With the purpose of fostering transparent communication on our accomplishments on creating tangible economic value by blockchain technology, we hereby present the 12th VeChain Foundation Financial Executive Report, covering the period from May 2020 through to July 2020.

As the leading enterprise-friendly public blockchain platform, VeChain is one of the pioneers of connecting NFTS with the real world.

As the world’s leading enterprise friendly blockchain platform, VeChain has officially joined the China Animal Health And Food Safety Alliance (hereafter referred as CAFA) as one of the council members. VeChain will be the sole public blockchain technology provider in the alliance, providing technical and infrastructural support for the council members.

In the face of the long-term impact of the COVID-19 on the global economy, VeChain, together with DNV GL, have jointly introduced a blockchain-based risk self-assessment application named VeTrust.

August 24, 2020, Singapore —Since the announcement of the VeChain Community Design Contest, the Foundation received many amazing works from our talented community. Over 130 submissions have been collected, among which the All-stakeholders voting on VeVote was held to decide the final winners.