Saturday, January 22, 2022

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

VeChain, the leading supply chain management platform, has officially been announced as a new partner of Schneider Electric’s Digital Ecosystem.

The new development was shared via the official Twitter handle of VeChain Foundation. It’s worthy of note that Schneider Electric is a Fortune 500 company with a relatively $110 billion market capitalization.

Read Also: VeChain’s MyBaby Has Been Announced as a National Innovation Project by the Cyberspace Administration of China

According to Companiesmarketcap, the firm is currently the 136th largest company in the world. The foundation noted in the report that VeChain has been working with Fortune 500 companies, helping them digitize the economy.

VeChain Foundation tweeted, “We are incredibly proud to share that VeChain has just been officially announced as Schneider Electric’s Digital Ecosystem Partner! VET continues to take the leading role in delivering public blockchain to Fortune 500s, helping them digitise the economy with our technologies.”

It should be noted that Schneider Electric is a French multinational company providing energy and automation digital solutions for efficiency and sustainability.

Read Also: VeChain Brings Canadian Sustainable Apparel, Frank And Oak, To Its Asian Customers via Its Notable Utility

VeChain Use Cases Keep Growing In Adoption

VeChain has continued to make headways in its quest to ensure the global adoption of blockchain technology. Governments are also leveraging the utility embedded in the enterprise blockchain platform.

On 24th December, VeChain Foundation announced that the government of Inner Mongolia has chosen VeChainThor blockchain to power a massive and full traceability platform.

The foundation sees the new development as a huge step forward for both VeChain and the blockchain ecosystem as a whole.

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Read Also: VeChain Solutions Gain Notable Adoption in the U.S. Fashion Market via Latest Partnership with Deadstock

VeChain Foundation reported, “We are proud to announce that the Government of Inner Mongolia, China has chosen VeChainThor to power a massive, full traceability platform! This milestone, Government-led project is a massive step forward for VeChain and the mass adoption of blockchain.”


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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