CNBC’s Ted Danson Showcases VeChain (VET) Blockchain Crypto Token Project
CNBC Features VeChain (VET) on Advancements with Ted Danson
Advancements with Ted Danson is a show that discusses the latest technology trends. One of the latest segments featured VeChain’s COO Kevin Fang. VeChain is a public blockchain platform that utilizes smart contracts and highlights the benefits of the technology in supply chain logistics.
The segment explains the basics of blockchain, how it facilitates trust between parties, and how the technology can be used in business transactions to transfer value and confirm data. The segment also introduces Bitcoin and explains how VeChain is using blockchain technology with IoT tech and AI to digitize and track product life.
Essentially, anyone in the world can authenticate a product and determine where and how the product was created. The platform also reduces counterfeiting and product tampering by maintaining brand integrity and quality.
The segment also discusses VeChain’s new partnership with BYD, an electronic vehicle manufacturer based in Shenzhen, China. The company manufacture hybrid, combustible, and electric cars.
Together, the companies plan to utilize VeChainThor blockchain to develop a carbon trading system that will analyze the harmful amount of emissions vehicles emit into the atmosphere and to provide rewards for those who pollute the least.
You can see the video here.