Uphold, a prominent American exchange, is considering the integration of VeChain VET due to the increased interest in this asset.
Martin Hiesboeck of Uphold’s Head of Research hinted this possibility in a post on X. He highlighted VeChain’s importance to the landscape for supply chain management.
Hiesboeck stated that Uphold experienced an increase in recent transactional activity related to VET. The price of VET has risen by over 50% in a matter of a week. It went from $0.002977 to $0.05008.
In order to emphasize that the integration of VeChain Hiesboeck explained the perspective of the company on this trusted asset in the supply chain.
You can also read about how to get started. $VET Spiking is happening on @UpholdInc Here is what we think about this trusted and reliable supply chain. This is a reminder that this article was originally published in #SeriousCryptoForSeriousPeople
Vechain is one of those projects that rose during the last bull run,… pic.twitter.com/71Wq8vKpti
— Dr Martin Hiesboeck (@MHiesboeck) February 15, 2024
Hiesboeck said that VeChain is one of those projects which gained momentum during the previous bull run, but then faded away. But he stressed that the absence of VeChain from the spotlight does not mean it is dead.
In the meantime, VeChain is a good example of a project that has gained prominence as regulations become more clear.
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VeChain is a Supply Chain Management System
Hiesboeck said that VeChain is a dedicated blockchain platform for the financial sector. optimizing supply chain management and business processes.
VeChain’s team is particularly interested in offering a secure and transparent solution to track product lifecycles and combat counterfeiting. They also want to ensure quality assurance for a variety of industries.
Distributed ledger technology (DLT) is the team’s weapon of choice to achieve this high-minded goal.
Hiesboeck brought up the point that VeChain makes use of smart chips as well as the blockchain ledger to verify and evaluate the quality and authenticity of the product.
This technology has applications in many industries such as agriculture, luxury goods and logistics.
VeChain Platform Tokens
VeChain Tokens (VET) & VeChainThor Energy VTHO are two digital assets that VeChain uses to support specific functions on their platforms.
VET serves as the primary means of value exchange. VTHO The fuel for smart contracts VTHO, on the other hand, has shown even greater gains in comparison to VET. Its recent surge of over 111% is a good example.
Uphold’s Head of Research, while mentioning VeChain’s commitment to sustainable development hinted towards an upcoming Uphold announcement.
Recently, a tweet was sent that said: Hiesboeck has expressed his admiration of VeChain saying:
“I spent the day looking through VET documentation and history in the supply chain, a notoriously change-resistant industry, and the move to sustainability You can also find out more about the following: Ecology. “Very impressed.
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