VeChain is one of the projects that have developed a block-chain solution in the industry-wide application. This requirement is missing in many of the digital Assets of the crypto market. In the long term can only enforce those that have show a clear Benefit.
The VeChain Foundation announced yesterday that they will be working together with DB Schenker, one of the world’s leading logistics providers. This partnership will be the way of the future for other projects in the industry, where the Blockchain technology can be used.
The technology of VeChain can come in many different areas. This includes Supply Chain Management, Asset Management, and brand protection. In the area of the logistics industry VeChain could push already with a great wine supplier, cooperation.
The approach of the VeChain Foundation in cooperation with DB Schenker is, all traders and global experts were to be included in the Ecosystem of their platform, to make as many business processes on the Blockchain measurable as possible. The project has set itself the goal to eliminate the complexity of the measurement of the performance and service quality quality for a comprehensive and seamless logistical solution for the entire business operation in China for trade and industry.
The VeChain Thor Blockchain is used for the management of suppliers. This VeChainThor to collect complex data for DB Schenker to make the Service the supplier’s measurable and to capture statistically. This first pioneer project in this area could develop into a great platform used by a wide range of additional logistics companies together and further developed.
The VeChain Foundation, explains that the Blockchain can change the future of the logistics industry is fundamental and leads to more confidence in the industry (freely translated):
Technology makes us better. We believe that Blockchain is able to change the logistics industry, and we look forward to working with more industry players in the construction of a logistics Ecosystem, which is based on mutual building, trust, cooperation and Benefit.
VeChain can win a further strong Partner, in order to evaluate the opportunities and potential of the Blockchain for the optimization of business processes and, possibly, in a larger framework.
The VeChain rate recorded, in line with the current market trends, a decline in the amount of – to 8.45 per cent on a price of 2.58 Euro. With a market capitalization of just under 1.4 billion euros VeChain space 17 of the largest crypto currencies in the world.
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