With the spirit of VeChainThor Mainnet 2nd Year Anniversary celebration, the Foundation announced the VeChain Community Video Contest 2020 held on 7 June 2020. This is the first event of our Anniversary celebration series.

With the purpose of fostering transparent communication on our accomplishments on creating tangible economic value by blockchain technology, we hereby present the 11th VeChain Foundation Financial Executive Report, covering the period from February 2020 through to April 2020.

This new initiative and product by DNV GL will be enhanced and powered by VeChain’s blockchain technology. In particular, the VeChain ToolChain™ BaaS Platform will be used to support DNV GL to launch this brand-new digital product in a rapid lead time.

Guided by a vision, VeChain has been making steady steps towards the mass adoption of enterprise-level blockchain applications.

On June 2nd, 2020, Shenzhen Yuhongtai Foods Co. Ltd. announced the adoption of VeChain ToolChain™ technology to power their Food Traceability Platform, starting from the premium pork products by their wholly-owned subsidiary Meijiada Fresh Foods.