Collin Brown, a renowned Blockchain researcher, highlighted the instrumental role of altcoin VeChain in shaping the ever-expanding logistics market in a recent tweet that caused ripples in the Blockchain and logistics industries. Brown’s tweet shed light on VeChain’s innovative approach, positioning it as a pioneer in this rapidly growing industry. Here are the details…
Famous researcher made a statement for this altcoin
Brown’s assertion is supported by the belief that VeChain is poised to revolutionize supply chain logistics by providing transparency, authenticity, and compliance through the strategic application of blockchain technology, smart contracts, and the Internet of Things (IoT). The most compelling argument made by Brown is the projected value of the supply chain market, which is estimated to rise to $18.23 trillion by 2030. This astronomical figure has undoubtedly attracted the attention of industry experts and enthusiasts.
🚀 VeChain Leads the Way in $18.23 Trillion Logistics Market 🌐✨
With a market poised to reach $18.23 trillion by 2030, #VeChain is at the forefront of logistics innovation. Utilizing blockchain, smart contracts, and IoT, VeChain ensures transparency, authenticity, and… pic.twitter.com/7G33xtX9PP
— Collin Brown (@CollinBrownXRP) October 13, 2023
To strengthen his case, Brown pointed out some notable success stories involving VeChain in the logistics market. For example, retail giant Walmart uses this platform to meticulously track the journey of fresh produce from field to shelf. Additionally, luxury automaker BMW has added an extra layer of trust and reliability for customers by using VeChain to authenticate its high-end vehicles. On the sustainability front, DNV GL, a global quality assurance and risk management company, trusts VeChain to perform sustainability certification of seafood, contributing to the protection of our oceans and marine life.
The logistics market may experience a 3-fold growth
Moreover, Brown’s endorsement extends to prestigious global consulting firm PricewaterhouseCoopers (PwC), which uses VeChain to protect luxury goods and prevent counterfeit products from entering the market. This level of recognition for a firm of PwC’s caliber is critical for VeChain, which is behind the altcoin VET. Brown’s VeChain comment follows a report by Precedence Research, a strategic market analysis firm with operations in Canada and India. The report strengthens the potential of the logistics market by emphasizing that the global logistics industry is worth $7.98 trillion by 2022.
According to estimates from Precedence Research, the value of this market is expected to almost triple by 2030, reaching a whopping $18.23 trillion. This statement makes a strong case for VeChain’s pivotal role in the future of logistics. With its innovative approach and growing list of high-profile adopters, VeChain stands poised to lead the way in this rapidly evolving $18 trillion logistics market. The blockchain community and the logistics industry are eagerly awaiting developments from VeChain, which continues to pave the way for a more transparent, secure and efficient future in supply chain management.
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