German Federal Office Sees VeChain As A Potential Partner

The German Federal Office for IT Security recently published a report that recognizes VeChain and its great technology. The study described that the platform has many partners in different branches of the industry thanks to its advanced technology which is why we are reading more in the following VeChain news.

In the study published by the German Federal Office for Information Security, Vechain is seen as the best blockchain for its intelligent supply chain management. The study aimed to examine and to evaluate the security of the top 300 blockchains as a part of market analysis. The study also identified possible fields of application for the projects evaluated. The study had 4 criteria including the number of security incidents, security, evaluability, and how relevant the blockchain is on the market.  The study recognized 8 blockchains of the top 300 studied and in addition to Vechain, EOS and Corda were among the top ones.

The study also shows that Corda should be used to develop health-related applications if there are no other candidates. EOS received recognition for being a technology that allows the construction of decentralized applications for the market cap of $3 billion. EOS remains highly relevant in the market. About VeChain, the study shows that the technology is similar to Ethereum and offers a wider range of practical applications.

The VeChain blockchain will store the information data on certain products. Unlike OriginTrail, Vechain is written in a stronger language and it is supposed by a higher number of big companies. The report also studied the open-source code of Vechain, Corda, and EOS and used automated analysis tools as the static code to check the security components of the code. Vechain obtained a huge number of cooperations with partners and along with DNV GL, it participated in a webinar to present the blockchain technology use cases. The event was co-organized between Chinese authorities and the Norwegian Representatives in Shanghai.

VeChain and DNV GL also partnered with the Italian company ICAB La Fiammante, to use the Thor blockchain so they can record all information related to the Italian tomato supply chain. VeChain partnered with the big pharma Bayer to develop a blockchain solution called CSecure. The platform will be used to improve the drug tracing management in clinical trials but it will also bring traceability, efficiency, and data transparency.

Bayer G4A China chose VeChain to co-developed Csecure, a traceability solution for the management of clinical trial drugs. This solidifies VeChain's position in the digital health space. Read the news shared by Bayer G4A (Chinese): https://t.co/Cin6TGJzaq

— VeChain Foundation (@vechainofficial) May 28, 2020