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VeChain increases by 68 % in the last 7 days

Steel company ArcelorMittal has announced that it will use Vechin based My Care technology to reduce the risk of COVID19 infection. My treatment will be tested at the company’s headquarters in MayFair, Luxembourg, to prevent new infections, store all known infection data quickly on the blockchain and prevent tampering. One of the world’s largest steel companies will use technology based on The vacaine. With implementation, the risk of coronavirus infection within the company should be reduced and documented.

ArcelorMittal has offices in more than 60 countries around the world and has almost 190,000 employees, so that the technology of VeChain and DNV GL will be widely used and adapted. The company has decided to take this step because the infection rate worldwide is rising again and the company’s own employees should be protected as good as possible.

Viking Line was the first company in the
world to implement My Care for its own business processes and employees. In a
first step, 6 terminals and 7 ships of the Norwegian shipping company were
equipped. VeChain has also created a decentralized application E-HCert, which
is used in hospitals in Cyprus to document infection data on the coronavirus in
a complete and tamper-proof manner.

As Crypto News Flash has already reported,
VeChain has developed My Care, an application based on the VeChainThor
blockchain, in cooperation with DNV GL to document the risk of infection from
COVID19, to manage data and to store it in a tamper-proof manner. The VeChain
ToolChain BaaS platform is used for this purpose. DNV GL says:

My Care takes a holistic approach to
building business resilience. It enables readiness to deal with infectious
diseases today and can also drive lasting change in your HSE (Health, Safety
& Environment) policies and management systems to create long-term
organisational resilience.

E-HCert is used at the country’s largest airport in Pafos with over 11 million passengers per year. After only a few days, more than 1,200 people had downloaded the app and actively used it to avoid possible quarantine measures through intensive use of the application. The adaptation of VeChain is progressing more and more in the last days and weeks, so that the course also reacts with a strong increase.

The VET price has risen by more than 68% in
the last 7 days and thus shows by far the best performance within the 30
largest cryptocurrencies. Recently VeChain announced that it will be the
keynote speaker at one of the world’s largest artificial intelligence trade
shows in Shanghai in 2020. For the first time in the history of the conference,
the keynote speech will be delivered by a blockchain company.

Author : Collin Brown

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