The VeChain Foundation, a non-profit entity established in Singapore, has announced on December 21 its partnership with Jiangsu Printed Electronics Co., Ltd., an integrated platform for improvement research, app development and investment in printed batteries founded in China.
Welcome our new partner - Jiangsu Printed Electronics Co., Ltd. We will mutually explore and cooperate towards solutions within blockchain-centric IoT equipment. More details, check it on our official Medium.https://t.co/gqBBx5isZ1
— VeChain Foundation (@vechainofficial) 21 December 2017
VeChain plans to develop the NFC/RFID chips, and Jiangsu Printed Electronics Co., Ltd., as the leading enterprise for flexible battery technology, is world-renowned for developing compact, flexible, thin and highly efficient products. The flexible batteries produced by Jiangsu Printed Electronics Co., Ltd. are expected to provide a good technical capability within VeChain’s smart chips.
For VeChain to achieve its apotheosis and become a global business ecosystem, we need to partner with reliable strategic technology partners along the way. It is with that understanding that we sought out one of the most influential innovation companies as a core partner in developing the hardware for VeChain Thor: Jiangsu Printed Electronics.
VeChain Foundation announcement
The blockchain-centric smart chips will be designed to let both Jiangsu Printed Electronics and VeChain to have an immediate impact in emerging markets and make future in the hardware capabilities for innovations in IoT.
The price of VeChain is currently on the rise showing an increase of 1% within past one hour and the 167% jump within past 7 days. The market capitalization of the coin grew from $142 to $424 million during the course of one week.
At the moment of press, these are main market parameters of VeChain:
- Average price: $1,52
- Marketcap: $421 411 926
- 24h volume: $55 795 300