November 11, 2020, Shanghai — With an ever-increasing number of businesses looking to adopt blockchain, VeChain’s array of real-world ready solutions places it in a uniquely advantageous position in the age of blockchain adoption. From supermarket chains such as Walmart to medical companies such as Bayer, VeChain empowers all businesses with its highly efficacious blockchain solutions. …


November 2, 2020, Shanghai, China — As one of the biggest annual trade exhibitions in China, the 3rd China International Import Expo (CIIE) attracts large international and domestic enterprises and businessmen from every province in China and across every industry to the National Exhibition and Convention Center (NECC).

To mitigate the risk of COVID-19 infection, the CIIE organizers have put in place a robust set of plans to ensure the health and safety of attendees, including social distancing and remote conferencing measures, as well as an increased section for public health products and exhibitions.

In the fight against COVID-19 infection risk, VeChain, together with DNV GL’s My Care methodology will be powering InterContinental Shanghai Hongqiao NECC, the only luxury hotel located within National Exhibition and Convention Center (NECC). …


In partnership with VeChain and DNV GL, Renji Hospital, a top-ranked hospital in China affiliated with the Shanghai Jiaotong University School of Medicine, has announced the launch of the world’s first blockchain-enabled Intelligent Tumor Treatment Center. The Intelligent Tumor Treatment Center is a transparent, efficient, and traceable medical management solution powered by VeChain ToolChain™.

The launch was announced on October 20, 2020 at the Renji Hospital High-Quality Integrated Development Launch Conference. …


October 14th 2020, Shanghai, China — With the change of lifestyle and a fast-growing middle class, Chinese customers are demanding more choices for high-quality alcohols. A growing need for digitalization and better optimization in the supply chain such as traceability and authentication has prompted companies to adopt better technologies to serve their clients. Ubique Tag, a pioneering professional supplier of smart tags in China, has integrated their traceability services with VeChain ToolChain™ to trace premium liquor & spirits products for their clients.

Several categories of Baijiu Liquor (popularly known as China’s national drink) of Yanghe and Shuangqu, two subsidiary brands under Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., has already created over a half million clauses and transactions on the VeChainThor Blockchain Mainnet since it launched.


Transparency, Fairness, Openness

With the purpose of fostering transparent communication on our accomplishments on creating tangible economic value by blockchain technology, we hereby present the 12th VeChain Foundation Financial Executive Report, covering the period from May 2020 through to July 2020.

As always, we sincerely welcome the community to hold us to the commitment of transparency, including but not limited to the rigorous monitoring and usage of our funds, and the development process of all aspects within the VeChain Foundation.

The report structure is as follows:

1. VET Supply Overview

2. VeChain Foundation Expenditure (use of proceeds)

3. Notes

i) Enterprise Investor Pool

ii) Co-Founders, Development…


Non-fungible tokens (NFTs) represent unique assets that can be maintained and tracked on blockchain networks. Given its increasingly broad deployment in various industries, such as art collectibles and gaming, recent years have been witnessing the accelerated development of the NFT ecosystem, with the total market capitalization of all NFTs standing at roughly $210 million in 2019, predicted to reach $315 million by the end of 2020.

As the leading enterprise-friendly public blockchain platform, VeChain is one of the pioneers of connecting NFTS with the real world. …


September 17, Singapore — As the world’s leading enterprise friendly blockchain platform, VeChain has officially joined the China Animal Health And Food Safety Alliance (hereafter referred as CAFA) as one of the council members. VeChain will be the sole public blockchain technology provider in the alliance, providing technical and infrastructural support for the council members.

CAFA is a government-backed organization directly under the Chinese National Agricultural Science Technology Innovation Alliance initiated by the Ministry of Agriculture of the People’s Republic of China, which aims to build a trustworthy platform that connects the government, industry associations, producer enterprises and research institutes in the food sector. …


September 9, 2020, Shanghai, China— In the face of the long-term impact of the COVID-19 on the global economy, VeChain, together with DNV GL, have jointly introduced a blockchain-based risk self-assessment application named VeTrust. It provides hotels with an effective risk self-assessment toolkit to enhance safety and risk management during and after the pandemic.

By using the one-stop data BaaS platform VeChain ToolChain™, VeTrust combines DNV GL’s infection risk management methodology and track record to help businesses start managing COVID-19 risk factors, starting with small to mid-scale hotels in China.

Mitigating COVID-19 Risk Using Blockchain Technology and Third-party Assurance

The sudden outbreak of COVID-19 swept through the globe. The China Hospitality Association revealed that China’s hotel industry lost over $9.44 billion in revenue. A total of 74.29% of hotels were closed for an average 27 days. Long-term recovery of China’s hotel industry depends upon the ability to manage customer concerns and restore trust between the company and the customers.


August 24, 2020, Singapore —Since the announcement of the VeChain Community Design Contest, the Foundation received many amazing works from our talented community. Over 130 submissions have been collected, among which the All-stakeholders voting on VeVote was held to decide the final winners.

We would like to extend our sincere gratitude and appreciation for all of the great work and support shown in the contest, especially to our Top 5 winners. The Top 5 winners will share a total prize pool of 3,000 USD, and their designs will be featured on a monthly rotational basis on our official Twitter profile page banner.

In addition, all other quality submissions from the participants can look forward to being featured for specific durations or special occasions, such as festivity themed designs.

VeChain will continue to work hard to achieve our vision of blockchain mass adoption, guided by our “Everything is Connected” mantra.

Designs To Be Featured On VeChain Official Twitter

September 2020 @Ch_roiron

October 2020 @AndreaM0610

November 2020 @nyeffz

December 2020 @RudySteenhoek

January 2021 @Fatiebomba

-END-


August 20, 2020, Singapore— As consumer behaviors shift towards greener and more sustainable products due to climate change awareness, companies are increasingly looking to integrate a more sustainable approach to their businesses. Market-leaders such as Nike, Adidas, H&M & Amazon are already placing sustainability at the forefront of their global product and marketing strategies.

To help companies digitalize and increase efficiency for sustainable business practices, VeChain, the leading enterprise friendly blockchain platform, officially launches its Blockchain-enabled Sustainability Solution. The solution is built on its one-stop data Blockchain-as-a-Service (BaaS) platform VeChain ToolChain™.

BlockChain + Sustainability: Ensuring Trustworthy Long-term Efficiency & Profitability For Brands

Research by The World Economic Forum has shown that the risks for companies will grow due to both the direct impact of climate change on business operations and supply chains. There have been corresponding demands for transparency on sustainable activities, with financial regulators, policymakers proposing mandatory climate risk disclosure legislation, and litigation against companies failing to disclose climate risk. …

About

VeChain Foundation

The VeChain Foundation is a non - profit entity established in Singapore.

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