Home Blockchain VeChain (VET) will be Onboarding 250+ More Clients Transforming Technology Value to Business Value

VeChain (VET) will be Onboarding 250+ More Clients Transforming Technology Value to Business Value

VeChain (VET) will be Onboarding 250+ More Clients Transforming

VeChain’s new consensus mechanism PoA 2.0 has been deployed on TestNet.  The Developer preview tests for faster transaction confirmation, higher security, transaction finality, and more capacity for new partners. 

VeChain Thor is a general purpose blockchain highly compatible with Ethereum’s ecosystem.

With the testnet now being officially live, users are anticipating to get a date for the migration to the mainnet.  One of the users tried to clarify stating, this testnet, then onto the normal testnet, then onto mainnet. Seems like it could be a little bit of a wait yet.

Someone who has been off for a long time has been trying to understand what is the utility of the VET token, in response one of the users clarified stating that it is supply chain tracking.

At Vechain, they are consistently focused on unleashing the power of the blockchain on the real economy.

Of note, Yizhiji, Sino-French cosmetics brand have been using the Vechain blockchain to authenticate items to create a unique connection between the owner, brand, and product.

VET about user cases is always big amazing News as they make real use case possible over big dream bubbles.

Sunny Lu, Co-founder and CEO of VeChain, was an AMA guest at CryptoCom, where they explained VeChain vision as follows:  VeChain believes that blockchain technology is one of the foundations for the next generation of information technology, alongside emerging technologies such as AR, VR, AI, IoT, 5G and more. With the technology’s immutable and tamper-proof characteristics, blockchain, as an infrastructural technology, is uniquely positioned to enable unprecedented value and data-transfer among a wide set of users in a trust-less manner, boosting the efficiency and authenticity of information transfer itself.

In the Live Video, Teena, the host at Crypto.com stated that about 250+ clients are being on boarded. Sunny Lu, when introducing VeChain stated that their entire mission is about transforming technology value in to business value.  The list of the 250+ clients is not available as of now.

He tried to give a metaphor story by getting the audience to think about e-commerce or internet like 25 or 30 years ago. He stated that when one tried to launch an e-commerce service 30 years ago, it was quite difficult, because everything had to be done from scratch – create a website, walk in to the bank for payments, and deal with logistics services, and customer service with digital marketing etc.  However, nowadays e-commerce is easy!

So, Blockchain as a service as primordial it might appear now, it is going to become an everyday think like the e-commerce.

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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