• In the latest announcement, Stellar Lumen has launched the Stellar Asset Sandbox to make it easier for users to issue, mint, and burn new assets using the Stellar testet network.

This week was a dramatic one for the crypto industry as the major assets moved to and fro on the price curve and also announced some incredible development across the crypto sphere. This features some heavyweights including Ripple, VeChain, IOTA, Dogecoin, and Stellar Lumen which saw marginal falls in the market in the last 24 hours despite making huge news in the mainstream media. 

Ripple (XRP) price to go 10x after win over SEC, floats a $250M creators fund

Ripple Labs’ win over the US Securities and Exchange Commission (SEC) in the ongoing lawsuit could trigger a 10 times price surge facilitated by its use of tokenization. It is important to note that the XRP Lenger (XRPL) is the first blockchain to assist tokenization for several assets within the category of NFTs, Stablecoins, and cryptos. Considering that the value of tokenization is expected to hit $1 trillion by 2024, XRP could be a huge beneficiary. 

Ripple has also launched a whooping $250 million creator’s fund in a bid to get NFT artists to draft their collections to the XRP ledger. The company has long sought to explore ways to facilitate the growth of the Ripple ecosystem, and this could be possible by bringing talented developers and creators on board. It is reported that the beneficiaries will be defined by those with NFT utility and community engagements while having little to do with location. Application for the third wave is closed with the fourth expected to be opened soon. Beneficiaries of the second wave of the fund were announced in October last year.

Read more…

Dell partners with IOTA to bring sustainable energy uses to the digital cities

IOTA Foundation has in partnership with Dell Technologies sought to bring sustainable energy use cases to digital cities in a bid to transform Urban Mobility using Intelligent Security systems (ISS). According to the report, the solution would make use of the combined approach featuring video recordings, analytics, and control center modules that run on a dedicated computer environment. One merit of this partnership is the cost-effective path for proper traffic management while taking note of the citizens’ safety. 

Read more…

Doge community awaits Elon Musk to push Dogecoin again as Twitter launches new ad share model

The Dogecoin community has maintained its excitement since Elon Musk took over Twitter in a pretty interesting fashion. Financial Times reported that Elon Musk wants fiat currencies to be used as Twitter’s primary payment method.

However, he wants engineers to make it flexible for crypto payments to be added in the future. Dogecoin investors have been more excited as Twitter rolls out a new ad share model. Elon Musk Tweeted that part of the revenue generated from advertising on the platform would be handed over to creditors. Many crypto enthusiasts are certain that this could accelerate the implementation of digital assets on Twitter. It is expected that once payments begin to be processed, fiat and cryptos could be added to the platform. 

Read more…

Stellar Lumens introduces a groundbreaking tool to issue, mint, and burn new assets on the XLM blockchain

In the latest announcement, Stellar Lumen has launched the Stellar Asset Sandbox to make it easier for users to issue, mint, and burn new assets using the Stellar testnet network. This does not need any coding knowledge. In addition, it also makes asset issuance easy for businesses and individuals. This development means users can create, issue, and manage the digital representation of fiat on the network. Using Steller’s custom and compliance tools, users can tokenize assets such as CBDCs, stablecoins, and securities. 

Read more…

VeChain announces new major partners that will take digital ecosystems to the next level

Source: Diego Ioppolo – Shutterstock

At the beginning of this month, VeChain launched a sustainability and Web3-focused IRL event called HiVe, which is expected to take place in March 2023. This would take over the VeChain summit which last occurred in 2019. Part of the idea is to foster collaboration across the Web3 community. VeChain has also partnered with the United Nations to realize the 17 sustainable development goals (SDGs) established by the UN.

Read more…

Der Beitrag CNF Brief: 6 of the biggest headlines in past week – Ripple, VeChain, IOTA, Dogecoin and Stellar Lumen  erschien zuerst auf Crypto News Flash.

Riding on the goal to bring blockchain innovations into the mainstream digital economy, the duo of Ripple Labs and VeChain are amongst the top pioneers driving the shift to this new world. Since the advent of Non-Fungible Tokens (NFTs), the creator economy has shifted remarkably over the past few years.



From what started as digital artwork registered on the blockchain through CryptoPunks, the digital collectible world has extended to music and other creative areas. With the industry now in the spotlight, here is a short insight into how Ripple and VeChain are championing the growth of the emerging multi-billion dollar industry.

Ripple floats a $250M creator Fund

Ripple Labs Inc is a blockchain payments firm whose footprint in the digital currency ecosystem is now growing at a very fast pace. Away from its core business, Ripple also maintains the XRPLedger, a smart contract platform designed for creators.

As its own commitment to helping develop the NFT ecosystem, Ripple has launched a $250 million creator’s fund to enable every artist to bring their collections to the XRP Ledger. While the XRPL has a high transaction throughput, it is also known to be extremely cheap, and its transactions are notably fast. These features come off as the core selling points Ripple has for creators to consider embracing the protocol.

At this time, Ripple wants developers and creators whose projects can contribute to the growth of the Ripple ecosystem in the near future. While the potential beneficiaries of the fund will be drafted irrespective of location, the preferred projects will be those with a defined NFT utility and community engagement.

While the initiative is in partnership with top projects including onXRP, MINTNFT, and CrossTower amongst others, the firm announced the beneficiaries of its second wave of the fund back in October last year. With applications for the 3rd Wave now closed, Ripple said it will make the announcement when the applications for the 4th Wave are opened.

VeChain and the World of V Partnership

While VeChain remains one of the most innovative blockchain protocols, its recent partnership with the World of V platform is bound to showcase its unique potential in the near term. The partnership involves a pivot into a whole new class of products dubbed Phygitals.

World of V is thrilled to introduce Phygitals-as-a-service: bridging the gap between physical and digital experiences through the combination of #NFTs and #IoT powered by @vechainofficial tech.#WorldofV #VNFT $VET #WoV #VeChainhasNFTs #NFThttps://t.co/Gp439UNf3A

— World Of V | NFT Marketplace (@worldofv_art) February 3, 2023

Phygitals are digital goods that have their counterparts in the physical world. The products form the next frontier for NFTs as users want a more definitive use case for the choice of digital collectibles. As detailed in its announcement, the World of V platform has launched its Phygitals-as-a-Service product and it has designed the product to be embraced by everyone.



The platform has created a model in which the physical items can be authenticated for originality while the digital version’s Proof of Ownership can easily be verified by all. With the Phygital products branded as a combination of the potentials of the Internet of Things (IoT) and NFTs, a whole new experience is bound to be unleashed for users in the Web3.0 ecosystem.

Der Beitrag Ripple and VeChain to conquer this futuristic billion-$-market with superior tech and real life usecases erschien zuerst auf Crypto News Flash.

• It is highly possible that VeChain could become a privacy coin despite the recent criticisms and scrutiny they have been subjected to in a bid to crack down on the black markets that actively use these coins. 

The tech pioneers have long advocated for privacy in the blockchain industry. Over the years, the likes of Monero and ZCash have been pushing the popularity of this concept in the crypto sphere. It is important to note that Monero does not only hide the Identity of parties involved in transactions. It also hides the amount to make it difficult to be traced back.

ZCash also uses a unique approach to promote privacy using the zk-SNARK protocol or zero-knowledge proofs. ZKP is a cryptographic technique used in cryptography and computer science. ZKP enables users to prove that information sent to another party is correct without the need to display the actual information. This raises the question of whether VeChain can be private like ZCash and Monero. 

In an article titled “beyond anonymity: the future of privacy with zero-knowledge-proofs ZKP,” it is stated that the interactive verification input is needed to implement the ZKP protocol. According to the article, verification input must fulfill three ZKP characteristics namely: completeness, soundness, and zero knowledge. According to the article, there are two primary weeks to implement ZKP on a blockchain. 

These are zk-SNARK and zk-STARK. The article mentions projects that use ZKP or zk-SNARK Protocols in 2023, and this includes Mina Foundation. It uses a variant of the ZK-Snark protocol known as “plonk” to offer practical zero-knowledge proofs.

No matter how many transactions are committed to the network, the Mina Protocol intends to be a light blockchain with a fixed size of just 22 kB. This size should enable everyone to manage a node and contribute to the network’s security without the need for complex computer hardware.

VeChain could become a privacy coin

Another project that helps pioneer the zero-knowledge technology is Zcash. 

It helps the use of zero-knowledge technology in the sector by supporting its privacy-preserving transactions with zero-knowledge Proof. Zcash is a cryptocurrency that offers anonymous transactions through the zk-SNARK protocol. The first widely used cryptocurrency to use zero-knowledge proofs is this one.

Other projects that make use of zk-STARK are Aztec protocol, Polygon Maiden, and Starkware industry. ZKP has several world use cases including Healthcare and other personal data privacy, Decentralized Identification, Decentralized Exchange (DEX), and Supply Chain Management. VeChain especially is a blockchain based on the supply chain management platform. It makes use of the ZKP to effectively track items and supply across the supply chain more securely and transparently. 

Provenance, a blockchain-based supply chain management software, employs ZKP to create tamper-proof supply chain records. The party has just started, and there is a long road ahead. The Zero-knowledge Proof is a powerful method to enhance data privacy, and in the coming years, we will witness novel, sustainable, scalable, and cutting-edge solutions to data privacy. 

It is highly possible that VeChain could become a privacy coin despite the recent criticisms and scrutiny they have been subjected to in a bid to crack down on the black markets that actively use these coins. 

Der Beitrag Can VeChain become a privacy coin like Monero or ZCash? ZKPs are the future in billion-$-market erschien zuerst auf Crypto News Flash.

There are different ways to measure the growth of a blockchain-based network, be it a layer 1 or 2 protocol, or even a gaming platform. One of these ways is the debut of a detailed Whitepaper, a move that will capture the vision and action plan of the project as well as its roadmap to achieve its set goals.

This is the stage that the Vechain-based Play-and-Earn gaming platform ExoWorlds has gotten to. ExoWorlds is an Openworld Metaverse that permits creators to build, explore and conquer the verified galaxy. ExoWorlds is building a formidable community of believers as it seeks to take the metaverse exploration to a whole new level.

WHITEPAPER RELEASED 📖

FINALLY!!! The time has come! 👨‍🚀 The whitepaper is out! Come explore the #ExoWorlds Verified Galaxy and be part of this great adventure!👇https://t.co/6Wmktg9Yus#VeChain #VeChainHasNFTs #VeFam $VET $EXO #ETH #BNB

— ExoWorlds (@ExoWorldsNFT) January 30, 2023

Insight into the Whitepaper

Per its description in the published Whitepaper, ExoWorlds is branded as a next-generation Science Fiction MMORPG, built with Unreal Engine 5.1 and secured on the VeChainThor Blockchain. The platform prides itself in its push to build an open-world experience that will be the first of its kind in the broader Web3.0 ecosystem.

With a mix of an incredible theme story, captivating graphics, and trusted technology, ExoWorlds is set to make its mark on its target audience with a second-to-none user experience.

The gaming platform will be powered by a total of 10,000 Planet Non-Fungible Tokens (NFT) collections. Unlike other layered NFTs, ExWorlds said its NFTs are procedurally generated in Blender using real-life texture data and rendered for months with various GPU rigs. 

According to the roadmap detailed in the Whitepaper, the protocol started with the sales of the procedurally generated NFTs back in February 2022. Moving ahead, ExoWorlds said it will focus on the launch of its Metaverse Prototype, a work that took about 7 months to create. The metaverse prototype is already test launched in Blockchain Rio, the largest blockchain conference in Latin America – and was received with tremendous success.

While no date has been pegged for the release of its ecosystem token, ExoWorlds plans to conduct the public sale of its token at a later time this year. The protocol said it designed the token with carefully designed tokenomics that will help fuel sustainability in its ecosystem. 

Users who gain access to the token will also be able to stake them as well as lock them to be rewarded with in-game assets. After their debut, ExoWorlds highlighted that the token will be launched in both centralized and decentralized exchanges.

Pedigree of the Founding team members

There is a general belief that the strength of a blockchain protocol can be determined by a deep recognition of the pedigree of the founding team members. For the published Whitepaper ExoWorlds, its founding team is led by Lucas Saint Laurent, a Partner of VeChain Stats, a leading block explorer on VeChain. Drawing on his mathematics background at Johns Hopkins University, Lucas is also the founder of Cryptographic Studio.

The ExoWorlds team also includes William Campbell the Chief Operating Officer and Ronnie Mueller the Chief Marketing Officer amongst others. With their collective experience, they are prepared to usher ExoWorlds into a published Whitepaper.

Der Beitrag VeChain based NFT blockchain MMORPG launches whitepaper in trillion-$-market – Report erschien zuerst auf Crypto News Flash.

Our data shows that investors have taken a step back with a majority of cryptocurrencies’ prices stagnating. Bitcoin which is the trendsetter has failed to break the $23,000 resistance level triggering speculation that it will retract and test recent supports. Despite prices stalling, network development and technological developments are still ongoing painting a bullish picture for a number of projects.

In this week’s CNF brief, we take a look at some of the most intriguing developments.

Massive cash for Bitcoin price uptrends comes from US institutions

A report early this week revealed that institutional investors play a key role in Bitcoin price uptrends. Although a majority of mainstream institutions are wary of cryptocurrencies, firms like MicroStrategy Incorporated, Block Inc, and Paypal Holdings Inc are notably heavily invested in cryptocurrency. Matrixport’s head of research and strategy, Markus Thielen confirmed that the bulk of the buying momentum that is pushing the price of Bitcoin upward is being fueled by the hoard of institutional investors pumping cash into the industry.

As these investors increase, it’s expected that prices will continue to rise. Additionally, regulators will be under massive pressure to introduce clear regulations that could further increase adoption. It’s further intriguing as recent data shows the Bitcoin Network processed more transaction value than Visa and Mastercard last year and is expected to surpass this in 2023…Read More

XRP price ‘in the thousands’ after Ripple vs. SEC case is settled

Speculation continues to grow around the XRP price. Earlier this month, Ripple CEO Brad Garlinghouse revealed that he expects the Ripple vs. SEC case will be settled in the first half of the year. With Ripple pegged to win, investors and analysts expect prices to rally. This especially after the advances in the XRPLedger from the last two years and the growth of the ecosystem will add to XRP price growth. Furthermore, some of the leading crypto exchanges that previously delisted XRP on their platform will rush to relist the digital asset.

Source: Travis Wolfe

However, Brad Garlinghouse-led company is treading on a very cautious path as any form of settlement without legally defining the status of the XRP coin can stir up another lawsuit sometime in the future… Read More

At the time of press, XRP is exchanging for $0.4109. The digital asset has been trading sideways for the last 7 days. With a record of $3.84 as the all-time high reached 5 years ago, the token is still a long way from its ATH.

Developers confirm billions of SHIB will be burned with Shibarium

Amid the tanking SHIB burn rate, lead developer Shytoshi Kusama assures an uptick in burn rate with the Shibarium release. The eagerly awaited  Layer-2 scalability network is set to launch soon and will offer a major boost to the SHIB token. Shytoshi Kusama recently confirmed on discord that trillions of SHIB coins will be burnt with the release of the Layer 2 platform Shibarium.

As per the MVRV-Z score indicator, the SHIB price is largely undervalued even now and holds the potential to rally another 75 percent two months from now…Read More

Samsung taps VeChain for intelligent ship data application

VeChain has continued to garner traction and receive major recognition. In the latest development, Samsung has tapped the leading blockchain for the deployment of its intelligent ship data application. With support from the World-leading certification authority DNV, Samsung Heavy Industries, the first Korean shipbuilding firm to take this step, has successfully deployed its “Intelligent Ship Network Security Application ” on the Vechain network.

In order to reduce the chances of information alteration when data is shared with ships and other off-shore tools on the recovering end, VeChain serves as a security solution for shipping companies, shipyards, and other bodies involved…Read More

ShimmerEVM finally launching as $MIOTA remains top 10 crypto for most active developer ecosystems

IOTA and its staging network Shimmer also made headlines during the week for various developments. For starters, ShimmerNet’s lead contributor noted that while close, they are not rushing to launch the ShimmerEVM citing the risks of the network going down.  Since the launch of the Shimmer network last year, the team has been working on the launch of the ShimmerEVM chain which is compatible with the Ethereum Virtual Machine (EVM).

The team at ShimmerEVM had been testing several UX improvements which include incorporating convenience functions such as using Shimmer to pay gas directly for L1-L2 transfers.This revelation follows a report that showed that IOTA is among the top 10 most active developer ecosystems. With Shimmer, IOTA could climb even higher as more developers join the ecosystem…Read More

Der Beitrag CNF Brief: 5 of biggest stories this week- Ripple, Shiba Inu, VeChain, IOTA and Bitcoin erschien zuerst auf Crypto News Flash.

VeChain blockchain continues advancing towards becoming the backbone of real-world blockchain-powered sustainability. The VeChain Foundation has revealed that it is using the VeChain blockchain to address the United Nations’ (UN) 17 sustainable development goals (SDGs).

The VeChain Foundation notes in an accompanying blog post that the sustainability-focused digital ecosystems it is building also empowers people. This is because it gives new value to data and drives positive social outcomes for all.

The UN’s SDGs highlight a wide range of sustainability topics. These include poverty, hunger, health, education, clean water and sanitation, clean energy, decent work and economic growth, sustainable cities, responsible consumption, and more.

VeChain solution

According to the VeChain Foundation, VeChain has built and is building more blockchain solutions to address these pressing sustainability issues. VeChain’s supply chain ecosystem projects enable blockchain-based ethical resourcing, health, and financial empowerment projects.

These VeChain-based projects have helped global brands, regulators, and consumers access tamper-proof records of origin, movement, and authenticity. This has translated into greener cost-effective production and supply chains and better health outcomes.

Meanwhile, VeChain’s roadmap for 2023 and early 2024 will continue to focus on implementing sustainability-focused improvements. These include launching a Carbon footprint explorer and carbon footprint modeling layer within the first half of 2023. The post notes.

A key concept of our current development is the ‘digital ecosystem’. Such systems represent an evolutionary leap in terms of interconnection, information sharing and collaboration, enabled by the power of VeChain’s blockchain,

This is not the first time VeChain is highlighting strides made in onboarding sustainability use cases to the blockchain space. VeChain CEO Sunny Elu stated in a recent interview that with VeChain’s focus on sustainability, it is poised to become the network to spearhead the mass adoption of blockchain technology.

The evolutionary tale of #VeChain is long.

In 7+ years since launch, our #blockchain has undergone many upgrades, serving hundreds of enterprises across multiple sectors.

We're just getting warmed up. Trillion dollar industries will be disrupted by $VET#Sustainability #Web3 pic.twitter.com/BAZlPivvu8

— VeChain Foundation (@vechainofficial) January 16, 2023

Will VeChain mass adoption drive a VET price surge?

VeChain aficionados are highly optimistic about the network in 2023. This optimism is also shared by the VeChain Foundation which recently shared that with a war chest of assets valued at $397 million as of Q3 2022, it can weather any crypto market storm.

The price of VET, the native token of the enterprise-grade L1 VeChainThor blockchain, has traded impressively in the market. On the day, VET is up 5.13 percent while trading at around $0.023. This is a 47.9 percent climb year to date for the token.

Similarly, the VeChain ecosystem is seeing massive expansion. Even more sustainability projects are launching on the network. Earlier this week, UCO Network revealed that they would leverage the VeChain network to revolutionize the used cooking oil and biofuel industry. The platform intends to use VeChain to improve the transparency and security of its marketplace.

Der Beitrag VeChain teams up with United Nations to fight 17 key areas for advanced sustainability in digital ecosystems erschien zuerst auf Crypto News Flash.

Even though the cooking oil industry is an essential aspect of the global economy, it continues to suffer from a lack of transparency and inefficiencies. However, the UCO network is making efforts to address these issues and its first step is to create a global platform to collect, process, and trade-off used cooking oil. The platform is built on blockchain technology to enhance efficiency and transparency in this industry.

A side benefit of using blockchain technology is that buyers and sellers would not need intermediaries to complete their transactions successfully. Also, blockchain technology ensures the recording of transactions that can be audited or tracked when necessary.

Leveraging VeChain’s technology

Hence, it is no surprise that the UCO network collaborates with the leading blockchain platform, VeChain. Under this agreement, the UCO network can leverage the VeChain technology and expertise to improve the transparency and security of its marketplace. With this VeChain partnership and introducing other features, the UCO network has proven its readiness to make a massive impact in the biofuel and used cooking oil industries.

VeChain x UCO Network ♻️

"This partnership will allow UCO Network to leverage VeChain’s technology and expertise to further enhance the security and transparency of its platform." ⛓️#VeChain $VET #VeFam #Oil #Sustainability #Tech #Business #Blockchain #Crypto #Technology https://t.co/G6dMtng65K pic.twitter.com/fCzJbPeoeU

— eisenreich (@eisenreich) January 17, 2023

The combination of blockchain technology and IoT sensors makes it easy for the UCO network to establish an efficient platform to collect and trade used cooking oil. One key feature the UCO network introduces is IoT sensors, which provide live data of when cooking oil is collected and processed. Thus, boosting transaction confidence among buyers and sellers.

In addition, the network recently launched its collection app to ensure the efficient collection of used cooking oil without harming the environment. Anyone can collect and sell used cooking oil to the UCO network marketplace quickly and conveniently through this app. Meanwhile, the UCOIL (UCO’s native token) will be the governance token within the UCO network marketplace.

Besides using the token to complete transactions on the platform, UCOIL holders can also access features not available to token holders, such as staking and community voting. Furthermore, holders can earn rewards through community participation. UCOIL holders have the chance to support the vision and technology of a firm making efforts to reduce greenhouse gas emissions and the reliance on fossil fuels.

The UCO network’s ESG mission aligns with the current trend among venture capitalists as they continue to focus their investments on sustainable projects.

More VeChain projects and partnerships

Meanwhile, this partnership with the UCO network is one of the many accomplishments the VeChain foundation accomplished last year. Hence, the foundation has outlined the network’s plans for this year. According to its 2023 schedule, the VeChain foundation hopes the network’s developers can complete the carbon footprint explorer for the network before June 2023.

Also, the foundation wants to complete the network’s wallet browser extension and an eth token bridge before the end of Q2 2023. Then, in the last two quarters of this year, VeChain developers hope to release a multichain generic data bridge and an asset lending platform.

Der Beitrag VeChain: UCO Network is revolutionizing the used cooking oil and biofuel industry with VET-Tech and IoT transparency erschien zuerst auf Crypto News Flash.

VeChain, the Blockchain network designed to aid business operations through the enhancement of product tracking, has continued living up to its name.

With support from the World-leading certification authority DNV, Samsung Heavy Industries, the first Korean shipbuilding firm to take this step, has successfully deployed its “Intelligent Ship Network Security Application ” on the Vechain network.

Recently, DNV & Samsung Heavy Industries deployed an 'Intelligent Ship Network Security Application' based on #VeChain technology.

By white labelling its tech for globally renowned giants like DNV & PwC, mass adoption for $VET is all but guaranteed.https://t.co/0SetdzDkHx pic.twitter.com/GEZzy6GaDo

— VeChain Community Hub (@VechainThorCom) January 20, 2023

The VechainThor community shared more details about the deployment in an official medium post, explaining that the Vechain blockchain was leveraged by Samsung Heavy Industries for the purpose of the verification of data transmission “for its ship’s autonomous sailing system (SAS) and electronic logbook (eLogBook).”

The deployment comes shortly after the Samsung Heavy Industries application got a Result of Compliance (SoF) certificate from the DNV, thereby allowing it to carry out operations using the blockchain.

As of late, the shipping industry has leaned towards advancing its network security as it taps into digital technologies for the advancement of shipping operations, as autonomous information sharing becomes widely adopted.

In order to reduce the chances of information alteration when data is shared with ships and other off-shore tools on the recovering end, VeChain serves as a security solution for shipping companies, shipyards, and other bodies involved.

Dr. Hyun Joe Kim, Vice President of Samsung Heavy Industries Ship and Offshore Performance Research Center expresses excitement and optimism about the progress made by the firm.

We are very pleased that Samsung Heavy Industries has become the first shipyard to receive DNV certification for applying blockchain technology to its continuously developing SAS Automatic Navigation System and our SVESSEL eLogbook digital asset management system. We greatly appreciate DNV’s hard work in this cooperative research

Vidar Dolonen, the regional manager of DNV Korea and Japan also made a notable comment, asserting the relevance of Blockchains in the shipment industry. He explained.

Blockchain technology is a fundamental requirement for the future of ships and a necessary condition for responding to the upcoming maritime regulations. Collaborating with a well-known industry institution has become an important milestone towards more secure digital systems for ships.

VeChain’s adoption soar, as use-cases serve multiple companies

The VeChain blockchain boasts many achievements under its belt, as use cases for the blockchain are constantly expanding.




VeChain’s client base includes popular brands like BMW, MicroSoft, PwC, amongst others. Walmart is also one of VeChain’s clients who have recorded massive growth in transaction processing, after adopting the Blockchain for supply chain transparency.

VeChain has also been recognized by U.S. Senator Pat Toomey, who spoke of the blockchain in a positive light, by referring to VeChain as a solid project.

In a similar fashion, Michele M., the head of the supply chain twin transition department at DNV pointed out the benefits that VeChain has brought to Walmart’s customer base.

Der Beitrag VeChain: Billion-$-company Samsung deployed an ‘Intelligent Ship Network Security Application’ on VET erschien zuerst auf Crypto News Flash.

In a recent tweet, the VeChain foundation’s official Twitter account revealed it would organize an ask-me-anything (AMA) session soon as the 2023 Steering Committee elections draw closer. Hence, the foundation wants the VeChain community members to submit their questions for any candidates.

With 2023's Steering Committee Elections coming up, we want to ask #VeFam – what do you want to ask candidates during their live AMA session?

Share your questions in the comments below!

We're open to submissions – sign up via our Medium post👇$VEThttps://t.co/NaWFC33Xws pic.twitter.com/epNTkGKjRR

— VeChain Foundation (@vechainofficial) January 19, 2023

Accomplishments despite harsh conditions

In the last few years, some unprecedented events have affected and continue to affect global economies. Such events include the COVID-19 pandemic, rising inflation, economic meltdown, supply chain disruption, and geopolitical turmoil across Europe. However, the VeChain foundation remained resilient despite these unwanted events.

Also Read: VeChain: Hundreds of billion-$-companies use VeCarbon to manage carbon emissions for a sustainable future

During this period, VeChain has launched several new tools and technologies and has made several new partnerships, with more planned in the near term. Also, its treasury has reached a valuation of $400 million. Furthermore, VeChain launched a new corporate image and sustainability goals during this period.

Meanwhile, it continues to expand its physical locations across Europe, with the latest additions in Ireland and San Marino. Other accomplishments of the blockchain include a sharp increase in the number of foundation developers, the PoA2.0 upgrade, and the implementation of the Finality gadget.

Nevertheless, the foundation isn’t resting on its achievements. It plans to launch more digital sustainability programs, which aligns with its goal of promoting broader adoption of blockchain technology. One of VeChain’s planned initiatives is decentralizing the VeChainthor governance core model.

Accordingly, the first step to achieving this goal is to elect the Steering Committee board members.

Decentralization of VeChainthor governance model

According to the VeChain whitepaper, the Steering Committee board will oversee the operations of the VeChain foundation, and the decisions of the board members are crucial to the operations and strategies of the VeChain foundation. The VeChain community stakeholders vote to select members of this committee.

According to a medium post by VeChain, the Steering Committee members will guide and propose strategies to the VeChain foundation on how the foundation can achieve its core objectives, such as enabling Web2 firms to leverage blockchain technology to achieve their sustainability goals. Also, the committee would be involved in the decisions that lead to accomplishing these goals.

As the first public blockchain that drives the deployment of sustainable applications, the VeChainthor empowers the real-world economy to utilize web3 technology and enable true digital sustainability through its current and future projects, technologies, and tools. Hence, the committee member must be experienced professionals with the requisite knowledge to accomplish these objectives.

Related: VeChain: Trillion dollar industries and companies will be disrupted by VET’ like Walmart, BMW and Microsoft

The medium blog post also shares details of how interested VeChain community members can apply to become Steering Committee board members. The post also explained the scrutinization process for each candidate before they become candidates for election. The post didn’t specify whether there would be an independent electoral body for the election process.

Meanwhile, our data shows that the news has positively impacted the price of the network’s native token (VET). VET is up 0.5 percent in the last 24 hours and trades at $0.0201.

Der Beitrag VeChain announces super important to elections to decide about the bright future for VET and the community erschien zuerst auf Crypto News Flash.

China’s economic development is primarily centered on greening and digitization developments. Digital management improves the precision and systemization of social operations. Also, digital tech development will enable many industries to achieve their low-carbon emission and green objectives.

Furthermore, a crucial part of China’s ‘double carbon’ industry is using new-generation technologies, such as blockchains and artificial intelligence, to enable low-carbon transformations. Meanwhile, the block link carbon ecology is the foundation of Shanghai’s exploration chain. Through the VeCarbon carbon management digitization tool, there has been a remarkable development in the continuous development on carbon management industry.

For instance, it has provided better carbon management digital services to enterprises. Vechain advocate @eisenreich was the first to tweet about China’s utilization of VeCarbon’s carbon emission management system.

VeChain x VeCarbon 🌱

"At present, hundreds of enterprises have used the #VeCarbon carbon management system to manage their own #carbon emissions and the #carbonfootprint of their products." 👏#VeChain $VET #Sustainability #Green #Tech #Business #Bitcoin #Blockchain #SaaS https://t.co/6YIu2Zpa4u pic.twitter.com/gN6XVMEoNv

— eisenreich (@eisenreich) January 18, 2023

Also Read: VeChain: Trillion dollar industries and companies will be disrupted by VET’ like Walmart, BMW and Microsoft

VeCarbon’s carbon emission management

The VeCarbon management system utilizes a zero-threshold carbon management app and has two primary system categories (product carbon footprint management and tissue carbon emission management). Many companies use this carbon management system to manage the carbon footprint of their products, including their carbon emissions. VeCarbon’s customers can access several SaaS services under one platform.

Such services include low-carbon ecological construction and product carbon footprint calculation. There is a section on the platform where individuals can formulate their carbon emission plans. They can enter their raw data, calculate the result and generate a report to help them achieve their carbon emission goals.

The platform also has custom services for Shanghai’s chain exploration features. It has five service modules: Product footprint carbon identification, Blockchain carbon declaration information disclosure, Carbon footprint reports, 2-dimensional code product carbon footprint traceability, and Third-party agency carbon footprint certification.

Low-carbon emissions solutions for enterprises

In addition, there is also a carbon emissions management system for enterprises. Hence, the VeCarbon SaaS platform has 24 carbon inventory templates comprising several application scenarios like factories and parks. Enterprises can use this VeCarbon SaaS to analyze and manage their carbon inventory data.

By managing their carbon emissions using VeCarbon’s carbon management system, enterprises reduce their carbon emissions significantly, save costs and boost their public image. Furthermore, the real-time analysis of carbon emissions can help enterprises develop carbon neutralization plans. Consequently, they can integrate economic and sustainable carbon offset methods.

Enterprises also have access to a product carbon footprint management system where they can track each of their product’s carbon footprints throughout its lifecycle, beginning from its inception. Some custom services available in this system include a carbon footprint, data collection, analysis, certification, and label display. Thus, enterprises can determine how to reduce their emissions by creating new products or improving the existing ones.

Many individuals and enterprises can testify to the accuracy of the VeCarbon carbon management system. One unique feature of this carbon management SaaS app is its simplicity and convenience. Users can adapt it to several carbon management objectives using its data visualization and information management functionalities.

Der Beitrag VeChain: Hundreds of billion-$-companies use VeCarbon to manage carbon emissions for a sustainable future erschien zuerst auf Crypto News Flash.