VeChain May Seal Another Automotive Partnership With Chery Jaguar Land Rover, How Will This VeChain Partnership Influence The Price Of VET?

VeChain News Today – VeChain partnerships keep increasing as the blockchain company goes about trying to accomplish its goal to become the most important blockchain in the space. The traceability solutions provided by the VeChain blockchain are incredible. An increase in the adoption of these solutions will boost the VeChain Thor price prediction this year and beyond. In our previous VeChain news, we talked about how these VeChain partnerships will eventually lead to massive adoption and increase in the price of the VET token. It’s true that the VeChain blockchain is efficient for the supply chain management sector but this doesn’t mean it can’t be adopted in other sectors. VeChain’s partnership with BMW and Renault show that the blockchain can make headway in the automotive sector. According to a recent VeChain news on Today’s Gazette, VeChain may be sealing a new partnership in the automotive industry.

VeChain News Today: VeChain Thor Price Prediction – VeChain Partnerships – VeChain To Partner With Chinese Automotive Manufacturer

A few days ago, IOTA announced that it was entering into a partnership with Jaguar Land Rover. This partnership would require the creation of a new cryptocurrency program using IOTA’s tangle. During the tech fair that took place in Changshu China, there was a display of the limitless capabilities of the VeChain blockchain by Tian Xinli. Chery Jaguar Land Rover was among those who witnessed the display and saw that blockchain technology has many applications in the automotive industry.

VeChain (VET) Price Today – VET / USD

NamePrice
bitcoin
Bitcoin
$18,992.19
vechain
VeChain
$0.015

During the event, Xinli talked about how the digital solutions provided by VeChain’s blockchain can be used in the automobile industry and particularly in the carbon ecosystem. You’ll recall that last year, VeChain partnered with DNV GL to develop an IoT and blockchain solution that would encourage people to partake in the carbon emission reduction in today’s society. Through this system, participants can earn credit when they make changes that will help make the environment safer by reducing carbon emissions.

VeChain News Today – VeChain Thor Price Prediction – VeChain Partnerships How Will A New Partnership Affect The Price Of VeChain?

At the time of writing, the price of VeChain was $0.007672. This means that it is up by 0.08% against the USD and up by 2.62% against the price of BTC. The trading volume over a 24 hour period is $16,805,167 and the market capitalization is $425,474,805. The price of VeChain will most likely hit the $0.0080 level before the end of trading today. Before the end of the year, there is a strong chance that the VeChain partnerships will drive the price of VeChain as high as $1.

If this particular partnership takes place, the price of VeChain will get a boost because there will be an increase in the adoption of the blockchain and in extension, the token. It may take a few years but all these VeChain partnerships will eventually have nothing but a positive effect on the VeChain Thor price prediction. 

What do you think about the VeChain Thor price prediction in our VeChain news today? Will the VeChain partnerships eventually lead to a surge in the price of the VET token? 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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