- VeChain announces partnership with Shanghai Environment Exchange.
- The initiative will help bolster carbon neutrality using VeChainThor technology.
- The price of VET prints bullish breakout chart signals.
VeChain (VET) has just confirmed another exciting partnership in a bullish announcement. This time the sustainability-forward blockchain project has partnered with Shanghai’s leading carbon management firm.
In detail, VeChain (VET) has partnered with Shanghai Environment Exchange to drive low-carbon industry development. Specifically, this alliance will help bolster carbon neutrality by efficiently using VeChain’s technology for carbon emission management.
VeChain, in particular, has had a tremendous start to the year. So far, VeChainThor has made many milestones as a public blockchain to help create a more green-centric space in the industry.
VeChainThor has provided blockchain-based carbon management services on a massive global scale and Shanghai is the next to leverage this technology. To highlight, VeChainThor’s annual energy consumption is the same as the energy consumption of one gasoline powered car in a year.
Other bullish achievements for VeChain come from all over the world. For instance, VeChain just confirmed the official carbon trading patent in the US, not to mention its partnership with Supply@ME for more green blockchain support.
VeChain (VET) has also become a crucial voice in the crypto narrative in the UK. A representative of the VeChain team was present at the UK Parliament hearing to discuss a new direction for crypto in the UK.
All this momentum for VET is certainly setting up a bullish chart for VET price. According to one analyst, VET price is expected to break soon. The analyst believes the break will arrive next week caused by an unfolding 4 hour timeframe pattern. The VeFam eagerly awaits to see how far VET price will go this cycle.
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