VET’s New Partnership Will Bring Blockchain To Many Untapped Industries

VET’s new partnership with the accounting and consulting company Grant Thornton Cyprus will bring the blockchain technology closer to many untapped industries as we are about to find out in the latest vechain vet news.

VET’s new partnership according to the announcement from the company, the partnership hopes to expand the blockchain solutions to hundreds of industries. These will be determined by the Cypriot company’s network for customers including parts of the logistics, pharmaceuticals, food industry, and supply chain management but also e-commerce, renewable energy, and more.

Discussing the interest in blockchain development with the accounting firm, Grant Thornton Cyprus’ director of distributed technology Alexis Nicolau noted that the legislation about the blockchain technology in Cyprus is imminent. Sunny Lu, the co-founder, and CEO of Vechain, believe that the pandemic helped to make a total restructure of the global economic order and said that the current situation encouraged VeChain to speed up the digitalization which will enhance the needs for digital solutions in the post-pandemic era.

The Vechain Foundation announced the blockchain-based food safety solution based on the blockchain-as-a-service platform and all of the services offered by the platform include templates for origin traceability, full-process traceability, and cross-border traceability.

Also, as per the recent Vechain news, A press release on Medium, VEchain-based VeriArti, announced the launch of the beta version of the Vulcan digital marketplace which is scheduled on August 6th. Vulcan will be released with 10 NFT (non-fungible-tokens) from VeriArti. Vulcan is a hub for all Dapps of the ecosystem to use as a marketplace and it is a place where you can post updates and make your own tokens.

VeChain pairs proudly with Avery Dennison Intelligent Labels to attend the 14th International Internet of Things Exhibition in Shenzhen, China. As the biggest IoT expo in Aisa, IOTE 2020 gathered more than 800 professionals from enterprises as well as 130,000 professional visitors from different industries including food, retail, and automobile. Vechain along with ADIL showcased a Blockchain+IoT” solution in front of enterprise attendees across the world.

De Cecco becomes Italy’s major food manufacturer to integrate the latest VEchain solution and with the adoption of My Care is a strategy designed to fight the risks of contagion that are arising during the current pandemic situation.