Coinbase has listed VeChain (VET) among the streams of cryptocurrencies it is seriously observing. This comes at a time the German Federal Office for Information Security (BSI) mentioned the power of the blockchain technology in the supply chain industry.
Coinbase has been tormented by several blockchain enthusiasts in the past for failing to list some certain digital assets.
One of them, VeChain, is said to have some undeniable influence in the blockchain space. With its partnership with big firms across the world, VeChain has gained lots of recognition in the supply chain industry for offering traceability solutions with the VeChainThor blockchain technology.
VeChain’s Toolchain came out to be an evolution to the supply chain industry after the important sector received resounding backlashes due to the influx of counterfeit goods. However, several businesses like DHL, Walmart China, H&M, DNV GL, PwC, among others saw the need to tackle the issue headlong by partnering with VeChain.
Now, Coinbase is also placing the native token of the blockchain solution under scrutiny, signifying that the US-based exchange is warming up to list the VET token.
Yesterday, the exchange said it is reviewing 16 digital assets that includes VeChain, DigiByte, Siacoin, and some others.
German Government Recognizes VeChain’s Outstanding Use Case in Supply Chain
The German Federal Office for information Security (SBI) has heartfeltly shared that VeChain Technology in the supply chain industry is outstanding, a publication by the Government office has shown.
In a published study, BSI says VeChain continues to have more partners in different sectors of the world due to the advanced technology it offers in proffering solution to various lasting problems across the globe.
The study showcases 300 blockchains used in the supply chain management, and VeChain is among.
Also recognized are Corda and EOS. The study concludes that VeChain has diverse use cases and is similar to Ethereum.
The recognition appears to be an attestation to VeChain’s increasing adoption in recent time. Days back, NewsLogical published how VeChain’s Toolchain is servicing Sam’s Club, a Walmart China’s offshoot rendering services to 3.8 million premium members in China.
Sam’s Club is to use the Walmart China Blockchain Traceability Platform, a platform that was co-created by Walmart China, PwC China, and VeChain.
Also, VeChain collaborated with Bayer China, a pharmaceutical company, to develop a traceability platform that monitors clinical trials of drugs.
Also, Mediterranean Clinic in Cyprus launched two separate traceability solutions in partnership with VeChain. One is to monitor records of COVID-19 RT-PRC and antibodies tests. These partnership announcements came at a time the world is battling COVID-19 pandemic.