VeChain Introduces ReCircleRewards to Verify and Reward Real-World Mobility

VET-4,87%

  • ReCircleRewards verifies mobility activity using receipt OCR normalization, duplicate checks and cross-field validation across providers.
  • VeChain anchors verified actions and reward records on-chain, so distribution stays transparent, tamper-resistant, and auditable for partners.

VeChain Builders announced ReCircleRewards to focus on verifying everyday mobility and linking it to a reward system. The update points to common travel modes, including public transit, rideshare, EV rentals, and micromobility.  ReCircleRewards uses a verification-first approach based on transportation receipts. The system accepts receipts in several formats, including screenshots, PDFs, and email confirmations. This receipt-driven method will make mobility activity measurable using real records.

Introducing @RecircleRewards

Millions of people already use public transit, rideshare, EV rentals, and micromobility every day but get zero recognition for it.

ReCircle built a verification-first system that recognizes real-world mobility activity and makes it measurable,… pic.twitter.com/opf2T2rI73

— VeChain Builders (@VechainBuilders) February 20, 2026

VeChain Builders said building trust was the central challenge during development. Receipt formats vary by provider and region, and so the same trip details may appear under different labels or in different parts of the document. It also notes that submissions can arrive as images, PDFs, or email confirmations, which adds complexity when verifying activity at scale. Most recently, VeChain powered Decent’s platform by integrating VeChain ToolChain to anchor workplace compliance and safety records on VeChainThor. As we reported, the setup supports audit trails for tasks such as safety inspections, equipment checks, facility rounds, and compliance reporting. ReCircleRewards’ On-Chain Reward Records To handle variation, the team built an OCR normalization process to transform the receipt content into a standard format, with duplicate detection as part of the workflow. This guarantees that users do not submit the same trip multiple times.  In addition, the system uses cross-field validation. That method checks that key receipt fields agree with each other, based on the details shared by VeChain Builders. Reward distribution is anchored on-chain, with reward records stored in a tamper-resistant format. VeChain Builders said the distribution logic remains auditable through this setup. Also, users do not need to manage blockchain complexity while using the program. The system is structured so the technical elements stay behind the interface. VeChain Builders shared a roadmap for what comes next. The priority is to expand the list of supported transit providers to allow more users to submit eligible receipts across more services and improve receipt classification accuracy. This enables better sorting and reading of different receipt types as new providers are added. ReCircleRewards is built to track commuting patterns over longer periods using verified mobility records. The team is also exploring partnerships with mobility platforms and city programs to support a system that can measure, verify, and reward sustainable travel at scale.  Previously, CNF outlined that VeChain and Rekord are deploying the EU Digital Product Passport. The report said the EU expects a central DPP registry by July 2026, ahead of early compliance phases in 2027. Following the update, VET traded at $0.007848, up **3% **over the past 24 hours. Trading volume rose 7% to $19.91 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Cipher Mining rebrands as Cipher Digital, transitioning from a Bitcoin mining company to HPC infrastructure

Cipher Mining, after rebranding as Cipher Digital, released its Q4 financial report with revenue of $60 million, below expectations, and the stock price dropped about 5%. The company expects to undergo a business transformation in 2025, shifting from Bitcoin mining to high-performance computing infrastructure, and has secured a signed capacity of 600 MW.

GateNewsBot14m ago

Bitcoin Treasury Empery Digital's major shareholder calls for "liquidating 4,081 BTC"! Urges CEO to resign immediately and a complete overhaul of the board of directors

Empery Digital, a Bitcoin treasury company, recently faced a governance crisis. The major shareholder holding 9.8% of the shares issued an open letter criticizing the management team, demanding the CEO step down and the entire board of directors resign, and to liquidate all Bitcoin assets. The major shareholder accused the management of extracting salaries with funds, affecting shareholder interests, and called for addressing the urgent need of shareholders to recover their capital. This incident highlights the challenges of corporate governance and shareholder value realization in Bitcoin companies.

動區BlockTempo31m ago

Canaan Expands U.S. Bitcoin Mining With West Texas Deal, Targets Gigawatt-Scale Growth

Canaan Inc. expands its U.S. presence by acquiring a 49% stake in Cipher Mining's joint venture, enhancing its mining operations while shifting focus toward energy and AI integration. Despite strong revenue growth, market reaction remains cautious amid ongoing industry challenges.

LiveBTCNews36m ago

Another 300M Pi Transferred – Pioneers Who Waited Are About to Get PAID!

The recent transfer of 300 million Pi tokens marks a key milestone for the Pi Network, enhancing migration infrastructure and user confidence. It demonstrates operational preparedness, though challenges like KYC delays persist. Successful execution could solidify its market position.

Coinfomania58m ago

IoTeX plans to announce the compensation plan within 24 hours, and L1 has been restored online.

Odaily Planet Daily reports that IoTeX announced on the X platform that after a suspected private key leak led to a hacking attack, the L1 has been restored and upgraded to operate normally. The new version v2.3.4 includes a default blacklist that automatically filters malicious EOA addresses to enhance network security. A comprehensive compensation plan for affected bridging users will be announced within 24 hours.

GateNewsBot1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)