VeChain, the supply chain management giant, has recently been granted a new patent for a mobile automated inventory container bin and system powered by the VeChainThor blockchain. This invention aims to address the challenges and inaccuracies that arise from the manual process of counting and recording items in a ledger.
The patent approval underscores VeChain’s commitment to solving inventory control and tracking issues for companies. The system utilizes the VeChain Thor blockchain to provide a method and system for dynamically monitoring the location of items in movable containers or bins. It also enables automatic tracking of items from storage locations to containers or bins.
Additionally, the invention can track the movement of the container itself throughout the product’s life cycle. The system is designed to adapt to the inventory count system used in travel-related events like airplanes and buses.
VeChain has a history of developing various use cases in different fields, including supply chain management, counterfeit prevention, agriculture, and the automotive industry. The company’s potential is expected to expand beyond these use cases, benefiting industries such as healthcare, logistics, and smart cities.
VeChain’s commitment to environmental efficiency is evident in its recent approval of the Carbon Trading Patent application. This application focused on methods, devices, blockchain nodes, and systems for carbon recording and trading. VeChainThor achieved a significant milestone by recording a low carbon footprint in 2022.
Despite its sustainability efforts, VeChain’s native token, VET, has faced challenges in breaking out of its bearish formation. The token has experienced a decline of 12.6% in the last seven days, trading at $0.0239.
Overall, VeChain continues to innovate and make strides in the field of supply chain management, while also demonstrating its commitment to sustainability and environmental efficiency.