VEChain, Litecoin, and NEO won the award at World Blockchain Forum: Shenzen

The VeChain mainnet recently surpassed 1 million transactions

NEO slated to achieve complete decentralization in 2019

According to a LinkedIn post published on January 14, 2019, by Jokia YIN, COO and Head of Communications at World Blockchain Forum, VeChain (VET), Litecoin (LTC), and NEO have won the award for the “Innovative Blockchain Project of the Year.” Other projects which were presented the award include the likes of Ontology (ONT), Hashgard, Ubank, Bitbeta, Decentraland, ArcadierX, and Rapidash.

The World Blockchain Forum (WBF) held in Shenzen witnessed attendance from more than 500 attendees, 40 speakers, and 200 media personnel. The event saw inspiring speeches from more than 30 professionals in the fintech space and 3 panel discussions analyzing the impact of regulations the world over on blockchain technology.

Notably, WBF: Shenzen was the fourth installment in a series of blockchain conferences organized throughout 2018.

A Look at the Winners

It’s perhaps no surprise that the likes of VeChain and NEO were among the recipients of the award. Both the projects had quite an eventful 2018.

Speaking about NEO, the China-based smart contracts platform had a fascinating Q4 2018. The project’s mainnet was upgraded to version 2.9.0 on October 25, 2018. The new mainnet client allows users to utilize the Akka framework. It also makes the process of running nodes on the NEO Network more safe and convenient.

The project also formed a partnership with Arqit to research on quantum resistant blockchain solutions. NEO carried on the positive momentum into 2019. BlockchainReporter informed its readers on January 1, 2019, regarding the deployment of the NEO Virtual Machine outside the NEO Network.

The project reiterated on December 6, 2018, that it’s set to achieve decentralization in 2019. Notably, two out of NEO’s seven nodes have already been decentralized.

Shifting the focus to VeChain, the Singapore-based project had no dearth of achievements to boast about in 2018. The project extended its boundaries and continually delivered in the form of high-profile partnerships and brainstorming blockchain-based solutions for the supply chain industry.

BlockchainReporter reported on January 8, 2019, about the firm’s partnership with Japan’s largest telecom service provider NTT Docomo.

The community achieved another milestone in 2018 when its mainnet surpassed 1 million transactions. Further, it also formed an array of partnerships with influential industry players, including Morpheus, BIOS, and Fuji Marumo, among others.

To sum up, the pace at which the aforementioned projects blazed the trail in 2018 is commendable. Yes, the giant strides might not have necessarily translated into colossal price movements of the altcoins, but it is also true that the need of the hour for the crypto industry is actual working products and not speculative hype.