- VeChain recently entered into a partnership with Japan’s largest telecommunications operator
- The firm published a blog post recounting their 2018 achievements and 2019 goals
- The current price of VET sits at $0.003
VeChain, the Singapore-based blockchain supply chain management platform had quite a spectacular 2018, and the community hopes to carry the positive momentum into 2019.
The project, known for forming high-profile partnerships with organizations the world over and providing blockchain-based product management solutions recently formed an allegiance with Japan’s largest mobile network provider, NTT Docomo. The development has been lauded by many in the cryptoverse and could provide entry to NTT’s 76.3 million Japanese users.
VeChain published a report on its blog, on January 9, 2019, titled “A 2018 Reflection and 2019 Outlook.”
With that said, let’s recount some of the prominent achievements of the VET community in recent past, and what the proponents of the project can look forward to in 2019.
VeChain has been able to form a loyal base of proponents in a relatively short period of time. The not for profit organization’s mainnet launched in mid-2018 and has already surpassed 1 million transactions on it.
In their blog post, the firm states that despite the troubling times for cryptocurrency markets in 2018, it looks forward to mainstream adoption of DLT-based supply chain solutions. The community notes that as the first decade of Bitcoin’s existence comes to a closure, crypto’s growth in the next ten years will be spearheaded by professionals, thought leaders, and enterprise adoption.
On December 18, 2018, the Singapore-based project entered into a partnership with Safe Haven to enable cryptocurrency inheritance through its platform.
Similarly, on December 17, 2018, the community partnered with BIOS to provide BaaS (Blockchain-as-a-service) offering in the Middle East.
Perhaps one of the biggest attractions of 2018 came in the form of a partnership with the Japanese tea company Fuji MARUNO to track their products through the supply chain.
More can be learned about the recent VeChain developments here.
What’s in the pipeline for 2019?
The VeChain community will be looking to outdo themselves in 2019; something they’ve already hinted at in the blog post.
The blog post notes the firm will be looking to looking to grow its ecosystem of enterprise applications and dApps to support real business activities. The post further adds that in addition to offering developer documentation and tools, VeChain will also provide smart contract templates, SDKs and turnkey package templates. The firm will also look to expand its illustrious resume of partnerships with leading companies.
At press time, the price of VET altcoin sits at $0.003 with a total market cap of $220 million and 24 hour transaction volume of approximately $4.5 million.