Wednesday, October 5, 2022
HomeCrypto NewsMarketVechain Becomes Blockchain Partner Of US-based Logistics Software Company

Vechain Becomes Blockchain Partner Of US-based Logistics Software Company

- Advertisement -
Follow-Us-On-Google-News

 

VeChain and OrionOne Ink Partnership to Foster Blockchain Adoption Among Logistics Companies.


 

VeChain has announced a partnership with OrionOne Inc to combine their technologies to foster the adoption of blockchain technologies among logistics companies.

Per a recent announcement, the integration of Vechain and OrionOne technologies will enable the latter to offer logistics companies the opportunity of utilizing blockchain in their businesses without investing in network infrastructure and digital currencies. 

The supply chain industry is estimated to grow to $42 billion per year by 2027. Despite this speculation, the industry still has many challenges for creating unique opportunities for blockchain innovation.  Commenting on the development, Jason Rockwood, the United States arm of VeChain Inc., said: 

“A key barrier to wide blockchain adoption is the application layer that connects infrastructure to specific business problems. OrionOne simplifies the data gathering mechanism and makes the value of blockchain tangible and easy to deploy. This in turn saves corporate clients time and money while staying current with the latest innovations in supply chain technology.” 

OrionOne’s Offerings

Prior to the partnership, OrionOne already offered logistics companies the ability to organize and manage people, goods, and resources across the entire supply chain. 

OrionOne’s services also entail providing an overview of a product’s movement to the market. OrionOne’s integration of VeChain’s tech to the platform will further enhance its services to logistics companies. 

The press release stated that an updated version of OrionOne’s website with VeChain’s functionality would be rolled out by August 15, 2022. 

Tommy Stephenson, CEO of OrionOne, took time out to heap praise on VeChain for its prowess in developing reliable blockchain and supply chain solutions. 

“When it comes to blockchain and supply chain, there’s only one game in town, and that’s VeChain. No other entity can compete with their low-cost, rapid deployment, and ease of use,” Stephenson said, adding:  

“We’re excited to integrate their blockchain into our products to bring VeChain to a wider network of clients.” 

Growing Adoption of VeChain

VeChain’s solution has been widely adopted across various sectors, especially supply chain and logistics. In June, UFC, a mixed martial arts organization, announced it had selected VeChain to become its official blockchain partner. 

Meanwhile, VeChain CEO Sunny Lu recently announced that the company wants to use its tech to change the world

- Advertisement -
Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

spot_img