VeChain Blockchain’s VAT Token Hits New All-Time High on Optimism Over Salesforce Partnership April 14, 2021 April 14, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 14, 2021 by Kelly Cromley

VeChain Blockchain’s VAT Token Hits New All-Time High on Optimism Over Salesforce Partnership

VeChain Foundation, on April 8, revealed its collaboration with Customer Relationship Management (CRM) giant Salesforce to pilot and develop apps with VeChainThor blockchain as the core.

In this regard, well-known YouTuber Ben “BitBoy” Armstrong stated in the latest video that it could be a significant advancement in the entire crypto sector.

As mentioned by Armstrong, Salesforce is one of the biggest multinational Customer Relationship Management (CRM) software enterprises in the world. Through the partnership with VeChain, the software enterprise intends to fill the gap between several business sectors.

Armstrong further pointed out that Salesforce has partnered with several top enterprises in the conventional market. The wide range of applications that can be built using VeChain and the features offered, the YouTuber trusts that the collaboration was the likely subsequent step for the blockchain firm. Armstrong said:

“(…) if you talk about supply chain tracking, the next company integration will be into tracking data system, because where is that data going to go? It’s going into the system and get integrated. It’s going to be massive. They are official partners. This is one of the biggest partnerships in crypto and I can tell you that VeChain has already got a lot and it’s going to keep going for sure, I believe so.”

For that reason, BitBoy anticipates the partnership to have a positive effect on the price of VeChain’s in-house token, VET. Armstrong revealed that he has boosted his exposure to the token by four times. While writing this article, the VeChain’s native crypto VET was trading at $0.1694, reflecting a gain of 24.4% in the last 24 hours and 47% in the past week.

VeChain Foundation’s formal revelation about the Salesforce partnership underlines the contribution of Daniel Nortje, Director of Strategy and Architecture at Salesforce. Nortje played a major part in developing Salesforce Toolchain Adapt system that facilitates data distribution in the VeChainThor.

The official has endorsed the capability of blockchain technology as a crucial instrument in the CRM sector. For this reason, embedding with VeChain will center on managing the most significant challenges in the industry. With respect to the partnership, Nortje stated as follows:

“Key benefit of working with VeChain was the simplicity of integration. VeChain provides a Blockchain-as-a-Service platform, which meant I did not have to provide any intermediary architecture myself. From what I’ve seen this is unique to the VeChainThor public blockchain and I thought it was a very good idea, especially for organisations who don’t necessarily want to invest in more systems to maintain.”

AuthorKelly Cromley

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.