On July 17th, Chinese blockchain firm
VeChain announced that it will begin subsidizing individual developers and startups using its platform to encourage growth. The company will half the transaction fee developer and startup users of its enterprise-focused platform, VeChainThor, for three months.
The public pay-to-use platform is already used in projects with
Walmart China for food traceability, in
BMW’s care mileage app, and with logistics firm
DB Schenker’s quality assessment program, among others.
The announcement highlights an issue that the costs of using blockchains can potentially be a barrier to entry for lone developers and small startups.
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Image Copyright: VeChain
