Walmart, one of the world's largest retail chain stores, announced that it has partnered with Sam’s Club VeChain (VET), its subsidiary operating in China. Built on a platform that facilitates supply chain management with blockchain technology, VET will help Sam’s Club's Blockchain Traceability Platform project. Sam’s Club products will be introduced to customers through QR code in the project, which includes the world-famous auditing and consultancy firm PricewaterhouseCoopers (PwC) China. Customers will be able to access the origin and detailed information of the products by reading the QR codes that will be found on the packages. A modified version of the VeChain platform will be used to automatically load data from the supply chain to the Blockchain and to use various software and hardware sensors.
What is VeChain?
VeChain is a blockchain platform designed to improve supply chain management and business processes. Its purpose is to facilitate these processes and the flow of information for complex supply chains using distributed ledger technology (DLT). In the future, it plans to become a platform for trading between ICOs and the Internet of Things (IoT) devices.
Features of VeChain blockchain
VeChain strengthens supply chain systems and improves product lifecycle management to give organizations a 360-degree view of core regions for specific products such as storage, transportation, supply chain.
Later, sensors, Radio Frequency Identification labels or smart chips are used on the blockchain, which can be accessed by the nodes participating in the network.
VET tokens are used to transmit value from smart contracts on blockchain. VTHO tokens are used to strengthen transactions in the VeCgain blockchain and are equal to the cost of making transactions on the network.
VeChain Thor blockchain uses Proof of Authority reconciliation algorithm. Here, 101 Masternodes (main nodes) are responsible for the reconciliation of transactions in the VeChain blockchain. In order to become an authority main node, it is essential to reveal its identity.
Users with KYC and 1 million tokens are advantageous
If VET holders are registered with KYC (know your customer) and have 1 million tokens in their account, they will have 30 percent of all votes, but participants without KYC with the same number of tokens receive only 20 percent of all votes.
According to the Chinese Blockchain Patent Report; VeChain received 26 blockchain patents and was ranked third in terms of the new patent in 2018. In 2019, the 1.4.3 version of the VeChainThor wallet appeared.
Bitcoin, Ripple and Ethereum followed a stable course after a broad correction, while an altcoin rose strong. Altcoin named HedgeTrade (HEDG) has partnered with the Bittrex Global exchange. This news has increased the price of crypto money by 32 percent.
Popular altcoin HedgeTrade partnered with Bittrex Global
HedgeTrade (HEDG) has signed an important partnership with Bittrex Global exchange. Cryptocurrency users can now trade profitably on the Bittrex Global exchange using HedgeTrade market forecasts. Bittrex Global made the following statement regarding the issue through its official website:
BITTILIZED BY BITTREX GLOBAL, TO MAKE A SOCIAL MARKET PLACE WITH A CRITICAL PREDICTION TO ENSIRE SHARPENING CRYPTO MARKET PREDICTIONS INDEPENDENT EXPERIENCE AND SOCIAL MARKETPLACE. HEDGETRADE USERS CAN CREATE TRADING FORECAST (BLUEPRINTS) BASED ON BITTREX GLOBAL ORDER BOOKS AND USE HEDG TOKINS FOR SUCCESSFUL FORECASTING. THESE TRADE PREDICTIONS CAN BE USED BY OTHERS IN BITTREX GLOBAL TO MAKE NEW PURCHASES AND BETTERS.
HedgeTrade price rose sharply with news: more than 30 percent increase!
The popular cryptocurrency HedgeTrade (HEDG) rose strongly with this partnership news. Cryptocurrency climbed from $ 2.21 to $ 2.91. These figures indicate a 32 percent increase in altcoin. HedgeTrade is trading at $ 2.90 at the time of writing. The strong altcoin currently has a market value of $ 836 million. HedgeTrade manages a last 24-hour transaction volume of $ 1.3 million at the time of writing.
What is HedgeTrade (HEDG)?
The HedgeTrade platform brings together expert investors and novices in a win-win social trading ecosystem. Experienced traders can earn HEDG tokens by sharing successful trading predictions. Users accessing these Blueprints can trade on Bittrex Global to profit from trade. The more accurate and successful the investors are, the more visible they will be in the market of forecasts and make more profits.