- VeChain transforms supply chain with PwC, elevating traceability and product safety for giants like IBM.
- VeChain and Walmart China alliance improves food safety, using blockchain to monitor products during transit.
These partnerships, especially with multi-billion dollar companies in the logistics and supply chain sector, not only validate the usefulness and effectiveness of VeChain’s blockchain solutions but also set a precedent for their mass adoption in various industry sectors.
A Future Redefined by the Blockchain
VeChain has positioned itself as an innovative solution designed to improve supply chain processes through traceability, transparency and management of carbon solutions.
In the face of the inherent complexity of the supply chain industry, VeChain’s strategy of forging partnerships is critical to ensuring a successful end-to-end supply chain process.
To date, VeChain has established collaborations with more than 300 business partners. This article focuses on 12 of these high-impact partnerships that promise to transform industries in significant ways.
Strategic Alliances That Make a Difference
- Kuehne & Nagel: This partnership, established in 2016, stands out for its scale. Kuehne & Nagel, a giant in the logistics and supply chain industry with revenues in excess of $22.4 billion, uses VeChain blockchain technology for real-time package traceability.
- PriceWaterhouseCoopers (PwC): In 2017, PwC, one of the Big Four global auditors, partnered with VeChain to implement its blockchain solutions across its extensive client base, including companies such as IBM, Ford, Dell, Cisco and 3M, in addition to more than 400 of the Fortune 500 companies.
- Walmart China: Collaboration with Walmart has enabled temperature-controlled product monitoring during transit, reducing the risk of spoilage and contamination and promoting food safety.
- UFC: VeChain became the UFC’s first official Layer 1 blockchain in 2022, gaining access to a television audience of 900 million households in 175 countries.
- Groupe Renault: In partnership with Microsoft and Viseo, VeChain developed a digital maintenance book for automobiles that is tamper-proof.
- Republic of Cyprus: VeChain collaborates with the Cypriot government and Invest Cyprus to develop and implement innovative blockchain solutions.
- Direct Imported Goods (D.I.G): VeChain enables customers to validate and track winery data throughout the supply chain using smart NFC chips in wine bottles.
- National Research Consulting Center (NRCC): Uses VeChain technology to develop and implement anti-counterfeiting technology.
- Fanghuwang: Uses VeChain to improve data collection, storage and sharing by developing VeVid, a Dapp that provides a digital ID and KYC tool.
- ENN Energy Holdings Limited: Works with VeChain and Shanghai Gas Group to create an LNG management solution using Blockchain and IoT technology.
- DNV GL: Implemented VeChain’s first Dapp, My Story, a digital assurance solution for the food and beverage industry.
- NTT Docomo: Partnered with VeChain to develop 5G technology, strengthening its position in the telecommunications market in Japan.
Leading Industrial Transformation with Blockchain
These partnerships underscore VeChain’s vision and commitment to innovation and the new digital era. By collaborating with giants from diverse industries, VeChain not only expands its influence but also demonstrates the potential of its blockchain solutions, establishing a solid path towards mass adoption across multiple sectors .
VeChain’s strategy of partnering with world-renowned entities is testimony to its potential to lead and accelerate the digital industry through blockchain technology.
