VeChain (VET) Mini Bull Run Start After VeChain Has Set Its Sights On The Italian Market And Onboarding Chinese Food Giant – How High Will VeChain Go?

Even before the VeChain token swap, the team behind VeChain has been working hard to make it the leading blockchain in the cryptocurrency space. Apart from the ongoing development on the VeChain mainnet and its numerous use cases, the VeChain Foundation has sealed many strategic partnerships on a global scale. All these VeChain partnerships are going to bring VeChain closer to its goal of dominating the blockchain space.

Not too long ago, the VeChain Foundation announced that it was entering into a partnership with three Norwegian firms. This is one of the many VeChain partnerships that are related to the supply chain management sector. This partnership has to do with monitoring the supply of fresh food from Norway to China.

In our previous VeChain news, we talked about how the partnership between VeChain and BMW could drive the adoption and the price of VET. We have also talked about how the partnership with Deloitte can influence the adoption and price of VeChain.

VeChain News Today – The discussion between Sunny Lu and the Italian Prime Minister

Last week, sunny Lu, the CEO of VeChain had a discussion with the Italian Prime Minister. According to the VeChain VET news at the time, this meeting was about the integration of blockchain technology in Italy.

VeChain has set its sights on the Italian market. The discussion between Sunny Lu and the Italian Prime Minister tools place at the SEEDS And CHIPS Global Food Innovation Summit in the capital of Italy, Milan. They talked about the role blockchain technology will play in transforming the world positively. If the Italian government gives VeChain the backing to start exploring blockchain technology, this is going to promote the adoption of blockchain technology in Italy. In time, other governments will follow its lead and start creating the environment for blockchain technology to thrive.

While the details about the relationship between VeChain and the Italian government hasn’t been revealed, the fact that the Prime Minister is willing to listen is going to be a catalyst.

VeChain Thor Price Prediction

VeChain (VET) Price Today – VET / USD – VET Coin Price

NamePrice
bitcoin
Bitcoin
$18,958.30
vechain
VeChain
$0.015

At the time of writing, the price of VeChain VET was $0.007516. It is up by 0.22% against the USD. The trading volume over a 24 hour period is $19,257,651 and the market capitalization is $425,422,745. The VeChain Thor price prediction on CryptoNewz places the price of VET at $0.25 or higher by the end of the year.

VeChain News Today – Onboarding Chinese Food Giant

Almost every week following the VeChain token swap, VeChain hits the headlines for sealing one deal or crossing one developmental milestone after another.

One such collaboration is a partnership with Chinese food giant Bright Food, which has built a solution called Bright Code on top of the VeChainThor blockchain that is being used to track the Cupid Farm Milk product.

The new service allows users to track the product along the supply chain, get real-time updates and view other related data. VeChain is already working in the food and beverages, luxury goods and retail industry, and it is making some hefty progress. According to the investinblockchain; the project is also among the top 10 companies with most blockchain patents.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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