VeChain (VET) Inks Partnership Deal with Object Computing Inc.

VeChain (VET), has attracted a new partner in Object Computing Incorporated (OCI). The deal will enable OCI to integrate VeChain’s blockchain solutions into its processes, according to a press release on September 18, 2020.

Supporting Global Supply Chain Initiatives

VeChain Thor (VET), a Blockchain-as-a-Service firm that’s focused on providing valuable resources for solving real-life problems, has attracted another partner in Object Computing, a U.S.-based firm established in 1993, with a mission to provide modern consulting services to its clients.

At a time when distributed ledger technology (DLT) is increasingly being used by forward-thinking organizations to eliminate opacity in complex supply chains, while also significantly reducing paperwork, Object Computing has made it clear that the partnership deal will enable it to become a Vechain Global Solutions Provider.

As a VeChain Global Solutions Provider, Object Computing says it would combine its expertise in developing highly functional supply chain solutions with VeChain’s ToolChain BaaS offering to support supply chain initiatives. 

A Formidable Alliance 

Object Computing boasts an expansive list of Fortune 500 customers across various industries, and the firm has revealed that it plans to marry its expertise in blockchain, machine learning and microservices with VeChain’s logistics stack, to make it easier for organizations to build complete solutions powered by VeChain’s Toolchain.

In the long run, Object Computing expects its alliance with VeChain to accelerate the adoption of blockchain technology in the supply chain ecosystem.

The firm wrote:

“Object Computing and VeChain share a common vision with regard to supply chain operations. Together, the two companies expect to turbocharge industry adoption of blockchain-enabled supply chain solutions.”

Founded in 2015 by Sunny Lu, a former CIO of Louis Vuitton China, VeChain’s blockchain solutions have gained significant traction in numerous industries across the globe, including healthcare, supply chain, logistics, and more.

Earlier in July 2020, reports emerged that Germany’s Federal Office for Information Security (BSI), has picked VeChain as one of the most relevant and robust blockchain platforms currently in existence.

In June, Sam’s Club China, a premium shopping chain owned by Walmart China, adopted VeChain (VET) for food supply chain traceability. And in August 2020, NSF International, a U.S.-based organization that’s dedicated to promoting best practices in the health sector, made VeChain the blockchain of choice for its COVID-19 Safety Protection Certification.

At press time, the price of VeChain (VET) sits at $0.013115, with a market capitalization of $843.47 million, as seen on CoinMarketCap.

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