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- VeChain’s IOT sensors and RFID technology position it as a big player in the billion-dollar market.
- The blockchain’s unique selling point allows it to partner with over 30 leading firms across the globe.
The Vechain blockchain platform is proving itself to be a one-of-a-kind network for businesses across the globe. VeChain’s inbuilt technology tackles a pain point for many businesses, allowing for ease in scalability and credibility. VeChain’s IOT sensor and RFID technology place the network above many of its counterparts, as the technology offers a one-of-a-kind solution.
IoT (Internet of Things) has been a trending topic in the technology industry for its promising use cases. By enabling the connectivity of devices, IOT has impacted the manner in which modern devices function. At present, over 14 billion IoT devices are connected globally.
The number of IoT devices connected is expected to skyrocket to 26 billion by 2030. Vechain is tapping into the billion-dollar industry, as it has established that the optimization of blockchain and IoT technologies are a key part of its mission. Vechain wrote in a previous blog post;
….IoT technology helps to establish the corresponding relation between the real physical world and the world of blockchain. IoT technology can greatly reduce the factors of human intervention and manipulation by the source of data collection and thus ensure the authenticity of all data involved.
VeChain’s unique technology allows it to partner with some top players
The Vechain blockchain is revolutionizing the supply chain industry, with its use of Radio-frequency identification (RFID). VeChain adopted RFID sensors and tags and uses them to track important data in real-time.
Using the aforementioned technology, Vechain can successfully track data such as temperature, location, quality, and shipment movement on its network. This helps companies to cut down on their losses, as shipments are safer and less likely to go missing.
Back in 2017, VeChain revealed that it had designed RFID tags and waterproof tags mainly for clothing products. The tags help to enhance logistics and sales. This specific RFID tag also benefits the Vechain blockchain on a larger scale.
…The RFID tags with super frequency technology are either printed on the inside of the tags or sewn into the inner layer of the clothing products. This can improve the checking efficiency of production and logistic links and the settlement efficiency during the sales links. Meanwhile, this type of RFID tag also helps VeChain blockchain platform to track the source of the goods for the prevention of any anti-channel conflicts.
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Over the years, Vechain has partnered with some of the biggest players across different industries. From 2018 to 2020, Vechain partnered with over 30 leading companies across the globe.
Very recently, Vechain announced a major partnership with the United Nations, with a goal to improve sustainability, by addressing the United Nation’s 17 sustainable development goals (SDGs). Following the announcement, VeChain’s native token VET, surged by 8 percent. The asset is positioned to skyrocket in the future as VeChain’s adoption rate soars.
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