VeChain’s recent partnerships with industry heavyweights such as Salesforce, PriceWaterhouseCoopers, and DNV have propelled its price up by more than 400% in just two months. The blockchain platform, which has a dual-token model consisting of the inflationary VeChain (VET) and deflationary VeThor (VTHO), facilitates optimisation and revolutionisation of existing supply chain management systems. VeChain’s partnerships aim to solve business challenges and provide highly customisable toolkits for developers to build and deploy solutions. VeChain’s vision is to drive mass adoption of public blockchain and foster an enterprise NFT ecosystem using its proof-of-authority system.
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Introduction
One supply chain has been on the start of what looks like a massive run-up to come. Of course, I’m talking about VeChain, who’s been making some eye-widening collaboration with enterprise. Today, let’s find out what old VeChain has been up to.
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VeChain’s Recent Partnerships
VeChain has been one of the best performers in the crypto market, period. And it’s weird. I told you that over the summer. Having surged to as high as above 20¢ just last week, but, in fact, according to a data from Cointelegraph Markets and TradingView, the price of VET has increased by more than 400% over the past two months alone.
Enterprise Level Adoption
VeChain is starting to face enterprise level adoption, and people are finally starting to open their eyes to what is being built, a blockchain-powered supply chain platform with distributed governance which will optimize and revolutionize existing supply chain management systems.
Strategic Key Partnerships with VeChain
There are five companies that have strategic key partnerships with VeChain—DNV, PriceWaterhouseCoopers, National Research Consulting Center, Yida China Holdings and BitOcean, a crypto exchange. According to the Nasdaq, other major companies looking into using VeChain include BMW, LVMH and BYD.
Partnering with Salesforce and PriceWaterhouseCoopers (PWC)
Following the Salesforce announcement less than a week later, VeChain revealed that it’s partnered with PriceWaterhouseCoopers also known as PWC and is assisting their clients in integrating distributed ledger technology. In December, VeChain partnered with the Royal Melbourne Institute of Technology (RMIT) Blockchain Innovation Hub pledging to research and come up with innovative ways of furthering the growth of the entire blockchain industry.
VeChain’s Connections and Partnerships
Here’s a pie chart from Reddit to showcase VeChain’s connections and partnerships. Just make sure that you are not going to bet against VET because it is killing the game right now.
Solving Key Business Challenges
VeChain’s vision is to deliver the mass adoption of public blockchain and solve key business challenges that are otherwise unworkable without this emerging critical technology. Now, each day, they inch closer and closer to that goal, and this bull run is just getting started.
Conclusion
You’ve seen my portfolio holding of VET and you know my thoughts. Now, it’s your turn to do your research. Let me know what you think about VeChain. Is it still on the way up? Or has it peaked? Drop your comments down below. I think I know what most of you are going to say. But that’s all I got. Be blessed. BitBoy out.
