VeChain Announces A Strategic Partnership With SupplyME

Twitter icon  •  Published 1年前  •  Hassan Maishera

The VeChain team announced via a blog post on Tuesday that it has entered a strategic partnership with SuuplyME.

The VeChain team announced via a blog post on Tuesday that it has entered a strategic partnership with SuuplyME. SupplyME is a fintech company that enables businesses to generate cashflow, without incurring debt, by monetizing their existing stock. The partnership will lead to the development of a ‘Web3’ Inventory Monetisation System that utilizes blockchain, stablecoin and NFT technology to help creditworthy businesses raise value from their inventories and provide companies with entirely new kinds of economic services.

VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is down by more than 7% so far today and is currently trading at $0.02300.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.