Blockchain
VeChainThor: The Superior Platform To Seize Nascent NFT Opportunities
NFTs have taken the world by storm, witnessing the rise of NFT adoption, with digital artwork auctions fetching as much as $70 Million USD and NFTs even being included in the Oscars 2021 gift bag and making headlines in the media. More recently, eBay Inc. allowed the sale of NFTs for digital collectibles like trading cards, images and video clips on its platform – the first e-commerce company to tap into the NFT frenzy.
With artists, celebrities, producers and other creatives adopting NFTs in droves, we see the emergence of NFTs as a new mainstay for arts, culture and collectibles, but the technology is capable of far more. NFTs have the potential to positively impact every aspect of our daily digital lives, unlocking and sustainable value for enterprises. This is where VeChain’s Enterprise NFT (eNFT) Ecosystem comes into play.
eNFTs – A Fortress of Enterprise Value
An eNFT is made to allow all stakeholders, including enterprises and users, to reach consensus on the issuer, owner and transfer history of an NFT through the utilization of public blockchain. By designing and developing eNFTs with clear purpose, the enterprise gains the capability to map every single digital asset on a traceable, decentralized ledger, no matter whether product, service or even business process.
The process of tokenization is the key step to joining the upcoming eNFT value network. eNFT technology makes it possible for enterprises to change the way that their assets are circulated and traded, even creating new service areas, expanding and enhancing product claims and allowing businesses to trustlessly detail their attributes. eNFTs also maximize the value of their corresponding assets, providing a layer of trust and transparency around an item or service. This will eventually change the way enterprises engage with end-users and drastically enhance user engagement and experience.
VeChainThor – The Best Choice For Enterprise NFTs
When it comes to enterprise-tier blockchain infrastructure, the VeChainThor public blockchain is widely considered the best-in-market. With an impressive array of real world and matured solutions, VeChain is completely unique in its level of real-world delivery. In addition, VeChain has demonstrated:
Reliable underlying technology: VeChainThor’s ‘Proof of Authority’ (PoA) consensus is far more ecologically sustainable, with massively reduced environmental burden vs PoW. The platform has repeatedly proven to be one of the most practical and robust solutions for building enterprise-grade public blockchain solutions. VeChainThor delivered unique infrastructure-level blockchain tools with VeChain ToolChain™, a one-stop data BaaS platform, tailor-made for rapid development of enterprise applications on VeChainThor. With VeChain ToolChain™, enterprises can focus on building business solutions rather than be hindered by technical challenges.
Seamless integration with IoT: eNFT applications can directly and easily use VeChain’s NFT standard protocol and its enterprise-level API. It is even more powerful when integrated with IoT devices such as NFC chips. Enterprises can easily attach NFC chips to products with valuable information registered and verified on blockchain, enabling the tokenization of valuable assets.
World-leading professional services: Since 2015, VeChain has worked shoulder-to-shoulder with hundreds of enterprises, no matter whether SME or Fortune 500. Our numerous successful use cases speak for themselves and place VeChain in a unique position versus any other blockchain protocol. Enterprise users can easily access professional services from VeChain’s strategic partners, including DNV and PwC. For instance, Tag Trace Trust, one of DNV’s digital product, allowing the enterprise to issue a statement, certificate of conformity or product passport to share the quality, performance and environmental impact of products and assets. These processes will become the backbone of the digital economy and VeChain is the pioneer.
“eNFT ecosystem will provide a revolutionary platform for the next era of value networks, providing unlimited scope for the digital assets of enterprises. VeChainThor opens a new door for traditional industries, unlocking latent value through the exploration of adoption of blockchain technology.” Dr. Peter Zhou, Chief Scientist of VeChain said.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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