The main problem facing businesses today in terms of information technology is the need for trust. As you can imagine, transferring sensitive information related to product development is very difficult for the parties involved to trust each other. Furthermore, such centralized storage of product information and other data is highly vulnerable to hacking. This centralized repository also always has a potential threat to the data that can be attacked by hackers surprisingly.
With these issues in mind, Vechain's development team creates a platform where information can be stored in decentralized, high-speed and completely transparent platforms. The team will also make changes, upgrades, and adjustments that make the platform able to meet current needs and address future challenges of the platform. In this way, Vechain can completely successfully maintain the integrity and ensure the safe storage of information.
There are also many rumors that Vechain cooperates with BMW – an extremely famous car company from Germany. However, till now none of the companies announced anything official.
And if this is true, it shouldn't be too surprising as BMW will not be the first car company to partner with a blockchain company. Previously, Volkswagen partnered with IOTA to use its huge database. The growing demand for Internet-of-Things implementations is forcing companies to access vast troves of data and Blockchain companies are tapping into that area by making efficient use of Ledger Technology Distributed (DLT).
I strongly believe it's now the time for mass adoption. Show Less
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