, they can be people who need to confirm and protect the intellectual property rights of digital art, or people who need to buy digital art. Anyone can use NFT to publish a self-created image work, which is completely controlled by you and can be transferred and traded freely.
What CROSS does is not just NFT auctions. Unlike the well-known NFT platforms of Opensea and Rarible, we have to solve the problems that DeFi and NFT in the market cannot solve, such as singularity of types, insufficient application scenarios, and low actual application value. We are more inclined to diversify and popularize the NFT market, not just to promote crypto artworks. We are currently improving our interface, functions and market layout. This year, CROSS will launch the NFT types of digital tokens, AI training models and data financial derivatives, classifying and refining NFTs so that more people can use your own data resources to realize the value of data. This is the future trend, and this is the market that can run in a long term. You may look forward to the future development of CROSS!
