- VeChain secures a new patent, strengthening its role in blockchain-based workflow security.
- Despite advancements, VET’s price remains largely unaffected, showing minor movement.
VeChain took another level as it obtained a new patent in China in collaboration with NanoJClean. The patent, approved on February 25, 2025, is for blockchain workflow node certification. The breakthrough is to ensure security and transparency in digital processes and establish VeChain as a market leader in enterprise blockchain solutions.
#VeChain has secured another US patent through #NanoJClean, which operates in #China.
This patent, approved recently on 25 Feb 2025, is on Blockchain-based workflow node certification method and device#vefam $vet #hodl
pic.twitter.com/UDwyKTCvMK
— AprilStrawberry (@APRIL5TRAWBERRY) February 28, 2025
Furthermore, VeChain secured another US patent for a Key Management System (KMA). The system enhances security for information in transactions via advanced hardware for securely generating and fragmenting transactions in key form. Industry players opine that this could push enterprise use for VeChain.
#VeChain‘s latest win? They just got a new patent approved in the U.S. through their #NanoJClean subsidiary. It’s all about this Key Management System #KMA that makes handling transaction data super secure. Basically, it uses some high-tech hardware to create and split… pic.twitter.com/tq6zZQMxHC
— Crypto-00711 (@00711Crypto) December 20, 2024
Despite all this, some members of the community are still skeptical. Some have questioned if these patents would be for the direct good of the VET ecosystem or mainly for private parties associated with the team.
Industry Experts Praise VeChain’s Commitment to Mass Adoption
Just last month, VeChain introduced Grants 2.0, doubling funds available for blockchain developers who are building sustainable application use cases. The program is providing up to $100,000 in funds, much higher than the previous $30,000 threshold. The second edition features marketing support, mentoring, and microgrants as well.
Sunny Lu, CEO at VeChain, emphasized blockchain technology as key in fostering sustainable behavior. The better grant program, he explained, is aimed at reducing friction for developers and aligning VeChain with global sustainable endeavors.
Industry experts have hailed VeChain’s ongoing expansion as proof of commitment toward mass blockchain acceptance. Web3 influencer Michaël van de Poppe cited VeChain as being amongst the industry’s oldest ecosystems, citing practical application in supply chains and in sustainability.
VeChain is one of the oldest existing ecosystems in the Web 3 space.
One of my favorites as I’ve been holding $VET back in 2017.
They are Driving Mass Adoption of Blockchain through Incentives and Real-World Applications.
What does this mean?
Let’s digest this!
The Web… pic.twitter.com/FmRXOPsKYt
— Michaël van de Poppe (@CryptoMichNL) February 26, 2025
He observed that VeChain’s system allows businesses to encourage sustainable behavior and compensate for it in real time using blockchain technology. Furthermore, the launch of VeBetterDAO and the $BT3R token have opened up a discourse about VeChain’s new tokenomics.
The objective is to establish a reward-based ecosystem wherein enterprises and users are rewarded for blockchain usage. The restructuring is in line with enterprise blockchain uptake and blockchain financial rewards in the longer-term vision of VeChain.
VET Needs to Hold $0.025-$0.027 for Bullish Reversal
Despite recent successes for VeChain, its native currency, VET, had different market reactions. VET rose just 2% on the announcement and is currently at $0.02745 but was down 15% in the previous week.
[mcrypto id=”12332″]
Technical indicators suggest that VET is in a descending wedge pattern, typically a reversal pattern for a bull market. The general consensus is if the price can hold in its zone of accumulation at $0.025-$0.027, there is a breakout expected. A breakout above $0.035 would be a good signal for bull runs at higher targets.
Key levels to be watched for resistance are $0.05925, and targets for upside are $0.07697 and $0.09725. However, if selling pressure is still active, a break below $0.025 would reverse the setup and expose more downside.
The post VeChain Strengthens Patent Portfolio—New Approval for Workflow Tech appeared first on ETHNews.
