VeChain Partners With TruTrace For Wider Blockchain Adoption

VeChain Partners With TruTrace For Wider Blockchain Adoption
  • In late August of 2022, the corporations declared they will be working together.
  • VeChain shared news of a collaboration with SaaS provider OrionOne.

A recent tweet revealed the sectors that VeChain and TruTrace would be working with to bring blockchain technology. TruTrace is a Canadian software as a service (SaaS) provider. According to the press release, TruTrace’s legal cannabis, food, fashion, and pharmaceutical businesses will soon be integrated into the platform.

Food, clothing, medicine, and the newly legalized cannabis industry are all examples of necessities. Products like this play a crucial role in human survival. These sectors’ eventual use of blockchain technology was anticipated. It was just a matter of time before announcements like the migration of prerequisites to web3 began to surface.

Awareness of Blockchain

In late August of 2022, the corporations declared they will be working together. According to the release, the two companies will collaborate to combine their respective technology and spread awareness of blockchain.

Without a shadow of a doubt, blockchain technology is the wave of the future. Companies and service providers are improving their offerings in anticipation of web3 and a blockchain-based future. In light of this, it is not surprising that TruTrace is bringing some of its sectors onto the blockchain.

Plus, they may have made the right choice in partnering with VeChain, since the platform has recently announced a slew of additional collaborations, all of which show confidence in the platform and its future. Recently, VeChain shared news of a collaboration with SaaS provider OrionOne.

In addition, VeChain recently teamed up with UCO Network to develop blockchain infrastructure for the biofuel industry. So, the blockchain infrastructure is not only useful for tracking consumables as in the case of TruTrace, but also for the energy industry.

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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.