- Chery Jaguar Land Rover see greatness in VeChain’s Digital Carbon Ecosystem.
- Tesla of China Partners VeChain for Digital Carbon Credit Application.
The supply chain focused blockchain technology VeChain is yet graffiti in the production industry. The blockchain is creating an immutable solution in tracking data.
Despite the large number of past alliances sealed by the blockchain company in spreading the technology, it continues to burn midnight oil in getting more. The more it gets, the more it wants.
Although VeChain has been able to sell its solution to a number of top automobile companies in the world like BMW and Renault, but here comes another opportunity in making the industry feel the effect of blockchain potency in ensuring accountability, transparency.
After the announcement of IOTA – Jaguar Land Rover partnership centered on the creation of a new cryptocurrency program with the former’s tangle technology, there have been speculations that VeChain, a competitor for IOTA in the industry, might be heading for a similar move.
This is due to the enchanting display from the blockchain’s project manager, Tian Xinli, at the just concluded tech fair in Changshu, China.
The display which caught the attention of many including Chery Jaguar Land Rover, an automotive manufacturing company headquartered in Changshu, China. Chery Jaguar amongst others companies at the event were able to get a comprehensive knowledge about the benefits of blockchain technology, especially in automobile industry.
Tian Xinli, during his presentation at the event, elaborated on the use of VeChain’s digital solutions in the automobile industry with more focus on Digital Low Carbon Ecosystem.
Digital Low Carbon Ecosystem is a VeChain – DNV GL co-developed blockchain and IoT solution powered by a carbon reduction platform to encourage all to partake in the reduction of carbon emissions in the society.
Digital Carbon Ecosystem allows consumers earn credit for reducing carbon emission in the society.
The event hosted a number of who is who around the world with the inclusion of Accenture Greater China manager, Dr. Liu Dong. VeChain at the event, did not just present the blockchain solution, but exchanged ideas with the likes of Chery Jaguar Land Rover for future technology and business development.
Established in 2012, Chery Jaguar Land Rover is the first Sino-British premium automotive joint venture. It supplies the Chinese market with world-class vehicles which have unique British lineage.
Earlier, the president of the joint venture, Murray Dietsch, in a statement declared the company’s devotion to new technology.
“Over the past five years, we have been striving for excellence through the latest technologies and products,” he said.
Tesla of China Partners VeChain for Digital Carbon Credit Application
In 2018, Tesla of China, BYD, collaborated with VeChain to use the VeChainThor carbon credit application to store data.
Through the partnership, VeChain’s low carbon digital ecosystem got integrated into BYD vehicles to allow users of the vehicles get rewards for utilising the environmentally-friendly functions made available on BYD’s hybrid and electric vehicles.