Vechain providing blockchain technology for PwC and Walmart China partnership

Enterprise blockchain startup, Vechain, has announced that they would be providing blockchain technology for PwC and Walmart China partnership for food safety tracking. The news was announced by Sunny Lu, the founder, and CEO of VeChain foundation on Twitter.

According to Sunny Lu, around 500 food suppliers of Wal-mart will be tracked on Vechain’s blockchain. If the PwC partnership is successful, other companies will join Vechain’s enterprise solution.

This new partnership is seen as a big move for the future of the public blockchain industry. The new partnership also proves that big enterprise is not looking at Private blockchains alone, but are also interested in Public blockchain.

Vechain Community Happy

The news of this partnership has made the cryptocurrency especially the Vechain community very happy. Most of the Vechain’s investors took to Twitter to congratulate Sunny Lu and his team on the above achievement.

Vechain’s price is a good example of how the community appreciates this partnership. Vechain increased by a whopping 30% in 24 hours after this announcement. It is currently trading at $0.0093 and has a market cap of $517 million. Vechain’s trading volume is up as well with 24-hour trading volume at $237 million.

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.