Vechain (VET) has continued to show its willingness to provide blockchain solutions that tackle diverse problems in different sectors.From its unique tracking solutions which provide information about products to its MyStory solution which has been incorporated by several winemakers.
Vechain (VET) today announced the launch of its latest blockchain solution called Vkey Based threshold Signature turn based solution. The Turnkey Solution was properly explained by the blockchain platform on its Medium page highlighting its advantages as well as its application to specific cases.
From a first glance at the long explanatory article written about the new solution, it is safe to say that this could become a revolutionary milestone for Vechain.
Vechain (VET) Turnkey Solution Could Solve A Long-Standing Issue In The Management Of Digital Assets
We believe that Vechain Turnkey Solution could be perfect for Digital Assets Management with good reasons. Blockchain is built on the basic premise of decentralized transactions and secured protocols.
However, the quest for security howbeit good could also be a mitigating problem as many enterprises strive to maintain a balance between efficacy and securing of digital assets.
Despite the increasing role of digital assets in today’s economy, it is important that there is a decentralized way of managing the security of digital assets. Many organisations use the method of allowing a single person to have access to the secure code or password to ensure that information is difficult to leak out.
However the recent case of QuadrigaCX as rightly pointed out by Vechain in the article provides a situation where such approach good go wrong.
The company which was a major crypto exchange is on the verge of bankruptcy as a result of the sudden death of its CEO Gerry Cotton who was the sole holder of the digital security keys.
Why Vechain (VET) Turnkey Solution Is The Real Deal
VeChain (VET) Turnkey solution would address this issue by providing firms with a decentralised formed of digital assets management that mitigates the risks of theft or multiple signatures.
The tool comes with advanced security features incorporated into hardware and software solutions.
Some of the features include Compulsory double authentication in which you would be required to input a pin and also a pass a biometric identification process via your fingerprint to access digital assets.
In-addition there is a software-based security mechanism which ensures that your secure pin is not compromised by hacks or keyword manipulations. The complimentary back-end verification within the Vechain platform which is very secure and also a hardware security verification.
Vechain (VET) Employed Military Style Protocol In The Construction Of The Turnkey Chips
Vechain (VET) has also taken their time to construct the chips that are used in this blockchain solution and have encrypted military-style security protection to meet the high-level demands of enterprise security.
Vechain (VET) are yet to announce the first set of organisations to implement this new solution. But from what has been showcased so far the blockchain platform has produced a key digital assets management solution that looks perfect for the corporate world.
