Kuehne & Nagel is the biggest global freight forwarder, being responsible for nearly 15% of the world’s air and sea freight business in terms of revenue.K+H has 1336 offices distributed … Thanks to a partnership with Chinese and Seattle companies, the VeChain blockchain will be used to verify the authenticity of KN95 face masks. For instance, over 1000 bottles of fake Chateau Lafite wine were sold at an auction for an estimated value of over $150,000. VeChain is a blockchain built to help make supply chain management simpler. The VeChain Foundation has announced a new partnership with Chinese-French … Not here to FUD but I lost a lot of money on VeChain because of their “partnership” shills. VeChain partnerships. According to the founder of VeChain, Sunny Lu, the VeChain blockchain has been … Sunny Lu and VeChain have partnerships in real estate, wine, tobacco and automobiles. Industry: Supply chain and Logistics. Partnered since: September 2016. Introduction. What is VeChain? List of VeChain Partnerships Kuehne & Nagel. The first product will be a lipstick equipped with an NFC smart tag to access the stored data on VeChainThor. “If you derive the value of VeChain from their partnerships, team and market momentum; you are likely to assume an embellished market value.”. Knowing this information, which cannot be changed or falsified, you will be safe from fake/counterfeit goods and products. Since then, it’s been used by major corporations to help track everything from wine production to car manufacturing. It was originally conceived to determine if a real-life product is fake or not – preventing frauds and knock-offs. The Australian shoemaker first unveiled its partnership with VeChain back in November 2019. VeChain Partnerships. The VeChain platform has drawn a lot of attention from various companies, especially Chinese brands. So how many of these are totally fake “partnerships” such as BMW? They’re just participating in a pre-startup program and VeChain management made it sound like they’re putting a fucking chip in every car or something. We would like to show you a description here but the site won’t allow us. Revenue: $22.4 billion. VeChain News Today – Identifying Fake Face Masks With VeChain Technology. With the implementation of the VeChain block-chain, the demand of VET will rise as … VeChain is the cryptocurrency and ledger you generally think about when you consider updating the supply chain. These incidences (among many others) demonstrate just how widespread and useful VeChain’s Blockchain solution can turn out to be if implemented through this partnership with DIG. Yizhiji, a Sino-French cosmetics brand will use the VeChain blockchain to authenticate cosmetic items. This will reduce the amount of fake merchandise. VeChain has linked to strategic partnerships since the beginning, many companies joined in order to help the project achieve his goal. 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