Good News! Vonechain Technology Being Approved for Zhangjiang National Independent Innovation Demonstration Zone Special Development Fund

Recently, the Shanghai Science and Technology Innovation Promotion Office issued Zhangjiang National Independent Innovation Demonstration Zone Special Development Fund Key Program Year 2021. As a rapid growing high and new technological enterprise, Vonechain Technology passed the evaluation of key program and gained acknowledgement in terms of professional ability and development prospect!

Vonechain Technology passed the evaluation

Shanghai Zhangjiang National Independent Innovation Demonstration Zone Special Development Fund is a special development fund established by Shanghai city in order to further support Shanghai Zhangjiang Development Zones for New and High Technology Industries, aim for the target of being a world class technology park, while constructing open and tolerant innovative environment, high concentrated innovative main body and international leading technology park with free circulated innovative element and several innovative achievements. This time, as a rapid growing high and new technological enterprise, Vonechain Technology had received acknowledgement in terms of technical research and development ability, business model and development prospect via declaring company’s key project.

“Newborn” Blockchain Brings New Blue Ocean

Nowadays, being the most popular concept in present, “metaverse” has grabbed the attention craze of various industries such as investment sector and technology sector.

Facebook changes company name to Meta and advances to metaverse

Behind the wonderful imagination of “metaverse” concept, “metaverse” requires support from various technologies, and one of the technologies is blockchain. Just like metaverse which emerged early in 29 years ago, blockchain is no longer a new concept anymore too.

Since introduced in year 2008, blockchain development can be approximately divided into 3 stages. Stage 1.0 is digital asset as typical representative, whereas stage 2.0 is the application of smart contract as typical characteristic.

Currently, blockchain development is in 2.0 which is the advanced stage, and by combining and implementing specific industry in large area will cause blockchain to occur qualitative change and upgrade to 3.0, namely social governance tool. Real industrial level and ecological level of implementation will become the prelude of “newborn” of blockchain. This also means that blockchain will achieve social governance mode from stage based on traditional informatization technological support to law stage based on blockchain order.

All of this may not be far away from us.

In October 2019, blockchain officially went up to national strategic level; in April 2020, National Development and Reform Commission included “blockchain” as new type of infrastructure for the first time and made clear statement that it belonged to information infrastructure of new infrastructure construction.

Furthermore, according to the hype cycle of latest technology issued by Gartner, a well-known data research agency, blockchain technology reaches the “enlightenment” phase, which means most of the regions all over the world start to understand the power of blockchain technology. The most important thing is, enterprise and government start to try to understand about blockchain in order to facilitate better life, better world and resilient business.

Gartner’s Blockchain Technology Hype Cycle 2021

As blockchain technology becomes more and more matured and receives policy promotion and support, blockchain development in our country marches into a new period. Based on the research analysis from related institution, along with huge capital investment in year 2018 and 2019, blockchain industry in our country had possessed certain scale. In year 2020, despite that people all around the world were affected by COVID-19 pandemic breakout, blockchain technology in our country still increased stably, whereby all-year industrial scale in year 2020 reached $4.185 Billion Yuan. It was a significant increase compared with year 2019.

Market scale of blockchain industry is expanding rapidly, while blockchain technology is speeding up in terms of in-depth application.

As the blockchain innovator, Vonechain Technology has been researching in-depth on blockchain industry for years in order to provide special blockchain solutions for all industries and achieve successful implementation of blockchain technology in different industries. This time, being a rapid growing high and new technological enterprise, Vonechain Technology being approved for obtaining fund support from Zhangjiang National Independent Innovation Demonstration Zone Special Development Year 2021 has shown great support from government on industrial blockchain development, while also expressing that blockchain industry implies huge development potential. In future, we will continue to study in-depth on technical research, facilitate combination and implementation between blockchain and more industries, show technical advantage of blockchain, promote industrial development via technology and put utmost effort in developing digital transformation of our country.