VeChain (VET), DNV, & Renji Hospital Launch Blockchain-Based IVF System

The Vechain (VET) team and DNV have joined forces with Renji Hospital to launch blockchain-enabled In-Vitro fertilization (IVF) solution dubbed MyBaby. The team claims MyBaby is designed to bring transparency, foster data security, and more, in the IVF process, according to a blog post on June 2, 2021.

VeChain-Powered IVF Solution Launched

Renji Hospital, a highly reputed Chinese hospital affiliated with the Shanghai Jiaotong University School of Medicine, in collaboration with VeChain (VET) and DNV, has developed a distributed ledger technology (DLT) powered In-Vitro Fertilization (IVF) solution called MyBaby.

As stated in a blog post by the team, the VeChainThor-powered MyBaby IVF system is designed to enhance the entire IVF process by fostering transparency, secure medical data management, and more.

According to experts, the Chinese IVF ecosystem has been booming in recent years and it is expected to exceed $2.8 billion by 2025. Now, the team firmly believes that with the integration of DLT into Renji Hospital’s IVF processes, it would become the most advanced provider of IVF medical services in the whole of Asia.

VeChain (VET) Making Life Easier

Commenting on the launch of the innovative MyBaby IVF system, Sun Yun, Director of the Center for Reproductive Medicine of Renji Hospital reiterated that the integration of blockchain technology into reproductive medicine unlocks a whole new world of possibilities.

“The combination of assisted reproductive medicine and blockchain technology creates incredible chemistry, making Renji Hospital the first in the industry to probe such innovation. We will be offering more trustworthy, private, secured services,” he said.

Notably, the team claims that aside from tamper-proof data management,  the MyBaby solution makes it possible for families to clearly see the development of their unborn child, thereby helping them to reduce anxiety, depression, and stress associated with IVF.

What’s more, the team says MyBaby enables the verification of vital steps in the IVF cycle, as all necessary information, imagery, and data trails, from the beginning of the IVF process down to the delivery of the baby, will be securely stored on VeChainThor and accessible to only authorized persons.

VeChain (VET) has been keeping its promise of promoting blockchain adoption globally by creating real-world use cases the revolutionary technology.

Last October, BTCmanager informed that the Renji Hospital chose VeChainThor as its preferred blockchain to power its intelligent tumor center. 

More recently, the VeChain Foundation announced earlier in April 2021, that it has set aside $1 million for the development of the eNFT ecosystem.

At press time, the price of VeChain’s native cryptocurrency VET is exchanging hands for $0.1279, with a market cap of $8.28 billion, as seen on CoinMarketCap.

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VeChain (VET), DNV’s Blockchain Solution Tapped for Aluminium Traceability

Norwegian firm, Hydro, has adopted the “Tag.Trace.Trust.” traceability blockchain solution co-developed by VeChain (VET) and DNV. Hydro aims to use the distributed ledger technology (DLT) solution to prove to its clients that its aluminum is produced in accordance with sustainable standards, according to a LedgerInsights report on March 3, 2021.

Hydro Taps VeChain (VET) DLT Solution 

The world’s carbon footprint and greenhouse gas emissions have surged significantly since the 1900s, with emissions from fossil fuel and industrial operations contributing a massive 78 percent of the total output from 1970 to 2011.

According to a research report by the United States Environmental Protection Agency (EPA), the greenhouse gases-producing processes of industries and humans increased the earth’s atmospheric temperature by 37 percent from 1990 to 2015.

Now, in a bid to promote sustainable aluminum manufacturing practices and prove to customers and other users of its products that its aluminum manufacturing procedures are sustainable, Hydro is conducting a blockchain pilot powered by DNV and VeChain’s Tag.Trace.Trust. DLT solution.

Fostering Transparency in Manufacturing Ecosystem

Per sources close to the matter, in addition to tapping VeChain’s technology, Hydro will also collaborate with Vestre, a Norwegian firm that focuses on manufacturing urban furniture such as benches, chairs, and others,  using sustainable and environmentally friendly materials.

Specifically, Vestre uses Hydro CIRCAL  to manufacture most of its furniture. Hydro CIRCAL is Hydro’s product that’s made up of 75 percent recycled aluminum. 

Commenting on the pilot, Bjorn Kjetil Mauritzen, Head of Sustainability at Hydro said:

“The aim of the blockchain pilot is to test a platform that supports manufacturers and brands to back their sustainability claims with verified data. This will allow them to trace the metal from the factory gates until it reaches the customer.”

If all goes as planned, users of the manufactured furniture will be able to get the entire sustainability information of the aluminum used in making it by simply scanning an embedded barcode on the side of the bench or chair.

DNV will be responsible for ensuring that only accurate data is entered into the Tag.Trace.Trust solution.

In related news, BTCManager informed earlier in February 2021 that Rio Tinto, the second-largest metals and mining corporation has integrated blockchain technology into its processes in a bid to promote transparency.

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