OrionOne and VeChain Enter into Strategic Partnership for Expediting Blockchain Adoption
OrionOne Inc., an international provider of logistics (supply chain) technology systems that have built a robust SaaS platform to give top-notch technology to the supply chain industry, and VeChain, the most well-known enterprise-level blockchain in the world, have proclaimed the assimilation of their technology solutions to expedite integration among logistics firms.
The straightforward integration of OrionOne’s top-notch logistics (supply chain) platform and VeChain’s blockchain solution ‘VeChain ToolChain’ enables OrionOne to offer businesses a streamlined and instantaneous onboarding setup to start utilizing blockchain in their operations, without requiring costly capital outlays in the network framework or administration of cryptos.
The supply chain sector continues to be disrupted by blockchain technology. Decentralization, a fundamental characteristic of public blockchains, offers a framework for trust, making info more resilient and dependable when handling several competing parties. Records management, conformity, and dispute settlement are a few of the ways in which blockchain improves distribution networks and decreases transportation expenses.
The supply chain administration sector is estimated to be worth $42 billion per year by 2027, and as emphasized by the mainstream media, the industry faces enormous obstacles. The adoption of new technologies and the digitalization of supply chains give a distinct opportunity for innovation in response to these obstacles—the end-to-end picture of a product’s path to market offered by OrionOne’s software solutions.
Tommy Stephenson, chief executive officer of OrionOne, stated, “VeChain is the only game in town when it comes to blockchain technology and the supply chain. No other organization can match their cheap cost, speedy implementation, and user-friendliness. We are pleased to incorporate their blockchain into our solutions in order to expand VeChain’s customer base.”
General Manager of VeChain US, Inc., Jason Rockwood, stated, “The application layer connecting framework to particular business concerns is a significant hurdle to widespread blockchain adoption. OrionOne streamlines the data collection technique and makes blockchain’s benefits clear and simple to implement. This saves corporate customers time and cash while keeping them abreast of the most recent advancements in logistics (supply chain) technology.”
Starting August 15, the latest updated OrionOne platform using VeChain is accessible.