The true value of the VET token is more than just a metric in the latest cryptocurrencies news. Latest reports and news on the coin showed that VeChain recently partnered with Bayer Pharmaceuticals, one of the leading companies in the industry. Today, we are exploring the topic of agriculture and how VeChain supports farmers globally in the production, sales and exports of food products.
In case you haven’t heard before, Producers Market chose to implement the VeChain ToolChain solution and trace agricultural food products – all in order to maintain and enhance their export competitiveness in the global market. A wider rollout with a growing global demand is pending as the collaboration currently targets Latin America and the Caribbean (LAC) agricultural farmers.
Other updates in the VeChain news also focus on the topic how VeChain supports businesses and industries at scale. As a reminder, the LAC region accounts for around 23% of the global exports in agricultural and fisheries products, which underscores the importance of trade openness at the global level.
Even more customers and end-users are looking towards digitized platforms in order to buy their products now. This shift in consumer behaviour shows how VeChain supports emerging industries like agriculture and pushes more manufacturers to digitize their business.
From supply chain management to distribution and communication strategies, there are many sectors where hopes for growth and forecasts for unemployment are spiraling upward – which is exactly where technologies like VeChain’s can be put to action.
Now that Producers Market has chosen the VeChain ToolChain solution, the one-stop BaaS Data Platform will bridge the gap between manufacturers and consumers by integrating blockchain technology inside the value chain. The CEO and co-founder at VeChain, Sunny Lu, commented on the news and said:
“Positioned as the enabler for our partners, VeChain aims to provide a standardized tool for the enterprises to build and integrate blockchain technology into their business easily. Whether targeted to large organizations or small companies, or even individual business owners, VeChain ToolChain™ helps you realize your exact vision and scale your business with a reasonable cost.”
Meanwhile, the price of VeChain (VET) on the market is at $0.006 with a 1.65% drop today.
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