VeChain News Today – Headlines for June 26

  • A special edition of Nike Air Max 1 is Set to be Blockchain verified
  • Australian shoe manufacturers to release Air Max 1 on June 28, 2020,
  • The VeChain Toolchain will be used to monitor the product

VeChain News Today – the issue of product piracy has become one of the biggest concerns in today’s market. The problem hasn’t been eliminated from the market despite the many drastic measures taken by manufacturers. so According to data presented by Statista.com following an analysis of the issue, companies around the world suffer huge financial losses from the issue of product privacy. These losses have amounted to roughly $323 billion.

Now, it appears that one major product manufacturer is looking to tackle this project with Blockchain technology. The Australian shoe manufacturers Chase Shield and The Kickz Stand will depend on the reliable Blockchain solution offered by VeChain. The Australian shoe manufacturers have announced that the special edition of the Nike Air Max 1 will be Blockchain verified.

Chase Shiel and The Kickz Stand rely on VeChain

Australian shoe manufacturers The Kickz Stand and Chase Shiel revealed that they will present a custom Air Max sneaker on June 28. The new shoe will be monitored with VeChain’s toolchain. This special edition will be exclusively sold through Chase Shiel’s official website. The Kickz Stand announced via Twitter. According to Sarah Nabaa, the Vice President of VeChain for Australia and Asia, the move made by the manufacturers was a bold step. She praised their decision to look to Blockchain technology to tackle product privacy.

Nabaa described how she was impressed with the last pair of shoes she bought from Chase Shiel after scanning the QR code to verify the authenticity of the product and they showed that the shoes she bought were specially made for her. VeChain’s toolchain is a suite developed by the VeChain network. The solution contains some important tools that firms need to use VeChain Thor in their businesses.

VeChain Has Fought Against the Coronavirus

According to Sunny Lu, the CEO of the Blockchain network, the tool will ensure the mass adoption of the VeChain project and improve the overall usage of Blockchain technology around the world. There are countless renowned companies around the world like PwC, BMW, H&M, Renault, and Walmart China who depend on the VeChain ToolChain™ already.

In the fight against the ongoing coronavirus pandemic, the VeChain network has created a test in collaboration with I-Dante. The test is designed to check whether an individual is infected with COVID-19. VeChain’s tracking solution also works with the E-NewHealthLife app to protect the data of analyzed individuals. As of June 26, 1,200 people have already downloaded and utilized the app at the biggest airport in Cyprus in a bid to avoid isolation. Note that the product was originally developed for hospitals in Cyprus.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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