VeChain to Hold Rebranding Event in Singapore

The re-branding is rumored to include, but not limited to, changing the name of the VeChain tokens to VeChain Thor tokens operating on the Thor blockchain
16 February 2018   4047

VeChain Foundation has announced the VeChain rebranding event that will occur on February 26th in Singapore.

The re-branding is rumored to include, but not limited to, changing the name of the VeChain tokens to VeChain Thor tokens operating on the Thor blockchain. The coins will have the symbol VET and will involve a conversion of the current VEN tokens to VET in a ratio of 1:1.

This is more than a change in logo or name. What VeChain Thor is becoming is more extensive than what many foresaw when we announced a rebrand. Blockchain X is here, and thanks to PwC and DNV GL, its name is VeChain Thor. 

 

VeChain Statement

In the middle of January DNV GL and VeChain have agreed on a partnership to use blockchain to improve the transparency of product and supplier information, significantly increasing the efficiency of supply chains. 

DNV GL is a global provider of assurance services and one of the world’s leading certification bodies, assisting companies in a range of industries to improve their business performance. DNV GL will progressively adopt blockchain to help companies boost the transparency and traceability of their products from the factory to the consumer. 

Our editorial board is working to provide best experience to our readers, and let them get the important details even before the event occurs. 

We managed to talk to the Chief Marketing Officer of VeChain project and receive some comments regarding the upcoming event!

VeChain is rebranding to VeChain Thor, a public blockchain platform that mainly focuses on massive enterprise adoptions and dApp/ICO capabilities. VeChain Thor utilizes a robust economic model and comprehensive governance structure that distributes power across the eco-system keeping the power in the hands of the users alongside the enterprises. The use of THOR, as a generating return on VET, enables the use of massive enterprise adoption as it doesn’t widely fluctuate in value or versatility.
 

Noah Huo

CMO, VeChain

Stay tuned and watch the livestream which will be available for the whole event!

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.