VeChain [VEN] enhances VeChainThor, partners up with a Shanghai company

VeChain COO, Keven Feng was invited as an honorary speaker at The 2018 Blockchain & Industry Convergence Development Forum and the National Eastern Tech-Transfer Blockchain research lab establishment conference on 25th May 2018 which was held in Shanghai.

The conference was aimed to understand the necessities of Blockchain innovation. It is a discussion held to nurture the advanced fields of the cryptocurrency world.

VeChain tweeted about this collaboration saying:

“In collaboration with Lingang Group, VeChain signs a partnership with Lingang International Manufacturing Exhibition Trading Center at the 2018 Blockchain & Industry Convergence Development Forum.”

Along with this, they added an article of Medium that elaborates the collaboration.

Mansa Musa, a Twitterati commented:

“VeChain don’t give shit about the Bears”

VeChain held this collaboration signing ceremony with Lingang International Intelligent Manufacturing Exhibition Trading Center at the event. Lingang is owned and operated by Shanghai Lingang Economic Development Group.

Lingang Group is a substantial state-claimed venture straightforwardly held by the Shanghai State-Owned Assets Supervision and Administration Commission. They are one of the biggest organization in the spotlights of speculation, advancement, and activity of modern stops and related supporting administrations in the recreation center of Shanghai.

VeChainThor is a Blockchain-as-a-Service company, Their mission is to develop a distributed business ecosystem that enables transparency in the flow of information, efficient collaboration, and high-speed value transferring. VeChain Thor is a developed model of blockchain that provides predictable transaction cost and better financial services. It claims to be advantageous to developers as it solves most of the existing issues in the current blockchain transaction systems.

The collaboration allows Shanghai-based Lingang to facilitate innovation using the VeChainThor Blockchain across multiple industries, government bodies, and research institutions while providing strategic value to the future of the crypto-world.

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