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VeChain s New Patent Could Help Offset Carbon Emission

VeChain Global Technology has petitioned for a patent with the U.S. federal agency Patent and Trademark Office (USPTO). Filed on April 22 nd, 2021, the application seeks to register methods, devices, blockchain nodes, and a system for carbon recording and trading, per the document published by the agency. The patent has been attributed to Jianliang Gu, Xinli Tian, and Ziheng Zhou, VeChain’s Chief Technical Officer (CTO). The document describes the method to obtain data related to carbon behaviors on different objects and then converting that data into corresponding carbon data. Later, the information will be stored in a blockchain-based platform for subsequent trading as a transaction.

VeChain applies for US patent targeting supply chain industry

VeChain applies for US patent targeting supply chain industry Source: Akarat Phasura - Shutterstock VeChain has filed a patent application in the United States for tracking NFC tags using the blockchain in a supply chain context. The U.S. Patent and Trademark Office (USPTO) has not yet made an evaluation. As discovered by the VeChain community on Reddit, an application was filed with the U.S. Patent and Trademark Office by VeChain Global Technology, S.AR.L (Luxembourg) back in February 2019, and has now been published on December 10. The patent application describes a method that uses an application server, a blockchain node, and computer-readable storage media to logistically track an object.

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