The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto and Blockchain Platform VeChain Used to Verify Authenticity of Coronavirus KN95 Masks

by Daily Hodl Staff
April 19, 2020
in Blockchain

According to the the US Customs and Boarder Protection (CBP), the global pandemic has sparked an uptick in counterfeit protective gear as scammers exploit the coronavirus for profit. The supply chain management crypto and blockchain platform VeChain aims to curb the spread of fake face masks by teaming up with Chinese and American companies.

Hospitals across the US are reliant on large shipments from China due to a a shortage of masks and other protective gear that’s not manufactured domestically. VeChain is working hand in hand with production facilities to make sure that new KN95 masks imported from China are authentic, reports The Street.

[the_ad id="93550"]

Each box shipped from China comes with a VeChain non-fungible token (NFT) chip as well as a two-factor authentication QR code to verify the legitimacy of the product.

Real Items, a San Francisco start-up, uses a two-factor authentication QR code to record the product’s details onto the VeChain blockchain. It tracks unique data such as product ownership and place of production to ensure that the masks are legit.

Retailers and healthcare facilities can scan a QR code on the product packaging using a mobile phone camera or the WeChat app to confirm the authenticity of the KN95 masks from Real Items partner Tricol Group, one of the largest microfiber manufacturers in Asia.

The scan also reveals relevant information about the KN95 masks including time and place of production, as well as logistical points along the supply chain.

Technological advancements aside, however, the Wall Street Journal reports that new trade restrictions imposed by China have delayed shipments to the US containing millions of masks and other critical medical equipment. As hospitals and governments battle to procure the necessary gear to protect healthcare workers, American companies are reportedly working with the Chinese government to resolve issues revealed by suppliers and brokers across the supply chain.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities to Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
  • Sportsbet.io launches 1 million USDT giveaway to mark Champions League finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
  • Plutus Launches PLUS More on Base – A New Era of Tokenized Loyalty Rewards
    May 13, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,006.60
$103,006.60
0.55%
Ethereum
$2,532.08
$2,532.08
2.88%
BNB
$651.41
$651.41
0.31%
Solana
$169.03
$169.03
4.55%
XRP
$2.44
$2.44
4.69%

Spotlight

  • Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard
    May 8, 2025
  • Spyware Firm Ordered To Pay $167,250,000 in Damages for Enabling WhatsApp Hacks of 1,400 Smartphone Devices: Report
    May 8, 2025
  • Rich Dad Poor Dad Author Predicts Largest-Ever Market Crash, Says Bitcoin and Gold Will Protect Against Inflation
    May 8, 2025
  • Standard Chartered Analyst Backs Off Bitcoin Price Prediction, Now Calls $120,000 BTC ‘Too Low’: Report
    May 8, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl