VeChain (VEN) Supports VeChainThor with Shanghai Company Partnership

VeChain has some pretty exciting news for the crypto enthusiasts. Keven Feng, VeChain COO was invited as an honorary speaker at The 2018 Blockchain & Industry Convergence Development Forum and the National Eastern Tech-Transfer Blockchain research lab establishment conference which was held in Shanghai on May 25.

VeChain teams up with Lingang Group

Lingang is a company owned by Shanghai Lingang Economic Development Group. Lingang Group is a venture that’s owned by the Shanghai State-Owned Assets Supervision and Administration Commission which is one of the most important organizations regarding advancement, speculation, and activity involving administration in the recreation center of Shanghai.

VeChain’s mission is to develop a distributed business ecosystem that enables enhanced transparency in data, effective collaboration and high-speed transfers. The VeChain Thor is a developed model of Blockchain that offers predictable transaction fees and enhanced financial services. It brings lots of benefits to developers, and it is able to solve most of the existing issues related to the blockchain transaction systems.

Understanding the necessities of Blockchain innovation

The conference was targeted at understanding the needs of the Blockchain innovation. The discussion was held in order to support the advancing areas of the crypto space.

VeChain tweeted about the partnership saying that together with Lingang Group the two companies signed a partnership with Lingang International Manufacturing Exhibition Trading Center at the 2018 Blockchain & Industry Convergence Development Forum.

VeChain also added an article on Medium that details more about this partnership with With Lingang International Manufacturing Exhibition Trading Center.

Closing words

This partnership between VeChain and Lingang allows the Shanghai-based company to support innovation via the VeChainThor Blockchain across various industries, research institutions, and governments. The partnership also adds more strategic value to the future of the entire crypto space, so it’s not beneficial just for the parties involved.




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