VeChain, the leading enterprise blockchain platform and behind altcoin project VET, continues to gain the trust of government agencies and organizations around the world. According to recent reports, VeChain has been awarded “High and New Technology Enterprise (HNTE)” status in the Shanghai region of China, which has banned Bitcoin. As shared via the VeChain Foundation’s official Twitter account, the prestigious award is seen as a confirmation of the excellence and advanced technology of Blockchain. As Kriptokoin.com, we are providing the details…
VeChain obtains special status in Shanghai
In a recent tweet, the VeChain Foundation said, “The three branches of the Shanghai government jointly gave VeChain a ‘ High and New Technology Initiative (HNTE)’ status! High-profile recognition acknowledges our technical excellence, our advanced technology.” In addition, the Shanghai government’s prestigious award will grant VeChain a special tax status, enabling the company to devote more resources to building important projects. A few days ago, Micromation, a Canadian-based IT consulting firm, announced a partnership with VeChainThor, a leading layer 1 smart contracts platform, to create a standardized traceability tool.
According to the report, the platform is designed to unlock data transparency and improve companies’ supply chain. It aims to leverage the utility built into Blockchain technology to help them improve their management capabilities, strengthen brand trust and tell the stories of their products. The report states:
Micromation has invested in specializing in VeChain ToolChain™, developing a comprehensive business plan and customer service package. TrueStoryteller combines VeChain’s incredibly powerful and sustainable Blockchain architecture with a standardized SaaS model to deliver a variety of rapidly deployable digital services for businesses and customers of all sizes.
What is the price status of Altcoin VET?
The report also noted that Micromation’s customer network consists of sustainability-focused brands that are eager to drive innovation in their industries. That’s why TrueStoryteller is designed to provide an excellent platform for innovation, leveraging the solid reputation Micromation has built over the years. At the time of writing, VET is trading at $0.049, up 5.8 percent.
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