The traditional means of managing data is no more fit for the dire need of secured and accurate data as statistics usage expands at exponential rate. This made Vechian’s blockchain technology evolution the imaginary answer to most companies, governments and individual’s problems.
As such, the credence Vechain (VEN) is garnering across the globe has been recently heightened, especially with the traceability and enterprise solution offered by the technology.
According to an update released by the Chief Operating Officer at Vechain, Kevin Feng, VeChain digital carbon ecosystem in company of the DNVGL received interest from 13 Asian countries.
Feng added that the latest development was achieved by Vechain on Sunday at the Clean Air Technology workshop which took place at Qingdao Olympic Sailing center.
https://twitter.com/kfeng027/status/1059652267337408513
Before now, VeChain and the DNV GL has been a commodity of high request in the market. The two made significant stride in the Chinese advancing medical standards and security. While China is known for its large production output, it has been envisioned that the blockchain solutions engineered by DNV GL and VeChain will soon expand across the globe.
Due to the unique identity added to product by blockchain technology, it has been affirmed that 100% data security against fraud, loss and scandal can be achieved.
Also, as long as products or vaccines get labelled with their identity code, their history can be easily monitored from the producer to end users. With blockchain technology, Asians’ confidence for their product can be restored.
Beyond Vechain (VEN)-Invest Cyprus Partnership.
Last month, the national Investment partner of the Republic of Cyprus, Cyprus Invest, announced that it has reached an agreement with VeChain (VEN) Foundation to bring the country closer to the next digital age with blockchain technology.
Beyond the two parties, a recognized US legal firm with great proficiency in blockchain project advice and counseling, and investment, CREAM, was also involved in the Memorandum of Understanding (MoU).
Surely, the collaboration will help increase blockchain adoption in the county.
Invest Cyprus, according to the Chairman of the firm, Michalis P. Michael, will also leverage the partnership to create real world use case of distributed ledger technology in the investment and Finance sector.
“The plans unfolding in Cyprus should open the world to what is achievable by investing in new technologies. Invest Cyprus as a promoter of Cyprus Investment opportunities and advisor to the government of Cyprus in the investment space, sees this technology as both transformational and fiscally restorative at the infrastructure level,” Michael stated.