Analyst Spots Price Level He’s Buying VET “Heavily”, says VeChain’s Bull Run from March 2020 Still Intact
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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!”

Read Also: VeChain Partners with One of the World’s Largest Professional Service Network to Provide Advanced Blockchain Solutions

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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.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.