An official press release has recently reported that BYD which is the largest Chinese car brand and the world’s top selling plug-in electric car manufacturer is tacking carbon emission imbalances by teaming up with VeChain and DNV GL. The press release revealed that “the solution utilizes VeChain's automobile lifecycle management solution that encompasses nearly every … Continue reading "VeChain And BYD’s Partnership Supports The Development Of Sustainable Ecosystems "
Yesterday was a big day for the VeChain Foundation as the team announced their partnership with BYD Auto Co., Ltd., a Chinese automobile manufacturer, and DNV GL, an international accredited registrar. The partnership comes as a strong effort to try and solve the issue of carbon emission imbalanced via VeChain’s blockchain-based Proof-of-Concept protocol. BYD revealed … Continue reading "VeChain (VET) Teams Up With Global Leader In Green Car Manufacturing BYD To Reduce Carbon Emission Imbalance"
The crypto-verse’s market is getting even more unpredictable as on a daily basis there is one coin (mostly altcoins) that stands out tremendously compared to the others. In most cases when the bears are having the saying, the token values are not impacted that heavily by any team announcement, chain improvement news or partnerships taking […]
VeChain (VET) teamed up with the People’s Insurance Company of China (PICC), one of the leading insurance companies in the world. PICC also partnered DNV GL, a company that addresses global quality assurance and risk management. With its agreements VeChain and DNV GL, PICC aims for better monitoring of commercial property insurance, homeowners insurance, liability insurance, accidental injury insurance, motor […]
The pronouncement of a partnership between a China based insurer and VeChain (VET) blockchain technology has been heightened to bring innovations into the insurance sector after the collaboration was inscribed into record. Coming from the VeChain Blockchain is a Press Release which indicates that the alliance was initiated between three companies among which DNV GL […]
Sunny Lu – founder of the 18th largest cryptocurrency by market capitalization which is attracting growth very speedy, added his comments on the future of the network during a live chat on Youtube. VeChain Latest The commentary started with a Mr. Lu praising the VeChain community highlighting out that it is one of the best […]
What is the VeChain ?
VeChain (VEN) is a platform, based on Blockchain technology, which guarantees the traceability of any type of good and therefore improves the transparency of the life cycle of objects.
The goal of VeChain is to provide greater market transparency and to provide consumers with access to detailed information about the product they have purchased, sold or used.
VeChain provides simple and secure ways for product manufacturers to collect, manage, and share important data to vendors and end-users about the complete product lifecycle. Blockchain technology is used to ensure the security of all data.
The VeChain platform allows manufacturers to assign a unique identity to a product that will allow resellers, partners and consumers to interact with the product through the platform.
Product traceability is provided by NFC chips, RFID chips or QR codes. The chip or the QR code can be consulted at any time by the consumer, to learn more about the provenance on product.