VeChain has secured a new U.S. patent for a privacy-focused identity verification system that authenticates without storing user data on the blockchain.
This latest patent strengthens VeChain's position in utilizing blockchain technology in sectors such as finance and healthcare, where stringent data laws are applicable.
The invention by VeChain and NanoJClean allows for secure verification of user identities on the blockchain while keeping sensitive personal information secure.
VeChain has also made advancements in the areas of user identity authentication, temperature recording for cold chain logistics, and blockchain systems for carbon trade, enhancing its technical capabilities and network scalability.