Tracking Features of Vechain’s Traceability You Should Know About

The role of blockchain technology in the financial world has been apparent for the past decade. Generally, crypto and blockchain have brought about revolutions in many different economic and noneconomic industries globally. Generally, each blockchain has unique features and problems to tackle in the industry. For example, Ethereum was introduced for smart contracts, IoTA was introduced primarily for the internet of things, and Vechain came with traceability solutions.  This guide will look into Vechain's traceability solutions, how they affect the…

Less than a Dollar Cryptos to Diversify your Portfolio in 2021

The market price of the most popular crypto projects is over a dollar and is relatively expensive to most investors. Similarly, cryptos are valued under a dollar, where some possess features that make them stand out in the crypto market.  Here's a look at the most promising cryptocurrencies costing less than a dollar that you should consider buying in 2021. Algorand Algorand is a blockchain protocol whose functions aim at being decentralized, scalable and secure. Since its launch, Algorand has…

ReSea Project: VeChain Powered DNV GL Impresses in Ocean Cleaning Program

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 To Launch First Blockchain Intelligent Tumor Treatment Center

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…

Blockchain Technology: The New Counterfeit Police with Enhanced Traceability

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…

A Complete Guide on Vechain Thor (VET) Blockchain

The VeChain Thor (VET) is a public blockchain designed with one aim in mind: to enhance supply chain management and to streamline business processes and information flow for complex supply chains through the use of 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…

VeChain Foundation Loses $6.5 Million Worth of VET Tokens in Cyber-attack

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…