crypto-news-flash.com
- VeChain is breaking all barriers in its mission to revolutionize industries, and through high-impact partnerships, the platform is forging the path to a more sustainable economy.
- The network has recently celebrated its integration with Ledger, enabling VET and VTHO, to be fully manageable on the Ledger Live platform.
VeChain is looking to dominate the world with high-impact partnerships with industry leaders. By offering blockchain-based solutions, VeChain is revolutionizing multiple industries, with some partners being billion-dollar companies involved in the logistics, financial institutions, and supply chain industries.
Since its launch, VeChain has forged collaborations with over 300 enterprises. In the article, we dive into 12 game-changing partnerships to revolutionize industries.
Ledger
One of the most recent collaborations is the integration of Ledger. This collaboration allows for the integration of the network’s Renown for its high level of security of the Ledger hardware wallets. This is a welcome integration that will boost investor confidence. Through Ledger, investors can manage their digital assets directly, securely, and sustainably.
VeChain's journey is fueled by our dedication to innovation, adoption, and community empowerment. Stay tuned for more exciting developments later this month as we continue to grow our ecosystem.
Read more here: https://t.co/0ZZBjwW5fZ
— vechain (@vechainofficial) February 20, 2024
Furthermore, VeChain’s partnership with Safe Haven tackles drawbacks in Ledger ‘Recover’, offering decentralized solutions for secure asset management.
Kuehne & Nagel
The Kuehne & Nagel and VeChain collaboration was forged back in 2016 to revolutionize the supply chain and logistics industry. Generating over $22.4 billion in revenue, the company commands nearly 15% of the world’s air and sea freight business in terms of revenue.
Through the Vechain platform, the company can track and relay to its customers the location of their goods across the supply chain.
PriceWaterhouseCoopers (PwC)
One of the four biggest auditors in the world, PriceWaterhouseCoopers (PwC), sought to implement VeChain’s blockchain solutions for its large client base, enabling its clients to verify and trace their products.
Inked in 2017, not only has the partnership boosted VeChain’s credibility but has further exposed the blockchain platform to its client base, which includes IBM, Ford, Dell, Cisco, and 3M, as well as 400+ out of the Fortune 500 companies.
Walmart China
Inked a few years ago, this partnership has continued to grow and expand, but at its core, it entails VeChain IoT and blockchain solutions being utilized by the China arm of Walmart to monitor temperature-controlled products while still in transit.
Walmart China has been one of the most vocal partners of VeChain, celebrating the platform for being efficient, secure, and able to transform the entire supply chain industry.
Republic of Cyprus
VeChain is working with the government of Cyprus, specifically, Invest Cyprus, the government’s dedicated partner for working with foreign investments. With the mandate to come up with, develop, and implement innovative blockchain solutions.
With the government looking to tap into the blockchain industry to revolutionize government services and attract investment, VeChain is helping formulate policy reforms that facilitate using blockchain as an underlying infrastructure for operations.
Direct Imported Goods (D.I.G)
Direct Imported Goods (D.I.G.) manages over 30% of China’s wine imports, making it a key partner for VeChain. Furthermore, D.I.G. is a government-owned subsidiary of Shanghai Waigaoqiao Free Trade Zone Development. Forged in 2017, the partnership recognizes that wine lovers are very sensitive to the products they consume and value authenticity. Through a smart NFC chip in the wine bottles, buyers can validate and trace winery data from the producers, via the supply chain.
As a key government organization, this opens up the possibility of more partnerships with the government in the future.
Groupe Renault
This partnership demonstrates VeChain’s robustness after the platform developed a digital car maintenance book that is tamper-proof. This allows car owners to share tamper-proof data about the car.
With other car manufacturers watching the success of the project, VeChain could be involved with other similar projects around the world.
National Research Consulting Center (NRCC)
A global leader in consulting services, NRCC helps companies achieve international standards and approvals across various industries. With more than 1,000 long-term clients, including many Fortune Global 1000 companies, NRCC leverages VeChain’s blockchain technology to develop and implement anti-counterfeiting solutions. One notable example is their work with the China National Tobacco Corporation.
Fanghuwang
Offering collateral-backed loans (property mortgage loans) to small and medium enterprises in China and utilizing VeChain to create solutions to improve the way data is collected, stored, and shared. Fanghuwang has developed a Dapp called VeVid, which offers a digital ID and KYC tool to companies on the VeChain blockchain.
ENN Energy Holdings Limited
A leading clean energy company, in partnership with Shanghai Gas Group and VeChain, has developed a cutting-edge LNG management solution. Leveraging blockchain and IoT technology, this system ensures transparent and efficient quality assurance for various natural gas types. With a vast network of over 400 companies and branches, the future holds promising opportunities for further collaboration and industry-wide impact.
NTT Docomo
A major Japanese telecommunications player, boasting assets of around $42 billion, joined forces with VeChain back in 2018. Ranked as the 4th largest in Japan, this company is leveraging VeChain’s expertise to develop and implement cutting-edge 5G technology. Notably, their collaborative efforts brought 5G services to market in 2020, marking a significant stride in Japan’s technological landscape.