From Blockchain to Metaverse, Vonechain Technology Shares About This in Apsara Conference

Today, Apsara Conference 2021 which lasted for 4 days had successfully ended. During the global top technology summit, latest technology and cutting-edge opinions had collided to form splendid technology spark, while various products and professional speeches also shown the future of national digital development to industry insiders that participated in the conference.

In this year’s Apsara Conference, Vonechain Technology unveiled the core product VoneBaaS, meanwhile “familiar” products such as VoneTracer, VoneCredit, VoneDAO also made new appearances on stage. These products had shown latest technological achievements of Vonechain Technology in blockchain technology and successful implementation of blockchain in empowering all industries to the audiences.

Furthermore, Mr. Liu Tao, CEO and founder of Vonechain Technology gave a speech entitled “Metaverse: The Ultimate Form of The Internet” in the conference on 22nd of October. During his speech, he explained in detail starting from definition of metaverse until how to achieve metaverse, while predicting problems that may happen in implementation process and thoughts coming from it so that the audiences will have simple understanding about the new world brought by metaverse.

Take A Closer Look at Metaverse by Following Vonechain Technology

On 22nd of October, Mr. Liu Tao, CEO and founder of Vonechain Technology gave a speech entitled “Metaverse: The Ultimate Form of The Internet” during the Apsara Conference.

Mr. Liu Tao is giving a speech in the conference

Metaverse, an “Old Concept” that will Go Viral This Year

In March, Roblox, a sandbox game platform which allows users to program games and play games created by other users was listed on exchange, and the company’s stock price had soared 54% on the first day of listing with market value worth more than $40 Billion. This incident had ignited the investment and technology field to put metaverse, a concept that already appeared 29 years ago into the public spotlight.

Since metaverse “reignited”, tech giants in and out of our country started to involve in the project respectively. From Facebook to Tencent, ByteDance……, companies have expressed ambitions for metaverse one after another.

What is Metaverse?

Currently, there is still no official definition about metaverse. The most typical definition is:

“Metaverse” is a virtual space which can be parallel but independent at the same time in real world. It is an online virtual world that reflects the real world, and a more and more real digital virtual world.

In his speech, Mr. Liu Tao said that, development of metaverse definition can be divided into 3 phases:

Phase 1:
Classical pattern of “metaverse” with literature, arts, religion as medium.

Phase 2:
Neoclassical “metaverse” with science fiction and electronic games pattern as medium.

Phase 3:
Definition that creates hot issue currently, that is the “metaverse” in high intelligence pattern with “decentralized” games as medium.

However, technological perspective needs to be introduced if you wish to fully understand metaverse. Technical significance of “metaverse” includes content system, blockchain system, display system, operation system, and eventually shows up as 3D interface that exceeds screen limit. This represents the emergence of holographic platform era after PC era and mobile era.

Technology cluster which supports “metaverse” consists of 5 sections: network and computing technology, AI, electronic games technology, display technology and blockchain technology.

Technology cluster of metaverse

Blockchain technology plays an important part in building metaverse. Firstly, blockchain technology helps metaverse to achieve unity in virtual value and true value. Via blockchain, metaverse can build connection between real industry and virtual world, while achieving real free flow between both sides. Secondly, as an underlying technology, blockchain combines with technologies such as AR, VR, AI and 5G to achieve “1+1>2” result. Moreover, blockchain can link these technologies together to form business loop.

Apart from objective realization in terms of technology, we still need to think about the mindset impact brought after the formation of metaverse. Who is the subject of “metaverse”? Who are the indigenous people of “metaverse”? Mr. Liu Tao replied that:

During the early period of “metaverse”, people in real world who obtained virtual identity via digital twin method started to achieve virtual configuration based on physiological existence, cultural existence, psychological and mental existence of traditional people, thus they became the 1st generation of virtual indigenous people in “metaverse”. Meanwhile, subject, biological man, electronic man, digital man, virtual man, information man of “metaverse” will all develop into organism and inorganic body, whereas combination between AI and genetic biotechnology will form “post-human”.

“Resident” of metaverse is inevitably diversified, while moral, ethnics, philosophy issues that come from it are also worth to think about. Some old concepts, such as Yangmingism of Wang Yangming, existentialism of Jean-Paul Sartre, dualism of René Descartes and etc. had been mentioned once again for further thoughts.

Currently, metaverse still belongs to an advanced concept and has a long way to be materialized. However, Mr. Liu Tao believed that, as technologies such as blockchain, VR, AR, Internet of No Things, digital twin, holographic communication become more and more matured, metaverse will eventually become the ultimate form of Internet.

Booth Popularity Ignites the Conference

Besides the excellent speech given by CEO Mr. Liu Tao, Vonechain Technology’s booth also created hot issue during the Apsara Conference. Eye-catching orange theme of Vonechain and cute mascot exhibition board attracted many visitors to stop by. Meanwhile, cutting-edge products and detailed explanations of our staffs enabled visitors to have deeper understanding about blockchain technology and its implementation.

Popularity of Vonechain Technology’s booth

High-popularity Vonevone was in favoured by visitors

Furthermore, in this year’s Apsara Conference, Vonechain Technology unveiled the core product, VoneBaaS to the public.

VoneBaaS blockchain underlying platform helps enterprise to solve dilemma in chain issuance, easily establish blockchain applications with various types of business scenarios and facilitate real economic development. For traditional enterprises, blockchain product research and development which relies on VoneBaaS platform can greatly save technology cost and fully achieve high-effective development. On the other hand, for companies that have technical foundation, VoneBaaS can also be used to enhance reformation efficiency of current system blockchain, promote implementation of blockchain project and facilitate professional development of blockchain products. VoneBaaS can help the enterprises by responding to diversified market requirements and providing multiple scenarios of blockchain services.

Moreover, “familiar” products such as VoneTracer, VoneCredit and VoneDAO also displayed at the booth in latest form.

Continuous enquiry at the booth

Except for core products, various events in Vonechain’s booth also ignited the atmosphere in the conference.

Lucky winners who win Vonechain customized luggage during lucky draw session

Customized canvas bags are also very popular among participants

Blockchain + Cloud Computing Creates New Channel of Digital Transformation

Apsara Conference 2021 which carried the theme of “Invent, Explore, Inspire” demonstrated the latest cloud technology products and most cutting-edge technical concept during the exhibition.

During the digital transformation process of enterprises, followed by the expansion of enterprise scale and upgrade of operation method, requirements towards management level, IT ability, service ability and etc. of the enterprise also become higher. “Cloud issuance” seems to become the best solution in solving enterprise’s digital difficulties. At the same time, Coronavirus outbreak also increases the awareness and enthusiasm of enterprise on cloud platform issuance. In addition, expert has predicted that, cloud issuance of SMEs not only marks the recent development direction of our country, but also shows importance in digital transformation of enterprise.

From technical view, cloud computing is divided based on requirements, whereas blockchain is the establishment of trust system. The former shows a centralized system, while the latter shows a decentralized system. However, both cloud computing and blockchain which seem to be in opposite form actually have unexpected similarities, and their combination can even produce new power.

For cloud computing, “credible, reliable, controllable” are regarded as the 3 essential factors that must be overcome in cloud computing development, while main characteristics of blockchain technology such as decentralized, anonymity and tamper proof of data are coincident with long-term development goal of cloud computing.

Moreover, blockchain technology ensures tamper proof of every data block and prevents user who does not have private key from reading the record content of data block, thus this enables application to run safely, stably, reliably and assures cloud computing security.

As the innovator of blockchain industry, Vonechain Technology has undergone research in industry, technology and analyzed in-depth in order to establish “customized” blockchain products for clients, provide highly targeted blockchain advisory services, facilitate actual implementation of blockchain technology in industry and put utmost effort in digital transformation of enterprise.