How VeChain Will Boost Decentralized Application Development Through Its New Financial Subsidy Programs And What This Means For VET

VeChain News Update – VeChain platform which was launched in 2015 uses public blockchain technology to provide real-world solutions. Through the provision of IoT integration, a comprehensive governance structure, and a robust economic model, VeChain connects blockchain technology to the real world. The pioneer of real-world applications, VeChain, has international operations at various locations across the globe. These places include Singapore, San Francisco, Luxembourg, Shanghai, Hong Kong, Paris, and Tokyo. The Singapore-based company and its strategic partners DNV GL and PwC have partnered with leading enterprises in various industries. These companies include Walmart China, Brightfood Group, Haier, BMW, BYD Auto, PICC, D.I.G, DB Schenker.

VeChain News Today – VeChain Latest Update – VET News Today – Mass Commercial Adoption for VeChain Thor Blockchain

VeChain’s relentless effort to promote the mass adoption of its blockchain technology has yielded fruitful results. Following the launch of its mainnet, the number of Global Fortune 2000 enterprises that on-boarded onto the public blockchain has increased. Reportedly, these enterprises are from different industries including Supply Chain Management, Logistics, Healthcare, Food and Beverage, and FMCG.

VeChain (VET) Price Today – VET / USD

Name Price
bitcoin
Bitcoin
$10,347.211.99%
vechain
VeChain
$0.00462.09%

With leading global enterprises on the VeChain Thor Blockchain, the number of transactions conducted daily on the blockchain has increased exponentially. VeChain News Update found out that the public blockchain records a high number of transactions every other day. However, it hit a major milestone on July 16th, 2019 with a daily transaction volume of over 1.1 million. This high daily transaction count seems to be the highest recorded on a public blockchain.

VeChain News Update – VeChain News Today – VeChain Needs Experienced Developers

VeChain works hard to further the adoption of its Thor Blockchain. The company aims to achieve this goal by working with brilliant developers across the globe. VeChain has always emphasized the need for developers. It made an effort to encourage dApp development via the introduction of new bounties.

VeChain has rolled out several Bounty Programs and Accelerators in the past years. Such programs include Security Bug Bounty- VeChain Thor Wallet, Security Bug Bounty-VeChain Thor Bounty, and VeChain Application Development Challenge. The program administration team for VeChain Thor Supercharger bounty will contact you and help set up the sponsor address after applying for the bounty. You can search the VeChainWorld forum for the bounty post to get more details about it.

VeChain News Update – VeChain nees Today – VTHO for Transactions on VeChainThor Blockchain

The gas of the VeChainThor Blockchain, VTHO, is needed to make transactions on the global leading enterprise-level public blockchain. The benefits gained by VeChain’s clients and partners from using this blockchain technology exceed the cost of adopting it. However, the economic cost of paying for transactions on VeChainThor Blockchain using VTHO may be a financial hurdle for individual developers or early startups.

The VeChain Foundation rolled out the VTHO Subsidy Program to give early startups and individual developers more opportunities to start creating applications on the public blockchain. They will enjoy a 50% subsidy of the total VTHO consumed through their applications’ transactions on the VeChainThor Blockchain. However, the VTHO Subsidy Program will run only for three months, from July 22 to October 22, 2019.

Besides, the VeChain Foundation has updated the bounty, VeChainThor Supercharger program. With an allocation of 3 million VTHO to successful applicants, the Foundation aims at encouraging developers to develop their applications on VeChainThor Blockchain.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.