Wanxiang Blockchain Launches Vena Consortium to Construct One-Cease Digitalization Options for Enterprises

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SHANGHAI, Jan. 5, 2022 /PRNewswire/ — Wanxiang Blockchain marked the beginning of a promising 2022 with its next-generation blockchain expertise 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 property, digital cities and lots of different situations, Vena Consortium has been designed to supply one-stop options for governments and enterprises to deal with challenges in digital transformation with Venachain, a excessive efficiency consortium blockchain, and numerous capabilities, resembling privateness computing, cross-chain, sensible contract, blockchain browser, DID, BaaS, and so forth.

Blockchain has been anticipated to take care of the issues that include the brand new enterprise fashions within the digital period. For one factor, we now have realized that blockchain alone can hardly repair the issues dealing with 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 forth.

For an additional, because the tempo of digital transformation accelerates and Metaverse, the generally acknowledged vacation spot of digitalization, features reputation, blockchain has been required to satisfy increased technical requirements and make one of the best of its benefits in constructing belief and defending knowledge privateness to advertise smoother and extra environment friendly collaborations amongst totally different gamers.

On this connection, Wanxiang Blockchain launched its next-generation blockchain expertise platform “Vena Consortium” that mixes Venachain, a self-developed consortium blockchain with different capabilities and instruments, resembling privateness computing, cross-chain, sensible contracts, blockchain browser, DID, BaaS, and so forth. 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. Moreover, it additionally helps cross-chain and may be simply deployed in order to construct a Trusted Information Pedestal for the digital economic system and domesticate a good digital ecosystem for environment friendly collaboration.

Extra Than a Consortium Blockchain

Other than the Venachain, Vena Consortium additionally supplies capabilities and instruments like privateness computing, cross-chain, DID, distributed message, blockchain browser and BaaS to satisfy increased calls for for knowledge authenticity, privateness and sharing. Supported by Wanxiang Blockchain’s technical talents and international affect, Vena Consortium is ready to pioneer the innovation of Distributed Cognitive Know-how consisting of blockchain, IoT, Data Graph and adjoining applied sciences in order to supply complete options to empower the digitalization of assorted industries. Furthermore, based mostly on Wanxiang Blockchain’s expertise in mechanism design, Vena Consortium can even contribute to upgrading the inducement mechanisms and the governance fashions of the digital economic system. This can hopefully enhance governance effectivity, encourage multilateral cooperation and weave blockchain into totally different industries.

By its cooperation with influential firms and organizations within the fields of IoT, AI and chips, resembling aitos.io, Datayes, RISC-V Basis, and so forth., Vena Consortium has developed complete and viable options for numerous industries, together with provide chain finance, industrial web, digital cities, digital property and so forth.

Vena Consortium will make relentless efforts to make the finest use of Wanxiang Blockchain’s technical talents and international affect to deal with the challenges dealing with governments and enterprises within the digital period with extra superior and complete options.

SOURCE Wanxiang Blockchain

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