It’s a fresh recap on VeChain and its ecosystem.
In a study published by Germany’s Federal Office for Information Security (BSI), VeChain is recognized among 300 blockchains for its intelligent supply chain management. The study aimed to examine and evaluate the security of 300 blockchains as part of a market analysis.
Most importantly, The VeChain community has recently seen the price of VET skyrocket over 1 cent for the first time since 2019. The mainnet maintained its busier than usual approach with an average of 103k data clauses per day over the 7 day period.
In terms of recent developments, there is a new and long-awaited Python tool for data scientists, developers, and students. It contains the newest features of VeChain, for example, VIP-191 Fee Delegation, VIP-192 Self-signed Certificate, and Multi-Task Transaction MTT.
Moreover, Deloitte, one of the big four auditing firms and the world’s largest professional service network, said it migrated from the Ethereum blockchain network to VeChainThor blockchain, after partnering with VeChain in 2019.
Additionally, Shenzhen Yuhongtai Foods Co. Ltd. announced the adoption of VeChain ToolChain™ technology to power their Food Traceability Platform, starting from the premium pork products by their wholly-owned subsidiary Meijiada Fresh Foods, a chain of stores based in Shenzhen which specializes in the fresh meat and vegetable market.
Last but not least, the 7th VeChain Bootcamp session was held on 18 June. Ken Woodruff — CTO of Real Items — explained the story behind Real Items, its vision and what drove them to move away to VeChain from Ethereum. He also gave us a quick rundown about the projects they have been working on; including, a Shopify plugin, a WeChat Mini App and Hubspot integration.
More news on the recent partnerships including some useful links can be found in the article.
Social encounters
Chief Scientist Peter Zhou holds a Bootcamp webinar with Ken Woodruff
In the 7th VeChain Bootcamp session, Ken Woodruff — CTO of Real Items — explained the story behind Real Items, its vision and what drove them to move away to VeChain from Ethereum. He also gave us a quick run down about the projects they have been working on; including, a Shopify plugin, a WeChat Mini App and Hubspot integration.
VeChainThor Blockchain: The Choice of Business-oriented Projects
What you might not know about PoA
Upcoming events
Shanghai TECOM Conference 2020
COO Kevin Feng will attend the TECOM Conference on June 20th to cultivate a more innovative startup ecosystem in Shanghai. Other participants will include startups, incubators, and representatives of corporate innovation departments.
Finance
VeChain Stats ( from https://vechainstats.com/ )
VeChainThor Wallet — iOS
VeChainThor Wallet — Android
Sync
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!
VeChain Financial Executive Report Vol. 10
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 ToolChain™ Powers Shenzhen Yuhongtai Foods Traceability Platform for Premium Pork Products
On June 2nd, 2020, Shenzhen Yuhongtai Foods Co. Ltd. announced the adoption of VeChain ToolChain™ technology to power their Food Traceability Platform, starting from the premium pork products by their wholly-owned subsidiary Meijiada Fresh Foods, a chain of stores based in Shenzhen which specializes in the fresh meat and vegetable market.
In order to ensure the quality of their products, Meijiada carries out standardized management of the whole process from raising to sales, and requires that all fresh meat products operated by all Meijiada stores be sold on the same day. Any unsold fresh meat products will be systematically collected and processed, and will not be sold the next day.
As an uprising brand renowned for its high-end products, Meijiada has chosen to adopt blockchain technology. Using VeChain ToolChain™, Meijiada is now able to upload key supply chain data of their products such as origin, processing flow, logistics information, date of packaging, as well as marketing information and more to the VeChainThor blockchain. This information would then be presented in a specialized landing page through a QR code printed on the packaging of the product. When Yuhongtai is planning to expand the sales through large domestic e-commerce platforms, the blockchain-recorded information helps them to build a better reputation.
Shenzhen Yuhongtai Foods Co. Ltd and Meijiada have revealed that the food traceability technology will be initially used for its Yuncha Minzhu brand of premium pork products. Through a scan of the QR code on the packaged product, customers will be able to learn more about the product’s information and most importantly, can be assured of the product’s safety before consumption. More product lines can be expected in the near future when the current implementation is gaining success.
VeChain recognized by German goverment for smart supply chain management
In a study published by Germany’s Federal Office for Information Security (BSI), VeChain is recognized among 300 blockchains for its intelligent supply chain management.
The study also tried to identify possible fields of application for the projects evaluated. The study had 4 criteria that it consider making the evaluations: the blockchain should be relevant in the market, the amount of security incidents, security and evaluability. In this way, the BSI obtained a vision of the situation per blockchain studied.
About VeChain, the study states that its technology is similar to Ethereum and offers a wide range of practical applications:
The VeChain blockchain will store information about certain products. Unlike OriginTrail, VeChain has a much higher market cap and is supported by a high number of large companies. With the study of VeChain and OriginTrail, the field of application “Supply Chain Management” is covered.
As reported by CNF, VeChain has obtained a large number of cooperations with important partners. Together with its partner DNV GL it participated in a webinar to present the blockchain technology and its use cases for the sustainable management of the seas. The event was co-organised between Chinese authorities and Norwegian representatives in Shanghai.
Deloitte says VeChain, Corda More Complete than Ethereum
After partnering with VeChain in 2019, Deloitte, one of the big four auditing firms and the world’s largest professional service network, said it migrated from the Ethereum blockchain network to VeChainThor blockchain.
In a recent report tagged “5 Blockchain Trend for 2020”, Deloitte opined that VeChain is a leading blockchain network in the industry, adding that VeChain and another opensource blockchain platform for businesses, Corda are more complete than Ethereum.
Deloitte made the illustration while comparing VeChain, Ethereum, and Corda. The auditing firm illustrated that unlike Ethereum, VeChain, and Corda network have high security. Deloitte also confirmed that VeChain and Corda’s scalability are better than Ethereum’s. However, Ethereum offers high decentralization that is unmatchable for the other two, the report added.
After PricewaterHouseCoopers (PwC) migrated VeChain network in 2019, Deloitte made the same move, claiming that VeChainThor blockchain offers more advanced features compared to Ethereum.
Australia-Based Verida Health Runs on VeChainThor
Australia-based Verida Health is depending on VeChainThor for its decentralized health care solution where individuals have ownership and control over their personal health data.
Verida is an open-source platform offering decentralized health care solutions for the benefit of healthcare workers and patients.
Verida Health says it makes use of VeChain technology in the health sector, this time that there is an increasing demand for verifiable health data and telehealth technology, to make patients the owner and sharer of their data.
The platform offers a decentralised Electronic Medical Record (EMR) where medical personnel can manage the records of their patients easily. These records are encrypted with blockchain keys, allowing patients be in control of their records, revoke, or share access with doctors.
As well, the Verida Health has a section branded COVID19 Verifiable Credentials, where citizens can keep their health records. Patients can store their verifiable records on the Verida Health for employers or any other third party to access.
The platform will make use of a decentralized ID (DID) to save information in individual devices using a digital identity wallet.
DNV GL announced that Viking Line received a My Care verification
Viking Line’s 7 ships and 6 terminals in cities like Helsinki and Stockholm all received a third-party verification from DNV GL on their infection risk management. Passengers on Viking Line ships can scan a QR code to review the results of the verification process. More info here.
Viking Line and DNV GL set sail towards a MyCare verified future
More tagged products turn up in Sam’s Club
Community member and Chengdu resident @vetblack19 stopped into the local Sam’s Club and saw a number of products tagged in their Food Traceability Program. In addition to the Tyson Chicken they also had a wide selection of fresh produce, including nearly all of the item’s in the cold produce section.
Answering those burning questions about VeChain & Sam’s Club chicken
Vulcan Forged gives a first look at new dApps
Community NFT and gaming incubator Vulcan Forged announced 10 NFT dApps coming to VeChain’s mainnet in 2020. The first one, a simple game that involves burning VTHO to send a rocket to the moon in exchange for potential NFT prizes was shown off on Twitter.
Humans of Blockchain: Dimitris Neocleous
70 Years Old Italian Food Brand Deploys VeChain’s Traceability Solution
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:
Other official channels:
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.
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