VeChain (VET) has been recognized in an academic journal article highlighting its role in transforming global trade and supply chain management. The article emphasized VeChain's contribution to solving challenges such as counterfeiting, fraud, and lack of transparency in supply chains. It also mentioned VeChain's partnerships, including one with Louis Vuitton for product authentication. VeChain's technology provides verifiable data on product origins and quality, helping industries meet safety and quality standards and prevent counterfeiting. Additionally, VeChain has secured a new US patent for addressing challenges in proving property ownership and has undergone major upgrades. Despite a 1.6% rally in the past 24 hours, VeChain's daily trading volume is down 33.5%.
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