electrical component manufacturer Schneider Electric, Definitely one of the biggest in the world and the giant company recently signed a very important partnership. Schneider, who wants to handle his own supply chain management, VeChain (VET) signed a partnership with the team.
New Partnership News from VeChain
In the post published yesterday by VeChain, the partnership was officially confirmed and it was stated that Schneider Electric became a digital ecosystem partner. With this partnership, VET will not only be an ecosystem partner, but will also take action to digitize the team’s economy model.
We are incredibly proud to share that #VeChain has just been officially announced as Schneider Electric’s Digital Ecosystem Partner!#VET continues to take the leading role in delivering public #blockchain to Fortune 500s, helping them digitise the economy with our technologies. pic.twitter.com/NuJUxQK8qU
— VeChain Foundation (@vechainofficial) December 28, 2021
VeChain recently made statements about a major partnership, but it was left as an element of curiosity with which company this partnership would be. The representatives of the two companies, who came together at an event in October 2021, seem to have already signed the partnership.
Schneider Electric is one of the Fortune 500 companies and has a combined market capitalization of over $100 billion. VeChain has made great partnerships before and has achieved great success by partnering with the government of the Inner Mongolia region.
VeChain does not just engage in government and corporate partnerships. The recent partnership with ZumoSwap has also been cited as a huge success for VET. VeChain has done a lot of partnerships before that too.
VET price, on the other hand, seems to have failed to turn this partnership into an uptrend due to the general trend of the crypto money industry. VET is down 4.6% in the last 24 hours and is currently trading at $0.085.
*Not Investment Advice.