Home Coins VeChain (VET) VeChain and DNV GL Release VeTrust, A New Blockchain-based Risk Self-assessment Application...

VeChain and DNV GL Release VeTrust, A New Blockchain-based Risk Self-assessment Application To Tackle Infection Risk Management For Hotels In China | by VeChain Foundation | VeChain Foundation | Sep, 2020


VeChain Foundation

September 9, 2020, Shanghai, China— In the face of the long-term impact of the COVID-19 on the global economy, VeChain, together with DNV GL, have jointly introduced a blockchain-based risk self-assessment application named VeTrust. It provides hotels with an effective risk self-assessment toolkit to enhance safety and risk management during and after the pandemic.

By using the one-stop data BaaS platform VeChain ToolChain™, VeTrust combines DNV GL’s hospital-grade My Care™ methodology and track record to help businesses start managing COVID-19 risk factors, starting with small to mid-scale hotels in China.

DNV GL recently released the infection risk management methodology My Care. It helps companies assess, manage and mitigate infection risk to build stakeholder trust. My Care has been used by profiled players in the hotel industry, including The National Exhibition and Convention Center (Shanghai), Hongqiao State Guest Hotel, Suzhou Qingshan Hotel, and ITC Hotels (India).

My Care Methodology Use Cases

VeTrust intends to provide a start-up option for enterprise, integrating professional services and blockchain technology into the risk management processes. The aim is to help hotels in China to strengthen their own risk management practices, safeguard the health of the hotel guests and staff, restore customers confidence, and seek business growth, especially for small to mid-scale hotels.

With VeTrust, hotels can provide immutable and trustworthy proof of cleanliness standards at their hotel, such as food preparation and housekeeping practices.

By leveraging the data visualization module of VeChain ToolChain™, VeTrust helps the hotels present immutable and trustworthy information stored on the VeChainThor public blockchain. The level of readiness of the hotels will be shown by scanning a QR-code (Green — Conformity, Yellow — Readiness, Red — Nonconformity).

On top of this, VeTrust provides long-term benefits by constantly updating online training materials and in-app assessment checklists to provide hotels with solutions that are most relevant to current regulatory standards and consumer concerns. Characterized by its stable and controllable cost, VeTrust is currently an ideal entry-level application for hotels of all types to access “blockchain+professional services” quickly, efficiently and cost-effectively.

VeTrust Self-assessment Green Code Example & Service Infrastructure of Blockchain-Based Infection Risk Management

VeTrust is at the forefront of helping businesses, starting with the small to mid-scale hotel industry in China to mitigate the COVID-19 risk factors by enhancing their risk management and control.

VeChain and DNV GL will continue to seize the opportunity brought forward by the increasing demand for digital transformation worldwide. Both companies are ready to develop more digital solutions to expand and improve their offerings to serve more enterprise clients worldwide.

-END-

About VeChain

Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, Shanghai Gas, AWS, PICC, ASI etc.

Website: www.vechain.com

Contact: [email protected]



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