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China’s Tesla Chery Jaguar Land Rover joins VeChain

VeChain impressively demonstrated the capabilities of its blockchain at the Chery Jaguar Land Rover Tech Fair in Changsu, China. Some of the largest global technology industries, including Microsoft, IBM, Amazon AWS, Accenture, GE, and China Unicom, attended the event. VeChain’s project manager, Tian Xinli, showed in a great way what VeChain’s blockchain-based solutions can do for the automotive industry.

The key to Tian’s launch was VeChain’s low-carbon digital ecosystem. This feature, along with other world-class blockchain solutions for the auto industry, caught the attention of well-known vehicle manufacturer Chery Jaguar Land Rover.

The platform’s novel low-carbon digital ecosystem is the IoT and blockchain solution to reduce CO2 emissions. The platform therefore enables its users to benefit from their efforts to reduce green gas emissions. As a result, given the current vehicle design trend focused on environmentally friendly engine systems, this solution will generate increased interest in the blockchain.

VeChain is expanding its strategic partnerships

The blockchain platform has nevertheless developed around this block and therefore has impressive partnerships with top vehicle manufacturers such as BMW. In particular, the German automotive giant has launched a digital vehicle pass called VerifyCar together with VeChain. Its main goal is to eliminate the widespread manipulation of odometers in Germany.

VEChain is known as one of the best-thought-out blockchain platforms and has been around since 2015. Its founder Sunny Lu was CIO at Louis Vuitton China. In addition, the platform has marketed itself as the leading product management token over the years.

The aim is to disrupt the product supply chain through faster, more efficient, affordable and immutable blockchain-managed product supply chains. This should help product manufacturers to interact transparently and interactively with products via intelligent contracts.

VeChain’s successes in this area could accordingly eliminate counterfeiting and increase brand protection and food safety for all benefactors in the product supply chain. As a result, VeChain has built a large fan base in terms of partnerships, which includes the patronage of companies such as H $ M, PriceWaterhouseCoopers, Kühne & Nagel, Bright Food and DB Schenker.

VeChains opportunity to build

Its coin switched from an ERC-20 token to its own blockchain in 2018 and was renamed from VeChain VEN to VeChain Thor VET in a transformative event the team behind it called VeChain Apotheosis. However, its price has fallen from highs of $ 8.46 to lows of $ 0.004.

The coin has seen a number of mini bull runs that could indicate a slow and steady increase. Therefore, since it has impressive strategic partnerships, it could soon be the digital currency to watch. Meanwhile, commentators saw last year’s slump as an opportunity to build. Crypto Briefing posted on Twitter what could possibly be VeChain’s strategy:

“While you were complaining about the price, VeChain saw the crypto winter as an opportunity to build. From BMW to Bright Food, here are some of the business applications that are cropping up in the VET ecosystem. “VeChains Sunny LU, VeChain, was so impressed that he retweeted this note and added his own,” The adult world is different. “

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