VeChain Records 7% Profits And It Could Outperform ETH, Here’s Why - BitcoinEthereumNews.com
VET with minor profits on the 4-hour chart. Source: VETUSDT Tradingview In an official post, the VeChain Foundation revealed its involvement at establishing the “Shanghai Association Standards For Blockchain Service” certification. Created to “expedite” the growth of blockchain based products and services, this certificate became effective in early February 2022. The Foundation partnered with the Shanghai Municipal Administration of Market Supervision and the Shanghai Certification Association to propose the standard. In that sense, VeChain “provided key technical input” based on the project experience, the post claimed. The project Chief Scientist Dr. Peter Zhou in collaboration with other senior blockchain experts also provided guidance to facilitate the creation of this standard. The post added: The most important objective of the standard is to provide a robust and proven assessment structure of present blockchain-enabled enterprise services. The certification has outlined the requirements for entities attempting to provide blockchain as a service products and application including their technical, regulatory, and management obligations. In addition, it provides the necessary evaluation tools and “approaches” to certificate potential companies looking to build their own blockchain based application or use case. The VeChain Foundation claim the standard is “widely applicable”, while adding the following: It also contains universal guidance for technology providers looking to