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The VeChain Foundation, which aims to support the development of VeChain, a leading blockchain platform, reports that their community’s vision “remains steadfast” which is focused on delivering the “mass adoption of public blockchain” while addressing key business challenges that may be “unworkable without this emerging, critical technology.” VeChain Foundation writes in a blog post published on April 8, 2021, that one of the most significant problems in today’s business environment is that of data-sharing between different stakeholders. According to the Foundation’s blog, trust is still one of the “biggest hurdles” for multi-stakeholder “collaboration.” At present, it may not be possible for businesses to verify the “quality” and “integrity” of data of a third-party “without extensive time and cost requirements and often, the use of assurance providers such as DNV,” the Foundation added.

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