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The VeChain Foundation, which aims to support the development of VeChain, a leading blockchain platform, reports that their community’s vision “remains steadfast” which is focused on delivering the “mass adoption of public blockchain” while addressing key business challenges that may be “unworkable without this emerging, critical technology.” VeChain Foundation writes in a blog post published on April 8, 2021, that one of the most significant problems in today’s business environment is that of data-sharing between different stakeholders. According to the Foundation’s blog, ...

Source: RuskaDesign - Shutterstock The rollout of a new consensus mechanism for VeChain, PoA 2.0, will require three phases to be completed and approved. The VeChain Foundation is in discussion with various institutions in China that could use the VeChainThor technology. VeChain co-founder and CEO Sunny Lu held an Ask Me Anything (AMA) session with the community yesterday. The platform is close to changing its consensus algorithm to the Proof of Authority (PoA) 2.0. This will make the VeChainThor blockchain more scalable, secure, and more capable of including new partners, among other improv...

VeChain Blockchain for Recording Quality and Validity in COVID Vaccination VeChain Blockchain for Recording Quality and Validity in COVID Vaccination January 7, 2021 Off VeChain has facilitated for the first global use case in terms of vaccinations.  Some of the users feel that this use case will trigger a bullish trend for VET. VeChain Foundation tweeted:  “The first 100 COVID-19 vaccination records for medical personnel at The Mediterranean Hospital of Cyprus are now securely stored on the VeChain public blockchain. With this tech, govs and individuals are assured of the quality and ...

News The Mediterranean Hospital of Cyprus, one of the country’s largest private health facilities, is storing its COVID-19 vaccination records on VeChain — offering another compelling use case for the supply chain logistics platform.  As of Monday, 100 doctors and personnel had received their first dose of the COVID-19 vaccine, the hospital said in a news release. The vaccinated personnel also received a digital certificate on their E-HCert App, an electronic wallet for lab results based on the VeChain Thor blockchain. The digital certificates are “another step towards digital tran...

VeChain Foundation (VET) Moving Traditional Companies from 20th to 21st Century VeChain Foundation (VET) Moving Traditional Companies from 20th to 21st Century January 1, 2021 Off VeChain Foundation have pointed to the fact that they have been having product development at the forefront of their activities despite the global pandemic.  They have pointed to how they have had an impressive growth during 2020.  They are looking forward to an exciting 2021. Throughout 2020, VeFam have been focused on what truly matters.  The transactions on VeChain costs less than a cent to send a simple tr...