Home / VeChain News / Vechain: Partnership with BYD Company and Interesting Connection with Anheuser-Busch

Vechain: Partnership with BYD Company and Interesting Connection with Anheuser-Busch

VeChain Thor is one of the most popular and participated cryptocurrency project in the market. It is a public blockchain which obtains its values from the participation and functioning of the members present on the platform. They are functioning to solve the actual economic problems in the actual world. The network uses the Proof-of-Authority of PoA because it uses low consumption.

VeChain blockchain platform has recently partnered with some of the most famous companies around the globe. It’s partners with companies including Walmart, BMW, DNG VL, and BYD. China’s one of the biggest electric car manufacturers, BYD or Build Your Dreams has launched its carbon banking solution and it is developed in the cooperation with DNV GL ns VeChain on the public blockchain platform.

The carbon banking solution of the BYD uses the automobile lifecycle management solution of the VeChain, which encloses all the branches of the automotive industry. This will be the first-ever case in which thousands of cars, trains, buses and also other vehicles will run on a public blockchain platform.

The CEO and co-founder of VeChain Sunny Lu said,

“As the global leader in green car manufacturing, BYD offered us the opportunity to pioneer real change. It takes innovators like BYD to make the world a cleaner place. Carbon banking will be a new reality for billions.”

Anheuser-Busch which the parent company of the Budweiser, Anheuser-Busch has announced that they will utilize the 21 BYD’s truck which functions on electric battery for their California fleet as a state project’s participant to display the cost-effective and environmentally friendly sustainable distribution technology and storing.

This will be the first biggest deployment in North America by the electric trucks. ‘The Zero Emission Beverage Handling and Distribution at Scale’ is the project which will display the second generation 8TT Class 8 electric trucks of BYD. They will distribute the products at four facilities situated in southern California including Riverside, Sylmar, Carson, and Pomona. The trucks of the BYD will be functioning on the public blockchain platform of VeChain and in this way the there is a connection established between Anheuser-Busch and VeChain.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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