Electrical giant Schneider Electric chose VeChain (VET) as its ecosystem partner.
VeChain, in a statement on Twitter, stated that Schneider Electric will take advantage of the possibilities of VeChain to digitize the economy.
Considering that Schneider Electric is a Fortune 500 company with a market capitalization of approximately $100 billion, the importance of the partnership increases considerably for VeChain and the crypto ecosystem.
VeChain Increases Partnerships
VeChain continues to partner with organizations that want to adopt blockchain technology. China’s Inner Mongolia government has announced that it will use the VeChainThor blockchain.
VeChain technology is currently used in many different industries, including food safety, luxury goods, spirits, and agriculture. The platform provides customers with a system that combines blockchain and smart chip technologies to track their items, driving the adoption of their technology.
Additionally, VeChain aims to reach more people by recently launching a new decentralized exchange (DEX) called ZumoSwap.
VET is trading at $0.0853 at the time of writing.
