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- VeChain has motivated several entities from different sectors to implement its solutions
- In coming years the ecosystem could possibly be the primarily mass adopted blockchain
- The blockchain is currently offering services to many large entities and SMEs globally
VeChain has been observed performing tremendously in almost every chart. The cryptocurrency has posted an increment of more than 2800% in a year. However, the reason behind the rally is numerous partnerships and non-stop advertising. Indeed, the project’s strategic partnership has helped it to motivate the entities from different sectors to join the platform. Moreover, the project has also managed to deliver such billion-dollar firms strategies and solutions. Simultaneously, VeChain has also secured a partnership to become an International Food and Beverage Trade platform.
VeChain is the best solution for building business
According to Jackson Fu, the strategic advisor of VeChain, the platform allows its partners to run the businesses at scale. The VeChainThor blockchain is also observed to be the best choice for companies creating authentic solutions and products. The project has also managed to solve mass adoption hurdles like preventing unstable transaction fees VET and VTHO token models. Indeed, the prevention eliminates the threat of congestion with its scalable network, which helps the protocols to adjust itself in response to network usage proactively.
On the other hand, ToolChain, the Blockchain-as-a-Service (BaaS) platform provided by the project, allows the users to build and deploy highly customizable solutions. Additionally, VeChain has also deployed new protocols that reduce fee delegation issues. It also helps cover gas fees for several users and decrease congestion on the network.
The VeChainThor blockchain could be utilized in many sectors
VeChain has already secured a lot of partnerships from numerous sectors globally. The partnerships also include FoodGates, ASI and DNV to be an International Food and Beverage Trade platform. On the other side, to become a Food Traceability Platform, it also collaborated with Walmart China and Sam’s Club. Also, it has strategic partners to manage clinical trials.
According to Fu, the list of VeChain’s partnership is by no means exhaustive. However, the previously mentioned partnerships are explaining only a few scenarios where the VeChainThor blockchain can be used.
In the current scenario, we can witness with what pace the demand for public blockchain is soaring tremendously. In coming years the need for public blockchain could achieve mainstream adoption. At the time, VeChain could potentially become the world’s first mass adopted public-blockchain.
