Vechain (VET) has rarely been out of the news in recent weeks as the blockchain platform continues to hit it big with endless announcements of partnerships with top firms in different sectors.
What looks like an uphill challenge for the coin in 2018 has changed to a series of developments as Vechain (VET) continues to show its application in different sectors.
The unique cryptocurrency combines blockchain technology and IoT technology to provide a balance between transparency and efficiency.
Vechain (VET) Has Emerged as A Choice Blockchain Solution for Manufacturers
Its effective blockchain solutions have been tested to work excellently and several companies have jumped on the platform to incorporate diverse solutions. One area where Vechain appears to have the lead is with its unique tracking solutions.
It is within this sector that Vechain has experienced the crux of its partnerships. The manufacturing industry has long had this problem of tracking products effectively due to the centralized manner of production.
Vechain (VET) Mystory Blockchain Solution Already Adopted In The Winery Industry
This problem is believed to cost the industry billions in lost revenue yearly, however, Vechain has been able to develop solutions that are applicable to this peculiar problem. One of this solution is the MyStory solution which was incorporated by several winemakers in Italy.
MyStory is essentially a product tracking solution which uses blockchain technology to track goods from the manufacturing phase to the final delivery to the end consumer. Some few weeks after the adoption of MyStory solution it was announced that electronic giants Haier had entered a partnership with Vechain.
This news came as a pleasant surprise to many and it was revealed that Haier would be integrating Vechain Thor technology to their Cosmoplat solution. this partnership was huge for Vechain as Cosmoplat is the largest industrial internet platform in the world.
Vechain (VET) Partnership with Adidas For Game of Thrones Sneakers A Game Changer
The height of its partnership came recently as Adidas partnered with popular tv series game of thrones to produce custom sneakers. Vechain (VET) was chosen as the blockchain partner with its NFC chips integrated into each sneaker.
The chips have been programmed to track each sneaker and provide relevant information about the history of the sneakers. This is huge for the coin as these are the factors that could lead to a bullish run.
Vechain (VRT) price has moved steadily during this period of partnership announcements and currently trades for $0.006 in the crypto market.