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VeChain Awarded the Status of ‘High and New Technology Enterprise’ by Three Shanghai Government Bodies

VeChain, the leading enterprise blockchain platform, has continued to impress as the leader in its chain, winning the trust of government bodies and organizations across the world.

According to the latest report, VeChain has been awarded the status of ‘High and New Technology Enterprise (HNTE)’. As shared via the official Twitter handle of the VeChain Foundation, the prestigious award comes as an acknowledgment of the blockchain’s excellence and advanced tech.

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VeChain Foundation tweeted, “Three bodies of the Shanghai gov jointly awarded VeChain the status of ‘High and New Technology Enterprise (HNTE)’! The high-profile recognition acknowledges our technical excellence, advanced tech & grants special tax status, allowing us to dedicate more resources to building!”

VeChain Partners With Micromation to Build TrueStoryteller

A couple of days ago, Micromation, a Canada-based IT consulting firm, announced a partnership with the leading layer 1 smart contracts platform, VeChainThor, to build a standardized traceability tool

Read Also: VeChain Officially Announced as Schneider Electric’s Digital Ecosystem Partner, a Fortune 500 worth $110 Billion

According to the report, the platform aims to leverage the utility embedded in blockchain technology to unlock data transparency and help companies improve their supply chain management capabilities, strengthen brand trust and tell the stories of their products.

The report reads in part as follows:

“Micromation was invested to master VeChain ToolChain™, develop a comprehensive business plan, and client service suite. TrueStoryteller combines VeChain’s incredibly powerful and sustainable blockchain architecture with a standardised SaaS model, offering a variety of rapidly deployable digital services for businesses and clients of all sizes.”


The report further stated that Micromation’s client network consists of sustainability-focused brands that are keen to drive innovation in their respective industries. So, TrueStoryteller is designed to provide a perfect platform for innovation, benefiting from a solid reputation built by Micromation over the years.

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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