Tag: Vetusdt

VeChain (VET) Sends Bearish Signals? Analyst Points Key Levels

by NEWSBTC

VeChain has followed the general sentiment in the market and it’s currently trading in the green. Its 24-hour profits stand at 7.8% with VET’s price exchanging hands at $0.053.

VeChain VET VETUSDT
VET trends to the downside in the weekly chart. Source: VETUSDT Tradingview

Related Reading | VeChain Foundation Announces New Stablecoin, Could It Create Fresh Demand For VET?

In a recent video posted on his YouTube channel, analyst Justin Bennett looked into VeChain as the sell-off across the crypto market seems to slow down. As seen below, on the weekly timeframe, the analyst believes VET’s price is yet to come out of the wood.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

As the chart shows, VeChain broke an important trendline on the aforementioned timeframe as it failed to hold above the $0.060 level. Given the relentless selling pressure that led to a breakdown in that structure, Bennet believes “the market doesn’t look all that great”.

VeChain VET VETUSDT 1
Source: Justin Bennett

As long as VET is unable to break above its current levels and return to its weekly trendline, bears could continue to push the price back to critical support. In order for bulls to have a chance at a climb back to previous highs, VeChain must reclaim the $0.060 level in the short term. Bennett said:

It would have to close the day above $0.0650 before it starts to move back to $0.10, $0.12, etcetera. Until that day I think you have to be careful, and you have to realize that the downtrend is still intact.

In case of further downside action, the analyst determined that the $0.0350 area could operate as critical support. In 2021, this level operated as an early resistance and later as key support when the crypto market trend lower after May.

Get 110 USDT Futures Bonus for FREE!

Related Reading | VeChain Foundation Welcomes New DEX To Its Ecosystem

Therefore, VeChain (VET) is currently at a major crossroad that could determine its price action for the coming months.

Potential Scenarios For VeChain (VET)

In addition to $0.065, $0.035 will be a “level to pay attention to” in case a new lower high comes into play. If the level holds, investors could have an important region for accumulation.

In the coming days, the most like scenario, Bennett claimed, could be a move into resistance for VeChain (VET), Bitcoin (BTC), and Ethereum (ETH). However, he expects those levels to be hard to break and will determine if VET will continue its move into $0.08 or $0.03.

Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program

In the VET/BTC weekly timeframe, VET has formed an ascending triangle that just hit critical support and could operate as support for that potential move into resistance in the coming days.

[embedded content]

Source

Tagged : / / / / /

VeChain Foundation Announces New Stablecoin, Could It Create Fresh Demand For VET?

by NEWSBTC

The VeChain Foundation has started 2022 with a potential major announcement. Via their official Twitter handle, the organization hinted at the possible released of a new native stablecoin called VeUSD.

Related Reading | VeChain Foundation Welcomes New DEX To Its Ecosystem

The Foundation little details on this new product but announced its followers that it’ll be “something special (…). Something that will allow us to take VeChainThor to the next level in multiple ways”.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The stablecoin VeUSD will be a tool to “unleash” DeFi capabilities for the VeChain ecosystem. The digital asset, according to the official post, was designed following core principles of this ecosystem: sustainability, versatility, scalability.

The blockchain VeChainThor seemed to have been preparing for these new era of DeFi for a while. As NewsBTC reported, 3 months ago this network was upgraded after a community vote approved the implementation of Proof-of-Authority (PoA) 2.0.

Designed to support a “new wave of blockchain mass adoption”, according to the VeChain Foundation, the update was supposed to mitigate any tradeoffs on the consensus layer for the blockchain VeChainThor. At the time, the organization said:

Get 110 USDT Futures Bonus for FREE!

(…) the VeChain Research and Development teams have been working on a massive upgrade of the VeChainThor blockchain called SURFACE (PoA 2.0), standing for a Secure, Use-case-adaptive, Relatively Fork-free Approach of Chain Extension.

In that sense, VeUSD could become one of the first products to leverage the power of this blockchain post the update.

VeChain’s Own Stablecoin, Potential Benefits And Concerns

The VeChain community celebrated the announcement. Recently, a user called “EffortCapital” proposed the possibility for the Foundation to create an algorithmic stablecoin, such as LUNA with VeThor Energy (VTHO) as collateral.

Thus, creating a burning mechanism, similar to the one introduced in Terra with the Colombus-5 upgrade. This mechanism supports a constant demand for the underlying asset and contributes with its appreciation.

This idea saw interest from Sunny Lu, CEO at VeChain. Via Twitter, he asked the community for a tokenomics design for the potential token.

However, not everyone in the community agrees with a stablecoin as the one announced by the Foundation. Some believe VeUSD could change the dynamics in the ecosystem and replaced VTHO, the utility used to power transactions on this blockchain.

Other straight out said that the Foundation and the blockchain has “failed to fulfill their core products”. The network has been implemented in supply chains, and other corporate sectors, but is has rarely focused on developing a DeFi ecosystem.

This approach seems to be changing, as mentioned, with the new upgrades, the DeFi related products, and the stablecoin. Despite the detractors, most users seem to have taken the announcement as bullish.

Related Reading | VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion

The Foundation will share more details in days to come, until then everything remains as speculation. As of press time, VET trades at $0.085 with a 1.95% loss in the past day.

VET VETUSDT VeChain
VET trades to the downside in the 4-hour chart. Source: VETUSDT Tradingview

Source

Tagged : / / / / /

VeChain Foundation Welcomes New DEX To Its Ecosystem

by NEWSBTC

The VeChain ecosystem continues to grow and recently saw the deployment of a new decentralized exchange (DEX). Called ZumoSwap, it was designed as an alternative to Vexchange, the automated market maker (AMM) and liquidity provision protocol already launched on this network.

Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program

In a Medium post, the team behind ZumoSwap addressed the questions most VeChain users must be making: why launch a new DEX when Vexchange is already functional? According to ZumoSwap, there is “something that doesn’t feel right” about its competitor.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Inspired in Uniswap, the most popular DEX running on Ethereum, the team behind ZumoSwap presented data that suggest Vexchange could have higher fees for its users. In step of the standard 0.3% fee for slippage on Uniswap, Vexchange charges around 1% which represents a significant increase when compared to the Ethereum protocol.

Therefore, ZumoSwap was created to meet users demand for a “native DEX” capable of providing them with an cost-efficient alternative and multiple features. The team behind the VeChain DEX claimed the following:

After careful thinking, we decide to get rid of ALL Uniswap + Web3 code and build from scratch. This is a VeChain project, not one of the Ethereum dApp.

The DEX should be able to integrate with “any wallets that VeChain provides” and operate with what the team called “one-click swap”. They claimed this will improve the DEX experience as it will remove the need for users to operate with two transactions to make a token swap.

Get 110 USDT Futures Bonus for FREE!

On ZumoSwap, you only approve what you need to swap, and better yet, it is done within the same transaction you swap. No longer need to wait for two steps! Fast and secure.

The Many Features Of ZumoSwap, A Native VeChain DEX

In addition to the aforementioned features, ZumoSwap will encourage VeChain users to transact, to swap their tokens and keep themselves active. These activities, the post claims, are discouraged on Ethereum and other competitors.

Thus, a protocol which was created to facilitate a transaction become less usable as users are price out from the platforms. In that sense, users will “always” be able to transact with a 0.3% slippage on ZumoSwap.

The platform has integrated an “Auto VTHO Farming” feature. This will let users to keep their VTHO yields and provide liquidity to the DEX by supplying VET to the pools. The team behind the project claimed there are “no additional actions required; you farm the VTHO like in your own wallet”.

This could make ZumoSwap an alternative for the users that want to generate more rewards with their VET and keep themselves active on the VeChain ecosystem. ZumoSwap will also operate with a fee delegation mechanism and will launch a ZUMO token in the future.

The ZumoSwap native token and its tokenomics will be describe in the future. However, the team behind the project did reveal the following about a potential airdrop:

It will be released in a similar manner of Bitcoin and details will be announced in the following articles. All Liquidity providers and traders and X Node holders will receive the airdrop.

Related Reading | VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion

As of press time, VeChain (VET) trades at $0,091 with a 4.8% profit in the past day.

VeChain VET VETUSDT
VET with moderate profits in the 4-hour chart. Source: VETUSDT Tradingview

Source

Tagged : / / / / / /

VET Breaks Major Trend Line, Why VeChain Could See Massive Explosion

by NEWSBTC

VeChain (VET) is on the move with a 10.3% and 51.4% profit in the daily and monthly charts, respectively. As of press time, the cryptocurrency trades at $0,13 and could further gain due to recent developments.

VeChain VET VETUSDT

After recording a potential bottom on October 20th, VET experienced a breakout to the upside, as analyst Justin Bennett claimed.

Related Reading | VeChain Foundation Announces Vote To Implement Upgrade, Bullish For VET?

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

With the Bitcoin season inaugurated, the first crypto by market cap has been taking liquidity from the altcoin market. In that sense, VeChain could have found a bottom in its VET/BTC trading pair with critical support at 0.123, as Bennett explained. At the time, Bennet said:

VET breakout is coming. Many complain about the lack of movement. What they fail to see is that this is all just consolidation. The longer the coil, the bigger the breakout. 187 days of consolidation and counting.

VeChain VET VETUSDT

Yesterday, VeChain (VET) started a breakout run, the analyst said. This could put the cryptocurrency on a bullish trend but could face some obstacles if Bitcoin underperforms during the weekend.

VeChain VET VETUSDT

The Worst-Case Scenario, Still A Win For VeChain (VET)?

VeChain has consolidated major partnerships around the world especially in Asia. The platform seems to be part of China’s national blockchain plan, as suggested by its appearance on state-backed media.

Get 110 USDT Futures Bonus for FREE!

Related Reading | How This VeChain Tool Will Aid Enterprises To Reduce Carbon Emissions

As noted by the VeChain Foundation, they were awarded a certificate from the China Association for Standardization, an institution operating under the State Council. The award was granted to the company due to their “major contributions to the T/CAS 493-2021 Standard for household electrical equipment”.

This goes to show the deep tights that the VeChain Foundation seems to have with the Chinese government and its potential to gain more relevance over the next years.

Bennett noted the importance of VeChain’s expansion in the business world with collaboration with U.S.-based giant Walmart and recently DHL to enter the Non-Fungible Token (NFT) market. The analyst said on VET’s potential to run hotter than Ethereum:

VETETH supports the idea that #VET will end this cycle with another period of outperformance beginning in the next few weeks.

Related Reading | This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others

In the coming months, the worst-case scenario for VET holders could still score them great profits as Bennett expects the cryptocurrency to take over its April trend line. During this period, VET could trade at $1 driven by the FOMO effect triggered by Bitcoin and Ethereum reaching a new all-time high.

Even if VETETH only moves back to its April high and $ETH is around $10,000, it puts VET just over $1. If this pattern plays out again and ETH is $10,000 at the time, VET is closer to $1.50.

Source

Tagged : / / / / / / /

VeChain Foundation Announces Vote To Implement Upgrade, Bullish For VET?

by NEWSBTC

Via their Twitter handle, the VeChain Foundation announced the start of the voting process that will allow the community to decide to implement or reject a major update to their network: Proof-of-Authority (PoA) 2.0. This upgrade could usher a new wave of blockchain “mass adoption”, the announcement said.

As NewsBTC reported, the PoA 2.0 upgrade will eliminate the tradeoffs of the Nakamoto Consensus and Byzantine Fault Tolerance (BFT) consensus implemented on cryptocurrencies such as Bitcoin.

Related Reading | VeChain And DNV Launch First Blockchain-based IVF Service App

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

If approved via the voting process, the upgrade will enable blockchain VeChainThor to benefit from a high throughput capability. In addition, the PoA 2.0 upgrade will bring guaranteed data finality to the network to attract more companies and high-volume use cases without compromising its security. The Foundation said:

(…) the VeChain Research and Development teams have been working on a massive upgrade of the VeChainThor blockchain called SURFACE (PoA 2.0), standing for a Secure, Use-case-adaptive, Relatively Fork-free Approach of Chain Extension.

The VeChain Foundation believes this update will allow the blockchain VeChainThor to “lead the pack on the road to mass adoption due to the development of many revolutionary technologies”. If approved the PoA 2.0 will operate as one of the first “combined consensus mechanism”.

The voting will take place from October 11 at 10:00 pm (UTC+8) to October 18, 2021, at 10:00 pm (UTC+8). The authority masternodes and Economic X nodes will have a 40% voting authority each, while the Economic nodes will have a 20% voting authority.

Get 110 USDT Futures Bonus for FREE!

Related Reading | Why The VeChain Foundation Met With China’s Government Officials

These entities will have to confirm or reject the implementation of the PoA 2.0 in its first phase, to introduce the Verifiable Random Function (VRF) as a source of randomness.

Part of the VIP-193, this mechanism will “balance the unpredictability and the unbiasedness” of the block production on the blockchain VeChainThor to increase its level of security. The foundation claimed:

After months of testing by the core team, as well as our partners and community developers, we are now confident that this upgrade is ready to be deployed on the main net.

Potential Impact On The Price Of VeChain (VET)

As seen below, the VeChain Foundation disclosed their roadmap for the implementation of the PoA 2.0. Much of the progress on the testnet has been achieved with similar progress on the mainnet route.

VeChain VET VETUSDT

The Foundation called on every stakeholder on the blockchain VeChainThor to cast their vote. In that way, the implementation of PoA 2.0 can continue to make progress.

Only after a successful vote by all stakeholders, an implementation on our main net can take place, and that’s why we need your vote! Voting can be done by all those that are eligible using Sync or the VeChainThor mobile wallet.

VET has failed to positively react to the announcement by the VeChain Foundation. In the daily chart, VET records a 2.9% loss trading at $0,11, at the time of writing.

VeChain VET VETUSDT

VET’s current price action could be driven by Bitcoin recent move to the upside reaching into May’s highs. In the coming days, most of VET’s price performance will be determined by the BTC Dominance.

Related Reading | This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others

In that sense, holders could take up the opportunity to increase their holdings as VeChain enters a key channel, as pointed out by analyst Justin Bennet:

VET continues to coil above its long-standing channel support. The fun begins above 0.155. I’m using this time to accumulate.

VeChain VET VETUSDT

Source

Tagged : / / / / / /

How This VeChain Tool Will Aid Enterprises To Reduce Carbon Emissions

by NEWSBTC

The VeChain Foundation recently revealed a new tool that will be used to speed and improve efforts to reduce carbon emissions. This has become a major challenge in China, as the Asian giant prioritizes the reduction of its atmospheric pollution to 0 in the next decades.

Called Digital Carbon Footprint SaaS Service, this VeChain-based tool is designed to help companies to change their carbon footprint by improving their data management practices, according to an official post.

VeChain VET VETUSDT

The Foundation claims that their new tool has combined decentralized ledger technology with a SaaS (Software as a Service) business model. This is how carbon emissions data reported by companies is legitimized and verified.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Thus, VeChain and its tool help remove the trust issue in this important area, increase transparency, and improve the collection of data for a supply chain. Later, the data can be used by enterprises to track down the sector on the supply chain that needs to performed better to offset carbon emissions.

VeChain’s Digital Carbon Footprint SaaS Service allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network.

The VeChain Foundation claims that carbon emissions and responsible corporate social decisions have become a “massive global focus”. This has been increased by the COVID-19 pandemic.

Therefore, consumers need tools that provide reliable information about these key items. Thus, their solution, the VeChain ecosystem, companies, and their reputation, and ecofriendly practices, all benefit from this technology. The Foundation stated:

Get 110 USDT Futures Bonus for FREE!

VeChain’s services provide an opportunity for businesses to amplify transparency and dramatically change the way consumers view carbon labelling. By leveraging VeChain’s intuitive Digital Carbon Footprint SaaS platform.

VeChain (VET) On A 50% Monthly Rally, Next Potential Price Target

In the coming decades, as China and the entire world try to migrate to more sustainable economies, VeChain and its solution could gain more importance. Decision-making, as the Foundation said, at a national and corporate level is becoming more “data-driven”.

Therefore, scalable platforms, such as the Digital Carbon Footprint SaaS Service, could be a must for any company to carry on operating in a world that demands more transparency, and more social awareness.

Over the past months, VeChain has consolidated and launched several solutions and partnerships. As NewsBTC reported, their collaboration with the Republic Of San Marino to provide COVID-19 vaccination certificates secure by blockchain VeChainThor.

Its native token VET seems to have positively reacted to these events, as it records a 52% profit in the 30-day chart and 6.7% profit over the past two weeks.

At the time of writing, VET trades at $0.11 after a retracement following the general sentiment in the market.

VeChain VET VETUSDT

As pseudonym trader VeChain Justin showed in the chart below, VET must reclaim the green area around $0.12 to reclaim support and have a chance at further appreciation. More downside could lead the token back below the $0,10 levels.

VeChain VET VETUSDT

Source

Tagged : / / / / /

VeChain Foundation Reveals Roadmap To PoA 2.0, Major Bullish Catalyzer?

by NEWSBTC

VET has seen a 5.7% profit in the daily chart after the VeChain Foundation (VF) published the roadmap for the Proof-of-Authority (PoA) 2.0. At the time of writing, VET trades at $0,068.

VeChain VET VETUSDT

A major milestone for the project, the foundation expects to eliminate the tradeoffs from the Nakamoto Consensus and Byzantine Fault Tolerance (BFT) consensus used by Bitcoin and other cryptocurrencies.

The new PoA 2.0 consensus will enable the blockchain VeChainThor to leverage a high throughput capability with guaranteed data finality.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Thus, the users and companies building on this platform can apply high volume use cases with “the highest level of data security”, according to the VeChain Foundation.

The update has been dubbed SURFACE, meaning Secure, Use-case-adaptative, Relatively Fork-free Approach of Chain Extension. Peter Zhou, Chief Scientist at the VF, said the following about the update:

The consensus algorithm is the most important part of a public blockchain. Its major upgrade on mainnet has to be done with max cautiousness. It’ll be done on VeChainThor step by step. Never expect it to be a one-off thing or you are doing it in a wrong way.

Thus, the update was roll-out to a new public testnet that implements VIP-193 and VIP-200, part of the PoA2.0 consensus, according to the project’s GitHub repository.

Get 110 USDT Futures Bonus for FREE!

The proposal focuses on 3 aspects, the VRF-based source of randomness and the Committee-endorsing block producing process.

The former will improve VeChain security and the ledger’s selection mechanism, the latter will reduce the blockchain’s probability of forking, and a passive block finality confirmation process.

A Roadmap For One Of VeChain Most Important Milestones

This new update will bring what the VeChain Foundation has called the Economic Digitization, and a “clear” path to large-scale adoption. The VF added:

PoA 2.0 was developed to meet the increasing demand for better performance and greater security from the enterprise and business-tier clients developing solutions with our toolsets. With the involvement of blockchain experts from top tier VeResearch partners contributing, PoA 2.0 is a significant milestone in the entire blockchain industry.

Users can go into the testnet and deploy or build decentralized applications. The VF has enabled a faucet app that was created by the project’s core team of developers.

In the future, the VET community and stakeholders will go through a voting process to make an official implementation on the mainnet.

This update has generated great hype in the VET community. On July 13, core developers completed a stress and security test before deploying the public testnet.

Many argued that the increase in adoption and potential for massive use cases will have a positive impact on VET’s price.

In the short term, VeChain has followed the general market sentiment to the downside and must reclaim the $0.069 area if it wants to open the door of a strong rebound to previous highs.

VeChain VET VETUSDT

Source

Tagged : / / / / /

This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others

by NEWSBTC

The VeChain Foundation has announced a partnership with Shopping.io, an e-commerce platform of international scope that has been integrating crypto payments. From today July 9th, consumers can use VET tokens to purchase at Amazon, eBay, Walmart, and Etsy.

In addition, VET holders can benefit from a 2% discount on all items, from electronics, novelty, everyday items, and more. The discount will be available for the next two weeks as of today. Arbel Arif, founder, and CEO of Shopping.io said the following on its cooperation with VeChain.

VeChain is an absolutely huge accomplishment for shopping.io because of their passionate community and longevity in the space. We are excited to see what more the future might bring through this partnership.

This crypto onboarding platform is amongst the few that allow its users to take their cryptocurrencies for online shopping. In addition to VET, Shopping.io offers its consumers “hundreds of different tokens”.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The platform has two native tokens of its own called $SPI and $GSPI. This can use while purchasing to receive further discounts. According to an official post, the company:

(…) believe in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time.

VeChain (VET) Makes Its Way To The High Table As It Gains More Relevance In China

The VeChain foundation has been announcing important partnerships recently. This included e-commerce, environmental, and other sectors. The organization was part of the Food Safety Summit of the China Animal Health and Food Safety Alliance (CAFA) on July 7, 2021.

Get 110 USDT Futures Bonus for FREE!

This organization is composed of some of the biggest names in the sector, such as Starbucks, Unilever China, Mars China, YumChina, and Cargill, and many more as seen below.

VeChain VET VETUSDT

VeChain is the sole public blockchain provider for this alliance. During the Summit, the foundation addressed:

(…) the radical potential of agricultural traceability to connect and transform the entire value chain, from producers to customers & gov bodies.

CAFA operates directly under the government institution called the Chinese National Agricultural Science Technology Innovation Alliance. Founded by the Ministry of Agriculture of the People’s Republic of China, VeChain’s participation in the summit goes to show the importance of this platform in the Asian Giant.

The alliance has set out to build a traceable system by leveraging blockchain technology. The members of this initiative will be able to log, share, and secure data on the blockchain VeChainThor. Thus, increasing the trust between the end consumers and the companies.

At the time of writing, VET trades at $0,07 and has been following the general sentiment in the market. Therefore, it records important losses in the 7-day (-11-1%) and 30-day (-33.1%) chart.

VeChain VET VETUSDT

Source

Tagged : / / / /

VeChain And DNV Launch First Blockchain-based IVF Service App

by NEWSBTC

VeChain has taken blockchain’s technology potential to a new sector in association with DNV and one of China’s most important Healthcare facilities, the Renji Hospital. The partners have launch MyBaby, a blockchain-based service app for In-Vetro fertilization (IVF).

Its objective is to mitigate the stress of this process by providing women and their families with a tool to help manage and improve the IVF process. The app allows hospitals to provide a better data management service and can help families to keep track of their babies’ development.

In addition, the app has been created to become a useful instrument to reduce anxiety, depression, and the stress associated with this process. The VeChain Foundation added:

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

lifting the confidence and providing emotional support to tens of thousands and more women and families during this challenging stage in their life.

In China, the In-Vetro fertilization (IVF) market is projected to surpass $2,8 billion in the next 4 years. The app is set to positioned VeChain at the center of a growing market to be worth billions and to have an active role in its development with the Assisted Reproductive Service Center of Renji Hospital.

Around 400,000 patients are treated each year at this facility and with VeChain, the hospital will embrace innovation to provide a more transparent and data security service. The VeChain Foundation added:

The delivered outcome is greater trust in data, enhanced healthcare provider decision-making, providing greater data security for all parties, and most importantly, lessening the emotional and physical burden of women and families involved.

VeChain Creates More Blockchain-based Use Cases

The app is a combination of third-party assured data verification, but with the immutability of a blockchain platform. As the VeChain Foundation revealed, all data collected related to the IVF process is stored on blockchain VeChainThor. Thus, it can only be accessed by authorized users.

Buy Uniswap (Uni) with up to 50% discount!

They can view and track every step in such a process, from the extraction, labeling, fertilization, and scoring of the eggs and their preservation. MyBaby’s ultimate purpose is to enhance the user experience and offer key data ease a process comprised of complicated stages. At the same time, private sensitive information will be protected without the intervention of a third party.

VeChain VET VETUSDT

On June 2nd, 2021, representatives from VeChain, DNV, the Center for Reproductive Medicine of Renji Hospital, and the Shanghai Quality Control Center for Assisted Reproductive Technology held a ceremony and celebrated the app’s deployment. The VeChain Foundation concluded:

MyBaby clearly demonstrates the value-add public blockchain can create for daily life. This new use case exemplifies the myriad ways blockchain can be utilized in society, touching aspects of life far beyond the common perception of the scope of the technology.

At the time of writing, VET trades $0,13 with a strong recovery in lower timeframes. In the 7-day chart, VET records a 16.1% profit with a 39.9% loss in the monthly chart.

VeChain VET VETUSDT

Source

Tagged : / / / / / /

Why The VeChain Foundation Met With China’s Government Officials

by NEWSBTC
Via its official Twitter handle, the VeChain Foundation confirmed a meeting with government officials from three important Chinese districts. Representatives from Shanghai, Changing, and Huangpu visited the organization’s office in Singapore. Per the report by the VeChain Foundation, the representatives from the enterprise blockchain platform and the governments talked about “potential transformative collaborations”. The organization […]

Source

Tagged : / / / / /
Bitcoin (BTC) $ 27,715.43 1.25%
Ethereum (ETH) $ 1,645.93 0.65%
Litecoin (LTC) $ 64.23 2.44%
Bitcoin Cash (BCH) $ 230.09 0.87%