SHANGHAI, Jan. 5, 2022 /PRNewswire/ — Wanxiang Blockchain marked the beginning of a promising 2022 with its next-generation blockchain know-how platform “Vena Consortium”. Constructed upon PlatONE, a consortium blockchain that includes privateness computing, and Wanxiang Blockchain’s expertise in creating blockchain options for industrial web, digital belongings, digital cities and plenty of different eventualities, Vena Consortium has been designed to offer one-stop options for governments and enterprises to deal with challenges in digital transformation with Venachain, a excessive efficiency consortium blockchain, and varied features, similar to privateness computing, cross-chain, sensible contract, blockchain browser, DID, BaaS, and so on.
Blockchain has been anticipated to take care of the issues that include the brand new enterprise fashions within the digital period. For one factor, now we have realized that blockchain alone can hardly repair the issues going through governments and enterprises in digital transformation. It’s crucial to construct complete options by combining blockchain with different digital applied sciences, together with IoT, AI, Cloud Computing, 5G, and so on.
For one more, because the tempo of digital transformation accelerates and Metaverse, the generally acknowledged vacation spot of digitalization, beneficial properties reputation, blockchain has been required to satisfy larger technical requirements and make the perfect of its benefits in constructing belief and defending information privateness to advertise smoother and extra environment friendly collaborations amongst completely different gamers.
On this connection, Wanxiang Blockchain launched its next-generation blockchain know-how platform “Vena Consortium” that mixes Venachain, a self-developed consortium blockchain with different features and instruments, similar to privateness computing, cross-chain, sensible contracts, blockchain browser, DID, BaaS, and so on. as an effort to empower the digital transformation of governments and enterprises.
Construct a Trusted Information Pedestal upon Venachain
Because the core of Vena Consortium, Venachain is a high-performance consortium blockchain developed by Wanxiang Blockchain to assist governments and enterprises deal with challenges in digital transformation. The TPS of a single chain in Venachain has been over 50,000. Apart from, it additionally helps cross-chain and will be simply deployed in order to construct a Trusted Information Pedestal for the digital financial system and domesticate a positive digital ecosystem for environment friendly collaboration.
Extra Than a Consortium Blockchain
Other than the Venachain, Vena Consortium additionally gives features and instruments like privateness computing, cross-chain, DID, distributed message, blockchain browser and BaaS to satisfy larger calls for for information authenticity, privateness and sharing. Supported by Wanxiang Blockchain’s technical skills and world affect, Vena Consortium is ready to pioneer the innovation of Distributed Cognitive Know-how consisting of blockchain, IoT, Information Graph and adjoining applied sciences in order to offer complete options to empower the digitalization of varied industries. Furthermore, based mostly on Wanxiang Blockchain’s expertise in mechanism design, Vena Consortium may also contribute to upgrading the motivation mechanisms and the governance fashions of the digital financial system. This may hopefully enhance governance effectivity, encourage multilateral cooperation and weave blockchain into completely different industries.
By way of its cooperation with influential firms and organizations within the fields of IoT, AI and chips, similar to aitos.io, Datayes, RISC-V Basis, and so on., Vena Consortium has developed complete and viable options for varied industries, together with provide chain finance, industrial web, digital cities, digital belongings and so forth.
Vena Consortium will make relentless efforts to make the greatest use of Wanxiang Blockchain’s technical skills and world affect to deal with the challenges going through governments and enterprises within the digital period with extra superior and complete options.
SOURCE Wanxiang Blockchain