The wave of blockchain technology is reaching all sectors around the world especially when it comes to data accountability and traceability. After romancing a number of firms in Europe with its enterprise-oriented solution, VeChain blockchain technology appears to be edging into the Middle East region with its toolchain.
According to an information passed on by the CEO and Cofounder of VeChain, users of the blockchain technology may be on their way into a new market. The prominent CEO from the Asian Pacific region, in a picture, appears to be discussing with potential investors and partners.
Image Credit: Sunny Lu’s Twitter page.
Lu, in the update, mentioned that new attention has been created for Vechain’s toolchain in the Arabian Peninsula Dubai. The individuals Lu was discussing with in the picture had Arab look, speaking more about the attention VeChain got, as proclaimed by the CEO.
Sunny Lu added that the attention is buzzing something positive for VeChainThor, with the possibility of a new market for Toolchain users on VechainThor.
“Possible new market for Toolchain users on VeChainThor Creating ValuableTXs,” Lu stated.
CEO Sunny Lu is known for his prominence in the development and evangelism of VeChain blockchain technology, and this looks to be fruiting positive result per the latest development.
VeChain, alongside its partners, continue to disrupt the Asian pacific regions with profound technological solution that solves perplexing problems. Recently, VeChain in partnership with DNV GL, launched a WeChat mini program in China to enhance its Digital Carbon Ecosystem vision.
Quarterly Financial Report: 48.6% of the Vechian’s VET Total Supply is Free for Trade
According to the latest financial report released by VeChain foundation tagged “VeChain Financial Executive Report Vol.8”, only 48% of the total VET in supply is free for trade on the open market.
At the end of the second quarter of the year, the circulating supply of VET increased by 1.7%, the report affirms. A total number of 63,030,429,892 VETs were available in the circulating supply at the end of July.
The amount accounted for 72.7% compared to 71% recorded in the first quarter of the year. About 24.1% of VET’s circulating supply, which accounts for 20,930,516,127 VETs, was also kept in soft-lockups.