The latest VeChain news show that the blockchain company is doing everything to contribute to the ongoing pandemic and help fight the deadly COVID-19 virus. As we can see from the news, VeChain uses tech which can check the legitimacy and verify if a variety of products are the real deal.
For those of you who don’t know, VeChain was founded by a former Louis Vuitton China executive and is now getting a boost after devising technology to spot counterfeit KN95 masks amid the coronavirus crisis. Named Sunny Lu, this person was an ex-CIO of Louis Vuitton China – and is now working on VET which has strong fundamentals and a technology used to make sure that new KN95 masks are coming from China and are legit.
So, how would the cryptocurrency achieve all of this?
The crypto news now show that VeChain uses tech and is working directly with production factories in both China and Seattle. A startup in San Francisco called Real Items is making sure that each box of KN95 masks are shipped with a two-factor authentication QR code that is recorded on VeChain’s blockchain. This way, retailers scan the comes with a smartphone and verify the product before they use it to protect health care workers and others.
This technology shows a lot of promises – it can be used to make sure that products sold online are the real thing. In fact, there is a plugin for that – the Real Items Shopify (SHOP) Get Report plugin generates a non-fungible record to be pegged to items for consumers to scan. It has infinite applicability in today’s booming eCommerce market. The access is also made as easy as possible, with the team removing the need for user wallets.
All in all, VeChain uses tech that is promising and edgy. But that is not all – the previous Vechain VET news showed that last month, Shanghai Gas also partnered with the cryptocurrency project to build a trust free “energy-as-a-service” ecosystem and build a more transparent and secure way to trade energy.
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