A hospital in Cyprus is now utilizing the VeChain blockchain to store vaccination records.
Launched in 2018, VeChain is an enterprise blockchain solution designed to bring accountability, efficiency and transparency to operations. Originally a fork of the Ethereum codebase, VeChain is focused on enterprise use cases with an emphasis on the Internet of Things and supply chains for secure product lifecycle management.
Core properties of the VeChain protocol include Thor, the core blockchain used for transactions, account management and smart contract development; VeChain IDs, digital identities affixed to goods in the corporate supply chain that allow physical tracking via NFC and RFID chips as well as QR codes; proof-of-authority consensus through Know Your Customer-verified nodes chosen by the VeChain Foundation; and its two network tokens — VET, the main currency used for payments and voting, and VeThor (VTHO), a token issued daily to VET holders used to run smart contracts on the Thor blockchain.
VeChain has been actively pursuing strategic partnerships with enterprise clients, including one with a China-based subsidiary of Walmart for its blockchain-based food tracking efforts.
Positive news, active communities and a shift toward DeFi appear to be the catalysts responsible for the rallies seen in Zilliqa, Terra's Luna and VeChain.34838
Select altcoins are moving higher as Bitcoin price gains strength and consolidates within a bull pennant.34287
IBM has emerged as one of the largest blockchain consulting firms in the world. Its next target: sustainable fashion.10328
VeChain is riding a strong tailwind on favorable developments out of China.24145
Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move.22449
Two of Britain’s most successful gamebook authors have taken it upon themselves to turn VeChain’s VulcanVerses NFT game into a fantasy trilogy series.3810
The platform plans to assist in "building a from-farm-to-table traceability system" across China.9927
Companies using the solution may even cut costs.13641
Crypto adoption appears to be unstoppable in the tourism sector.10931
Cyprus is becoming a hotspot for Blockchain technology.22772
The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain.9462
Bitcoin price corrected sharply after reaching $12,000 but the strong bounce from BTC and altcoins shows bulls are intent on pushing prices higher.26747
The IOHK and BeefChain partnership will trace beef from ranch to consumer, fighting beef fraud and improving food security.3994
While Bitcoin’s range-bound action is likely to extend for a few more days, select altcoins continue to show promise.25140