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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

This is why billion-dollar companies are building on VeChain

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
VeChain VET

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VeChain has been among the best performers in the crypto market on almost every chart. VET has posted an increase of over 2,800% in one year. Part of the reason for its rally has been the numerous partnerships that it has consolidated and VeChain’s team continues to advertise.

The Strategic Advisor of VeChain, Jackson Fu, has tallied up all the partnerships in an attempt to explain what has motivated these billion-dollar companies to join the platform. Geared towards corporate implementation, VeChain has managed to deliver strategies and solutions that according to, Fu, allows its partners to run businesses at scale. Fu adds:

VeChainThor public blockchain is already looking like the number 1 choice for businesses building real world products. VeChain has consistently managed to solve mass adoption hurdles, such as preventing unstable transaction fees with its VET-VTHO two-token model and eliminating the threat of congestion with its scalable network that proactively adjusts itself in response to network usage.

Fu believes that the Blockchain-as-a-Service (BaaS) platform offered by VeChain to its customers, ToolChain, allows them to build and deploy “highly customizable” solutions.  In addition, VeChain has deployed new protocols that reduce problems suffered by other blockchain, for example, fee delegation.

This allows an entity to cover the gas fee costs for several users, decreasing congestion on the network. Thus, VeChain has expanded its adoption cases. Fu said:

allowing dApp owners and businesses to pay the gas fees of their users and opening up dApps to the masses. VeChain excels at identifying and addressing business needs. This proficiency is reflected by the calibre of channel partners and companies they do business with.

Different sectors implement VeChain solutions

Some of the partnerships VeChain has been able to secure include that formed with FoodGates, ASI and DNV for an International Food and Beverage Trade Platform; the partnership with Walmart China and Sam’s Club for a Food Traceability Platform; the construction of the C-Secure platform with the giant Bayer to manage clinical trials, among many others. Fu adds:

This list is by no means exhaustive, the above represent just a few of the varied scenarios in which the VeChainThor blockchain can be utilized. As demand for public blockchain picks up pace this year and beyond, VeChain’s proven technology and successful business applications will surely see it becoming the world’s first mass adopted public-blockchain.

VET trades at $0,09 with important gains of 113% over the past month. In the weekly chart, VET registers 12.9% gains and 4.8% in the 24-hour chart.

VeChain VET
VET with impressive gains over the past year. Source: VETUSDT Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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