Large Chinese Municipal Governments Are Adopting VeChain’s VeTrust to Help Deal with COVID19
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VeChain (VET), a Singapore-based distributed ledger technology (DLT) project will use its blockchain-as-a-service (BaaS) to launch DNV My Care, a blockchain-enabled infection risk management solution targeted at assessing, managing, and mitigating “infection risk in management processes, business dealings, and operations for enterprise users.”

This announcement was published on the VeChain official medium page on 26th June 2020. According to a reliable source, the first enterprise to benefit from My Care is a shipping firm based in Finland, Viking Line.

On 17th June, Viking Line announced in a press release that it would utilize My Care verification system to cover its vessels and operations in six terminals. It will also serve as a means to prevent infection risks, such as those related to COVID-19.

How VeChain (VET) Powers My Care

According to the blog post, My Care is made to provide assurance to stakeholders about effective virus risk management practices. It also brings together the unparalleled healthcare standards of DNV GL, risk management practices, and maturity safety rating standards.

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Customers and stakeholders are enabled to scan the QR-code fixed in the My Care trust mark to allow access to the assessment statement of DNV GL.

The most important aspect of it is that the assessment statement will be stored on VeChainThor blockchain to enhance the trust and security of the data.

The capability of VeChain (VET) to prevent and manage workspace infection risks, including the coronavirus, equips companies to tackle the threats from contagious viruses

Reacting to the new development, VeChain co-founder, Sunny Lu, said:

“As we contend with the new normal due to COVID-19, the demand for trust has never been so important. Blockchain will be one of the driving forces to increase confidence in data integrity, business credibility, and mutual trust in multi-party collaboration. With VeChain ToolChain™, we have great confidence to support DNV GL’s digital transformation strategy to develop more digital solutions like My Story™ and My Care to expand and improve their offerings to serve their clients worldwide.”

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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.