In February 2016, the Vicecast Blockchain Research Lab was established in Toronto, Canada, with the aim of breaking through bottlenecks in the global hospitality and tourism industry and enabling secure and efficient use of digital assets within it. Building on blockchain 1.0 and 2.0 technologies and incorporating new advancements, after more than three years of effort, Vicecast completed its innovative genesis development in May 2019, naming it the VCC Value Contract Chain and issuing the VCTA token.
The VCTA tokens issued by VCC will initially be used in the hospitality and tourism industries, concerts, shopping, and more in North America, expanding globally over time. The Tianqin Groups own hotels and travel companies will be among the first to accept VCTA payments.