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VeChain Patents Mobile Inventory System on Blockchain
- Months after VeChain’s carbon trading patent application was reportedly approved, a new application for an automated mobile inventory system and container has also been approved.
- According to the document, this invention would solve the problems of inaccuracies that arise in the manual process of counting items and recording them in a register.
A new patent for a container and a mobile automated inventory system powered by Blockchain VeChainThor has been rated by supply chain management giant, VeChain (VET)underlining its commitment to offset the challenges of inventory control and traceability for companies.
#VeChain obtained a new patent on July 2, 2024 for a mobile automated inventory container system based on the VeChain Thor blockchain. Innovation is increasing with Sunny Lu and the whole team! 🚀🚀🚀
To know more: Italian: https://t.co/3Kv5XDlMQx photo.twitter.com/n9PopbSasx— Collin Brown (@CollinBrownXRP) July 6, 2024
In the background section of the invention as captured in the petitionVeChain highlighted the gap in the manual process of counting items and entering the information into a ledger. According to the report, this is mostly laborious and leads to inaccuracies as used or removed items are usually not indicated.
Some systems have been introduced to use barcodes that are not affixed to items to be scanned with a handheld scanner. Unfortunately, this initiative also fails to locate unscanned items that have been removed and placed in different locations.
To solve this problem, the invention at the core of the patent has been provided by VeChain with a method and system that would dynamically track the location of items placed in mobile containers or bins. The proposed invention would also provide a system or method to automatically track items from the storage location to the container or bin.
Further Discoveries on VeChain’s Latest Patent
Our analysis of the patent for the container and mobile automated inventory system also shows that the invention could track the container itself to monitor its movement throughout the product lifecycle. More importantly, the system is designed to fit into the invention counting system used to provide travel-related events such as airplanes and buses.
An excerpt from the document reads:
In one configuration, a primary container may be equipped with a wireless device that may utilize or read RFID and/or NFC with asset tracking and an authentic tag. As tagged items are placed in or removed from the primary container, the wireless device will automatically read or inventory the items. A secondary container may also include a wireless device and further include a built-in antenna to amplify the signal of tagged items placed in or removed from the secondary container.
Over the years, VeChain has developed various use cases in different fields, with some of its real-world applications focusing on supply chain management, counterfeit prevention, agriculture, and the automotive industry. In the future, its potential is expected to extend beyond the current use cases for maximum benefit in healthcare, logistics, and smart cities.
Its commitment to other areas, including environmental efficiency, is evident in the recent approval of its carbon trading patent application by the U.S. Patent and Trademark Office (USPTO). As reported by Crypto News FlashThe previous petition focused on registering methods, devices, blockchain nodes, as well as systems for carbon recording and trading. Interestingly, his VeChainThor also reached a historic milestone, registering a low carbon footprint of 4.46 tCO2e/year in 2022.
Contrary to the sustainability and progress of the supply chain, VeChain’s native token, VET, has struggled to emerge from its extended bear market, dropping 12.6% over the past seven days to $0.0239.
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