New VeChain Patent Signals Upcoming Gains for VET
VeChain’s VET cryptocurrency is set for massive growth according to serval analysts following a recent patent approval. On Tuesday, VeChain secured another U.S. patent through NanoJClean, a subsidiary operating in China. The patent is seen as a breakthrough in secure data handling for enterprise applications. VeChain’s latest patent, a new Key management system (KMA), uses a hardware security module (HSM) to generate and securely split transaction keys. According to VeChain’s abstract, the KMS is comprised of “a management device used for managing user equipment of users in a user group and a hardware security module connected to the management device.”The system creates transaction keys related to the “processing authority of the current transaction” and splits these into sub-keys that are encrypted using the public keys of the corresponding users. Furthermore, VET is painting the newest patent approval as the next step for its platform’s growth. The KMA is a breakthrough in the secur...