Over the last few weeks, VeChain partnerships increased significantly. A partnership with Cupid Farm Milk saw the development of a supply chain tracking system which went live to track the supply of milk for the company. This partnership involved the development of a consumer confidence index and supply chain tracking system on VeChain Thor.
During the VeChain summit, the VeChain Foundation announced that they have developed a ToolChain that would make it easier for individuals and corporations to build on the VeChain blockchain. This BrightCode was developed seamlessly on the VeChain Thor blockchain using the ToolChain. Let’s not forget that the partnership between VeChain and DNV GL, which is geared toward quality assurance on the blockchain, has been yielding fruits. There are more partnerships on the horizon and these new VeChain partnerships can potentially lead to a surge in price.
Eventually, VeChain will have a dominant portion of the $50 trillion supply chain management sector. Keep in mind that this new tracking system isn’t the first to be used in the supply chain management sector that is based on decentralized technology. However, the fact that it has a consumer confidence index is encouraging. Customers can quickly use their smartphones to confirm the quality of the product.
VeChain News Today – Sunny Lu hinted a Suprise for the entire blockchain space
Sunny Lu hinted that there would be another big VeChain news in June. While the nature of the news was not revealed, he said that it has the potential to change the game not just for VeChain but for the entire blockchain space. So far, all the previous VeChain partnerships haven’t had a significant influence on the price of the VET token. According to the VeChain news on Cryptobriefing.com, this may be because these partnerships are geared towards enterprise adoption of blockchain technology and this doesn’t always appeal to the overall community.
VeChain Thor Price Prediction
VeChain (VET) Price Today – VET / USD
Before the end of the month, we would all know if this big announcement by the VeChain Foundation will have an effect on the price of VET. VET coin can cross the $0.009 mark by the end of 2019. The combined effort of partnerships, upgrades, and steady coin movement can result in an upward trend in the second half of the year.
VeChain News Today – The Best and Most Popular blockchain in the world
VeChain keeps making the headlines as the VeChain Foundation aims at making VeChain the best and most popular blockchain in the world. Ever since the VeChain mainnet launch and VeChain token swap, VeChain have delivered several products and sealed many partnerships. The VeChain blockchain has proven more efficient than Ethereum and many other blockchains. This is why professional services firm, Deloitte, migrated from Ethereum to VeChain and applauded VeChain for its speed and efficiency.
VeChain is seen as an unconventional cryptocurrency always thinking ahead of time and making strategic alliances to get noticed and increase the popularity of VET token worldwide. The current market scenario may be little slow, but it soon can revive back to a bullish trend bringing huge gains for the coin.
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