VeChain has co-developed a dApp with one of the world’s leading logistics provider DB Schenker. VeChain has been making a lot of announcements lately as it is approaching its mainnet launch that has raised the bar for the VEN price expectations.
Aiming to pioneer in logistics industry
As VeChain gets closer to its mainnet launch, it is announcing big partnerships day in and out. This is certainly a good news for the VeChain investors, enthusiasts, and hodlers. The latest collaboration is with one of the world’s leading logistics providers DB Schenker.
On its official Medium blog, VeChain talks about how VeChain Foundation is aiming to add value to the VeChainThor platform. This has been achieved by including the
“world’s best service providers, goods distributors, and global experts into their platform’s ecosystem to ensure the integration of as much business processes as possible.”
Now, the company is working with DB Schenker, “one of the world’s leading global logistics providers” with whom it co-developed a dApp.
VeChain has co-developed a dApp with DB Schenker, one of the world’s leading logistics providers. On top of other supply chain offerings, this solution tracks their third-party logistics partners performance. Collaboration at its finest.https://t.co/icwW4zxLwF
— VeChain Foundation (@vechainofficial) June 12, 2018
The transport and logistics division of Deutsche Bahn, DB Schenker has “a dense network of over 68,000 logistics experts in 2,000 locations.”
This partnership has the VeChian community in elation as evident from positive responses on Twitter.
Jessy Delisle Tweeted: “These guys won’t leave anything left for the other projects.”
While another Twitter user, royke23 commented, “Awesome, yet another real life use case in the business world with a huge organisation. Congrats!”
Vechain FAN shared his views with, “amazing project, amazing team, I am just speechless , by far best project, top 10 coin soon.”
“Suppliers globally will have a ranking upon packaging, transportation, quality of goods that will be fully visible and that consumers or users of their services will then be able to view and choose based upon the service they provide.Smashing it as usual.”
Tweeted another VeChain enthusiast, Prabs.
Hitting the highlights
With over 50 years of experience in China, DB Schenker is providing its services in 60 key cities across the country.
The company is able to offer extensive logistics solutions by collaborating with third-party logistics providers. However, this presents the challenge of measuring the performance and service quality of its business partners.
Now, with collaboration with VeChainThor platform, they have developed a supplier evaluation system. This marks the “first time a blockchain is used for supplier management purposes.”
VeChain concludes the blog with potential cooperations and collaboration in the future in logistics ecosystem.
Ranked at 16th position, VEN price is at $3.32 with a rise of 3.87 percent in the last 24-hours. It is also running in the positive against BTC and ETH.
For the past few weeks, VEN has been going through swings as the crypto market tries to gain its ground. However, with so many developments taking place and mainnet launch coming up, VEN price might soon see a bearish momentum.
What are your views on the latest VeChain development? Share your thoughts with us!
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.