Another Win For VeChain As Leading Thailand Bank Endorses VeChain Thor Praising Its Potential In Quality Assurance

If you didn’t know about the VeChain blockchain before the VeChain token swap, there is no way you didn’t hear of VeChain after the VeChain Summit 2019. This is because the VeChain Thor blockchain has gained a lot of popularity in recent time. One of the main reasons why VeChain has seen a surge in adoption is that the VeChain Foundation has sealed many VeChain partnerships that individually involve the use of the VeChain blockchain one way or another. The more people use the technology, the more others will learn about it and be propelled to use it as well. VeChain has also gotten thumbs up from big names in the Deloitte and Siam Bank.

 

VeChain News Today – VeChain Thor Price Prediction – VeChain Gets A Thumbs Up From Siam Bank

 

Subtle endorsements are important in the cryptocurrency industry. They should never be underestimated. A major institution, Siam Bank, which happens to be the largest bank in Thailand, recently published an article about blockchain technology. The article talked about the efficiency of blockchain technology in several sectors noting that the VeChain Thor blockchain has significant potential in quality assurance. Part of the post was as follows;

“Fashion industry, one of the world’s leading industry is also adopting Blockchain for proof of authenticity via a large public database. The middlemen-free database network cannot be altered, a practical way for investors and traders to verify brand name product authentication. Alternatively, Blockchain can display information of material origins or environmental friendly manufacturing process. Vechain is one of the example for Blockchain based technology Platform Company which revolutionizing product management with a comprehensive product supply chain information. This technology made safe and easy for manufacturer to sort, manage and share product information for both supplier and buyer.”

VeChain (VET) Price Today – VET / USD

NamePrice
bitcoin
Bitcoin
$7,245.13-0.08%
vechain
VeChain
$0.0058-7.23%

Getting recognized by Siam Bank is a big deal for VeChain and it may pave a way for more adoption in the fashion industry especially in Thailand. Companies will be eager to find out more about this VeChain Thor blockchain and how it can be integrated into their business. VeChain will eventually become the gold standard for identification across industries. Other nearby countries like China and Japan will be propelled to use the VeChain Thor blockchain. Eventually, VeChain will reach mass adoption on a global scale. This would lead to a surge in the price of VET as adoption typically affects price prediction.

VeChain News Today – VeChain Thor Price Prediction – Current prices Of VeChain

At the time of writing, the price of VeChain VET was $0.007651. This means that it is down by 3.65% against the USD and down by 2.50% against the price of BTC. The trading volume over a 24 hour period is $17,488,809 and the market capitalization is $424,268,401. With the kind of traction VeChain is getting, there is a strong chance that it will reach the $1 level sooner than we initially stated in our previous VeChain Thor price prediction. In the next few years, the VET price will have what it takes to move as high as $10 and even higher. As long as development continues and adoption continues, the only thing that may affect the upward trend for VeChain is the sentiment in the market.

What do you think about the VeChain Thor price prediction in our VeChain news today? Will VeChain hit $1 anytime soon? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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