- VeChain enters partnership with U.S. startup
- The partnership will lead efforts to verify the authenticity of 200K KN95 masks
- VeChain’s native VET is trading at $0.003874
VeChain News Today – Real Items, an online marketplace that is focused on promoting transparency and consumer protection within the supply chain with VeChain’s technology, has announced a collaboration with Tricol Group. Tricol Group are makers of protective masks.
Per the report, the goal of the partnership is to integrate VeChain NFT into 200,000 KN95 masks. This allow buyers to prove the origin and authenticity of the masks.
Real Items Puts Over 200K+ KN95 Masks on VeChain’s Blockchain
In the battle against COVID-19, the US-based firm, Real Items has joined forces with China’s Tricol Group. The partnership will make the fight against the coronavirus easier. Per a tweet by Real Items, China’s Tricol Group can make more than 200,000 KN95 masks daily.
According to the report, all orders that were made through the firm’s partner as well as on realitems.io, the marketplace of Real Items, are going to use a VeChain NFT. With this, it will be possible for all buyers to verify the authenticity of their products.
For people who do not know about the development, the VeChain NFT (Non-Fungible Token) Standard was issued by the VeChain Foundation last year. The purpose of this solution is to allow the VeChain network to offer basic functionality for NFTs in smart contracts. Note that NFTs are irreplaceable. They are also impossible to swap. NFTs are also used to embed unique data like information about the ownership of a product and much more.
Real Times’ Respirators Have Been Given the Approval of the FDA
What’s more? Roger Lee, the health executive at Dossier Health, a US-based firm took to Twitter to announce that Real Times authentic respirators have gotten the approval of the Food and Drug Association. Real Items has also made it clear that the authentic KN95 masks are classified as equivalent to N95 respirators. These masks allow to trace their origin with Blockchain digital certificates. Since VeChain Thor mainnet was launched in 2018, the protocol has seen a huge amount of adoption and use cases.
On April 7, 2020, a leading South Korean bitcoin trading location announced that it now supports the $VET/KRW trading pair. This will make it possible for users to purchase VeChain with local currency. At press time, the price of VeChain’s native currency, the VET token was changing hands at $0.003874. The coin has a total market cap of $214.81 million per CoinMarketCap data.