Crypto

VeChain Technology can be Useful During the Coronavirus Crisis

During the coronavirus crisis, cryptocurrency and blockchain startups can play a crucial role. VeChain is using its native technology to verify COVID-19 masks are legitimate first and foremost.

There are a lot of concerns regarding materials and equipment needed during the coronavirus crisis.

The Role of VeChain During the Coronavirus Crisis

Particularly where face masks are concerned, there is a batch of “approved ones” and ample others that simply don’t meet requirements.

Distinguishing between the two sets can often only be done after the fact, which is far from ideal.

VeChain, the blockchain company, is looking to change that narrative in a positive manner.

Through its native technology, the team will keep track of KN95 masks being produced in China.

This is achieved by working directly with production facilities in the US and China, as well as Real Items.

Related Post

That latter company is a startup in San Francisco.

Its main focus lies with adding verifiable QR codes to boxes of KN95 masks.

All of these codes contain data that is recorded on the VeChain blockchain.

By scanning the code on the box, retailers will be able to determine if the products are genuine.

An interesting approach, although it needs to be scaled to a global level fairly quickly.

Many countries deal with fake or inadequate coronavirus face masks, a situation that needs to come to an end sooner rather than later.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

10 Trusted Cloud Mining Platforms to Earn Free Bitcoin Daily in 2026

  Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…

8 hours ago

Jupiter Pushes Onchain Finance Forward With Its Biggest Upgrade Wave Yet

Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter…

23 hours ago

Ripple Payments Lands First European Bank With AMINA Bank AG

Ripple has scored a major regulatory milestone in Europe. AMINA Bank AG, a Swiss-regulated digital…

23 hours ago

a16z’s 2026 Crypto Vision: Stablecoins Surge, Tokenization Grows, and Asia Becomes the Next Battleground

a16z just dropped its annual report, and the message is clear: crypto isn’t slowing down.…

2 days ago

Ethereum Activates BPO-1 Upgrade, Boosting Blob Capacity and Expanding the Network’s Scaling Roadmap

Ethereum has activated BPO-1, a protocol adjustment that increases blob capacity per block from 6…

2 days ago

CryptoBench: AI Meets DeFi, Head-On

CryptoBench just landed. Developed by ChainOpera AI and Princeton AI Lab, under the guidance of…

3 days ago