Singapore, 12 November — V SYSTEMS and ZB announced a new partnership at “The Capital” today, to accelerate the development of blockchain-based solutions in internet and finance sectors.

Realizing the rising adoption and extensive use cases of blockchain technology for internet and financial services, V SYSTEMS and ZB will join forces to identify potential companies or projects with high market demand and existing end-users, in order to build a blockchain network for global adoption. The two teams will also work closely to encourage users’ long-term engagement through staking. According to the partnership, V SYSTEMS and ZB will cooperate on the following initiatives:

Identify companies and projects with real-world use cases and high market demand in the Internet and financial service sectors, with an aim to achieve utilization of blockchain technology;

The addition of V SYSTEMS-powered projects to ZB platform;

Cooperation with ZB to provide its users with access to V SYSTEMS-powered projects to facilitate community building and expand user base;

Provision of secure and stable staking services to drive users’ long-term engagement on the V SYSTEM blockchain.

During the presentation, the V SYSTEMS team revealed the first batch of pioneer project co-supported by ZB. The first featured project is Tachyon Protocol, a decentralized internet protocol originated from X-VPN, which is one of the world’s largest VPN service providers and the world’s top 20 mobile app with 50 million global users. Additionally, two more DeFi projects are currently under development, namely Home Token and WalkBank. The former token project is a mortgage-backed stablecoin co-launched by a Fortune 500 real estate group, and the later one will be a decentralized bank platform co-developed by xCurrency, which is a live currency converter mobile app with 70 million global users.

V SYSTEMS announced another partnership with OceanEx yesterday, and the team will continue to seek more quality industry partnerships to expand its DeFi ecosystem.

About V SYSTEMS

V SYSTEMS is a general purpose blockchain database for decentralized applications. Led by Chief Architect Sunny King, the V SYSTEMS blockchain has implemented his new innovative consensus algorithm — Supernode Proof of Stake (SPoS) . V SYSTEMS aims to deliver decentralized database cloud technology that is scalable and durable, with high finality, performance and the highest resistance to 51% attacks.

About ZB Group

ZB Group was founded in 2012 with the goal of providing leadership to the blockchain development space and today manages a network that includes digital assets exchanges, wallets, capital ventures, research institutes, and media. The Group’s flagship platform is ZB.com, the industry leading digital asset exchange.