Organizations are looking for ways to incorporate blockchain technology, especially where improved multi-party collaboration around trusted data can replace error-prone, cumbersome legacy systems. However, building and managing enterprise-level distributed/decentralized applications that provide real world value is not easy to achieve with a base layer and first generation blockchain technology. Lack of experience with cryptography and complex systems management also presents a major barrier for developers trying to build and deploy blockchain-based apps.

What are the potential upsides? According to Accenture, investment banks could cut operational costs by more than 30%, and supply chain companies could reduce data entry requirements by 80%, resulting in significant efficiency improvements and cost reductions. The potential to revolutionize operations across industries is why research firm IDC forecasts $2.1B will be spent on enterprise blockchain solutions in 2018 — more than double the $945M spent in 2017 — and forecasted to grow to $9.7B by 2021. There is no question enterprises are looking to utilize blockchain technology to improve operations in the real world.

And while there are more than 20M software developers globally, only a small fraction have the cryptography, systems-level language, and blockchain network infrastructure administration experience required to build and integrate blockchain technologies into existing systems.

The first blockchains, Bitcoin and Ethereum, laid the foundation for distributed ledger technology. These projects have exposed developers, enterprises, media, banks and many other influential figures to the potential of blockchain technology. They have introduced new paradigms and thought processes for developers who are architecting the next generation of decentralized applications, and the many challenges that come along with new technology.

Current decentralized application development environments still pose a high barrier to entry for developers. The lack of standardization and security frameworks have led to major security flaws and exposed issues with governance. Documentation and resources for Dapp development are fragmented, and some Dapp development platforms only support the Ethereum blockchain, which may not provide the bandwidth or capacity to budget costs required by businesses.

While the first blockchains have helped stand up the industry they have also created a massive opportunity for new entrants to build and improve upon their concepts and ideas. We are entering a new blockchain-driven era where developers can start building scalable, secure, consumer- and enterprise-ready decentralized applications.

Partnering with VeChain means developers and organizations using Esprezzo will be able to quickly build and deploy their Dapps onto the VeChainThor Blockchain — a network designed to handle business transactions at speeds needed to bring value to the real world.

The Esprezzo Platform

At Esprezzo, our mission is to provide developers, enterprises and organizations easier, more elegant ways to quickly build blockchain-based, decentralized apps (Dapps) that communicate with off-chain business data so they can realize the benefits of blockchain technology in the real world, thereby improving efficiencies and creating value.

Esprezzo provides a bridge to blockchain development, making it easier to build and deploy on various blockchains — starting with VeChainThor Blockchain and Ethereum — without specialized blockchain expertise.

The Esprezzo platform will aggregate data from multiple blockchains, smart contracts, legacy databases, oracles and various external sources to a unified API which provides everything needed to write applications for the next generation of the web.

Esprezzo’s tools include SDKs, REST and GraphQL interfaces, API services to provide access to the leading public and private blockchain networks, a library of easy-to-deploy smart contracts, convenient access to real world data via oracles and more. Our abstract/aggregate data tier is a consensus-based, peer-to-peer network protocol that includes a distributed ledger, a fabric of domain-specific sidechains, and a crypto-token with extremely high transaction speeds. The platform dashboard will provide visibility into Dapp adoption and performance.

Esprezzo’s EZPZ tokens will be used to validate transactions on the platform. Tokens can be used for abuse mitigation and value transfer utility. In addition, EZPZ tokens will serve as an abstraction to acquire resources on various platforms we integrate with. EZPZ Tokens will be minted and run on the VechainThor Platform.

More details on the Esprezzo platform will be detailed in our forthcoming updated whitepaper.

Why the VeChainThor Platform?

When evaluating new blockchain platform integrations, the VeChainThor Blockchain was a clear choice for several reasons. First and foremost, they share our vision of making blockchain accessible to everyone. The team’s decades of experience in consulting, supply chain, luxury goods and finance means they intimately understand the requirements, business goals and challenges of these industries and existing blockchain solutions, when designing their platform.

We are excited to partner with VeChain for a variety of reasons. Crucially, the capacity of VeChainThor and it’s Proof of Authority block production model allows for a higher volume of smart contract and payment transactions (10,000 transactions per second versus Ethereum’s 20). This provides a significant advantage for our customers as well as increasing our internal development velocity.

Additionally, VeChain is leading the way to standardization in many of the areas most fundamental to enterprise blockchain adoption. With VeVid, VeChain has created a consistent and idiomatic way to address identity, KYC, transparency and accountability using smart contracts. We are also excited to explore use cases with VeChainThor’s native Distributed Data Vending (DDV) framework as a way for companies and consumers to own and control their own personal, medical and financial data. The applications of these technologies are endless and the standardization put in place by VeChain will provide a foundation for the development of more advanced industry-specific applications and solutions.

By providing a trusted, performant and enterprise-friendly platform to support the next generation of distributed business applications, VeChain is positioned to offer unique functional and structural advantages to Esprezzo. As such, VeChainThor will be the primary target for our suite of tools and services in the near and foreseeable future.

Existing VeChain partners will be able to take full advantage of the tooling that Esprezzo develops for the VeChainThor Ecosystem. In return this will greatly reduce the need to hire blockchain developers and instead activate existing enterprise development teams to rapidly build blockchain-based applications.

Besides providing an elegant way for developers and businesses to deploy Dapps on the VeChainThor Blockchain, we are in conversations with companies looking for guidance on implementing blockchain solutions and look forward to bringing them to the VeChain Platform. These include:

Supply chain management leaders that are looking for more scalable and performant blockchain tools to maintain high throughput data tracking. Potential track and trace use cases: alcohol, pharmaceuticals and automotive parts.

Digital identity firms looking to implement biometric-based solutions using Esprezzo to rapidly prototype and test applications with end users.

Real-time video streaming companies that can support 50M concurrent users while requiring expirable network maps.

Partnering with the VeChain Foundation to make blockchain accessible to everyone means we can expect to see more enterprises and developers building Dapps on the VeChainThor Blockchain to achieve improved efficiencies and better experiences for everyone.

The Team

Remy Carpinito, Co-Founder & CEO

Remy Carpinito was the Founder and CEO at CampusTap, an EdTech company servicing over 1MM global users within over 60 universities across the United States. He has been the keynote speaker for Global Blockchain Summit, Lord Mayor of London, Boston Blockchain Week, RestartX NYC and recently has returned from a global Blockchain and FinTech delegation in China extending over four major cities. He won the “Product Innovation Competition” and designated as the “Entrepreneur of the Year 2013” by Suffolk University. While running his own startups over the years he has also mentored top companies in the Greater Boston Area.

Alan Wilhelm, Co-Founder & CTO

Alan is a proponent of decentralized computing and finance and has worked with, and contributed to several popular open source blockchain projects. At Esprezzo he leads software development, platform architecture, and technology strategy. Alan has 15+ years of software engineering experience. Before Esprezzo, Alan was a DevOps and Data engineer at RadiusIntel, Citeline and Electronic Arts. Alan was an early Bitcoin miner in 2010 and built out one of the first functional programming interfaces to Ethereum in 2016.

Craig Gainsboro, CFO

Craig is an accomplished CFO with a concentration in technology, professional services, manufacturing, distribution, and blockchain companies He is the former US CFO for the Tax and Advisory services lines for PricewaterhouseCoopers LLC which accounted for $2.4bn and $2.2bn of annual revenues, respectively. He is the Founder and CEO of Ignition Consultants which is an outsourced CFO services company where he has raised over $500MM in venture equity and debt for his clients.

Igor Baldyga, Blockchain Strategy

Igor has a background in operational management through his experience at Harvard University where he served in various leadership roles. As an early adopter of Bitcoin, Igor has gained deep expertise in crypto trading, investing and specializes in all things crypto and blockchain.

Jialin Luh, Director of Product Marketing

Jialin leads Product Marketing at Esprezzo, and is a passionate user advocate who has launched award-winning physical and digital products for consumers and businesses at Monster, Speck, and Evernote.

Kevin Coutu, Head of Product

Kevin leads brand vision for Esprezzo and has over a decade of experience in product management, UX design and analytics. His former roles include Chief Product Officer at Gamer Sensei and Product Manager and UX Designer at Webby-nominated MeYou Health.

Kyle Clark, Operations Manager

Prior to joining the Esprezzo as Operations Manager, Kyle served as Director of Business Development for CampusTap, responsible for crafting and implementing CampusTap’s growth strategy both within higher education and other alternative channels. Before joining CampusTap, Kyle served as Co-Founder of Prime Student Loan, a free online service that assisted college graduates in determining the best way to re-pay over $150m of student debt.

Rita Dillon, Finance & HR Manager

Rita has worked in the finance industry for over 30 years. Her experience includes corporate accounting for a wide range of companies, implementing accounting and operational systems as well as human resources management.

Featured Partners

VeChain

Dragonchain

Strategic Advisors

Sunny Lu — CEO and Co-Founder of VeChain

Advisors

Dr. Mihaela Ulieru — Blockchain Expert and Chief Alchemist at Endor

Rob Dolci — President and CEO of aizoOn USA

David Fragale — Co-Founder and Chief Product Officer of Atonomi

Eileen Quenin — Founder & VP Product Development MC2

The Raise

The max supply of EZPZ tokens will be 5B tokens. This round of issuance will be separated into 3 tranches: the private round currently in progress, the VeChain Foundation round for X Node holders, and the public round. The private sale combined with the ICO is hard capped at 30% of total supply. The exact ratio of VET to EZPZ tokens for distributions will be announced at a later date.

We’ve pledged to raise at least 50% of token sale funds in VET, based on our commitment and trust in the VeChain Ecosystem. We intend to hold VET throughout the project’s development, and only utilize VET for funding in the event all other financial resources are exhausted.

Our friends and family round just closed and our private sale will kick off soon. Pre-sale for X-Node holders and the public sale will kick off in the coming months. Specific details will be announced at a later date.

In Conclusion

This partnership brings together two platforms whose teams include seasoned veterans from a range of industries that understand the business needs and challenges hindering blockchain technology adoption. Working together, we look forward to helping developers and organizations build the blockchain-powered future.

Join Us

Interested in joining us as we democratize blockchain development? We’re always looking for developers and technology partners. Drop us a line: contact@esprezzo.io

For more information, visit esprezzo.io. The updated version of our white paper will be out soon; please stay tuned.

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