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Vaionex doubling down on fast and efficient BSV blockchain development

This article was originally published on CoinGeek on June 15, 2022.

Ayre Ventures, the investment group founded by Calvin Ayre, has closed a $1.23 million funding round with Vaionex Corporation, the Blockchain-as-a-Service (BaaS) firm that has become a crucial part of the Bitcoin SV (BSV) ecosystem.

In a statement, Ayre hailed Vaionex for creating “a funnel that brings developers and non-developers alike into the BSV ecosystem, identifying major pain points and simplifying them for both entrepreneurs looking to build new businesses as well as existing companies looking to incorporate blockchain benefits into their operations.”

Indeed, Vaionex co-founder Robin Kohze describes his company as an ecosystem all by itself. From humble beginnings, Vaionex is now a group of companies based on the view that “all enterprises ultimately need to have some blockchain component in it, for micropayments, tokenization, ownership aspects and more.”

Vaionex operates three separate business units – Joint Ventures, #Blockchain as a Service and Consultancy.

We see these as key strategic units to growing the #BitcoinSV ecosystem and accelerating global adoption.

Get in touch with us via [email protected] to find out more. pic.twitter.com/Ghd5CjS0eX — Vaionex (@Vaionex_Corp) January 27, 2022

Kohze believes blockchain technology is just “so much leaner than the existing infrastructure. Where once you needed a team of 20 coders and an extended support team, you can now build the same product with a single developer.”

But while interest in blockchain is high, resistance to incorporating blockchain tech remains, in part due to the perception of the challenges involved. Vaionex aims to alleviate these concerns by providing companies with a way to seamlessly integrate blockchain tech while ensuring reliability, all without breaking one’s budget.

Humble beginnings at Cambridge

Kohze, a genetics department PhD student at the University of Cambridge just months short of graduation, is no newcomer to BSV. Kohze was taken by Dr. Craig Wright’s insistence that the original Bitcoin protocol could easily transcend the capacity restrictions zealously enforced by the BTC developer team. A step BSV has taken to create “one global blockchain” that focuses on worldwide infrastructure utility rather than short-term monetary schemes.

As Kohze told CoinGeek, Bitcoin’s status as the initial blockchain-based technology makes it “the most stable token protocol out there.” If Bitcoin was scalable without protocol changes it would make it “pretty much superior to all the other blockchains.”

In November 2018, directly after the BSV/BCH split, Kohze invited Wright to discuss the future of BSV in Cambridge. The pair discussed the possibilities that would arise once BSV demonstrated its ability to scale to not only meet the requirements of a truly cost-effective digital currency but also an immutable data storage platform. Kohze says Wright explained his belief and confidence that BSV would ultimately “roll up all the different blockchains into BSV,” which would allow all developers to build on one platform, much as they build on one internet.

Inspired by Wright’s vision of a Metanet, Kohze founded the Cambridge University Metanet Society in April 2019 to support the study and development of BSV with the ultimate aim of building blockchain-driven Metanet applications. With financial assistance from the Bitcoin Association, the Society has conducted dozens of events in addition to its Phoenix Challenge coding competition.

Kohze himself is no slouch in the coding arena, having received two Google Summer of Code stipends and winning a series of competitions. Among them, Kohze won CBhack 2019, a Cambridge hackathon with 120 participants and got second-place at the international CoinGeek Seoul Hackathon.

The success of the Metanet Society led Kohze to team with long term acquaintance and former supervisor Dr. Samuel Schmidt, a previous postdoc at Cornell University with an enthusiasm for BSV to match Kohze’s, leading to the launch of Vaionex in 2020. One of their first endeavors was Satolearn, a blockchain education platform that was built in a matter of months at a cost of only $4,000 but has since had sustained student success and even became an integral part of the fintech curriculum at the University of Exeter. Talks are ongoing with other schools interested in adding Satolearn to their curriculum.

Kohze said Satolearn was designed as a “fun interactive learning experience” that would also challenge users by requiring them to interact with the blockchain through coding. By the time a student has finished the program, they’re not just better educated on blockchain matters but actual blockchain developers. The platform has been so successful that commercial companies are increasingly using it to ‘upscale’ their employees.

Bitcoin’s Swiss Army knife

Kohze and Schmidt recognized that many companies would like to integrate the positive aspects of blockchain technology but didn’t want to impose unnecessary delays on their progress. This inspired Vaionex to develop Relysia, the ‘super-tool for developers and entrepreneurs.’ More specifically, Relysia is a BaaS development suite that employs over 60 Application Programming Interface (API) endpoints that ensure swift and reliable integration of wallet creation, token issuance, smart contracts and more.

Kohze said Relysia “can cover almost any possible blockchain application,” a claim borne out by the experiences of 16 projects completed over the past 18 months. Vaionex has been rolled out to 22 companies this year alone and directly collaborates with firms to continue to improve the robustness of its systems.

An extension of Relysia infrastructure is Metashard, a resource-efficient platform for registering and managing data for which authenticity is essential. In keeping with Vaionex principles, integration doesn’t require users to make any technical configurations, easing their way to storing files on-chain with guaranteed integrity while remaining easily accessible.

At the recent BSV Global Blockchain Convention in Dubai, Kohze unveiled a number of new Vaionex initiatives, including Transpiler, a ‘wormhole to efficiency’ that reduces transaction fees by 99.99%. Just by going to transpiler.bitcoinsv.com, a developer can enter an existing smart contract and get an sCrypt contract that can with one click be converted to low-level Bitcoin Script language.

Kohze also touted SV Agency, which (among other things) will allow WordPress users—who are responsible for 43% of internet content – to post not only to the internet but simultaneously to the BSV blockchain. With the concept of ‘truth’ being somewhat malleable these days, there’s a need to ensure that the content users post is “unchanged, authentic and yours,” something only the immutable blockchain can provide.

Vaionex is also bringing some badly needed utility to the NFT sector with NFTech, a partnership with Gravity that enables users to commoditize different assets. Utility is also the focus behind Vaionex’s STAS smart contract platform that can handle dynamic data tokens, royalty tokens that pay the initial user with every transfer and multi-output tokens that can be sent to dozens of users with a single transaction.

Transaction volume is the real ‘number goes up’

Kohze cited a recent Ethereum presentation that cited higher token price leading to a greater market cap that creates bandwidth for greater investment. Kohze wasn’t sure this would apply at the enterprise level, because while Ethereum had a large investor community, nearly all enterprise activity on Ethereum has moved to Layer 2 solutions like Polygon because Ethereum’s base layer simply can’t scale to meet enterprise-level requirements. Now Polygon has its own scaling issues, and Kohze notes that adding additional layers/protocols brings security issues that tend to make enterprises nervous.

Kohze is confident of BSVs competitive advantage “for the simple reason that when you build on Ethereum you have to ask for the transaction fees, therefore you cannot just start developing.” By comparison, the BSV blockchain’s ability to enable true micro-transactions allows Relysia to offer plans that cost as little as $30 for one million on-chain transactions. “With Relysia, you can directly start developing without any transaction fee burden and thus less onboarding friction than any blockchain platform out there, and that gives us the long-term advantage.”

The plans ahead

With sustained business success over the past 18 months, Vaionex has grown to a company of 33 members and aims with the new office extensions in Dubai and India to meet operational demands. Kohze states, “Vaionex has always stood for fast and efficient blockchain development at competitive price levels. Staying lean allowed us to be competitive, experimenting with new software architectures not explored previously. We will uphold our core philosophy during this transformative process with significantly more resources at hand.”

To the nature of the investment, Kohze responded: “Investment should always proceed product market fit. After Vaionex grew from a small company to one with significant revenue growth we are now confident to double down on the path taken and were thus keen to raise the required funds to accelerate the process. Ayre Group came at the right time as their biddings not only matched competitive funds, but moreover represented a deeply reliable partner in our growth path within the BSV ecosystem.”

Watch: BSV Global Blockchain Convention presentation, Vaionex: Frictionless Blockchain Solutions

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Vaionex closes major investment round with Ayre Ventures

This article was originally published on CoinGeek on June 13, 2022.

Antigua, June 13 2022: Vaionex Corporation, the Blockchain-as-a-Service (BaaS) company that has become a crucial part of the BitcoinSV (BSV) ecosystem, has closed a significant investment round of $1.23M USD with Ayre Ventures, marking its largest funding round to date.

CEO and co-founder, Robin Kohze, described Vaionex as a group of blockchain companies focused on core infrastructure (Relysia), on-chain database storage and management (Metashard), smart contracts (Transpiler), tokenization (STAS), and non-fungible tokens (NFTech). Vaionex aims to reduce BSV development time by as much as 95%, while eliminating the friction that prevents companies from embracing blockchain technology on their own.

Kohze, a genetics department PhD student at the University of Cambridge, started Vaionex after co-founding the Cambridge Metanet Society in 2019. Metanet Society events and debates led to the launch of Satolearn, a platform that teaches users how to program blockchain-based applications which is now part of the FinTech MSc program at the University of Exeter. To date, Satolearn has educated over 1,500 graduates and has become a major learning source for BSV ecosystem companies.

Kohze commented on the investment: “Essential societal shifts towards digitally driven decision-making created the need for verifiable data sources and their management. Immutable blockchain components will soon transform the ability and reliability of data-driven platforms of nearly any vertical in the world. While it is no easy feat to stand at the forefront of blockchain transformation, we focused on the base needs of our growing list of enterprise partners in that process. Ayre Ventures joins Vaionex at a strategic point in time to significantly upscale our operations in the endeavor to build out seamless blockchain services.”

The heart of Vaionex’s operations is Relysia, a BaaS development suite with over 60 Application Programming Interface (API) points that cover almost any blockchain application. Relysia integrates all aspects of wallet creation, issuing tokens, smart contracts, uploads, and addresses, cutting development time while ensuring application reliability.

At the recent BSV Global Blockchain Convention in Dubai, Vaionex unveiled several new initiatives, including Transpiler (working with California-based sCrypt Inc.); a ‘wormhole to efficiency’ that enables developers to easily convert Ethereum-based smart contracts, NFTs and tokens into BSV scripts, thereby taking advantage of the 99.99% reduced transaction fees available on the BSV blockchain.

Ayre Ventures’ founder Calvin Ayre celebrated his group’s investment in Vaionex: “I’m thrilled to support Vaionex, which has established itself as a core company involved in BSV development. Vaionex has created a funnel that brings developers and non-developers alike into the BSV ecosystem, identifying major pain points and simplifying them for both entrepreneurs looking to build new businesses as well as existing companies looking to incorporate blockchain benefits into their operations.”

About Vaionex

Vaionex Corporation was co-founded by Robin Kohze and Dr. Samuel Schmidt to transform blockchain adoption across the globe. In the two years since its foundation, Vaionex has acquired strategic equity in a variety of companies to build an ecosystem of rapid blockchain service adoption and offers software consultancy to major enterprise partners in the BitcoinSV ecosystem.

About Ayre Ventures

Ayre Ventures, founded by celebrated entrepreneur and philanthropist Calvin Ayre, provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem, the only infinitely scaling enterprise public blockchain. The Group targets investment in innovative ideas and ambitious projects that are ‘positively disruptive’, supporting their expansion with the Group’s extensive network and industry partners.

Lightning Sharks on behalf of Ayre Ventures

Key contact: Haris Khan
Email: [email protected]
Mobile: +44 (0) 7503 581 563

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CoinGeek TV: Calvin Ayre talks BSV growth over the years and the future it holds

YouTube video

This article was originally published on CoinGeek on July 5, 2022.

Calvin Ayre joined Kurt Wuckert Jr. on CoinGeek TV to discuss why he is still fighting for Satoshi’s vision despite the opposition and what he believes the future holds for Bitcoin SV.

Ayre is the founder of Ayre Ventures, a global investment group through which he has invested in many of today’s biggest Bitcoin ecosystem’s success stories. He is also the founder of CoinGeek. He joined Wuckert on Day 2 of the BSV Global Blockchain Convention in Dubai, which incidentally was also his birthday.

As Wuckert noted, the Dubai event is the biggest by far, attracting the highest number of attendees and online streamers. “I can feel the energy building,” Ayre stated while announcing that the next event will be in London, and he expects that to be even bigger.

“The difference with what’s going on here compared to when we started the conference series in 2018 is that right now people are talking about their products with actual performance metrics. Before, it was theoretical,” he said.

Calvin Ayre on CG TV Dubai with Kurt Wuckert Jr.

The event was the first in Dubai, a city that’s gained global recognition for its blockchain adoption and integration. Ayre believes that this recognition is deserved as Dubai has a government that’s always willing to invest in and experiment with new and emerging technologies. Dubai, and the wider United Arab Emirates, have especially embraced BSV blockchain because the focus is on utility and not hype.

Ayre has been in Bitcoin for several years now and he says the journey has been “frustrating in a good way.” He would want to see things move much faster, but he appreciates the Bitcoin ecosystem’s growth over the years.

On why his tune never changes regarding Bitcoin, the gambling industry pioneer told Wuckert that it’s “because no other product can do what this technology does…if you’re really trying to solve enterprise-size data problems, you’ve got no other choice. This is the only game in town.”

Bitcoin SV is technically superior to any other blockchain network in the market by a wide margin, the other blockchain networks are called hobby platforms. And since the detractors couldn’t fault BSV on technical or application grounds, they have focused on attacking the personalities, with Dr. Craig Wright being the prime target. However, Satoshi has an impressive record in court case, and this is positively impacting BSV.

“That’s helping change the narrative around this product because that cloud of misinformation targeted at the technology by attacking the person is lifting,” he said.

Calvin Ayre on CG TV Dubai

However, even more importantly, more and more people building on BSV are proving that ‘the technology works as advertised.’

BSV is an enterprise blockchain, and with this, it has attracted several companies handling enterprise-level data. This ranges from those solving supply chain and social media challenges to games that process millions of transactions a day. And as the ecosystem grows, there will be more synergy between different players with shared tools that make developing an application on Bitcoin SV way easier than it is today, Ayre noted.

This growth will continue and even accelerate in the coming years. Ayre expects BSV to attract more and more companies each year, telling Wuckert that while what BSV has achieved is quite notable, it’s quite a small ecosystem compared to the size of the industries we’re trying to revolutionize.

One of the biggest factors for growth in the coming years is targeting regions other than North America. As Ayre noted, most of the people threatened by Bitcoin’s unbounded scaling are based in the United States, and as such, BSV gets much better reception in Europe, Asia, the Middle East, and Africa.

In closing, Ayre has this piece of advice to everyone: Take your time and do your own research on what Bitcoin is capable of.

Watch the BSV Global Blockchain Convention Dubai 2022 Day 1 here:

YouTube video

Watch the BSV Global Blockchain Convention Dubai 2022 Day 2 here:

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Watch the BSV Global Blockchain Convention Dubai 2022 Day 3 here:

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