VeChain, a blockchain focused on supply chain management, has seen its ecosystem grow after receiving an approved US patent for its latest invention.
Vechain, in a tweet citing an older article, confirmed the news. post AprilStrawberry, a pseudonymous member of the community. VeChain now has the exclusive right to VeChain’s latest temperature data innovation.
Patent Details
VeChain’s subsidiary in China, NanoJClean Technology (approved on October 15), secured the third US Patent in just three months. NanoJClean, a VeChain contributor and blockchain-enabled platform for food tracing, is particularly proud of its achievements.
VeChain has the right to record temperature data with its patent number US 12,118.129 B2. VeChain wants to enhance the blockchain and ecosystem through data temperature testing.
This method involves collecting, storing and compressing the temperature data in order to make it fit on a small storage area. This technology aims to guarantee the authenticity and security of the collected data on the blockchain, and prevent data manipulation.
The innovation is a follow-up to VeChain’s most recent US patent for data security. NanoJClean is the same technique that was approved in order to manage keys security and improve authentication of user identities using blockchain technology.
VeChain builds upon the innovation of identity. announced The launch of VePassport was on Tuesday. VePassport, according to an update on VeBetterDAO’s website is a new decentralized identity system that was created in order to reward users for their creativity and ensure a fair distribution of rewards.
VeChain Price Prospects
VeChain’s price has dropped over 3% in the last 24 hour to $0.02343. However, there are some things to consider. analysis This chart from The Crypto Basic shows the coin’s breakout potential, as long as it holds its 50-day EMA.
Analyst Egrag also added recently predicted VeChain price to rise by over 4,324%, with a target of $1. According to the analyst, previous bull cycle performance has shown that the token will soon reach the “Turbo Trigger.”
Egrag, for example, had predicted a significant increase to VeChain of $1 or even $2. Market speculator conducted the study noted The coin price chart is about to enter the third wave of the Elliot Wave Theory, which was formed in its 1W timeframe.
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Source: thecryptobasic.com
