The Vechian IoT codec has grown by more than 50% in value over the past 24 hours. What factor motivated it? Check out this article!
Analysts say VeChain's price increases for a range of successful partnerships could be guaranteed early this year and improve momentum in the global pre-coding market.
- Key partners
In May, the CCN reported that more-known "Big Four" auditors than PwC, acquired China's pre-coded shares for the purpose of using the VeChain IoT network to serve billions of dollars in customers. Corporations use PwC services.
At that time, Raymund Chao, Chairman of PwC Asia Pacific and Greater China, said:
"We are pleased to establish a deeper relationship with VeChain, to build a credible business ecosystem and to help solve long-term challenges in supply chain management. reputation and anti-counterfeiting areas. VeChain's mission is to address the important issues of PwC and build customer loyalty in society. "
PwC's involvement has made a significant contribution to VeChain's performance over the past three months as large corporations have begun expressing interest in the Vechain blockchain protocol.
The strategic partnership between PwC and VeChain in May is particularly valuable as PwC has acquired a small ownership interest in VeChain, as well as a plan to partner with VeChain as its investor. not the customer.
It is important to acknowledge the contribution of PwC to the long-term development of VeChain because most relationships are secured by blockchain projects in the pre-coding sector, Billion dollar benefit.
For example, many projects have confirmed strategic partnerships with large technology companies such as Google and Microsoft, but the actual nature of the deal is focused on paid projects. their service, not in any other way.
Since May, VeChain has expanded its service internationally, winning a contract with the Chinese government to develop a vaccine solution.
China's government has spent more than $ 3 billion in government blockbusters in 2018 to fund state-run blockchain funds, primarily to fund blockchain startups and advanced technology.
This month, the Chinese Ministry of Information Technology has asked local finance agencies to accelerate the blockchain trade, which will positively impact companies like VeChain because they are cooperating. with the Chinese government.
"The industry is still in its infancy. Technology can be beneficial, it can also lead to risks such as technical loopholes, and make it difficult for existing systems and standards. The ministry also said it would work with local authorities to promote the healthy and orderly development of the industry, "Xinhua News Agency reported, a state-run publication.
- Other factors
VeChain's price spike has clearly been boosted by the recovery of the pre-coding and toke markets. However, valuable partnerships that the company can ensure from the beginning of 2018 have recently pushed it forward and are likely to continue to have a positive impact on long-term growth.
@dieuvu (bigcoinvietnam.com)