China Blockchain Partners attended VeChain rebranding event, held in Singapore on 25 and 26th of February 2018 in Singapore.
At the event, VeChain (VEN) was officially rebranded to VeChain Thor (VET). This rebrand entails much more than simply a new name and a new logo. As VeChain becomes VeChain THOR and VEN is listed as VET their blockchain will run on a two-coin system. THOR will be a separate product from VET which can be acquired through the staking of VET in a wallet.
As VeChain’s team wrote:
‘This apotheosis is not a day, a logo, or an economic model but rather it is a full revamp from a private blockchain to a qualified decentralized application platform servicing public applications, on a decentralized ledger, capable of evolving how the world defines business ecosystems.’
The main event as well as the informal welcome and goodbye parties were a great way to further get to know the full team behind VeChain. It was nice to have at length discussions with the technical team and the key partners of the foundation such as DNV GL and PWC.
We thank VeChain for the invitation and look forward to further build out our partnership.