Home Blockchain Vechain (VET) Blockchain as a Viable Foundation for Risk Management Solution

Vechain (VET) Blockchain as a Viable Foundation for Risk Management Solution

Vechain VET blockchain

Every day, the blockchain continues to see lots of applications and use cases from government bodies, organizations from all sects apart from the financial technology it was known for. At the Currency Analytics, we are dedicated to bringing these use cases to the public to cement the adoption of blockchain technology. Today, we will briefly take a look at what Vechain is recently achieving with its blockchain.

If the Pandemic Continues

The Covid-19 pandemic is here, it caught almost every sector by surprise, and most importantly the food distribution and transportation sector as everything was shut down. The number of cases in the United States has been increasing as health care systems are overloaded in some areas with no spaces left. At some point, the lockdown will have to be relieved for certain businesses and industries even if there is no cure yet, because of their importance. More than ever, businesses need a way to prove to governments, their employees, and customers that they can be trusted to operate in times like this with the adequate measures in place.

Hospital- Grade infection risk Management Powered by Vechain

June 26th, 2020, Vechain announced a hospital-grade infection risk management solution- My Care by DNV GL which is powered by the Vechain ToolChain BaaS platform. My Care is an independent solution that will help businesses to prove to stakeholders that they have an infection risk management strategy in place for their operations. The assessment reports are stored on the Vechain Blockchain where it remains unchanged and verifiable. This can help to solidify stakeholder’s trust in businesses as they know that their best interest is a top priority. DNV GL has been a strategic partner for Vechain since 2018, it is only natural for a Business assurance company that has a cordial relationship with an innovative blockchain to apply the same to bring solutions to businesses. 

Business Reacts

Viking Line was the first shipping company in the world to take advantage of the infection risk assessment management solution to assure its stakeholders. The shipping company with My Care certification will be able to prove to their employees and passengers that they have an adequate system in place to manage infection risk. From the words of the president and CEO of Viking Line, Jan Hanses:

“The safety of our passengers and employees is always Viking Line’s top priority, and that is also the case during this pandemic. Everyone must be able to travel safely with us. We have long carried out infection risk preventive work and have now chosen to be assessed by a third party to quality-assure our work in conjunction with Covid-19…”

Blockchain and Industries 

The blockchain technology has proven times and over that, it is a readily available solution for unforeseen situations like this pandemic. Vechain has continued to reveal itself as a world-leading blockchain with several use cases to proffer solutions to challenges in industries apart from finance.

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Ayobami Abiola

I am Ayobami Abiola from Nigeria. I am a Cryptocurrency enthusiast who like to write about creative and great innovations- The wonders of the blockchain technology.

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