Vena Network — An Open protocol for tokenized Asset financing and Exchange



Society has advanced more in the past several decades than it has in a millennium. Despite all our technological and societal advances, we struggle to overcome some of the same fundamental challenges -global poverty, disease, and the distribution of wealth and power, to name just a few. Crypto-currencies have developed over the last few years, and have grown from a concept to a relatively stable investment for many. With the rise of a small number of big tech companies and governments using technology to watch their citizens, many people now believe technology only centralizes power rather than decentralizes it. There are important counter-trends to this like encryption and cryptocurrency that take power from centralized systems and put it back into people’s hands. Humanity has a long way to go. Before I proceed lets take a look at the video below.
 

https://youtu.be/gzmAPSF3USU


VENA
Vena network seeks to create a non-centralised digital asset market and exchange enterprise via the Vena protocol, which has two major categories:
The basic protocol layer
This layer mainly includes registration, configuration, routing, and management of upper layer financial assets.
Asset protocol layer
This is based on assets, completes user-defined financial businesses through the implementation of the terms contract interfaces

FEATURES
Smart Contract
Smart contracts will be used by vena network to standardize the implementation of Vena Protocol on Ethereum. this can be completed with open source contract code released with AGPL protocol and it's far completely loose.
The clever settlement language used by the Vena group is genuinely relaxed to bring about a settlement library this is trendy for both transaction class and debt class.

Signature Verification
Vena kernel is a agreement used to authenticate the signature belonging to taking part roles because it relates to transactions. This agreement additionally prevents cast order from being submitted.

Time Locking
This option protects fiat foreign money from malicious fraud and manual affirmation timeout during off-chain transfer.

ECOSYSTEM
The key element of Vena network is Luoshu button that allows users to perform open deal for property and tokens via rocket deal. Their network allows users to perform peer to peer decentralized transactions around the globe at any time they want to. And when it comes to area, all of the digital assets of the individual are stored straight in their contract if not misused or locked in a streetwise contract when there is an concord. A new block chain project, Vena Meshwork, aims to alter the debt markets, thereby applying the benefits of block chain application to the most spectacular function in the financial sector.
The key success behind ICOs has been that they enable p2p cap nurture. Rather than the grouping having to go through VC finances that endure squeaky fees, fill were healthy to fit without having to go finished a representative. Vena Mesh intends to wage a kindred goodness in the debt markets by removing the impoverishment for middlemen in the disposal transform.



TOKEN DETAILS
The total supply of the coin is fixed at 1 billion which will be distributed as follows:


Team and advisors: 15%
Token sale: 30%
Bounty pool: 15%
Vena foundation: 30%

ROADMAP
MEET THE TEAM BEHIND THIS PROJECT
C.E.O: Ching Zhu. An excellent performing honours student from UESTC and is also the founder of chainboard technology.
C.T.O: Jeremy Lan. A blockchain engineer, co-founder and CTO of hardrole.
Operation director: May Du. A richly experienced entrepreneur, who hold a post graduate degree of finance from Nanyang technological university, China.
C.S.O: Yuanfei Zhu. A top student recommended for admission to Shanghai jioa Tong University as a top student, majoring in computer sciences. He later went on to found moregg during his suspension of school.
Business director: Zed Zhao. A graduate of UESTC, a former project manager at UETC, saw to the creation of encrypted platform and cyber security system for armed police.
Product director: Zoki wang. A graduate of UESTC, who is very rich in knowledge about the internet industry, having previously worked for reputable internet companies.
Overseas market manager: Amira Zhou. A practitioner with years of experience in business negotiation and project management.


For more information, please visit:
Website: https://www.vena.network/en.html
Whitepaper: http://whitepaper-en.vena.network/#51-the-overall-architecture-of-vena-network
Telegram: https://t.me/vena_network
Twitter: https://twitter.com/VenaProtocol
Facebook: https://www.facebook.com/Vena-Network-207271413455484/
Medium: https://medium.com/@457597870
Github : https://github.com/venanetwork


Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9

Comments

Popular posts from this blog

EASY TRADING PLATFORM: A decentralized trading platform where uses can do autotrading

DACX: A Digital asset and Community Exchange Platform

HPQ (High Purity Quartz): The Number One Industrial Commodity - Backed ICO in Asia ‘2018