VeChain has announced new partnership agreement with Beijing Baisheng Technology Co., Ltd to assist one of its branches Fanghuwang, a growing online lending platform in China in order to solve major problems within the real estate industry.
We are excited to announce that VeChain will partner with Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM. With this partnership, VeChain Thor solves major problems within one of the largest global industries. https://t.co/2neBmo0yot
— VeChain Foundation (@vechainofficial) 18 January 2018
Fanghuwang company is providing property mortgage loans, collateral backed lending to small and medium enterprises and the owners of them in China, utilizes cloud computing and big data analysis technology in order to control risks connected with the industry.
VeChain and Fanghuwang plan to:
- Enhance the client data collection system
- Enhance data quality
- Enhance data storage security
- Enhance data shareability
- Reduce costs
Previously, we have reported that VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry using VeChain Thor blockchain technologies, and that VeChain and Jiangsu PE Co. joined forces to develop IoT equipment.
Currently the price of VeChain is rising, having increased 14% during past 24 hours, and VeChain grew from $4,58 to $5,86, while the market capitalization jumped from $1,2 to $1,6 during only one day.
At the moment of press, these are main market parameters of VeChain:
- Average price: $5,86
- Marketcap: $1 623 150 302
- 24h volume: $200 322 000