The project VeChain announced that its blockchain has officially launched and it was generated by the first unit.
At exactly 08:00:09 the first block was successfully mined. The VeChainThor Blockchain has officially launched. pic.twitter.com/aYZs19GoAO— VeChain Foundation (@vechainofficial) June 30, 2018
This is an important step on the migration path of the token network with the standard ERC20 on their own.
According to the schedule the actual migration of tokens will occur in mid-July.
Singapore blockchain project is working on the Blockchain technology-as-a-Service (BaaS) and has ambitious plans to enter the logistics market. The company’s decision is aimed at fighting counterfeiting.
VeChain recently announced that she is working with a logistics company DB Schenker to collect and evaluate data on products delivered in China.
Logistics – not the only application for VeChain. Recently, the company released an updated technical document and a “road map” that defines how its Protocol can be used for vehicles, government purposes, digital IDs, etc.