The VeChain Foundation is no stranger to innovation. As pioneer of many blockchain applications that have tangibly benefitted the real economy, we have a proud history of solving pain points across a diverse set of industries.

Block finality is an indispensable property for a modern blockchain system. It provides an absolute security guarantee for blocks (and therefore, all the transactions packed in them) that satisfy certain conditions. We, at the VeChain blockchain dev team, have been pursuing this property along the way to improving our consensus algorithm.

With the purpose of fostering transparent communication on our accomplishments and creating tangible economic value with blockchain technology, the VeChain Foundation hereby presents the sixteenth VeChain Foundation Financial Executive Report, covering the period from January 2022 through end March 2022.

Following the launch of Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon, the VeChainThor public blockchain began an exciting new chapter on its mission to deliver blockchain-based carbon management services for countries and ultimately, continents.