VeChain Features on Forbes as Innovative Startup Powering Industrial Manufacturing

Forbes Digital Assets recently featured VeChain (VET) as a blockchain protocol revolutionizing industrial manufacturing.

This recently-published Forbes article labeled VeChain as a crucial startup in manufacturing. This recognition hinges on the protocol’s role in driving sustainability in the supply chain ecosystem for firms integrating its solutions.

What VeChain Brings to the Table

As a protocol designed for enterprise adoption, the versatility of VeChain in powering commercial operations is profound. Forbes highlighted the growing use of blockchain in manufacturing as it relates to boosting “transparency and traceability in the supply chain.”

Blockchain brings a lot of benefits to manufacturing, drawing on its security and immutability. As an embodiment of this revolutionary technology, VeChain aims to boost the quality of products and guarantee their authenticity from producers until they get to the final consumers.

Historically, VeChain’s role in this regard remains visible. Experts have attested to the relevance of VeChain in the supply chain sector with first-hand information derived from research. As reported earlier by The Crypto Basic, experts agree that the pioneering role of VeChain in the supply chain ecosystem can place it as a clear leader in the $18 trillion industry.

VeChain’s native token, VET, is recognized for its role in the ecosystem with backing from top exchanges like Coinbase, which added it to its roadmap earlier this year. As an altcoin, VET maintains an impressive price action riding on a momentary surge in its social dominance.

Growing Partnerships

VeChain also places a good premium on securing strategic partnerships. The protocol entered into a partnership with DappRadar in March, an alliance designed to improve cross-chain visibility for applications on the VeChain protocol.

With its Proof-of-Authority (PoA) technology, VeChain is playing a crucial role in driving blockchain usage in supply chain management, fueling the optimism its price can soar to $1 in the long term. For now, VeChain’s market value remains $0.01876, up 0.85% with market capitalization pegged at $1.36 billion.