• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
VeChain VET
Nexo Logo

VeChain And DNV Launch First Blockchain-based IVF Service App

Reynaldo Marquez by Reynaldo Marquez
12 months ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

VeChain has taken blockchain’s technology potential to a new sector in association with DNV and one of China’s most important Healthcare facilities, the Renji Hospital. The partners have launch MyBaby, a blockchain-based service app for In-Vetro fertilization (IVF).

Its objective is to mitigate the stress of this process by providing women and their families with a tool to help manage and improve the IVF process. The app allows hospitals to provide a better data management service and can help families to keep track of their babies’ development.

In addition, the app has been created to become a useful instrument to reduce anxiety, depression, and the stress associated with this process. The VeChain Foundation added:

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

lifting the confidence and providing emotional support to tens of thousands and more women and families during this challenging stage in their life.

In China, the In-Vetro fertilization (IVF) market is projected to surpass $2,8 billion in the next 4 years. The app is set to positioned VeChain at the center of a growing market to be worth billions and to have an active role in its development with the Assisted Reproductive Service Center of Renji Hospital.

Around 400,000 patients are treated each year at this facility and with VeChain, the hospital will embrace innovation to provide a more transparent and data security service. The VeChain Foundation added:

The delivered outcome is greater trust in data, enhanced healthcare provider decision-making, providing greater data security for all parties, and most importantly, lessening the emotional and physical burden of women and families involved.

VeChain Creates More Blockchain-based Use Cases

The app is a combination of third-party assured data verification, but with the immutability of a blockchain platform. As the VeChain Foundation revealed, all data collected related to the IVF process is stored on blockchain VeChainThor. Thus, it can only be accessed by authorized users.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

They can view and track every step in such a process, from the extraction, labeling, fertilization, and scoring of the eggs and their preservation. MyBaby’s ultimate purpose is to enhance the user experience and offer key data ease a process comprised of complicated stages. At the same time, private sensitive information will be protected without the intervention of a third party.

VeChain VET VETUSDT
MyBaby’s interface. Source: VeChain Foundation

On June 2nd, 2021, representatives from VeChain, DNV, the Center for Reproductive Medicine of Renji Hospital, and the Shanghai Quality Control Center for Assisted Reproductive Technology held a ceremony and celebrated the app’s deployment. The VeChain Foundation concluded:

MyBaby clearly demonstrates the value-add public blockchain can create for daily life. This new use case exemplifies the myriad ways blockchain can be utilized in society, touching aspects of life far beyond the common perception of the scope of the technology.

At the time of writing, VET trades $0,13 with a strong recovery in lower timeframes. In the 7-day chart, VET records a 16.1% profit with a 39.9% loss in the monthly chart.

VeChain VET VETUSDT
VET shows signs of recovery in the daily chart. Source: VETUSDT Tradingview
Tags: VeChainVETVETUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Ethereum

Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum

1 hour ago
Cardano Slides Below $0.50 Alarming A Danger Ahead

Cardano Slides Below $0.50 Alarming A Danger Ahead

4 hours ago
Cardano

Cardano TVL Sheds $205 Million Since Hitting All-Time High

5 hours ago
ethereum

Ethereum Profitability Dumps To 2-Year Low As Price Corrects Below $2,000

20 hours ago
CloneX and Murakami promotional image

Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse

1 day ago
The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap

1 day ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Gringotts Labs rolls out Lending Protocol Zenith after Capricorn Finance becoming a winner

May 28, 2022

Datamall Chain – A Pioneer of Web3 Data Storage

May 28, 2022

Introducing Zenith.Finance, a dark-horse lending protocol crypto players should notice recently

May 27, 2022

An introduction to Capricorn.Finance

May 27, 2022

The Web3 community platform Mojor launched the alpha version

May 27, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.