TruTrace to Incorporate VeChain’s Blockchain Platform in Food, Fashion and Pharma Industries
According to a recent Tweet, VeChain and TruTrace have now revealed the sectors they will incorporate into their blockchain solution. TruTrace is a Canadian software-as-a-service (SaaS) company. The blockchain bplatform will integrate TruTrace’s legalized weed, food, fashion, and pharmaceutical businesses, according to the statement.
Basic necessities include food, clothing, medications, and even the developing legal cannabis industry. These items are necessary to human existence and nourishment. It seemed inevitable that these sectors will adopt blockchain technology at some time. It was just a matter of time until we learned such information about the migration of fundamental needs to web3.
Additionally, the relationship between VeChain and TruTrace is not unique. The two firms announced their partnership towards the end of August 2022. According to the release, the two companies will collaborate to combine their complimentary technology and to advance blockchain usage.
Without a question, blockchain technology is the innovation of the future. Consequently, businesses and service providers are intensifying their efforts to get ready for web3 and a potential on the blockchain. Therefore, it is not surprising that TryTrace has integrated some of its businesses into the blockchain.
In addition, their choice to join with VeChain may be fruitful, since the platform has already announced a number of other collaborations, which indicates confidence and trust. VeChain has announced a cooperation with SaaS (software as a service) company OrionOne.
#TruTrace Technologies and #VeChain :
——————————————–#TruTrace and #Vechain announce the integration of their complementary technologies on the blockchain platform for the legal cannabis, food, apparel and pharmaceutical industries!@vechainofficial pic.twitter.com/KX4N5rKym4
— Ⓥ Ve-Chain-Collector Ⓥ (@collectingvet) September 26, 2022
In addition, VeChain has formed a partnership with UCO Network to develop blockchain framework for the biofuel industry. Thus, the blockchain platform caters not just to fundamental necessities, as with TruTrace, in addition to the energy industry.
While writing this article, VeChain’s native token VET was trading at $0.02262810, down by 2% in the last 24 hours.
Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.