As a member of the European Economic Area, Aventus Technology It is part of the EEA community organization dedicated to advancing Ethereum and promoting industry adoption. In the following Q&A, EEA interviewed CEO Alan Vey on how Aventus can help the ecosystem realize the potential impact of Ethereum.
Please briefly introduce your company and yourself.
I am Alan Vey, CEO of Aventus Network. This is a customizable layer 2 blockchain network that enables any enterprise or DApp built on Ethereum to process transactions at 133 times the speed and at only 1% cost .
We believe that Ethereum is one of the greatest technological innovations of the 21st century. As a layer 2 solution, we are working hard to help advance blockchain interoperability and believe that cooperation with EEA will help our pursuit.
What is your current work on Ethereum? How will end users benefit from your work?
We are committed to establishing partnerships through real use cases of enterprise businesses and DApps to build on Ethereum and process transactions on a large scale.
An example was recently introduced Tik Tok, A ticketing application that provides anti-fraud tickets. The app was developed in collaboration with Live Nation France and FanDragon and through CashbackAPP’s loyalty program in eight regions around the world. The CashbackAPP company no longer charges merchants with fiat currency; instead, merchants will immediately provide users with “cashback” tokens, which means they can collect commissions from merchants on a less sensitive timeline. Since no fiat currency is owed to users in the new system, the liabilities on their balance sheets and any processes related to collateral are also eliminated.
There are similar use cases in provenance, games, NFT and other fields.
What brought you to the EEA in the first place, and why did you decide to become a member of it?
We believe that Ethereum makes the world a better place. After joining the European Economic Area, we form a part of a network that can accelerate and expand this influence at the enterprise level, and the technological demand at the enterprise level may be the greatest.
The opportunity to interact with others with similar goals and similar challenges creates a cross-spread of ideas and solutions that can benefit all of us through meaningful collaboration.
How will the EEA strengthen the current work of your organization?
We want to connect with others who can find collaborative partnerships. We also hope to contribute knowledge, ideas, and experience to the community, and ultimately contribute open source code to the community.
EEA allows us to easily leverage existing project networks and people like us.
What is the EEA project you are most interested in?
We are excited about the membership-driven and community-driven EEA program.
In terms of membership-driven programs, we hope to actively participate in information exchange and use case sharing in order to promote mutual benefit from the development of expertise adopted by Ethereum.
And just Community Projects in the European Economic Area, We also believe in open source development and look forward to participating.
Learn more and contact the European Economic Area
EEA enables organizations to adopt and use Ethereum technology in daily business operations. We empower the Ethereum ecosystem to develop new business opportunities, promote industry adoption, and learn and collaborate. Join us and contribute to our work!