VeChain’s vision remains steadfast: deliver the mass adoption of public blockchain and solve key business challenges that are otherwise unworkable without this emerging, critical technology.

One of the biggest problems in the contemporary business world is that of data sharing between stakeholders. Trust remains one of the biggest hurdles for multi-stakeholder collaboration. Currently, it is impossible for a business to verify the quality and integrity of data of a third party without extensive time and cost requirements and often, the use of assurance providers such as DNV.

To overcome obstacles such as these, VeChain continues to invite and work closely…

The VeChain Foundation has been pushing forward relentlessly with its mission of bringing blockchain technology to mass adoption, creating real value for businesses and helping make the world a better place by enabling sustainability goals. During our earlier days, discussions with business partners, especially corporate and enterprise business owners, showed us first-hand the importance of predictable costs for day-to-day business operations.

Stable Costs Facilitate Business Confidence

Following these consultations, we specifically designed our unique two-token model to ensure we could provide predictable transaction costs for users of the VeChainThor blockchain. As explained in our whitepaper, VET, the native token, generates VTHO, and acts as the…

An emerging trend for the cosmetic industry is the incorporation of Near Field Communication (NFC) technology. NFC will continue to play an increasingly important role in digitization, allowing users to send secure transactions, exchange digital content or connect electronic devices via a simple tap of a smart device. Today’s tech savvy consumers are more likely than ever to have NFC-enabled smartphones in their pockets. Brand owners are tapping into this emerging communication channel to deliver engaging experiences for consumers like never before.

YI ZHI JI, a Sino-French D2C cosmetic brand recently released its new line of customizable lipsticks with VeChain-encrypted…

Today, almost all internet users are familiar with the concept of web-based applications, whether email, e-commerce or teleconference platform. Thanks to the development of modern web browsers, web applications are readily and easily accessible across multiple platforms, irrespective of OS or device type.

Blockchain dApps, however, are not so simple. Using dApps can often prove restrictive, forcing users to choose specific browsers to access certain wallets. Users may also have to switch wallet apps depending on whether they’re using a desktop or mobile device, resulting in an inconsistent user experience. Furthermore, dApp users have to manage crypto assets, pay gas…

In 2020, VeChain continued on its mission towards mass adoption, unveiling multiple high-profile partnerships, new technical capabilities and facilitating the expansion of commercial projects from across industries such as healthcare, food safety, sustainability, and more.

During the year, we were fortunate enough to have witnessed a diverse array of community generated content published across various media channels — from articles to videos, art, and music. VeChain’s reputation continues to blossom at the grassroots and for that, we are ever grateful. …

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 13th VeChain Foundation Financial Executive Report, covering the period from August 2020 through to October 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

TÜV Saarland Certification (hereafter referred to as “TÜV Saarland”) has issued VeChain with the world’s first 5-Star-Rated Blockchain Service Certificate. Their certification acknowledges the readiness and maturity of VeChain’s blockchain technology, raising the profile and prestige of the network and certifying it as one of the preeminent front runners in the enterprise-level blockchain space.

As a renowned European certification body, TÜV Saarland is accredited by DAkkS, the national accreditation body for the Federal Republic of Germany. TÜV Saarland’s blockchain service certification methodology is based on established blockchain service evaluation standards and industry-leading expertise and experience within TÜV Saarland. …

December. 18 2020, Singapore — Since its initial launch in January 2018, VeChain’s global innovative research grant program, VeResearch, has been one of the major driving forces behind our blockchain-related technological progress, cooperating and co-developing solutions with leading global research bodies for the betterment of VeChainThor and the advancement of the entire blockchain industry.

With the goal of integrating blockchain into all possible frontiers and pioneering new ways for the world to do business, the VeChain Foundation is proud to announce that the Royal Melbourne Institute of Technology (RMIT) Blockchain Innovation Hub has joined the VeResearch program to address issues…

With the aim of providing a secure and growing blockchain ecosystem, the VeChain Foundation has always been dedicated in bringing impactful stakeholders to the ecosystem and rallying partners globally around the common goal of solving business problems through the use of blockchain technology.

Grant Thornton Cyprus, one of the largest business advisory firms in Cyprus and a member firm of Grant Thornton’s sprawling business network present in over 140 countries, has formally announced it has become one of the 101 Authority Masternodes for the VeChainThor blockchain.

Earlier this year, VeChain and Grant Thornton Cyprus announced an official partnership with the…

December 3, 2020, Nicosia, Cyprus — The COVID-19 pandemic showed the world the value of digital technologies and demonstrated their increasingly vital role in healthcare. During 2020, VeChain, alongside I-Dante, collaborated to work on blockchain-enabled medical solutions, co-developing the E-HCert App — an archival solution for COVID-19 RT-PCR and antibody test records. The solution was implemented at the Mediterranean Hospital of Cyprus and between June to August, recorded the test results of more than 8,000 people who subsequently used them as part of the flight arrival process at the International Airport of Larnaca.

Driven by proven value in a real…

VeChain Foundation

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

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