Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • Cryptocurrency
  • News

VeChain (VET), Mastercard and Alipay Join Australia-China Supply Chain Consortium

Solomon Odunayo May 4, 2020 2 min read
VeChain (VET) Can Now Be Used To Buy, Trade and Collect VIMs at VIMmarket

VeChain (VET), Mastercard, and Alipay are among the big players supporting the new APAC Provenance Council that focuses on Australia’s $76 billion of exports to China.


trade now

According to Cointelegraph, the consortium is targeted at providing solutions for authenticating and tracking food and other materials using blockchain technology.

Responsibility of Vechain (VET), Mastercard and Alipay in the Consortium

The aspect of trade financing outside China will be handled by Mastercard, and Alipay will handle goods from Australia to China, while VeChain (VET) will serve as the public blockchain for product tracking.

The co-founder and CEO of Fresh Supply Co., David Inderias, said Mastercard and Alipay aided the consortium to offer instant payments.

He said,

“[We offer] the ability to finance and facilitate payments instantly,” he said. “We can get our clients paid faster, so that means paying by credit. Typically terms of trade is receipt plus 30 days, so it’s exciting to a lot of our clients who can get paid instantly.”

“So what we’re saying is we’re taking B2B, extremely large invoices and fronting them short term credit for 30 days. So you can hold on to your cash so you have more working capital.

“If I’m a purchaser like Alibaba, I don’t have to use real money, I can use credit, so long as I settle in 30 days. And the benefit of that is the producer gets paid quickly.”

Sunny Lu, the CEO of VeChain (VET) said the new ecosystem will greatly help improve productivity. He said, “The implementation of blockchain technology certainly contributes to buffering the immediate economic impacts of the pandemic for enterprises, and will help improve productivity by unleashing more resources and growth opportunities.”

Aside from finance and blockchain companies, the consortium also has other members, such as food industry bodies, standards agencies, packaging, and labeling service providers.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Iranian Government Licensed Bitcoin Mining Farm to Set Up In Iran
Next: Bithumb Moves $11M in XRP as Analyst Foresees $5 XRP Price

Related Stories

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
3 min read
  • News
  • Press Release

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility

July 2, 2022
A Complete Guide To Cryptocurrency Security
11 min read
  • Cryptocurrency
  • Guide

A Complete Guide To Cryptocurrency Security

July 1, 2022
21Shares And Ark Investment Have Refiled For Spot BTC ETF
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

21Shares And Ark Investment Have Refiled For Spot BTC ETF

June 30, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$19,300.73
0.52%
ethereum
Ethereum (ETH)
$1,066.84
2.16%
tether
Tether (USDT)
$1.00
0.10%
usd-coin
USD Coin (USDC)
$1.00
0.06%
binancecoin
BNB (BNB)
$219.28
1.57%
Binance USD
Binance USD (BUSD)
$1.00
-0.06%
cardano
Cardano (ADA)
$0.454464
1.27%
ripple
XRP (XRP)
$0.315878
0.82%
dogecoin
Dogecoin (DOGE)
$0.066580
-0.19%
polkadot
Polkadot (DOT)
$6.80
1.52%

Recent Posts

  • LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
  • A Complete Guide To Cryptocurrency Security
  • 21Shares And Ark Investment Have Refiled For Spot BTC ETF
  • Discussing the Danger And Value Of Following Other Crypto Traders
  • Best Ways to Generate Crypto Passive Income
  • A Beginner’s Guide To Web3 Gaming
  • What Risk Management Rules Should Crypto Traders Follow?
  • Pharma Bro Martin Shkreli Is Optimistic About Decentralized Finance
  • Central African Republic Intends To Set Up A Hub To Attract Crypto Enthusiasts
  • BTC Fear & Greed Index Suggests Return to Sub-$20K
  • Public Vs Private Blockchains: How Do They Differ?
  • Stacks (STX): Reversal Inside Wedge Setup Targets $0.3 Support
  • Top Blockchain and Bitcoin Books to Read in 2022
  • What Investors Should Know about TRX as Tron Marks 4th Anniversary
  • Here’s Why Whales Are Scooping AAVE

Categories

You may have missed

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
3 min read
  • News
  • Press Release

LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility

July 2, 2022
A Complete Guide To Cryptocurrency Security
11 min read
  • Cryptocurrency
  • Guide

A Complete Guide To Cryptocurrency Security

July 1, 2022
21Shares And Ark Investment Have Refiled For Spot BTC ETF
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • ETF (Exchange Traded Fund)
  • News

21Shares And Ark Investment Have Refiled For Spot BTC ETF

June 30, 2022
Discussing the Danger And Value Of Following Other Crypto Traders
11 min read
  • Cryptocurrency
  • Guide

Discussing the Danger And Value Of Following Other Crypto Traders

June 30, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%