Vechain (VEN) Joined With Bright Foods

VeChain (VEN) began trading in red while dropping against the dollar with the latest changes in the market which ended the period of rebound that lasted for about 4 days. However, though most suffered decrease against VEN dollars fighting against the market trend, we can see it win in other parts of the operation that's how Ven. VeChain add two more partnerships on the ship, thus increasing the chances of adoption bulk. Let's see how VeChain has been doing these days and also find out more about the latest partnership.

VeChain (VEN) sealed the Deal with a Bright Foods

New partnerships can really is part of "make" in the policies of "make or break" any digital asset, so it doesn't need to be said that sealing the new partnership is always welcome for any crypto.

The latest events, the VeChain Foundation have found allies in Bright Foods Group co. and Shanghai Xiandao Foods. Both companies are in the business of the food supply chain and Shanghai Xiandao Foods really makes a subsidiary of Bright Foods Group co. While Bright Foods was formed as a subsidiary of the Shanghai City Government.

Partnership sealed due to the fact that the two companies found a very nice goal in using VeChain Thor Blockchain. They use blockchain THOR to their inventory management as well as for their data management system.

With VeChain Thor Blockchain, Bright Foods and its subsidiaries both can trace their product from the original point where the product is still only be harvested until the final stages of the product to the point where the end product arrives at retail.

Bright Foods into a global company with more than 90 different subsidiaries and with more than 25 billion dollars the total market capitalization. Thus, it is very important to have them interested in technology blockchain, especially for VeChain Thor Blockchain in this case.

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This partnership is also very important for VeChain (VEN) as a platform that aims to be the best platform in the field of supply chain and operations, supply chain management also aims to change the way retailing is done.

With their platform, VeChain believed to be able to solve the problem of transparency in business supply chain because it is influenced by a strong collaboration between companies and retailers are different.

In addition to transparency, they also aim to establish maximum levels of functionality and efficiency, which can be achieved with the integration of the ecosystem that is quick and operative who represented business decentralized supply chains in which all business carried out with full transparency.

Instead of Bright Foods was able to recognize potential platform VEN in terms of supply chain management, may bring more recognition in the future to VeChain.