- VeChain has announced that it is in partnership with supply chain giant DHL
- The partnership aims to produce blockchain solutions for the industry
- Other partners with DHL include Google and Nikon
VeChain has scored a new coup. This Wednesday, VeChain’s country manager for Singapore tweeted that the platform was added to the DHL APAC Innovation Centre’s Partner Wall:
“Quick update: @vechainofficial has been incepted unto DHL APAC Innovation Centre’s Partner Wall! The center provides an immersive experience to clients by introducing new solutions from both established co.
& startups. We look fwd to collaborations with the DHL team #GoVeChain”
Supply Chain Solutions
The DHL innovations center was set up in 2015 to help in the creation of innovative logistics and supply chain solutions, leveraging self-driving vehicles, robotics, internet of things and augmented reality.
The parent wall is a display that shows the companies that the center considers official partners and who they make these developments with. Current partners include Google, Fujitsu, and Nikon.
With this new addition, VeChain can now begin working in collaboration with DHL to produce blockchain-based solutions for the logistics industry.
This is not DHL’s first foray into blockchain technology. Earlier this year, the company released a report in collaboration with Accenture, a technology company, on the possibility of blockchain technology revolutionizing the logistics and supply chain industry.
“The experiments with blockchain in finance are well known, but we believe logistics is an area where the new technology will have a truly profound impact,” said Matthias Heutger, Senior Vice President DHL Customer Solutions & Innovation. “Implementing productive solutions, however, will require further technological development and, critically, a collaboration between all stakeholders.”
Blockchain as a Service
VeChain has always operated under a business model of blockchain platforms as a service. Recently, they released their Q4 report which mentioned a number of collaborations in the future including work with Plair, Decent.bet, and OceanEx.
DHL wasn’t named in the report which makes this announcement an exciting surprise.
It has also built a large portion of its business around smart contacts and supply chain management. By joining forces with one of the biggest names in supply chain management in the world, VeChain could see its platform’s use expand significantly over the next few years.
Now that the announcement has been made, only time will tell the new supply chain solutions that this new partnership will bring.