Enterprise blockchain platform VeChain announced this week that it has secured a patent in the United States related to using blockchain for transaction processing. The patent was filed in April 2019 and approved on October 24, 2023.
Keypoints
- VeChain has secured a patent in the United States that focuses on its potential as a transaction processing protocol. The patent was approved on October 24, 2023.
- The patent underscores VeChain’s ability to process multiple transactions at a time, which can help drive commercial adoption. VeChain aims to be a leader in supply chain efficiency and sustainability.
- The patent will allow VeChain to further expand into the US market in a regulated manner. This is significant as the US accounts for around 25% of global economic activity.
- Getting regulatory approval in the US has been challenging for blockchain companies. VeChain securing this patent is a positive sign for the overall…
