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VeChain News

Launched in 2018, VeChain is an enterprise blockchain solution designed to bring accountability, efficiency and transparency to operations. Originally a fork of the Ethereum codebase, VeChain is focused on enterprise use cases with an emphasis on the Internet of Things and supply chains for secure product lifecycle management.

Core properties of the VeChain protocol include Thor, the core blockchain used for transactions, account management and smart contract development; VeChain IDs, digital identities affixed to goods in the corporate supply chain that allow physical tracking via NFC and RFID chips as well as QR codes; proof-of-authority consensus through Know Your Customer-verified nodes chosen by the VeChain Foundation; and its two network tokens — VET, the main currency used for payments and voting, and VeThor (VTHO), a token issued daily to VET holders used to run smart contracts on the Thor blockchain.

VeChain has been actively pursuing strategic partnerships with enterprise clients, including one with a China-based subsidiary of Walmart for its blockchain-based food tracking efforts.

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VeChain has partnered with a Walmart China subsidiary to increase supply chain transparency for its food products.

Walmart China Subsidiary Teams Up With VeChain to Trace Food Products

2020-06-04T03:00:00+01:00

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A hospital in Cyprus will soon deploy a blockchain-based medical data management system built by VeChain.

Cyprus Hospital to Deploy DLT-Based Medical Data Management

2020-05-17T20:00:00+01:00

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As Ethereum prepares to shift to a PoS blockchain, interest in staking crypto is growing. Here is a list of the biggest blockchain staking platforms.

All in on PoS Blockchains: An Overview of Crypto-Staking Networks

Jinia Shawdagor

2020-05-17T15:00:00+01:00

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VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, focused on Australia’s $76 billion of exports to China.

VeChain and Mastercard Back Australia-China Supply Chain Consortium

2020-05-04T11:19:00+01:00

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Supply chain tracking blockchain platform VeChain appears to have launched a new partnership with fashion brand H&M.

H&M Targets Ethical Consumers with Blockchain Traceability

2020-04-26T15:00:00+01:00

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Blockchain technology will be used to ensure the authenticity of Chinese KN95 face masks by leveraging VeChain.

Blockchain to Authenticate Coronavirus-Response KN95 Face Masks From China

2020-04-09T17:10:00+01:00

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A 150-year-old Chinese utility provider will ramp up blockchain adoption in partnership with VeChain and ENN Energy Holdings.

150-Year-Old Chinese Gas Company Ramps Up Blockchain Adoption

2020-04-03T19:00:00+01:00

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Real Items Foundation plans to release a blockchain-based Shopify plugin to ensure consumers purchase authentic products.

Blockchain-Based Shopify Plugin Ensures Consumers Receive Authentic Products

2020-01-22T12:53:00+00:00

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