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- This feature lets users choose names from a secured list to personalize wallet addresses.
- The selections will be stored for future sign-ins.
- Features for profile pictures could also be introduced soon.
Are you having trouble remembering your wallet addresses? You use the ‘Copy’ feature and still fear that airdrop con can cost you dearly. What if a facility allowed you to nickname your wallet? VeChain has launched a system allowing users to personalize their wallets by naming them. This innovation comes from the long line of breakthroughs introduced to spur Web3 adoption.
The network recently launched another iteration of its Authentication Service (Auth-Service), which includes profile extension. Reports suggest that the extension would allow an embellished experience for the user by allowing the personalization of profiles with nicknames.
In their blog post, VeChain.Energy explained it’s working; the profile extension here introduces a new scope of a feature known as Profile on the application side. When a user interacts with the application, they would get a prompt asking them to select a nickname from a trusted source. These selections on the profile are stored on the blockchain to be used for future sign-ins.
This change could spur mass adoption as it changes the current method of non-personalized and generic wallet addresses to personalized addresses. Users can easily manage their profiles via ‘profile.vechain.energy,’ and can make desired changes in their name after signing in.
Web3 promised a more personalized and engaging user experience; however, many platforms are facing issues in providing results, and such development is appreciated and welcomed.
The blog post notes:
“This is the second iteration of our Auth-Service, and we have more updates planned for the future. We will be adding more established sources and the ability to manage more profile information, such as profile pictures.”
Modernization of Supply-chain management
VeChain came into existence intending to revolutionize supply chain management using Distributed Ledger Technology (DLT). Recently, VeChain Foundation announced its partnership with Supply@Me Capital PLC (SYME), advancing to the second phase after partnering in June 2022 to build a revolutionary Web3 inventory modernization system. The platform will leverage blockchain and related technologies to help increase value for investors.
Eisenreich, a VeChain influencer, announced that phase two involves “Inventory Monetisation Platform 3.0.” Also involves B2B marketplaces, NFT issuance, DeFi, a roadmap for Web3 feature and governance protocol.
The network has also significantly contributed to real-world solutions for traceability & anti-counterfeiting. This is helping luxury goods platforms and companies to reduce labor costs and improve efficiency.
This technological development and its benefits should increase its adoption, which could pull VET, its native token, out of this bear market. Currently, the token is trading at $0.01551 with a drop of 0.45% in the last 24 hours, and this value is 94.43%, down from its all-time high of $0.2782 achieved on April 17th, 2021.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
