VeChain (VET) Now Powers Renji Hospital’s Intelligent Tumor Center

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VeChain (VET) Now Powers Renji Hospital’s Intelligent Tumor Center

VeChain (VET), DNV GL and the Shanghai Renji Hospital have joined forces to build an intelligent tumour centre that will be powered by distributed ledger technology (DLT), according to reports on October 20, 2020.

Shanghai Renji Chooses VeChain (VET) Again

In another significant development for VeChain (VET), a project that claims to be focused on helping enterprises to solve real-world problems with blockchain technology, its innovative technology has now been adopted by the Shanghai Renji Hospital, one of Asia’s leading healthcare service providers.

Per sources close to the latest development, VeChain, it’s longstanding partner DNV GL, a Norway-based international accredited registrar and classification society, and the Shanghai Renji Hospital have joined forces to create an intelligent blockchain-based tumour treatment and prevention centre.

According to the World Health Organization (WHO) statistics, neoplasms and malignant tumours are the second leading cause of death globally, accounting for about 9.6 million deaths in 2018 alone and it has been predicted that worldwide cancer rates could double by 2020 if an effective prevention campaign is not put in place. 

Against that backdrop, VeChain, DNV GL and the Shanghai Renji Hospital have deemed it fit to establish a blockchain-based intelligent tumour centre, whose primary objective will be to significantly contribute to promoting global health via tumour prevention and treatment with innovative technologies.

VeChain Doing Great Works with Blockchain 

Although the team is yet to release detailed information concerning the project, it is believed that the medical records of patients will be stored on the VeChainThor blockchain to protect them from unauthorized access. 

Established in 1844, the Shanghai Renji Hospital is a municipal tertiary hospital affiliated to the Shanghai Jiaotong University School of Medicine. The hospital has 1,600 patient beds, handles a massive 2.1 million emergency cases and carries out 28,000 surgical operations each year.

It’s worth noting that the Shanghai Renji Hospital first partnered with the leading blockchain firm in May 2019, when it joined the Digital Carbon Ecosystem initiative created by both VeChain (VET) and DNV GL. 

In related news, BTCManager reported on October 14, 2020, that VeChain has now officially joined the decentralized finance (DeFi) movement with the launch of VexchangeIO, a decentralized exchange powered by VeChainThor. 

At press time, the price of VET, Vechain’s native cryptocurrency is up by 2.39 percent in the last 24-hours, trading at $0.011450, with a market cap of $736 million, as seen on CoinMarketCap.

Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.