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Vechain and pharmaceutical company Bayer are entering into a partnership

By Marcello86 | What is vechain | 28 May 2020

VeChain will develop a platform for Bayer, a pharmaceutical company using Toolchain.

ToolChain is a blockchain platform that provides services. Examples are lifecycle management, supply chain process control, data deposit, data and process certification. ToolChain can be used by both small and large companies. Applying this blockchain technology improves and expands new business models. The data on the blockchain cannot be changed. Bayer is a globally known company with offices in many countries around the world. The company has a history of more than 150 years in the fields of health care and agriculture. Develop light in new molecules that are used in various products and solutions to improve the health of plants, humans and animals. The Chinese part of Bayer has chosen VeChain as a '' technical '' supplier for a new blockchain solution. The goal is that clinical medicines
of Bayer can be tracked throughout the supply chain using blockchain technology. How the system in short work? The system loads a unique batch number related to a specific medicine on the blockchain. The medicines can be monitored on the supply chain. Because the blockchain cannot be changed, every medicine can be monitored and monitored.

Other projects:
- Walmart China continues to expand the use of the VeChainThor blockchain for supply chain tracking and regularly brings new products to the Chinese markets.
- VeChain has developed an app together with I-Dante. I-Dante is a company that focuses on digital healthcare solutions. The app is now used in the emergency department of the Mediterranean Hospital of Cyprus


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What is vechain
What is vechain

what is vechain? Vechain is a blockchain solution that supports smart contracts and is one of the first cryptocurrency technology companies in the world. The company was founded by CEO Sunny Lu in the year 2015 and launched its Initial Coin Offering (ICO) in August 2017. Vechain started on the Ethereum platform and launched its own in June 2018 Blockchain. Main purpose of this is to solve the problems of counterfeit goods in the market worldwide. More interest in this project see

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