VeChain progressive blockchain solution is going far and wide these days. More and more enterprises realize an acute need for transparency and data security above all else.
VeChain empowers their business partners in the background by providing blockchain infrastructural support and services and helps them to optimize services to their clients in various sectors. VeChain strategic partners include DNV GL, PwC and others.
VeChain ToolChain™ is full featured and ready for the real business world. It differentiates from other BaaS platforms with not only the advanced infrastructure services but its business-ready middlewares and third party service partners. According to VeChain CEO and Co-Founder Sunny Lu, VeChain can connect you to their service partners. For whatever you need, from advisory, assurance service or verification.
In the first episode of the VeChain BootCamp, hosted by VeChain CEO and Co-Founder Sunny Lu, the live streaming webinar introduced the development roadmap of VeChain ToolChain™ from 1.0 to 4.0.
VeChain ToolChain™ 4.0 introduces the Process Builder, which on-boards tailored-made business processes to customize the interactions with the VeChainThor blockchain to adapt different use cases scenarios based on various business requirements.
If you watch the 2nd episode of the VeChain BootCamp, you will learn about sustainable fashion & VeChain-DNV GL’s collaboration and how blockchain can help achieve the target of sustainable fashion.
In the 3rd episode you’ll find answers to the following questions: How has COVID-19 changed what food producers are looking for? What role will the APAC Provenance Council play and how VeChain fits into the equation?
With the aim of enabling digital transformation in the healthcare sector, VeChain, together with I-Dante co-developed a blockchain-enabled medical data management platform named The E-NewHealthLife. Mediterranean Hospital of Cyprus is the first hospital to adopt this application.
Powered by VeChain ToolChain™, the Digital Healthcare Passport is an encrypted NFC Card that can be assigned to any patient of the hospital. The NFC Cards will allow the patients to identify themselves automatically at the Emergency Room registration desk, check their queue on mobile phone, manage their own medical records safely with the E-NewHealthLife Web App, and share their data securely with the hospital.
More detailed information on the recent news can be found in the article!
Development
Developer activity (from Coinlib.io):
VeChain Blockchain-based Solutions
Some of VeChain’s blockchain-based solutions with real-world use cases for enterprise businesses include:
Digital Carbon Ecosystem Solution
For Companies Interested in Carbon Reduction
Consumer Confidence Index Platform
For Manufacturers of Fast Moving Consumer Goods (FMCG)
Automotive Passport Solution
For Manufacturers of Automobiles and other OEMs
Retail Solution
For Manufacturers of High-value Retail Products and FMCG
Logistics Solution
For Companies with Complex Logistics, Inventory, and Warehousing Needs
Liquefied Natural Gas Solution
For Manufacturers and Importers of Liquefied Natural Gas
Digital Content Distribution Solution
For Creators and Distributors of Digital Content
Electronic Document Deposit Solution
For Enterprises and Governments
Agriculture Solution
For Farms and Ranches
All of the above mentioned blockchain-based solutions are made possible through the VeChainThor blockchain and VeChain’s prized Blockchain-as-a-Service (BaaS) platform, ToolChain.
ToolChain offers VeChain clients a diverse range of services including product lifecycle management, supply chain process control, data deposit, data certification, and process certification. By offering these services, VeChain can increase efficiency and transparency, instill trust, and reduce costs of supply chains for enterprise businesses and governments across the globe.
VeChain Docs
Everything you need to know about VeChainThor
VeChain Whitepaper 2.0
Social encounters
The 4th episode of VeChain BootCamp was held on May 22. Dimitris Neocleous, the Ecosystem Manager at VeChain EU, joined by Christos Panayiotou, Doctor of Medicine & Digital Transformation Consultant at the Mediterranean Hospital of Cyprus, and Ferdinando Chiacchio, Product Manager at I-DANTE LTD, revealed more details on the blockchain-enabled medical data management platform, The E-NewHealthLife and the E-HCert App.
The 3rd episode of VeChain BootCamp.
How has COVID-19 changed what food producers are looking for? What role will the APAC Provenance Council play and how VeChain fits into the equation?
Whatch the video below to find it out:
Blockchain In Food Provenance: A New Ecosystem Play in Post-Covid World
Agenda:
- VeChain as an Enabler
- Guest speaker — David Inderias, CEO of Fresh Supply Co
- Lessons Learnt in 2019
- New Strategies Post Covid-19
- APAC Provinance Council
The 2nd episode of the VeChainBootCamp.
Watch the video below to learn more about sustainable fashion & VeChain-DNV GL’s collaboration.
The video is here: A New Era of Sustainable Fashion: My Story Enabled Sustainability Practice
Recap of VeChain BootCamp Vol.1: Sunny Lu On VeChain ToolChain™’s Role In The Path To Mass Adoption Of Blockchain Technology
The first episode of VeChain BootCamp with the topic “The Missing Part of Mass Adoption — VeChain ToolChain™ ” was successfully held on May 8th. Hosted by VeChain CEO and Co-Founder Sunny Lu, the live streaming webinar introduced the development roadmap of VeChain ToolChain™ from 1.0 to 4.0 — culminating to be the premium business ready standard tool for mass adoption in the entire blockchain industry.
VeChain heading towards global standardization and mass adoption: Using the history of the Internet, SaaS and E-commerce as basis, there will be a new era of standard blockchain services to power almost every sector, every industry across the globe. The scalability is vital to all blockchain platforms.
Working from behind the scenes, VeChain empowers their business partners in the background by providing blockchain infrastructural support and services and helps them to optimize services to their clients in various sectors. Proven cases that can be drawn from include that of their current strategic partners, including DNV GL, PwC and others.
Sunny Lu: We are working with the big enterprises like DNV GL, PwC, and Deloitte and help them serve their customers. DNV GL can provide digital verification based on the data on the blockchain instead of sending people everywhere to do the auditing and inspection.
VeChain ToolChain™ is full featured and ready for the real business world.
VeChain ToolChain™ differentiates from other BaaS platforms with not only the advanced infrastructure services but its business-ready middlewares and third party service partners, which is THE missing part that enterprise clients can easily use to build their own business process and manage the data on blockchain.
VeChain ToolChain™ provides not only the technology, but also an ecosystem: With data securely and immutably stored on the VeChainThor Blockchain, trusted third-party service providers are able to further utilize these data, creating novel services and products in new, collaborative ways. The enterprise clients who use VeChain ToolChain™ can reach third-party services in a more cost-effective way.
Sunny Lu: We can connect you to our service partners. For whatever you need, from advisory, assurance service or verification, we have the best of the best in the world.
VeChain ToolChain™ 4.0 introduces the Process Builder, which on-boards tailored-made business processes to customize the interactions with the VeChainThor blockchain to adapt different use cases scenarios based on various business requirements.
You can use the template used by VeChain big name partners, spend like 30 minutes to one hour deploying the application for your own business and products.
Process Builder creates value for both enterprises and their end-users: Through a simple drag-and-drop design, Process Builder can help enterprises to quickly sort out business processes and achieve the visualization of key data to stakeholders in accordance with their actual needs. Data visualization, which provides customers with accurate and relevant product information, will incredibly enhance the user experience in an interactive way.
By using VeChain ToolChainTM 4.0, enterprises and businesses are capable of defining self-service management portal, integrating 3rd party professional services, and customize their own landing page easily.
Finance
VeChain Stats ( from https://vechainstats.com/ )
As of May 23, 2020
VeChain’s native cryptocurrency token VET is a utility token for Vechain’s blockchain system.
VET has the following use cases:
VET is used as payment for VeChain’s products and services; meaning the more VET a person or enterprise holds, the higher priority they have when it comes to using VeChain’s resources.
VET is used to transfer value from smart contracts and is used in transactions on decentralized applications powered by VeChain’s public blockchain.
VET can be used to generate a secondary VeChain token called VeThor or Thor Power (VTHO), which provides access to VeChain’s supply chain technology.
VET is used as a trading instrument by cryptocurrency traders. VET is also used by investors as a speculative cryptocurrency investment.
All in all, VeChain’s VET token has lots of utility within the expansive VeChain ecosystem, as well as in the speculative crypto trading markets.
VeChain (VET) Token Launch and Distribution
The VeChain (VET) initial coin offering (ICO) was carried out through August to September 2017, where the project’s native cryptocurrency launched as an ERC-20 token with the ticker symbol VEN, (which was later changed to VET).
The VeChain ICO raised $20 million selling tokens at a rate of 1.0 ETH = 350000.0 VEN.
1 billion VEN tokens were initially created but ~133 million were later burned as a consequence of the initial distribution plan yielding a total supply of 867,162,634 VEN. Out of this total supply, the distribution was as follows:
410 million VEN was sold in the public ICO
90 million VEN was sold in a private sale
128.5 million VEN was sold to ‘enterprise investors’
270 million VEN were allocated to the VeChain team
Following the ICO, VeChain’s mainnet went live in August 2018 and VEN tokens were migrated to VET tokens. VEN token holders received 100 mainnet VET tokens for every 1 VEN, making VeChain’s new total supply: 86,712,634,466 VET.
Official Wallets
It is a light mobile wallet app which provides users with a powerful, secure, simple, fully functional portal of the VeChainThor blockchain.
Main functions include: VET, VTHO and other crypto assets management, X Node transfer, wallet observation, reward claim, etc.
- The VeChainThor Wallet has been undergoing a series of security testing with trusted third party security firms, including functional test, source code review, smart contract audit, session management audit, input security audit, etc.
- VeChainThor wallet provide a secure and effective environment for cryptocurrency transactions. With the function of observe wallet, users can effectively perform VET token swap/node transfer and observe the balance of your crypto assets in a cold storage wallet.
- Node program participants with required VET lock period get a chance to be node holders with VeThor rewarded in VeChainThor wallet.
- Node holder can transfer its node via Designated Transfer or Public Auction;
- Non-Node holder can accept others’ Designated Transfer or purchase a node on the Trading Market.
- you can find tons of selected DApps within wallet. These DApps built on the VeChainThor blockchain，You can use it directly in your wallet.
VeChainThor is the blockchain solution of VeChain, it is their product that is managed and governed by the VeChain Foundation. VeThor is the energy that powers the VeChainThor network. A capture, transfer, nor smart contract can be executed without the use of VeThor. This enables the blockchain to protect itself from bad actors spamming the network rendering it ineffective.
Sync is the official desktop wallet firstly supports Connex. It provides seamless experience for users and developers. Which is designed to provide the superior user experiences for VeChain Apps, and serves as the dApp environment to provide unlimited potential for developers and users.
Third Party Wallets
Contribute to the VeChain ecosystem and earn rewards!
Roadmap
The Foundation is planning to further enhance blockchain integration.
With a focus on data quality, assurance and other innovative and user-friendly business tools, VeChain will deliver next generation digital infrastructure for wide ranging applications, from UN sustainable development goals to digital verification of goods, financial services, international logistics, government/financial infrastructure and more.
VeChain plans to continue with the VET buyback scheme, enhancing, developing and securing the future of VeChainThor as a prominent public blockchain. Updates will be announced in due course.
Partnerships and team members
VeChain and I-Dante Co-developed E-HCert, A Blockchain-based Covid-19 Records App For Mediterranean Hospital of Cyprus
With the aim of enabling digital transformation in the healthcare sector, VeChain, together with I-Dante co-developed a blockchain-enabled medical data management platform named The E-NewHealthLife. Mediterranean Hospital of Cyprus, a hospital under the General Healthcare System of the Republic of Cyprus (GHS) is the first hospital to adopt this application.
Powered by VeChain ToolChain™, the Digital Healthcare Passport is an encrypted NFC Card that can be assigned to any patient of the hospital. The NFC Cards will allow the patients to identify themselves automatically at the Emergency Room registration desk, check their queue on mobile phone, manage their own medical records safely with the E-NewHealthLife Web App, and share their data securely with the hospital.
The blockchain powered application can serve both the hospitals internally and also end users. As The E-NewHealthLife fully complies with the GDPR (EU’s General Data Protection Regulation), the App enables the owner to have complete control over their profile and medical records, which upon their agreement, can be used to prove his or her health status. The App will be used by hospital management and staff to collect and record information on patients and this data pack is owned by the patient. Data can only be shared to 3rd parties with the permission of the owner.
The idea for the E-HCert App is now adopted by the Mediterranean Hospital of Cyprus. This innovative new EHR system will provide the hospitals with a fast and simple method of on-chaining the patients COVID-19 related testing records, giving a final result of the health status of the individual. Allowing government authorities, employers and other concerning parties to access said health information at the discretion of the individual while controlling privacy exposure. With this set up, the individual can go about life as usual.
Due to the urgent need of containing the outbreak of COVID-19, the E-HCert App will officially be deployed at the end of May 2020. Co-developed by VeChain and I-Dante, the E-HCert App serves as the official tool used by the Mediterranean Hospital of Cyprus to store the “COVID-19 test profile” of patients.
About I-DANTE LTD
Founded in December of 2019 by Etna Digital Growth (a consultancy- software house company in Italy) and CircleServus LTD (a consultancy company in Cyprus) in order to build digital healthcare solutions leveraging the power of the VeChainThor Blockchain.
Please, read the full article for more details
Related news:
VeChain and I-Dante Partnered to Create Blockchain Enabled Medical Data Management Platform for Healthcare Provider in Cyprus
VeChain Adoption in Chinese Walmart Ramps Up with Introduction of New Items
Blockchain technology has so far been recognized as an immutable means that proffers the above-stated needs, however, VeChain has a proven track record in this area.
The latest update as regards the usage of VeChain traceability solution revealed that the adoption of the blockchain technology has been heightened in the Chinese Walmart with the introduction of new products secured with VeChain technology.
Per information revealed by a VeChain enthusiast on Twitter, several new items tagged with VeChain traceability solutions are being introduced into Walmart China regularly.
In the update, it was revealed that a local quail egg packaged with VeChain traceability solution is now in the Chinese section of the US popular supermarket.
The video update indicated that the packaged egg with VeChain tag is now live in the Walmart Chinese market Sam’s Club. Seems the egg is secured with VeChain-DNV GL codeveloped My Story, as the video indicates that consumer can view the whole story behind the egg from producer to final retailer.
Projects
OceanEx Official
The Next Generation AI-powered Intelligent Digital Asset Exchange.
HackenAI — Personal Cyber Security App
HackenAI — a revolutionary, 360° cybersecurity companion that incentivizes users to learn good cybersecurity habits. Powered by the HAI token.
8Hours Foundation
The world’s first blockchain-enabled tabletop game console, where physical pieces come to life. The platform offers a mechanism to interact with software features for tangible benefits.
8Hours Foundation’s mission is to create ways for people to connect and play, strengthen their social fabric through social interactions. They found that the best way to foster social bonds is simply by spending an average of 8 hours a week interacting with each other, and so they set out to the most meaningful experiences there is social play. By creating a new environment that blends physical board games and digital possibilities, they propel social play into the 21st century.
VeriArti
VeriArti is a digital art world and market creating unique tokens, empowering digital artists and collectors, all verified on the leading enterprise blockchain.
Plair
Plair is a decentralized global gaming ecosystem platform supporting the gamer’s life built on VeChainThor.
DECENT.bet
Blockchain gaming on the VeChain platform. Play your favorite esports and monetize your passion at http://play.decent.bet.
Please, go to VeChainLinks to learn about more projects built on VET
Other
A list of the major developments and important dates:
Introducing the VeChain Accelerator Program
VeChain Launches Revolutionary One-stop BaaS Platform — VeChain ToolChain
VeChain Launches HSM Based Key Escrow Turnkey Solution
VeChain Summit 2019 Recap Video
Walmart China Takes on Food Safety with VeChainThor Blockchain Technology
Cupids Farm Milk, First Product to Go Live On BrightCode, a VeChainThor Blockchain Solution
VeChain, DNV GL, and Haier IoC Enter Into Tripartite Strategic Partnership
VeChain Attended San Francisco Blockchain Week 2019 and Showcased The New VeChain Builders Website
Social media metrics
Social media activity:
The graph above illustrates changes in the number of VeChain Reddit subscribers, Twitter followers and Facebook likes. The information is taken from Coingecko.com.
This report is not financial advice.
Subscribe to detailed companies’ updates by Paradigm!
