VeChain: Tokenize Everything in Your Company Using the VET Blockchain and Ecosystem
Decent HS unveiled its health and safety-focused platform utilizing VeChainThor to digitize a company’s assets within a given plot or building.
The VeChain ecosystem has features enterprises that can be utilized in building a well-optimized operation for their use.
Blockchain technology is steadily finding its way across different industries and providing a variety of use cases for its application. But issues like low processing power, slow scalability, and high computational fees hinder blockchain adoption from solving real-world challenges. As a result, several protocols have attempted to overcome these shortcomings, but VeChain leads the pack.
The VeChain ecosystem is hosted on the VeChainThor blockchain, which offers quick transaction speeds to real-world power activities at par with quality standards and regulatory requirements. In addition, companies can drive their tokenization process with VeChain’s open-source protocol, allowing them to pool their resources and work toward a common goal.
VeChain’s Uses Keeps Expanding
Furthermore, the VeChainThor blockchain’s primary protocol provides all-around, multi-dimensional features that allow industries to integrate the blockchain’s compatibility into their enterprises.
With its proof-of-authority consensus system, the protocol allows the creation of new nodes with fast computation and low power consumption via smart contracts. Developers could utilize this in consensus upgrades. According to a speech last week by Dimitis Neocleous, VeChain Foundation’s Head of Ecosystem Build, the platform has sustainability roadmaps for applying VeChain’s technology to improve the healthcare ecosystem.
Speaking at B.R.E.W. 2022, the executive outlines VeChain’s roadmap in the coming year, focusing on three core areas: sustainability tools, developer gears, and digital ecosystem requirements.
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