Vechain (VET) has been around the block for a while with its aim of providing blockchain solutions alongside advanced IoT integration.
The blockchain platform has become attractive for manufacturing companies who use it to improve their supply chain management eliminating counterfeiting and enabling tracking of products to their final consumer.
Vechain (VET) Latest Partnership With Tech Giant Haier
The Latest partnership announced by the company is with tech giant Haier. Haier is the largest industrial internet platform for custom solutions and according to the report it plans to integrate the blockchain solution into its Cosmoplat solution
This partnership is good news for the Vechain as it stands to gain more exposure within the specific sector as investors grow confident in the blockchain project.
In addition, the blockchain has also extended its services towards other security sectors like food safety and anti-counterfeiting. In recent months Vechain has seen a rise in the number of companies adopting its solutions.
This Consolidates The Huge Partnership Announced In January
Vechain (VET) has continued to position itself as a leading platform in the food and wine industry. Earlier in January, the blockchain platform was adopted by three of the biggest wine producers in Italy.
The companies namely Ricci Curbastro, Ruffino Wines, and West Wind Wines were among the first set of companies to adopt the My Story blockchain solution powered by Vechain.
My Story solution is expected to bring an in-depth analysis of the wine products by providing information about the complete details of the wine brand.
Furthermore, it would also serve as an analytical tool for marketing as data collected from consumers can be utilized by manufacturers to understand different aspect of the market.
Vechain (VET) Price
Vechain price has been steady in the past few weeks with no significant increase or loss in value. The 23 largest coins based on marketcap has continued to hover within the $0.005 mark in the past week.
It currently trades for $0.0052 and saw a loss of 1.92% in the last 24hours but the recent partnerships are expected to give a jolt to the price of the coin. Vechain remains perfectly placed as we get closer to the Q2
