VeChain is the leading blockchain in Singapore and will soon become one of the top 10 in the world. The distributed ledger technology was created to provide a secure and robust channel for the supply chain sector. Per our previous VeChain news, the VeChain nodes are the first to ever be created specifically to improve trust in the $50 trillion supply chain management sector. As this sector begins to explore blockchain technology, the first choice of most companies will be VeChain. This is one of the reasons why VeChain is going to reach massive adoption soon. However, this isn’t the only reason why the VeChain Thor price prediction is bullish. The latest VeChain Thor price prediction on CryptoNewz places the price of VeChain at $0.25 by the end of the year.
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VeChain is now among the top ten firms with the highest number of blockchain patents on a global scale. This is because VeChain is among the top projects that are fueling innovation. It has more than a proof-of-concept with several use cases within and outside the supply chain management sector. It solves real-world economic problems. So far, VeChain has 38 blockchain patents and more will be available soon.
VeChain (VET) Price Today – VET / USD
Out of these patents, one is meant for a tracing and sharing system for IoT vehicle information. This product uses the VeChain nodes to gather details about the vehicles life cycle. Another patent is for an anti-counterfeiting system implementation and design. This system uses the VeChain nodes to to prevent counterfeiting across various industries. There are other VeChain patents that aim to transform the world.
Another reason why VeChain is primed for more popularity and gains is that the VeChain Foundation has entered into many strategic VeChain partnerships with some leading companies across the globe. In our VeChain news in September, we announced that VeChain has entered into a partnership with an insurance giant in China, People’s Insurance Company of China (PICC). The goal of this partnership is to use the VeChain blockchain to improve trust in the insurance sector. Another one of the VeChain partnerships with three Norwegian firms involves using the VeChain blockchain to ensure the safety and traceability of fresh foods that are sent to China.
Let’s not forget that during the VeChain summit, a VeChain ToolChain was introduced to help encourage building on the VeChain blockchain. Professional services firm, Deloitte also migrated from Ethereum to VeChain. Many other partnerships have been made and there are more in the pipeline.
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At the time of writing, the price of VeChain was $0.007389. This means that it is up by 2.75% against the USD and up by 0.41% against the BTC. The trading volume over a 24 hour period is $12,013,385 and the market capitalization is $409,727,344. It’s going to take a massive bull run for the price of VeChain to hit the predicted $0.25 level. The cryptocurrency space in unpredictable. So, anything can happen. All we can do is wait and see.
What do you think about the VeChain Thor price prediction in our VeChain news today? Will the predicted VET VeChain forecast materialize. Share your thoughts in the comment section.