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 secure and efficient handling of data within multi-user environments, per the CNF report.
VeChain Patent to Spark Surge in 2025?
Throughout the ongoing crypto bull rally, there have been few tokens to benefit as much as VeChain has. The asset is looking to reinvent itself, ushering in a recent Renaissance project that will redefine how the asset is viewed in the renewed marketplace. With that underway and its latest patent approval, VET is predicted to increase by 260% in 2025.
According to the price prediction platform CoinCodex, VeChain VET is expected to reach notable levels in April 2025. Price predictions reveal a max price expectancy of $0.208. The average price for the month is predicted to be above $0.11. That is a notable increase from its currency position below the $0.06 mark. What is even more interesting is that April is not expected to be an outlier, according to the platform. VET is predicted to remain above the $0.1 mark for seven total months in the coming year. That performance should establish the asset as a viable competitor in the surging cryptocurrency sector.