VeChain

The VeChain blockchain-powered DNV GL has made significant progress with the recently certified ReSea Project. The Ocean cleaning program has succeeded in removing more than 672K lbs of plastic waste from water bodies. The Vechain Foundation, together with DNV GL, joined hands to support the project in stopping plastic pollution of oceans and rivers. The research project, an environmental cleanup Danish-based company, was certified by DNV back in February this year. The company focuses on cleaning up the new standards…

VeChain has announced a partnership with DNV GL and Renji Hospital to launch the world’s first intelligent Tumor Treatment Center. A Comprehensive Medical Blockchain Solution The Intelligent Tumor Treatment Center (ITTC) is a blockchain solution that combines DNV GL’s professional services with VeChain ToolChain technology. The blockchain solution will cover the entirety of the tumor treatment procedure in Renji Hospital. ITTC will bring transparent, efficient, and traceable medical management capabilities backed by VeChain ToolChain. Patients will be able to have…

One of the biggest problems facing the manufacturing and supply industry is counterfeiting. Counterfeit goods are a global problem with an estimated worth of half a trillion dollars a year, representing 2.5% of global imports. Years back, counterfeits were a small-time illegal business but have since grown immensely to impact companies behind original brands profoundly.  The counterfeiting industry has, in fact, risen to be a complex business having devastating effects not only on numerous businesses across the globe but also…

The VeChain Thor (VET) is a public blockchain designed with one aim: to enhance supply chain management and streamline business processes and information flow for complex supply chains through distributed ledger technology (DTL). How does VeChain work? VeChain involves assigning a product a unique ID and fitting it with a VeChain smart chip tracker, such as an NFC chip or RFID tracker, allowing the details of any product to be collected, stored, and quickly reviewed. This crypto-space solution will enable businesses…

Blockchain technology is famed for the security it provides in facilitating secure transactions. The praised security level has increased the number of threats facing the crypto industry as people try to breach the technology. These threats are now becoming a reality to crypto derivatives due to the numerous attacks they are facing. Recently, one of them, the  VeChain Foundation, was attacked. Just yesterday, VeChain’s buyback address was compromised, which led to the loss of 1.1 billion VET tokens worth $6.5…