VeChain (VEN) Partners With Lingang, Now Close To Shanghai Government

VeChain and Liangang, an International Intelligent Manufacturing Exhibition Trading Center have signed a collaboration as an aftermath of the 2018 Blockchain & Industry Convergence Development Forum and the National Eastern Tech-Transfer Center Blockchain Research Lab Establishment Conference that were held in Shanghai on May 25th, 2018.

The exhibition trade center which is owned and operated by Shanghai Lingang Economic Development (Group) Co., Ltd, according to a statement by VeChain, assembles global innovation resources, opens up the “last mile” of scientific and technological achievements, and upholds the conversion of scientific and technological innovation achievements.

The sealed deal will give VeChain the opportunity to be featured in the technology trading platform, showcasing technological innovations backed by the Eastern China Tech Transfer Center and the government of Shanghai Lingang, the statement has inferred.

It is expected that the partnership will bring about development of the VeChainThor Platform owing to the tentacles of Liangang, especially the possibility that VeChain will be placed in different exhibitions organized by the company, thereby increasing the blockchain company’s reach within and outside governmental industries, and also heightening its development and outreach.

Also, the collaboration carries organizations affiliated to Lingang International Intelligent Manufacturing Exhibition Trading Center and Shanghai Lingang.

Lingang Group, which operates the exhibition trade center, is a big group owned and managed directly by the Shanghai State-Owned Assets Supervision and Administration Commission.

The company, being the firm that focuses on investment, development and operation of industrial parks and related supporting services in the park for the area, it also serves as the government administrator in their development zones. It has helped employed more than 400,000 people, registered over 8,300 enterprises to their zones, and has generated more than 7,400 Billion RMB for the Shanghai Lingang area.

While the Shanghai’s Lingang Area is pulling effort to becoming an international smart manufacturing center, it has built around five platforms for technological innovations and research to expedite the object of becoming the smart center.

VeChain Bags Runner-Up for the LVMH Innovation Award

At this year’s VivaTech event which was held by LVMH Moët Hennessy Louis Vuitton SE, VeChain was declared one of the two runner-ups among the over 800 participants competing for the award.


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Niyi Adejare Moses Author

Niyi Adejare is a cryptocurrency analyst. He has written many articles on cryptocurrency, technology, and personal development.

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