On 8th August, VeChain Foundation on their official Twitter handle announced that VET/VTHO can be now stored on the LedgerHQ. The wallet that can now support X Node binding as well.
Along with this, the team has also announced that VeForge Vault, a platform developed by Totient Labs, can now be utilized to support VET/VTHO digital assets.
LedgerHQ is an organization that ensures safety and security of cryptocurrency undertakings. It is best known for creating Ledger Nano S; a hardware wallet that gives digital currency holders a protected method for the storage of tokens.
A statement from the official announcement of VeChain stated:
“Our goal is to enhance and enrich our current data services capacity within traceability, supply chain management, and smartphones for our users. With our ongoing effort to bring traceability use cases in Japan into our ecosystem, the 5G program will bring additional value to VeChain’s presence in the region.”
Reports state that Nano S is a well-known hardware wallet in the market which ensures the safety and security of various crypto assets.
It caters to the requirements of financial bodies with interest for digital cryptocurrencies. It has created the Ledger Vault; a solution that has been customized for financial organizations. Ledger has backed not only VeChain but many other cryptocurrencies such as ICON, WanChain, Ontology, Kowala, etc.
Totient Labs is a technology company based in San Francisco. The organization has developed blockchain projects that would promote the adoption of the emerging technology, especially the VeChainThor stage.
Totient’s first project is the VeForge Blockchain Explorer. It enables clients to monitor the activities on the VeChainThor blockchain utilizing network analytics.
Earlier last week, VeChain collaborated with a Japanese mobile network company, NTT Docomo to launch a 5G program to boost data services which will be launched by 2020.
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Author: Gautham Kadri
Image Credit: Pixabay