In the Sunny Lu VeChain CEO Interview – VET, VeThor, Proof of Authority 2.0, Salesforce Partnership with Tony Sunny Lu stated, Well, I am from China. And, he spoke about how he was from a small Town.
He recalled that sometime in 2013 or 2014 he studied about Bitcoin for a small project which called for creative and innovative ideas. He recalls on how he did some research and he worked out a proposal to have Louis Vuitton China accept Bitcoin for the stores.
The reason he gave for why BTC should be accepted: When people go outside, go abroad to buy the Louis Vuitton stuff, because it was very hard for people to carry load of cashes, the credit card will have some limitations. So, I was just like why don’t we use Bitcoin? However, he recollects how they did not take the proposal for sure.
Sunny Lu felt, honestly, they could have been be the first one in the world to accept the Bitcoin, even before like what Tesla did this year had they accepted his proposal.
Tony, the interviewer acknowledged that had they accepted it would have been far more ground breaking at that time.
He was further asked about how did the idea of building Vechain come about. In response Sunny Lu stated, Well, I know about Bitcoin like in 2012 or 2013 at that time. But, since I took a study about the technology, he stated that he read about the codes – like 110 lines of codes. I was really impressive about the design. Simplicity of the coding. So, I was fascinated about the Bitcoin. About the blockchain technology. It kind of sensed like my last job as a CIO, as the CIO’s job is to act as a bridge between beginners and also the technology.
He recalled how during the first couple of years when he got in to the Bitcoin and the blockchain space, that it was a kind of profile missing from the blockchain space. People usually talk about the technology as a finance, but very few people talked about how to use the technology to create value for beginners, to serve the beginners, which was my job when I was in Louis Vuitton. So, I decided why don’t we try to do something that we are able to let convert the technology value to beginners value. So, that is how I started VeChain.
Get the latest Crypto & Blockchain News in your inbox.