The Vechain (VET) Testnet has touched 10,000,000 blocks. While several community members were curious to see it launched, others opined it should be voted first before implementation. It just looks like they are nearing the end of the testing phase.
The buzz in the VeChain ecosystem is currently around the SimplexCC partnership, the OceanEX launch of USDT, and a few other projects.
Twitter handle Eisenreich has been pointing to some of the use cases: As the world’s leading enterprise-friendly blockchain company, VeChain’s blockchain food traceability SaaS will be able to help companies to quickly complete product traceability within 1-3 weeks, and put all product information on the “chain” with one click.
In response, someone said, Weeks? That can’t be right. You only have four hours to complete your traceability (GFSI standard).
For those who like Vechain and want to buy VET, it is possible to purchase VET with a bank card using the Guarda Web and Desktop App.
VeChain recently published a patent for an anti-counterfeiting and tracing system, ‘Automobile original factory anti-counterfeiting and tracing system based on blockchain technology.’
VeChain also published a patent for a cosmetics anti-counterfeiting system, ‘Cosmetic anti-counterfeiting and tracing system based on blockchain technology.’
VeFam is eager to launch its official community Discord Channel.
Also, the VeChain Carbon Footprint Tool Adds Trust to Pollution Reporting. The supply chain management platform hopes the new carbon measurement tool will make it easier and cheaper for businesses to work together to provide accurate data.
VeChain CEO Sunny Lu was interviewed on how enterprises are beginning to see the many advantages of public blockchains vs. their private counterparts.
Investors have to state that VeChain’s potential to revolutionize supply chain management alongside its growing recognition makes it a solid investment to add to one’s crypto portfolio.
VeChain’s blockchain-based Digital Carbon Footprint SaaS Service provides a comprehensive and scalable platform for any enterprise to be able to better calculate, track and report their carbon reduction initiatives across the entire value chain.
In the past, there were obstacles to trust and transparency in traditional supply chains when collating companies’ carbon emissions data. This new service will help different businesses to overhaul their carbon footprint data management practices. This is made possible by combining decentralized ledger technology with a software-as-a-service (SaaS) business model.
Blockchain is set to provide for improved stakeholder involvement, transparency, and engagement to further innovative solutions to the fight against climate change, thus leading to improved climate action.
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