VeChain, a leading enterprise blockchain platform, has been designated as a High and New Technology Enterprise (HNTE), according to the most recent report. The renowned prize is an acknowledgment of the blockchain’s quality and innovative technology, according to the VeChain Foundation’s official Twitter handle.
VeChain has maintained its position as the industry leader, earning the trust of governments and organizations worldwide.
Expansion and Adoption of VeChain
The news comes less than a month after VeChain announced the launch of a new European headquarters to serve its expanding customer base better.
VeChain’s successful blockchain initiative has resulted in several collaborations with well-known businesses and government agencies.
The system developed by the firm is mainly used to track various items utilizing blockchain technology. VeChain revealed earlier this month that it has been hired to create a government traceability platform in China and Mongolia to make it easier to track agricultural items like rice and millet.
Expansion and Adoption of VeChain
The news comes less than a month after VeChain announced the launch of a new European headquarters to serve its expanding customer base
better.
VeChain’s Partnership with Micromation to Build TrueStoryteller
Micromotion, a Canadian IT consulting business, has announced a cooperation with VeChainThor, the premier layer 1 intelligent contracts platform, to develop a standardized traceability solution.
According to the report, the platform intends to unlock data transparency and assist organizations in enhancing their supply chain management skills, increasing brand trust, and communicating product stories using the utility contained in blockchain technology.
Micromation’s customer network, according to the report, consists of sustainability-focused firms eager to promote innovation in their respective sectors. As a result, TrueStoryteller is developed to give the ideal platform for creativity, using Micromation’s long-standing reputation.
The VeChain business model is now being implemented by several major organizations, ranging from wine producers to automobile manufacturers. VeChain’s purpose, according to the company, is to create a trustless and distributed business environment with self-circulation and scalability.
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