Blockchain-based traceability platform VeChain will be used to power the issuance of a limited-edition run of licensed Nike Air Max 1 shoes. Announced on June 24, Australian shoemaker Chase Shiel and retailer The Kickz Stand have partnered to produce a limited run of the sneakers — which are also based on Stussy’s ‘SB Dunk’ shoe that was launched in 2005. The shoes will go on sale from June 28 and will be sold exclusively through Chase Shiel’s website. VeChain authenticates custom footwear The Kickz Stand announced the upcoming limited release of the Air Max 1-inspired shoes on June 24, with …

As the price of Bitcoin (BTC) has been consolidating in a range, altcoins have been moving left and right. A few have managed massive triple digit rallies and others like Zilliqa (ZIL) have rallied 1,400% since March 12. VeChain (VET) has been another strong performer and to date the altcoin has rallied 650% since bottoming in March and another 150% in the past thirty days. After such strong moves it natural to see some exhaustion amongst buyers but let’s dive into the charts to see what each looks like. Crypto market daily performance. Source: Coin360 VeChain breaks massive barrier after …

The co-founder of cryptocurrency analysis company Blockfyre believes that a bull run will return, propelling Bitcoin (BTC) to a price of $150,000. In a tweet on Thursday, Simon Dedic suggested that these gains will not be reflected across the entire cryptocurrency market, although the more solid altcoins should also see impressive price action. No return to the cryptomania of 2017 Bitcoin’s dizzying ascent to its current all-time high of almost $20,000 in December 2017 came complete with a media frenzy around all things crypto. Coupled with a boom in initial coin offerings and fuelled by investor FOMO — the fear …

Traceability-focused blockchain project, VeChain, has announced a partnership with China’s Shenzhen Yuhongtai Foods Company. This will allow Shenzhen to track pork products distributed by the retailer’s subsidiary, Meijiada Fresh Foods. The partnership will see detailed information concerning how pork sold by Meijiada was raised and its route to supermarkets, with fresh meat products sold by the chain mandated to be sold on the same day as harvest. Unsold produce is “systematically collected and processed, and will not be sold the next day.” Blockchain to trace premium pork in China Meijada will use VeChain’s ToolChain and blockchain to provide detailed data …

Sam’s Club, a China-based subsidiary of Walmart, has partnered with blockchain-based supply chain management platform VeChain (VET) to trace food products sold by the shopping chain. PricewaterhouseCoopers (PwC) will assist in the Sam’s Club Blockchain Traceability Platform project, which is intended to both ensure food safety and afford greater transparency to consumers in China. Since mid-2019 PwC China and Walmart China have been developing a traceability platform on the VeChain blockchain called the Walmart China Blockchain Traceability Platform. Sam’s Club has 2.5 million customers Sam’s Club is a membership-only high-end shopping chain that operates 26 outlets in China with an …

Blockchain tracking platform, VeChain, announced that it co-developed a blockchain-based medical data management platform in partnership with digital healthcare solution firm I-Dante. The platform, dubbed “The E-NewHealthLife”, is set to see deployment at the Mediterranean Hospital of Cyprus — with the European island’s healthcare sector reportedly operating with numerous inefficiencies resulting from outdated technological infrastructure, VeChain announced on May 16. The Mediterranean Hospital of Cyprus has 300 employees and processed 38,000 outpatient visits during 2019. VeChain launches DLT medical platform in Cyprus The first phase of the platform’s rollout will see it used in the emergency department of the Cyprus …

The debate over which consensus algorithm is right for blockchain is long overdue. While proof-of-work remains popular with Bitcoin (BTC), interest in proof-of-stake protocols has been picking up speed, especially with the planned shift of Ethereum to a PoS, Ethereum 2.0. Which one is better, though, remains up for debate. For example, Ankit Bhatia, a co-founder and the CEO of Sapien, told Cointelegraph: “Proof-of-stake is simply more scalable because it eliminates the race to solve math problems and the need for computation to grow the pot.” According to Bhatia, PoS’s ability to make use of sharding makes it the better …

VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, which has already secured millions in funding for supply chain tracking and financing pilots throughout the Asia Pacific region. The consortium will provide comprehensive solutions for authenticating and tracking food, wine and produce using blockchain, with a particular focus on the $76 billion of exports from Australia to China. Payments will be courtesy of Mastercard outside of China, and Alipay Australia for goods headed to China. Products can be tracked using VeChain as the public blockchain or Mastercard Provenance as the permissioned ledger. Supply chain tracking …

Cos, the luxury subsidiary of the fast-fashion brand H&M, appears to have partnered with blockchain platform, VeChain, to provide detailed supply chain tracing data to customers. While H&M is yet to confirm the partnership, VeChain’s main investor is already speculating as to how the two companies’ collaboration will expand. VeChain CEO reveals new project with ‘fast fashion brand’ During a recent ‘ask me anything’ (AMA) with Sunny Lu, the chief executive of blockchain-based supply chain management platform, VeChain, revealed that the company is working on a new project with a “fast fashion brand” with which it had previously partnered. Lu …

As the United States continues to struggle with a shortage of N95 masks needed to combat the deadly coronavirus, the Food and Drug Administration announced on April 3 that it has approved the use of KN95 masks in the country. Unlike N95 masks that are tested and certified by the National Institute for Occupational Safety and Health, a Centers for Disease Control and Prevention research agency, KN95 masks are regulated by the Chinese government. Although there are minor differences between N95 and KN95 masks, a growing concern around the authenticity of KN95 masks has come to fruition. An FDA spokesperson …

Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31. Shanghai Gas, founded in 1865, is owned by utility services company, Shenergy Group — which claims to occupy more than 90% of Shanghai’s gas market. The firm has an annual supply of over 8 billion cubic meters. Shanghai Gas expands blockchain adoption Shanghai Gas’ trial used distributed ledger technology, or DLT, provided by VeChain to comprehensively monitor its supply chain and identify opportunities for efficiency savings and reduced operational costs. The expanded …

A San Francisco-based startup called “Real Items Foundation” is beta testing a Shopify plugin to ensure that authentic items are being sold to online shoppers. The plugin –- powered by a combination of blockchain technology and a cloud-based application called “TAM” –- enables brands to generate non-fungible tokens (NFTs) that are pegged to physical assets. Consumers who purchase a product containing an NFT can scan that item to verify its authenticity. CEO and founder of Real Items Foundation, David Menard, told Cointelegraph that a number of skincare, cosmetic, wellness and fashion companies are currently private beta testing the Shopify plugin. …