VeChain Partners with a Chinese State Owned Enterprise

VeChain recently announced that the partnership with Lingang International Manufacturing Exhibition Trading Center which is owned by the Shanghai Lingang Economic Development Group.

Kevin Feng, COO of VeChain was an honorary speaker in Blockchain & Industry Convergence Development Forum and the National Eastern Tech-Transfer CenterBlockchain Research Lab Establishment Conference which held on May 25th. VeChain signed the partnership at this event held in Shanghai.

The Lingang group is a state-backed enterprise directly held by the Shanghai State-Owned Assets Supervision and Administration Commission. This entity is responsible for the development of the Lingang area, employing over 400000 people and responsible for generating over $1 Trillion in GDP.

VeChain mentions:

This partnership enables VeChain to be continuously featured in the technology trading platform showcasing the technological innovations backed by the Eastern China Tech Transfer Center and the government of Shanghai Lingang.

Shanghai Lingang area is one of the most thriving hubs of innovation in China and is striving to become an international smart manufacturing center. It is working on creating five platforms: Research and Development, Technological innovation, standardized confirmation platform, data information platform and nurturing platform.

VeChain will fall in the research and development category and through this partnership with the trading center, VeChainThor Blockchain will help facilitate knowledge transfer both inside and outside the government industries to inspire new technological innovations.

Through this partnership, VeChainThor Blockchain will be explored to be used across multiple industries, government bodies, and research institutions.

Source: VeChain.

In other news related to VeChain:

VeChain recently released their 114-page long Whitepaper.

VeChain announced as runner-up at LVMH Viva Tech.

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