CyberVein, a self-described “next generation big data and analytics company” has revealed two new “developments,” according to a press release from the group.

These developments are as follows:

The launch of Data Analytics and Valuation Exchange (DAVE) an alliance, which enables data-driven and technology companies to utilize their resources more efficiently.The company was awarded the status of Technical Lead by the People’s Government of Hainan Province to develop a Smart City in Wenchang.

Speaking on the matter is the Founder and Managing Director of CyberVien, who said:

“We are thrilled to continuously provide value to our community of big data professionals. The DAVE initiative is in line with our company’s vision to solve three major problems in the big data space: information siloing, data security, and data monetization.”

IOTEX, a leader in the Internet of Things space, will also be joining up with DAVE, and others are supportive of the move.

CyberVein has “a proven track record in the data-intensive industries,” the release continues. Examples are “smart cities, IoT, medical research, logistics, and payments. In the past three years, CyberVein’s team has successfully completed more than 20 large scale projects. Some of them include the Port District Government of Zhoukou City, Hong Kong Capital Pay CS Pay, Shanghai Taishi Tax Rebate, and the Dubai Smart City Program.”

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