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According to a recent report, VeChain, the leading enterprise blockchain platform, has met with the representatives of the Shanghai Changning and Huangpu District Government, to discuss potential transformative collaborations.

The new development was announced moments ago via the official Twitter handle of the VeChain Foundation. In the report, the readiness of VeChain (VET) to add value to society was reiterated.

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The discussion was based on how blockchain will play an important role in the development of the national digital economy, an aspect where VeChain will be largely functional.

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VeChain Foundation tweeted, “Shanghai Changning and Huangpu District Government reps made a visit to our office, and we were glad to discuss about potential transformative collaborations. The VeChain blockchain is ever-ready to serve the community, enterprises, govts and more.”

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According to a pseudonymous VeChain community member identified on Twitter as eisenreich, who first announced the development, during the seminar, the Director Pan Min repeatedly expressed his recognition and affirmation of VeChain Technology’s business development direction.”

Partnerships Are Making VeChain Bigger

VeChain blockchain continues to make a name for itself as an enterprise-focused supply chain and logistics blockchain solution, becoming very popular in the process.

To be quite sincere, VeChain has its major use as a supply and logistics blockchain. Many large businesses are using its solution to ensure that inventory from start to sale can be properly accounted for. The platform gets bigger with the increase in the number of partnerships with large enterprises.

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One of the notable companies using VeChain is a Norwegian company called DNG, the world’s largest classification society, which provides services for 13,175 vessels and mobile offshore units.

Securing collaboration with Shanghai Changning and Huangpu District Government as aforementioned will be a big boost to the growth and development of the enterprise blockchain platform. It will also open the door for similar collaborations in the future.

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.