#VeChain News

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VeChain (VET) Helping China Eliminate Counterfeit Wines

August 7, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

VeChain Tor (VET), a leading distributed ledger technology (DLT) project has successfully on-boarded a new partner in its wine traceability platform (WTP) developed in collaboration with China’s Direct Imported GoodsCo. (D.I.G.). VeChain’s encrypted N.F.C tags have now been embedded into all Penfolds Bin-407 bottles to curb counterfeiting, according to a...

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VeChain (VET) Inks MoU with the Republic of San Marino

July 23, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

The VeChain (VET) distributed ledger technology (DLT) project has signed a memorandum of understanding (MoU) with the government of the Republic of San Marino and DNV GL Business Assurance Group AS to develop a blockchain-based innovation ecosystem dubbed the “San Marino Low carbon ecosystem”, according to a press release on...

Chinese Tourism Sector Adopt Blockchain for Invoicing in Yunnan Province

July 22, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

In a bid to issue tamper-proof invoices and attract more tourists to the region, China's Yunnan province has integrated distributed ledger technology (DLT) into its processes. The new blockchain-based invoicing system is cost-efficient and easy to use, according to an ECNS report on July 21, 2019. Boosting Tourist Attraction with...

VeChain Inks Landmark Partnership with Walmart China to Ensure Food Safety via Blockchain

June 25, 2019 by Aisshwarya Tiwari at Adoption, News

Supply chain-focused blockchain project VeChain (VET) has inked a significant partnership with Walmart China to ensure the safety of perishable food products. VeChain announced the development through a Medium post published June 25, 2019. VeChain Lands the Big Fish Emerging technologies like artificial intelligence (AI), machine learning, Internet of Things...

Cyprus Follows in Malta’s Lead, Announces Blockchain Development Partnership with VeChain and CREAM

October 31, 2018 by Priyeshu Garg at Altcoins, Blockchain, Exchange, News, Platform, Tech

Singapore-based blockchain infrastructure developer VeChain is set to embark on a groundbreaking partnership with the Mediterranean country of Cyprus to develop blockchain solutions for public service delivery and governance according to an announcement on October 26, 2018. Operating Framework Invest Cyprus, the national Investment partner of the Republic of Cyprus...

BYD Partners with DNV GL and VeChain to Build Blockchain Carbon Monitoring app

September 7, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News

Shanghai-based electric vehicle and battery supplier BYD is ready to install a carbon banking solution running on the VeChainThor public blockchain in all of its cars, the VeChain Foundation revealed in a Medium post on September 5, 2018. A bid to Reduce Carbon Emission Imbalance BYD, one of the largest...

People’s Insurance Company of China Partners with VeChain for Implementing Thor Blockchain

September 3, 2018 by Cindy Huynh at Altcoins, Blockchain, Business, News, Regulation, Tech

The People’s Insurance Company of China (PICC), regarded as one of the largest insurers in the world, with over $126 billion in assets has recently partnered with DNV GL and VeChain to bring blockchain technology to the insurance industry. According to the announcement on September 1, 2018, PICC believes that...

China’s Decision to Choose Ethereum Over its Own Blockchain NEO is Monumental

July 25, 2018 by Joseph Young at Altcoins, Bitcoin, Business, Ethereum, News, Regulation

The Xiongan government, in charge of building Chinese President Xi Jinping’s dream city the Xiongan New Area, has chosen Ethereum over NEO, a local blockchain network, along with its decision to employ New York-based blockchain studio ConsenSys as the blockchain consultant for the Chinese government. Unforeseen Decision ConsenSys is a...

Ethereum’s Billionaire Co-Founder Bullish on the Chinese Cryptocurrency Sector, Lists Qtum and VeChain

June 25, 2018 by Shaurya Malwa at Altcoins, Bitcoin, Blockchain, Business, Commentary, Ethereum, News

Cryptocurrency billionaire Anthony Di Iorio, co-founder of Ethereum and early investor in Bitcoin, is turning towards the Chinese cryptocurrency market in hopes of repeating his investment success. VeChain and Qtum on Billionaire's List In an interview with Bloomberg on June 22, 2018, Di Iorio expressed his thoughts on the cryptocurrency...

Multi-Billion Dollar Logistics Giant DB Schenker to Use VeChain’s Blockchain Protocol

June 14, 2018 by Joseph Young at Blockchain, News, Tech

DB Schenker, a multi-billion dollar logistics behemoth with annual revenues of $23 billion, is collaborating with China-based blockchain project VeChain to establish an Internet of Things (IoT) and supply chain network on the blockchain. First Supply Chain Blockchain Application Commercially On June 12, 2018, VeChain Foundation announced it had co-developed...

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