VeChain has been at the forefront of enterprise innovation, forging strategic partnerships that have pushed the boundaries of various industries. Its notable partners include Kuehne & Nagel, PwC, and the Renault Group. These collaborations have paved the way for VeChain to revolutionize the supply chain industry through its blockchain platform, VET.
Let’s take a closer look at 12 of VeChain’s most significant partnerships over the years:
1. Kuehne & Nagel: In 2016, VeChain partnered with Kuehne & Nagel, a global leader in supply chain and logistics. By leveraging blockchain technology, Kuehne & Nagel China has been able to enhance transparency and efficiency in the supply chain process through real-time tracking of parcels and assets.
2. PwC: VeChain teamed up with PwC, a top auditing firm, in 2017 to implement blockchain solutions for its extensive client base. This collaboration offers tailored blockchain solutions that range from supply chain optimization to anti-counterfeiting measures, providing clients with enhanced product verification and tracing capabilities.
3. Direct Imported Goods (D.I.G): VeChain partnered with D.I.G in 2017 to address counterfeit products in the wine industry. Through blockchain-enabled NFC chips, consumers can now verify the authenticity of wine, ensuring product integrity and hinting at potential government partnerships.
4. Groupe Renault: In 2017, VeChain collaborated with French automotive giant Renault to develop a tamper-proof digital car maintenance book. This innovative solution enhances data integrity and opens doors for further collaborations within the automobile industry.
5. Republic of Cyprus: VeChain partnered with the government of Cyprus through Invest Cyprus to drive innovation in blockchain solutions for government services and investment operations. This collaboration showcases VeChain’s commitment to societal advancement and attracting foreign investments.
6. UFC: In 2022, VeChain became the first official layer 1 blockchain partner of the UFC, giving it access to a global audience of millions. This collaboration goes beyond branding opportunities, providing UFC players with marketing activities and VIP incentives, highlighting VeChain’s versatility beyond supply chain applications.
7. Walmart China: VeChain’s collaboration with retail giant Walmart China aims to revolutionize food safety and supply chain management. By utilizing VeChain’s IoT and blockchain solutions, Walmart can monitor temperature-controlled products in transit, ensuring the highest food safety standards.
8. National Research Consulting Center (NRCC): VeChain collaborates with NRCC to implement blockchain solutions for clients, including the China National Tobacco Corporation. This partnership showcases VeChain’s versatility in addressing diverse industry needs, particularly in anti-counterfeiting technology.
9. Fanghuwang and VeChain: Fanghuwang, a provider of collateral-backed loans to SMEs in China, utilizes VeChain to improve data management and sharing processes. VeChain’s development of VeVid, a Digital ID and KYC tool, empowers companies to streamline operations and enhance trust in the lending process.
10. DNV GL: DNV GL, a leading assurance provider, implements VeChain’s digital assurance solution, My Story, to enhance transparency and trust in the food and beverage industry. This collaboration emphasizes VeChain’s commitment to ensuring product authenticity and quality.
11. ENN Energy Holdings Limited: VeChain partners with ENN Energy and Shanghai Gas Group to develop LNG management solutions using blockchain and IoT technology. This collaboration focuses on quality assurance and sets the stage for advancements in clean energy management.
12. NTT Docomo: VeChain is collaborating with NTT Docomo, a prominent Japanese telecommunications company, to develop 5G technology solutions. This partnership demonstrates VeChain’s versatility in leveraging blockchain for technological innovation beyond traditional supply chain applications.
Overall, VeChain and its partners are driving innovation in blockchain technology, reshaping industries, and working towards a more sustainable future. Currently, VeChain’s token, VET, is trading at $0.02987, with a 2% increase in the past 24 hours. Its market capitalization is $2 billion, with a trading volume of $37 million.
