VeChain and TruTrace recently announced a partnership to integrate their complementary technologies. The collaboration will help the apparel, pharmaceutical, food, and legal cannabis industries on the blockchain platform.
This announcement will help customers learn more about the upcoming changes. TruTrace has established a massive presence in the region as a Canada-based SaaS firm.
That is why the partnership is expected to assist VeChain in expanding its reach among the Canadian demographic. As for the targeted industries, food, medical, apparel, and even legal cannabis markets fall under basic essential goods.
Since the products are crucial for sustenance, the platforms can offer immense value by merging blockchain technology. The integration was inevitable, and the market is delighted to see such capable projects taking on the challenge.
This is not the first time VeChain and TruTrace have collaborated on a project. The companies have previously worked to promote blockchain adoption using their services in August 2022. The results of their efforts were concrete, paving a path for new developments.
As blockchain is gaining prominence, TruTrace’s decision to integrate blockchain technology is natural. Moreover, choosing VeChain as the partner improves their chances of success even more.
VeChain has previously showcased its capabilities as a blockchain technology partner with UCO Network. The platforms recently collaborated to develop the blockchain ecosystem for the biofuel sector. This venture showcased blockchain’s progress in diverse domains, raising the bar for upcoming collaborations.
Surprisingly, the development did not affect VET tokens’ price, as it trailed around $0.02262810 within 24 hours of the announcement.