VeChain News Today – Headlines for July 8

  • Leading global steel company set to use VeChain-based My Care solution
  • My Care is designed to help prevent new infections and store infection data
  • VeChain price increased by 68 % in the past seven days

VeChain news today – one of the biggest steel firms in the world has announced that it will be using VeChain-based My Care solution. ArcelorMittal is the steel company that made the announcement. The firm will use the VeChain-powered My Care solution to cut down the risk of infection of COVID19. My Care is set for testing at its Mayfair office in Luxembourg.

The solution will help prevent new infections and store infection data quickly and tamper-proof on the Blockchain. ArcelorMittal has offices in 60 countries globally with more than 190,000 employees. This means the solution created by VeChain and DNV GL will be widely used. The company decided to move forward with this arrangement because the global infection rate around the globe is rising.

My Care is Now Partners With VeChain and DNV GL

As we reported earlier, VeChain developed the My Care solution in collaboration with DNV GL. The offering was created to record the risk of infection of COVID19, and manage data before storing it in a tamper-proof way. VeChain’s ToolChain BaaS platform will be used for this purpose. According to DNV GL:

“My Care adopts a holistic approach to creating business resilience. It facilitates the readiness to tackle infectious diseases today. It can also drive change in HSE (Health, Safety, and Environment) policies to create organizational resilience for the long-term.

Viking Line was reportedly the first firm in the world to use My Care for its employees and business processes. In the first phase, 6 terminals and 7 ships were equipped. Meanwhile, VeChain has created a dApp (decentralized application) called E-HCert. E-HCert will be used in hospitals in Cyprus to record infection data on COVID 19 in a tamper-proof manner.

VeChain Increased by 68 % in the Last Seven Days

E-HCert is reportedly used at Cyprus’ biggest airport in Pafos. The airport handles more than 11 million passengers yearly. After a few days, the app has been downloaded and is actively been used by 1,200 people. The adaptation of VeChain’s technology has continued to progress more and more in recent weeks. This has positively impacted the price of the digital asset.

VeChain price has risen by 68% in the past 7 days alone. This shows the impact of this project and its position as the best performer in the last seven days among the 30 largest digital assets. VeChain recently announced that it will function as the keynote speaker at a global AI (artificial intelligence) trade show in Shanghai this year. This will be the first time in history that a Blockchain entity will be the keynote speaker at the conference.

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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