New partnership will revolutionize blockchain architecture smart contracts
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- As part of this partnership, VeChain and Electi will work together to improve VeChain’s smart contract capabilities.
- The two will work together to promote AI, blockchain and cryptography and make these technologies accessible to customers so they can reach their maximum potential.
The popular Layer-1 smart contract blockchain platform, VeChain, has formed some key partnerships lately. In the latest development, the Vechain Foundation has entered into a strategic collaboration with Electi Consulting. The official announcement from Electri Consulting noted:
Electi is pleased to announce its strategic collaboration with the VeChain Foundation, the world leader in enterprise level L1s. smart contract platform, with an ultra-low carbon footprint and highly scalable blockchain architecture.
With our goals aligned, Electi and the VeChain Foundation will focus on developing valuable ideas and deploying innovative solutions to further enhance VeChain’s smart contract capabilities.
VeChain developments and partnerships
There have been some key developments in the VeChain ecosystem recently. VeCarbon, the carbon management SaaS system recently obtained “Class III certification” to provide its services to the carbon management SaaS industry.
Earlier this week, VeChain also became the official Layer-1 blockchain partner of the world’s premier mixed martial arts organization, the UFC. Paul Asencio, Senior Vice President of Global Partnerships at UFC, said, “VeChain’s expertise in using real-world blockchain applications to help public and private sectors achieve their carbon neutral goals is an effort we are proud to support. We look forward to working with VeChain to leverage the global popularity of UFC to promote a positive message that blockchain technology can be used to protect our environment for future generations.
Over the years, VeChain has partnered with several top companies including Walmart, Bayer, BMW Group, BYD Auto, LVMH, etc. Despite recent developments, the price of Vechian native token VET is falling. Over the past month, the price of VET has corrected by more than 20% and is currently trading at $0.0237 with a market cap of $1.7 billion.
Electi consulting is a major player in the market that focuses on technical and commercial consulting. It focuses on the key areas of data science/analytics, digital transformation and strategy, blockchain technologies, artificial intelligence, and information security. Theodosis Mourouzis, Managing Director said:
Electi’s vision is to promote AI, Blockchain and Cryptography and make these technologies accessible to customers so that they can reach their maximum potential.