NTT Docomo, the telecom giant that had started its 5G Open Partner Program in February, has selected Vechain as one of its partners in the first batch. Vechain, with this partnership, will be able to utilize the 5 G infrastructure of NTT to deliver traceability use cases in Japan.
We chain aims to provide aims to provide next-generation technology services by utilizing 5G
As the world’s leading enterprise public blockchain platform, Vechain envisions to deliver next-generation technology services by utilizing 5G in collaboration with NTT Docomo on the VeChainThor Blockchain. The company’s goal is to boost and enrich its current data services capacity within traceability, supply chain management, and smartphones for its users. With its ongoing effort to bring traceability use cases in Japan into Vechain’s ecosystem, the 5G program will bring additional value to VeChain’s presence in the region.
To quote from the Vechain blog
“We are proud to participate in this program, collaborating with multiple cross-industry enterprises.”
This partnership program has already opened new doors for further cooperation on new endeavors. As a result, many new partnerships have been formulated and services will be onboard to the VeChainThor Blockchain. Notably, VeChain is currently in close talks with a leading company in one of the most notable Japanese industries. By combining our technology with NTT Docomo’s 5G, the power of the VeChainThor Blockchain continues to become stronger.
Vechain used its Twitter handle to announce this news.
VeChain is chosen for the NTT Docomo 5G Partner Program.https://t.co/ke9T0wxBhe
— VeChain Foundation (@vechainofficial) August 5, 2018
NTT Docomo determining 5G use cases with partners
In an interview to Mobile World Live in March, Hiroshi Nakamura, CTO of NTT Docomo had mentioned that the company is eager to determine precise use cases for 5G through discussions with partners to identify their exact future needs and expectations for the next-generation wireless technology. He also mentioned that it opened 5G trial sites in May 2017 and so far collected 15 exact use cases by working closely with its many partners across various vertical industries. This is the reason Japan’s largest mobile player, introduced its 5G Open Partners Programme and had already signed up more than 600 partners in its first month since launch
Unlike past mobile technologies, most future 5G services will be launched together with partners, he said:
“Our partners will benefit and be able to enhance their businesses by innovating.”
Tied in with identifying the key use cases is being able to monetize 5G services:
“We have a lot of challenges. But the technology part can be solved more easily than the marketing aspect, so we’re more focused on discussions with partners,”
Nakamura had also mentioned that he sees future 5G services moving in two broad directions: those supporting consumer lifestyles; and those enhancing industrial operations by expanding business opportunities or creating new markets.
The other key players that have been selected alongside Vechain to work on different use cases, such as banking, automobile, media, pharmaceuticals, insurance, IT service, etc., include prominent names like MUFG Bank, The Asahi Shimbun, Tokio Marine & Nichido Fire Insurance Co., Ltd., Astellas Pharma Inc., Sony and Okinawa Prefectural Government.
NTT Docomo is planning to upgrade its service to 5G (a high-speed network) before 2020 and the partnership with VeChain Thor will play a significant role in achieving the goal, especially in areas of traceability.
Will Vechain’s fortune turn with a Partner Like NTT? Do let us know your views on the same.
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.