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Vechain (VEN) Captures China Auto Industry With eGrid Partnership

VeChain has announced it agreed a longtime partnership with Shanghai eGrid Consulting Co., LTD to deploy VeChain’s outstanding automobile solution into its current automobile ERP, SCM, and CRM solutions. According to Vechain team, the Memorandum of Understanding (MoU) will make eGrid to use VeChainThor in its business.

In this partnership, “eGrid will leverage the nature of immutable, secured data storage and distribution of blockchain technology, and integrate VeChain’s existing automobile solution into their current ERP, SCM, and CRM solution for existing and future clients,” Vechain team has said.

“This will enable eGrid to empower their proprietary solutions with VeChainThor to provide optimized results and data services for their clients. The use of the car maintenance, green driving, and carbon bank projects will be one of the leading applications for blockchain adoption seen by the public. VeChain’s work within the industry is growing deeper with increased talks with the world’s most known companies and part providers.”

Talking about the outstanding performance of Vechain, the team says the “power of VeChainThor continues to grow by drastic measures and has solidified itself as the leading global enterprise public blockchain platform.”

Vechain is attempting and doing everything to enter completely into the automobile market by providing solutions to complex problems within the industry. This is one of the reason it is partnering with eGrid.

Shanghai eGrid Consulting Co., Ltd is an internationally recognized firm that deals with the provision of data services to companies all over the world. It is a known figure among high-tech, automobile, automotive components, motorcycle, retail, financial, machinery and manufacturing industries.

The automobile data service provider has partnership with big firms like SAIC Volkswagen Automotive Co., Ltd., BYD Auto Co., Ltd., SAIC General Motors Corporation Limited, Chang’an Automobile (Group) Co., Ltd., Changan PSA Automobiles Co., Ltd., Dongfeng Motor Corporation, Tsingshan Holding Group, Chongqing Jianshe Vehicle System Co., Ltd., Isuzu Motors Ltd., Jiangling Motor Holding (Landwind), and some other companies.

The company was launched into automobile industry in 2006, and was listed in 2015. The company focuses on automobile companies and manufacturing industries. It generates customers ERP, SCM, and CRM, and engages in general consulting services in the automobile space.