VeChain Collaborates with Japanese Telecom Firm NTT Docomo

- Advertisement -

VeChain is an advance blockchain company which provides product tracking in the supply chain logistics industry has made a collaboration with NTT Docomo, the biggest telecommunications firm in Japan. VeChain is now a member of the 5G Open Partner Program released by NTT Docomo.

Till 2020, the Open Partner Program plans to launch 5G services. It is forming a network of partners, VeChain (VET) is the first of them. With the help of NTT Docomo's 5G protocol, VeChain believes to offer next-gen services.

VeChain, a Blockchain as a Service (BaaS) will work tightly with NTT to provide the network high level of security. The main goal of the system is to enhance Japan's telecommunication service with improved security and speed. Firstly, the partnership will provide services to the industrial sector. Particularly, both the companies will concentrate on tracking capabilities with the supply chain of different industries. Japan wants more speed, transparency and traceability with the industry and VeChain will help to fulfill its needs through blockchain technology.

As per VeChain release, “Our goal is to enhance and enrich our current data services capacity within traceability, supply chain management, and smartphones for our users… with our ongoing effort to bring traceability use cases in Japan into our ecosystem, the 5G program will bring additional value to VeChain’s presence in the region”.

Various other companies which are part of the project include Astellas Pharma, MUFG bank, Sony and Okinawa Prefectural Government.

Both the companies are really optimistic about the project. Various firms also believe that their network will be strongest and it will stand out other firm’s attempts to get the same results.

VeChain and NTT Docomo Advancements

VeChain is creating valuable partnerships and it is one of the most operational blockchain companies. The firm provides service to track the luxury items. Lately, the company declared that their services were utilized by the China government to offer drug and vaccine traceability for more than 30 million people in China.

Most of the firms believe in the potential of two companies, particularly because NTT Docomo was started in 1991 and it has achieved a huge level of success in the telecommunications industry in Japan. NTT is not only working on telecommunication industry, but it is diving deep into new tech services which include cloud services, content, payment processing and AR/VR. Japan is also considered as one of the leading blockchain hubs in the world.

As per Vechain, “The new collaboration has opened new doors for further cooperation of new ventures. Finally, various new partnerships have been developed and services will be passed through VeChain Thor Blockchain. Significantly, VeChain is in close talks with a leading company in one of the most notable Japanese industries.”

- Ad -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

Top 11 Best Financial Investment Email Newsletters of 2020

Financial investment newsletters provide stock tips and analysis. A good financial investment newsletter helps you understand the market. It alerts you to upcoming trends before...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

Latest News & Updates

Timed Stocks: Accelerated by Jeff Brown: Latest Intel Shared

Looking to make money off of investments? Not sure where to begin? To pinpoint where the money lies, investor Jeff Brown put together an...

Dave Forest’s Strategic Investor: Lithium Geo-Tech Fuel Tesla Deal Report

With the coronavirus pandemic currently ravaging the global economy mercilessly, more and more people are looking to make smarter investment choices so that they...

Project 303: The Extra Income Project by Andrew Keene

The Great Recession in 2008 cast a dark shadow over the financial portfolios of the whole country. With few people left untouched, it took...

True Wealth Real Estate by Dr. Steve Sjuggerud: Newest Breakthrough Service

In a recent presentation, Dr. Sjuggerud unveiled his plans for a new project poised to help investors get hold of assets with profit-generating potential....

Every investment is risky and carries a real chance at losing or gaining. None of the information here is to be considered investment advice. Seek a professional investment advisor consultation before making any investment.

No GainBitcoin contributor is licensed under securities laws and is not qualified to give personal investment advice. Read the about page and all accompanying policies for more details.

More Articles Like This

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Details

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Palm Beach Research Group's Teeka Tiwari is hosting his 5 Coins to $5 Million:...

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...