How do you use the Alpha channel of Vertex Colors?

Alpha channel of vertex color was a GSOC project in 2017.

So, student made it work in a 2.7 UI, 2.7 viewport. But making it work with Cycles, was out of scope of his GSOC.
Then, it was merged into 2.8 but work, to make it possible to render it, was constantly postponed as a less priority task among huge amount of tasks relative to 2.8.
So, painting alpha is there in 2.8 but you can’t see it or render it.

On the contrary, if you use a recent build of 2.7 branch, you can see vertex alpha painting effect in viewport and you can render it with Blender Internal.

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