VeChain is making significant strides in its mission to revolutionize industries, and it is achieving this through impactful partnerships that are paving the way for a more sustainable economy.
Recently, the network celebrated its integration with Ledger, which allows for the full management of VET and VTHO on the Ledger Live platform. This integration enhances investor confidence by utilizing Ledger’s renowned security features.
VeChain is determined to dominate the world with its partnerships with industry leaders, offering blockchain-based solutions that are revolutionizing multiple sectors such as logistics, finance, and supply chain. Some of its partners include billion-dollar companies operating in these industries.
Since its launch, VeChain has collaborated with over 300 enterprises, and in this article, we will explore 12 game-changing partnerships that are transforming industries.
One of the recent collaborations is with Safe Haven, which addresses the limitations of Ledger’s “Recover” feature by providing decentralized solutions for secure asset management.
The collaboration between Kuehne & Nagel and VeChain, established in 2016, aims to revolutionize the supply chain and logistics industry. Kuehne & Nagel is a major player in this field, generating over $22.4 billion in revenue and commanding a significant share of the air and sea freight business worldwide. Through VeChain’s platform, the company can track and provide customers with real-time information on the location of their goods throughout the supply chain.
PriceWaterhouseCoopers (PwC), one of the world’s largest auditors, partnered with VeChain to implement blockchain solutions for its extensive client base. This partnership not only enhances VeChain’s credibility but also exposes the blockchain platform to PwC’s clients, which include renowned companies like IBM, Ford, Dell, Cisco, and 3M, as well as over 400 of the Fortune 500 companies.
Walmart China is another significant partner of VeChain. This partnership involves the utilization of VeChain’s IoT and blockchain solutions to monitor temperature-controlled products during transit. Walmart China has praised VeChain for its efficiency, security, and transformative impact on the supply chain industry.
VeChain is also working with the government of Cyprus through Invest Cyprus, the government’s dedicated partner for foreign investments. This collaboration aims to develop innovative blockchain solutions that can revolutionize government services and attract investment. VeChain is actively involved in formulating policy reforms that facilitate the use of blockchain as an underlying infrastructure for government operations.
Direct Imported Goods (D.I.G.), which manages a substantial portion of China’s wine imports, is a key partner for VeChain. The partnership recognizes the importance of authenticity for wine lovers, and through a smart NFC chip embedded in the wine bottles, buyers can validate and trace winery data throughout the supply chain. This partnership also opens up the possibility of future collaborations with the Chinese government.
Groupe Renault, a leading car manufacturer, partnered with VeChain to develop a tamper-proof digital car maintenance book. This innovative solution allows car owners to securely share data about their vehicles. The success of this project has attracted the attention of other car manufacturers, potentially leading to similar collaborations worldwide.
NRCC, a global leader in consulting services, utilizes VeChain’s blockchain technology to develop anti-counterfeiting solutions for various industries. With a large client base, including Fortune Global 1000 companies, NRCC’s partnership with VeChain has led to the implementation of blockchain-based solutions, notably with the China National Tobacco Corporation.
Fanghuwang, a company that offers collateral-backed loans to small and medium enterprises in China, utilizes VeChain to improve data collection, storage, and sharing. Their Dapp, VeVid, provides a digital ID and KYC tool for companies on the VeChain blockchain.
ENN Energy Holdings Limited, a prominent clean energy company, has partnered with Shanghai Gas Group and VeChain to develop an advanced LNG management solution. This system, leveraging blockchain and IoT technology, ensures transparent and efficient quality assurance for different types of natural gas. With a vast network of over 400 companies, there are promising opportunities for further collaboration and industry-wide impact.
NTT Docomo, a major Japanese telecommunications player, joined forces with VeChain to develop and implement cutting-edge 5G technology. This partnership has led to the successful launch of 5G services in Japan in 2020, marking a significant milestone in the country’s technological landscape.
VeChain’s commitment to innovation, adoption, and community empowerment continues to fuel its journey. Exciting developments are expected in the near future as the ecosystem grows.