VeChain Develops Government Traceability Platform For Inner Mongolia

VeChain, the leading business blockchain technology, has made significant progress in ensuring the widespread adoption of its use cases. Mongolia, China, is the most recent place to deploy VeChainThor use cases.

The foundation considers the new development to be a significant step forward for both the firm and the blockchain ecosystem as a whole.

VeChain Foundation posted on Twitter:

According to the announcement’s blog post, the functionality of the blockchain company has been tested and trusted through the trial deployment prior to acceptance by the government of Inner Mongolia.

According to the blog post, the success of the initial roll-out validates the cost effectiveness and competence of the firm’s solution, as well as its capacity to fulfill tight regulatory rules. As a result, the platform will welcome more enterprises and product lines in the next years. The blog reads:

“In terms of network activity, the platform is expected to be second only to Walmart’s traceability platform on a consistent basis, with transactions generated at every step of the process.”

According to the research, VeChain Solution is now used as a model and source of inspiration throughout China, particularly in regions wishing to create their own traceability systems in accordance with government standards.

Patrick

Coincu News