Tag: VeChain

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 Chinese car brands and world’s top selling plug-in electric car…

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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 blockchain technology can transform the existing system Legacy claim management…

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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 blockchain studio with more than 600 Ethereum developers and in-house entrepreneurs that…

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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 market and specified two Chinese projects as his investments. Di…

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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 an IoT-enabled blockchain network for enterprises with DB Schenker. As…

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The 2018 U.S. China Blockchain and Digital Currency Conference at LAX Marriott Hotel on August 22, 2018, is organized by Blockchain China Connect, Artisan Business Group, Inc., and partnered with FundingPost.com. The conference is the only Sino-U.S. investment and funding focused event for blockchain and cryptocurrency industry. Hundreds of blockchain entrepreneurs, investors, bitcoin mine operators, traders, and legal taxation experts are expected…

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Norway-based DNV GL has bought stakes in leading public blockchain provider, VeChain. The acquisition will allow the risk management and quality assurance company to gain access to tools and technologies for developing new digital assurance products. DNV GL and VeChain Partnership The two have yet to disclose the extent of the buy-in, as terms of the deal remain under wraps….

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There are five major mainnet launches of different projects scheduled for 2018. These include those belonging to Tron, EOS, Zilliqa, VeChain, and Cardano. Each of these five projects is currently under development, and their test net versions have been released to selected developers for testing. Tron Project On March 31, 2018, Tron founder Justin Sun went live on Twitter and…

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VeChainThor, a blockchain startup that aims to make identification of counterfeit products easier by an RFID technology, is yet again in the highlights with a fresh technical update. They are introducing the Distributed Data Vending (DDV), a compliant way to share sensitive data securely on the blockchain. The VeChain Foundation announced on their Twitter on March 22: In an era…

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German car manufacturer BMW has become the latest notable company to partner with a blockchain firm. VeChain, the notable blockchain-based supply chain enhancement platform has announced a partnership deal with BMW. The announcement was made by Sunny Lu, the CEO of VeChain on Monday, 26 February 2018. After months of unconfirmed rumors and speculations about an impending partnership deal between…

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