It is no longer business as usual for VeChain (VET) as more competitors enter the market shrinking the already available opportunities. This has seen VET up their game towards mass adoption which is poised to increase their global presence. The coin has continued to shine with the recent entry in to the Cyprian market through Invest Cyprus being seen as a ground breaking venture.
VeChain has been disrupting various industries and remained the favorite network for most governments with much of its support coming from the Chinese government and the recent move to Cyprus. The outfit becomes the most sought after by governments and this will see it transform the various sectors it is majoring in.
The coin is already playing a major role in drug tracking in the health sector, streamlining the insurance industry and playing a vital role in the supply chain management sector as well. The recent entry in the green energy sector is also a plus.
VeChain Enters the Lucrative Green Energy Sector
Early November the platform partnered with Shanghai Gas and ENN in a pilot project that will see the ecosystem enter in to the liquefied gas sector and streamline using the blockchain solutions:
VeChain Foundation @vechainofficial
VeChain partners with Shanghai Gas and ENN to pilot blockchain-enabled Liquified Natural Gas solution prior to national roll out.
– 1 Nov 2018
The trial project is a huge boost for VeChain and its success will see the VET coin value take a positive direction. The announcement made through the foundations’ twitter handle has elicited mixed reactions with the community coming in to support the move.
DJ McAuley @McauleyDjReplying to @vechainofficial
“Makes me wonder what else you guys have up your sleeve waiting to be released ;)”
With John G.Keogh, a VeChain follower adding:
@JGKeogh Replying to @vechainofficial
“Not sure if this is a true blockchain, a smart contract or a 30 year old permissioned DLT. Further, IoT with fuels need special approvals and certifications due to their risk of explosion from many devices with power sources. Look up NEALNet, manages 30% of global cargo.”
Safe Haven and Morpheus Equation on VeChain Mass Adoption
The end of September saw VeChain bring onboard Safe Haven and Morpheus Labs. The building of ThorBlock by Safe Haven is a bold move that will see more developers come onboard the VET platform raising the coin demand and increasing its usability.
“We are proud to announce that ThorBlock is now live on VeChainThor. You can explore ThorBlock here: https://thorblock.io . We are excited to hear your feedback. #ThorBlock #VET #SHA @SafeHavenio”
-31 Oct 2018
On the same note, Morpheus Labs, based in Singapore, has joined the VeChain fast growing partner community as this will see the two outfits collaborate in coming up with a marketplace based on a full stack-blockchain. According to their Medium blog, the CTO at VeChain Gu Jianliang has said:
“Morpheus Labs is excited to announce that we have inked a technical collaboration with VeChain that constitutes a breakthrough within the Morpheus Labs ecosystem. This significant milestone came after many rounds of study and on-boarding trials with VeChain.”
VeChain (VET) Market Performance
With the good news trickling in, the value of VET appears to continue to hold with a lot of expectations of a boom as the new partnerships continue to take shape. However, the VET holder will have to wait a little longer as the trial projects continue to be rolled out.
An eminent VeChain (VET) breakout appears guaranteed and the long term investor is set to be the beneficiary. As more governments and investment platforms continue to embrace the VeChain potential, the price has been steadily on the green trading territory with a 2.86% growth being experienced in the last 24 hours to trade at $0.010591to keep the coin at rank 20 by market cap.