VeChain’s (VET) move for massive adoptions is seeing the bulls. The brainchild that came on board in the first quarter of 2018 is paying off. As more coins look for potential regions, VeChain (VET), on its part, is solidifying the foothold in Italy. Regardless of several hypes trailing the coin, it has continually shamed the detractors by putting forward its substances.
Vechain (VET): The Power of a Story
In Q1 of 2018, VeChain ignited the interest of DNV GL. DNV GL; an Oslo-based company is an internationally accredited classification and registrar society that provides registration services to many industries such as food and beverage; renewable energy and healthcare.
The company went into collaboration with VeChain (VET) with the purpose of creating a decentralized application (DApp) for the provision of assurance and certification in products. The DApp, known as “My Story” uses DNV GL’s expertise in data collection and verification services to provide a blockchain-based digital assurance solution.
At the launch, the Italian wine industry was the first to buy the idea. Soon after this, the top wine producers, Ruffino, Michele Chiarlo, Torrevento, and Ricci Curbastro were among the first to collaborate VeChain (VET) and DNV GL.
VeChain (VET) is making Waves in Italy
The coin is no doubt, hitting on areas yet untapped by the blockchain. The solution from My Story helps in cutting down customer dissatisfaction with products. In its place, the blockchain-based solution helps in product authentication and increasing customer satisfaction.
More Tales for My Story
The DApp (My Story) serves as a traceability tool that lets customers trace the origin of products. For instance, there are QR codes on wine bottles. By scanning the codes, consumers can trace the manufacturing process of such wines. The essence is to discover the history of each bottle of wine; from grape to the finished product.
Regardless of the fact that My Story was welcomed on the launch, three (3) wine producers in Italy took it upon themselves to set the DApp in motion. To this end, has started its job with Ruffino Wines, Ricci Curbastro and West Wind Wines. These Rome-based winemakers are unleashing the power of My Story in their wines. By this foregoing, consumers will have in-depth access to the authenticity, ingredients, and origin of wines.