VeChain May 2019 overview


In this Monthly report, we will give a summary of the most important updates that happened in the VeChain ecosystem during May 2019.


May 2nd, 2019 – CCN features an article on Deloitte migrating some of its clients from Ethereum to the VeChain blockchain.

May 6th, 2019 – New websites for the VeChain Foundation and VeChain enterprise are live. Using the website you can now sign up for ToolChain! You can check out the websites at (enterprise) and (Foundation).

May 6th, 2019 – Zeux, a payment service provider has integrated VeChain into its product. Zeux users can now use VET at merchants that accept Apple Pay and Samsung pay.

May 10th, 2019 – VeChain releases an article on its upcoming hardware wallet VeKey in the article you can read what kind of hardware and software methods are used to secure the VeKey.

May 13th, 2019 – In a new medium article VeChain announces that the Renji Hospital will join the Digital Carbon Ecosystem. Next to this Norway in a Box has joined Bright Code by DNV GL, running on VechainThor.

May 15th, 2019 – Viva Tech is one of the worlds largest annual technology conferences. Together with DNV GL, VeChain attended this conference to showcase ToolChain and My Story.

May 18th, 2019 – The first product, Cupids Farm Milk, has gone live on the Bright code platform. The milk is now for sale in various retail stores across China.

May 28th, 2019 – VeChain’s CFO Mike Zhuang and Luca Crisciotti, CEO of DNV GL Business Assurance, together with George Kang, CEO of DNV GL Business Assurance Greater China and part of VeChain’s steering committee attended the China International Big Data Industry Expo. During the Expo VeChain and DNV GL had the opportunity to discuss their blockchain-based digital carbon Ecosystem with peers in the industry.

Ecosystem Projects

May 1st, 2019 – OceanEx announces that it is joining the CoinMarketCap DATA alliance together with 12 other exchanges. DATA seeks to promote greater transparency, accountability, and disclosure from projects in the crypto space

May 7th, 2019 – OceanEx announces a partnership with Koi Compliance. Part of Binance, Koi Compliance is a leader in the KYC/AML solutions market for virtual currencies. Koi Compliance will help OCE implement an AML (anti-money laundering) transaction monitoring system.

May 20th, 2019 – Safe Haven releases more details on the economics of the SHA token and the business models behind the SHA products. ThorPay requires a lockup of 50.000 SHA to be used. Next to this a Monthly subscription fee has to be paid depending on usage. The Safe Haven Inheritance Platform is available starting from $19,99 a year, while also requiring a minimum amount of SHA.

May 24th, 2019 – Safe Haven (SHA) has applied to be listed on Binance.

May 26th, 2019 – The first Dota2 tournament was successfully held during the Alpha of the Plair platform.

May 31st, 2019 – OceanEx publishes its monthly update with everything that happened at the OCE exchange.

Team members

May 3th, 2019 – Sunny Lu shares a LinkedIn post on DNV GL announcing a successful migration to the VeChainThor blockchain.

May 6th, 2019 – Kevin Feng (COO) shares an article on that showcases the five types of IoT tags that VeChain supplies for various IoT use cases.

May 9th, 2019 – Jason Rockwood (Country Manager USA) once again showing that onboarding enterprises can take a while

May 15th, 2019 – Sunny Lu shares a funny picture of both Mike and Jerome injured after playing sports (the team often enjoys some soccer together).

May 16th, 2019 – Kevin, Sunny and Jerome representing VeChain during this year’s VivaTech event in Paris, France.

May 24th, 2019 – Both the Senior researcher and Chief Scientist of VeChain have written a paper on the Blockchain scalability problem.

May 29th, 2019 – VeChain has been working on a series of tutorials on ToolChain. ToolChain is a turnkey service provided by VeChain that allows anyone to integrate blockchain and IoT technology into its business processes.


May 8th, 2019 – Sven Edgren, Head of Digital Transformation at DNV GL explained the ecosystem DNV GL is working on in the food industry. At the core of the ecosystem will be the blockchain technology provided by VeChain.

May 16th, 2019 – Totient Labs has written an article on VIP-191. VIP-191 is a VeChain Improvement Protocol currently in the testing phase. Once implemented it will allow for an improved fee delegation system on the VeChainThor blockchain.

May 17th, 2019 – Another great article was released by Totient Labs, explaining why and how dApp developers should switch from Ethereum to the VechainThor blockchain.

May 18th, 2019 – A great interview by Ben Yorke where he discusses ToolChain with Sarah from VeChain.

May 22th, 2019 – During SEEDSandCHIPS 2019, Sunny Lu had the opportunity to share ideas on the blockchain-based ecosystem with the Prime Minister of Italy.

May 22th, 2019 – Our own private detective, Waza reminds us of a big upcoming partnership that is going to be announced before the end of June.


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