- VeChain releases robust business blockchain toolkit called ToolChain
- ToolChain makes it easier for small businesses to ride the blockchain train
- VET currently trades at $0.0066
On April 20, 2019, VeChain Foundation’s CEO, Sunny Lu, unveiled a robust, all-inclusive blockchain applications development kit called ToolChain.
VeChain, the Singapore-based blockchain supply chain management project has been blazing the trail since the beginning of 2019. On April 10, rumors went rife on the internet regarding a potential partnership between VeChain and accounting giant Deloitte. Further, on a more recent note, the project launched VeChainWorld to revamp user experience of its blockchain ecosystem.
Now, in a bid to make blockchain technology more accessible to everyone around the world, VeChain’s CEO, Sunny Lu, has unveiled at VeChain Summit 2019 the all new ToolChain.
What is ToolChain?
Blockchain has often been hailed as a revolutionary technology but has faced the challenge of being not easy comprehendible by people with no background in the tech field.
Addressing this issue, the ToolChain solution will enable everyone in the world to freely develop an application on the VeChainThor blockchain. Whether one has a technical background or not, ToolChain will ensure that everyone is at level playing field to develop a blockchain-based app on VeChain’s platform. The blog post notes that ToolChain is the result of consistent efforts of 60 technical people over the last three years.
Further, the ToolChain box comes equipped with all of the necessary hardware, software, and service protocols required to onboard a business to the VeChainThor blockchain in as much as just 30 minutes.
Making it Easier for Smaller Businesses to Get into Blockchain
The latest offering from VeChain also makes it easier for smaller businesses to enjoy the firm’s services. For business owners, VeChain will create a ToolChain account that will enable their venture to instantly access the ToolChain Admin Center. The admin center is essentially a workplace where businesses can select the NFC or RFID tags most suited for their use-case.
The interesting part of this is that once on-boarded, businesses can easily upload product descriptions, attributes, photos and videos and also manage who in the supply chain of their products can upload information on the VeChainThor blockchain.
Businesses will also be able to customize information visible on the blockchain, making clear who gets to see what piece of logistics. More details about the ToolChain product can read at the official blog.
At press time, VET sits at 25th position on the CoinMarketCap crypto table with a market cap just above $371 million.