VeChain News Today – Headlines for July 31

  • Chinese cyberspace commission has recognized VeChain
  • The Chinese cyberspace commission described VET as outstanding
  • The DNG GL developed ToolChain allows entities to resume their operations

VeChain News Today – according to an article published in “Guangming Daily” the Chinese daily newspaper, the Chinese cyberspace commission has recognized VeChain. The report which was also published on the site of the CCAC (Chinese Office of the Central Cyberspace Affairs Commission), the Chinese cyberspace commission described VET as outstanding.

The report also discusses the current use case of Blockchain technology in the industry. It also highlights how technology can improve the healthcare industry. The Chinese Office of the Central Cyberspace Affairs Commission is a high-level office that reports to China’s heads of state. It is directly accountable to President Xi Jinping.

VeChain Offers an Innovative Solution

Since the coronavirus began, the system for prevention of the spread of the virus has been in demand. Per the report VeChain, in collaboration with DNV GL, offers a future-oriented Blockchain solution that provides a valuable contribution to protect the populace, government, and sector against COVID-19.

The VeChain-backed virus containment prevention solution will allow many firms to resume their normal operations. VeChain’s MyCare solution is already been used in Norway. In the Norwegian shipping industry precisely. It is also been used by some hotel chains like ITC Hotels and Intercontinental. The Infection & Emergent Pathogen Risk Prevention Framework and VeChain’s My Care solution will help firms review and improve their safety protocols.

All important data can be disclosed in hotels and on vessels by scanning a QR code (which will be used to check the protocols). According to the CEO of VeChain Sunny Lu VeChain helps firms cope with the “new normal” that the coronavirus has brought. He claimed that to get back the trust of the populace Blockchain technology has become more important than ever.

The Pursuit of Trust is Higher Than Ever

In the ‘new normal’ that has been brought by the ongoing pandemic, consumers are now more focused on trust. Blockchain technology will boost commercial credibility and data integrity which will guarantee mutual trust and multi-party cooperation. Lu added that the ToolChain Blockchain data service platform offered by DNV GL and VeChain allows entities access to a secure and more efficient way to handle sensitive data.

The data can be stored transparently in a tamper-proof manner. The solution offers a flexible environment that contains innovative tools to allow the research and development of complex apps in multiple scenarios. According to a recent update, Lu also said the integration and model of VeChain’s ToolChain don’t take longer than a few weeks again compared to the way it was before. This is why it has become easier to envision far-reaching application scenarios and implemented them quickly. This clears the way for the mass adoption of VeChain.

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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