VeChainThor has achieved a significant milestone by surpassing 2 million transactions, marking a new record for the smart contract network. This achievement not only showcases the platform’s growing popularity but also its scalability and efficiency.
Renowned Blockchain researcher Collin Brown recently announced this accomplishment and highlighted the significant growth of the VeChainThor ecosystem. Major companies such as Walmart, DB Schenker, BMW, Deloitte, DNV, and PwC have actively participated in the platform, driving real-world solutions.
Despite the surge in transactions, Brown believes that the impact on VeChain’s “VET” price will take time to fully materialize. He explains that the ecosystem is still in its early stages, and the real-world applications are just beginning to unfold.
Currently, VET is trading at $0.02926, showing a 6.65% decline in the past 24 hours. Its market capitalization stands at $2.1 billion, with a 24-hour trading volume of $53.4 million.
Amidst VeChainThor’s recent achievement, the collaboration between VeChain and the Boston Consulting Group (BCG) has garnered attention. This collaboration aims to integrate blockchain technology with sustainability efforts, with a focus on environmental, social, and governance (ESG) principles. By leveraging blockchain’s transparency and accountability, this partnership aims to address sustainability challenges and drive positive change.
Integrating blockchain into sustainable practices goes beyond business and represents a commitment to environmental stewardship. The transparency and accountability offered by blockchain protocols are crucial for meaningful progress in environmental conservation. This collaboration serves as an example of blockchain’s potential to revolutionize sustainable practices in various industries.
VeChainThor’s technology has also made its way into the maritime industry. Samsung Heavy Industries has chosen VeChain’s blockchain to verify data transmission for its autonomous sailing system (SAS) and electronic logbook (eLogBook). As the shipping and maritime industry embraces digitization and autonomous systems, the need for robust network security is paramount. VeChain’s enterprise-friendly blockchain platform, ToolChain, actively supports comprehensive blockchain technology, enhancing network security in industries that heavily rely on information sharing.
VeChain’s collaboration with DNV further emphasizes the platform’s commitment to developing blockchain solutions that meet market demands and foster win-win cooperation. As a leading smart contract platform, VeChainThor is spearheading the real-world adoption of blockchain technology in diverse fields.
VeChainThor’s commitment to sustainability extends beyond individual projects, as the platform aims to build digital ecosystems for global sustainability and digital transformation. By providing a robust and efficient platform for distributed data, VeChainThor seeks to drive the next generation of nanotechnology products.