cryptonewsz.com
Hailing as a powerful blockchain firm revolutionizing the supply chain industry, VeChain is enjoying a successful run in the industry as the project has achieved an all-time high price of $0.149577 of its native VET token. The price rally of VET can be attributed partly to VeChain’s strategic partnership with Salesforce, a renowned cloud portal, and partly because of the project’s multiple use cases. The collaboration will help VeChain develop a secure interface for data sharing between its stakeholders and clients.
According to the report, the Salesforce team has integrated with VeChain to facilitate an economical and trustworthy interface for third-party data sharing. Currently, the firm finds it difficult to validate the quality and integrity of the information shared by external parties, but with VeChain, Salesforce will successfully manage these issues. Salesforce recently tested VeChain Thor, the traceability protocol of VeChain. Talking about the test run, Daniel Nortje, the Director of Strategy and Architecture of Salesforce, stated that seamless integration into VeChain is one of the chief benefits of working with VeChain. The BaaS portal allowed Salesforce to work freely without requiring developing any intermediary architecture for itself. The VeChain Thor blockchain helped the firm to utilize the resources economically.
The news about the collaboration has fueled the price of VET in the crypto domain, making it reach its highest mark in the past few weeks. The report based on price charts has signaled the formation of a unique cup and handle pattern of VET, which eventually points towards a bullish run. The positive Fibonacci retracement figures have predicted a further rise in VET price.
How VeChainThor Creates Value for the Business?
The blockchain has been designed to streamline the operability standards for common investors who do not have technical knowledge about the industry. The wide range of tools and services offered by Thor has managed to eliminate the limitations existing in the domain. The project serves three user levels and shines as one of the most reliable portals for adopting public blockchain channels.
- Big SaaS and business service providers: They can use first or second-level tools of VeChain to integrate blockchain services for their users.
- The low-barrier entry helps firms to run several blockchain-powered applications using low-code solutions. The clients can focus on their business as VeChain manages other blockchain-related functions easily.
- Thor’s technology allows enterprises to adopt digital interfaces to achieve better security, efficiency, and speed for transactions.
Will VeChain Continue Its Rally Further?
The reviews given by crypto experts and finance heads have inflicted that VeChain is likely to enjoy its successful ‘run-the-industry’ in the future too. The VET price and VeChainThor token price will continue to follow a steady growth pattern in favor of the investors. The increased trust of investors in crypto and surge in real use cases of VeChain technology points towards a high potential run of the token in the crypto field.