By Solomon Odunayo
As a report has it, the Enterprise Singapore and Singapore University of Social Sciences recently launched a blockchain for trade and connectivity network.
What is significant about this new development is that the VeChain blockchain is fully involved in the project, according to an update shared by VeChain Foundation on 7th December 2020.
VeChain Foundation tweeted, “The Enterprise Singapore & Singapore University of Social Sciences has launched the Blockchain for Trade & Connectivity Network! VeChain is a founding member of this regional supply chain initiative & the joint-MoU was stored on the VET blockchain!”
The Enterprise Singapore & Singapore University of Social Sciences has launched the Blockchain for Trade & Connectivity Network!#VeChain is a founding member of this regional supply chain initiative & the joint-MoU was stored on the $VET blockchain!https://t.co/f98Yl2zevW
— VeChain Foundation (@vechainofficial) December 7, 2020
According to the release referenced by VeChain Foundation, the new initiative is aimed at providing reliable supply chains and boosting trustworthiness in Singapore.
The report also states that there is a groundwork on risk assessment, to bring about the adoption of blockchain solutions by more Small and medium-sized enterprises (SMEs).
VeChain Blockchain Solution for Covid-19 Adopted By Top Hospitals in Cyprus
As Covid-19 infection increases across the world, health professionals are looking for a means to combat the negative effect of the increase. In this regard, VeChain (VET), a distributed ledger technology (DLT) project that centers its focus on using blockchain technology to solve real-world problems, partnered with I-Dante sometimes in May 2020, to develop a medical data management platform.
The medical management platform has been gaining notable traction in Cyprus since the launch was made official. A report has it that the Mediterranean Hospital has been using the health management system to record the test results of over 8,000 people in the region.
Read Also: US-Based Health Firm Adopts VeChain (VET) To Combat Supplement Counterfeiting
The latest report that has been trending within the Vechain community in the past few days is that the solution has attracted Aretaeio Hospital, stating that the Cyprus-based hospital is now ready to leverage the blockchain solution for its various lab testing services.
In order to make the entire process simple, the VeChain and I-Dante team have started planning to create an upgraded version of the E-HCert blockchain App that will serve as a Digital Lab Test Wallet.
AFFILIATE: Trade your preferred cryptocurrencies seamlessly at Bitget.com