- The alliance gives VeChain access to NTT Docomo’s estimated 76.3 million Japanese users
- NTT Docomo plans to integrate VeChain into its 5G network that will be launched next year
- The VeChain project has seen significant growth since its launch
VeChain Thor, a distributed ledger technology (DLT) project focused on providing users with robust identity management solutions and more, has inked a strategic partnership deal with Japan’s largest mobile network, NTT Docomo, to enable the latter integrate VeChain (VET) into its 5G network scheduled to go live by 2020, reported U Today on January 8, 2019.
Another Excellent VeChain (VET) Achievement
As part of its strategy to become a formidable force in the ever-evolving blockchain technology ecosystem, VeChain has reportedly joined forces with NTT Docomo, Japan’s most extensive mobile phone network with an impressive user base of more than 70 million subscribers.
Per sources close to the development, the deal will enable NTT Docomo to integrate VeChain blockchain solutions into its 5G network scheduled to go live in 2020.
The move is a very significant one, as several big firms in the region including Sony, MUFG Bank and more, have already joined the NTT Docomo project.
Notably, the VeChain team has reportedly expressed their excitement over the new alliance, and they are optimistic that identifying with NTT Docomo would solidify their presence in crypto-friendly Japan and boost the image of VeChain significantly.
VeChain Succeeding Where Others Have Failed
At a time when thousands of blockchain and cryptocurrency projects have already kicked the bucket, with many others struggling to make a reasonable impact on the cryptoverse, VeChain has remained stable and unshakable.
Founded in 2015 by Sunny Lu, an alumnus of Shanghai Jiao Tong University, China, VeChain has grown from strength to strength ever since, forming alliances with several highly reputed firms across the globe, including PWC, Givenchy, Renault, Hyperledger and others.
Initially built upon the Ethereum smart contracts blockchain, VeChain officially gained its independence in August 2018 when it launched its Mainnet.
In December 2018, Blockchain Reporter informed that the VeChain Mainnet had successfully surpassed the 1 million transaction mark.
At current, the VeChain network is home to a vast array of blockchain projects including DECENT.bet, a cryptocurrency-powered gaming platform, MustangChain, Plair, BitOcean, KryptoMobile and a host of others.
At press time, the price of VeChain’s native altcoin VET sits at $0.004190, with a market capitalization of $232.42 million and a 24-hour trading volume of $4.72 million, as seen on CoinMarketCap.