A complete list of VeChain partnerships

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VeChain has a massive list of enterprises using its blockchain solution. On this page we have made a list with all current partnerships.

 

please note: this page is still a work in progress and not all partners have been added yet!

Updates:

  • September 5th, 2018: Added NTT DoCoMo, PICC and BYD.
  • August 12th, 2018: Added the first batch of partners
  • August 1st, 2018: Added all strategic partners

Strategic Partners

1DNV GL

Industry: various Location: worldwide
Employees: 12,500 Revenue: $2.4 billion
Partnered since: 24-01-2018 Official announcement(s): 1

DNV GL is a globally operating company that provides audit and certification services confirming that an organization meets certain requirements. DNV GL provides these services in the maritime, renewable energy, oil & gas, food & beverage as well as healthcare industries. DNV GL is also the world’s largest certifier of vessels and offshore structures.

DNV GL will provide VeChain’s blockchain powered services to their huge customer base. Next to this DNV GL and VeChain have developed My Story, a digital assurance solution for the food and beverages industry based on audits and data collection.

Read more about the partnership between DNV GL and VeChain here.

2PriceWaterhouseCoopers (PwC)

Industry: professional services  Location: worldwide
Employees: 236,000 Revenue: $37.7 billion
Partnered since: 15-05-2017 Official announcement(s): 1

PriceWaterhouseCoopers, or better known as PwC, is one of the Big Four auditors worldwide. IBM, Ford, Dell, Cisco and 3M are some of its largest clients, with PwC providing its auditing services to 400+ out of the Fortune 500 companies.

PwC will offer VeChain’s blockchain powered solutions to its big client base, providing its clients with improved product verification and traceability.

To read more about the partnership between PwC and VeChain here.

3National Research Consulting Center (NRCC)

Industry: Consulting Location: China
Partnered since: 15-05-2017 Official announcement(s): 1

NRCC is a top tier management, standard and IT consulting company based in China. NRCC specializes in the professional development of domestic companies, or organizations, that actively seek international standards and approvals. NRCC serves more than 1000 long-term enterprises clients, many of which are part of the Fortune Global 1000.

Together with NRCC, VeChain has developed and implemented anti-counterfeiting technology for the China National Tobacco Corporation.

4Yida China Holdings Limited

Industry: Real estate Location: China
Partnered since: 19-02-2018 Official announcement(s): 1

Yida is one of China’s biggest real estate developers, focussed on developing industrial parks and smart cities, next to residential districts and shopping outlets.

VeChain is helping Yida to implement its blockchain technology in its current technology portfolio used in projects like energy management, renewable energy, smart grids, green buildings and smart medial facilities.

5BitOcean

Industry: Financial services Location: China, Japan
Partnered since: 27-12-2017 Official announcement(s): 1

BitOcean provides an ATM based solution for buying and selling cryptocurrencies. BiOcean is one of the first cryptocurrency exchanges to become fully licensed by Japan’s Financial Services Authority (FSA). The goal of Bitocean is to create a global network of ATM’s where users can exchange fiat for cryptocurrencies.

BitOcean will work together with VeChain to allow users to buy and sell VET using physical ATMs, starting in Japan and China.

Partnerships

6Direct Imported Goods (D.I.G)

Industry: Wine importer Location: China
Partnered since: 07-06-2018 Official announcement(s): 1

D.I.G is a government-owned wine importer, responsible for over 30% of China’s wine imports. D.I.G. is owned by the Shanghai Waigaoqiao Free Trade Zone Development subsidiary and hopes to eventually become one of China’s biggest distribution channels for imported physical items.

An estimated 30,000 counterfeit wine bottles are sold every hour in China. VeChain will be tasked to authenticate and trace winery data from the producers, through the supply chain and eventually to the consumer using smart NFC chips in the wine bottles, to stop this counterfeiting market.

Read more about the partnership between D.I.G. and VeChain here.

7China Unicom

Industry: Telecommunications operator Location: China
Partnered since: unknown Official announcement(s): 1

China Unicom (Chinese: 中国联通) is a Chinese state-owned telecommunications operator. China Unicom is the world’s fourth-largest mobile service provider by subscriber base. The company has over 125 million GSM subscribers and 43 million CDMA subscribers as of 2008.

VeChain has signed a partnership, poetically called “the Unicom cloud ecological strategic cooperation agreement” with China Unicom. Vechain’s role in the partnership will be to develop and help the state-owned enterprise within its business processes. Using BaaS (Blockchain as a Service) VeChain will help China Unicom improve the efficiency of its supply chain management.

8Kuehne & Nagel

Industry: Transport and Logistics Location: Worldwide
Employees: 75,876 Revenue: $22.4 billion
Partnered since
: September 2016 Official announcement(s): 1

Kuehne + Nagel is the worlds largest global freight forwarder, accounting for nearly 15% of the world’s air and sea freight business by revenue. K+H has 1336 offices spread out across 109 companies and has 75,000+ employees.

Kuehne + Nagel will use Vechain’s blockchain technology to smartify parcels and assets, especially luxury goods, by furnishing them with a chip containing a private key that reflects ownership information on the blockchain.

9DB Schenker

Transport and Logistics Location: Worldwide (rail: europe)
Employees: 95,000 Revenue: $22.8 billion
Partnered since
: – Official announcement(s): 1

DB Schenker is a division of the German rail operator Deutsche Bahn AG that focuses on logistics. DB Schenker comprises a logistics division encompassing air, land, and sea freight, and a rail division made up from European rail freight companies.

In China, DB Schenker has over 5700 employees and operates out of the 60 key cities across the country. In China, DB Schenker is collaborating with many third-party logistics providers to offer solutions across China. Together with VeChain, DB Schenker has built a supplier evaluation system on the VeChainThor platform. This will allow DB Schenker to evaluate the performance of the third-parties they work with.

10BMW Group

Industry: Automotive Location: Global
Partnered since: – Official announcement(s): 1

BMW is a German multinational car and motorcycle manufacturer.

VeChain is participating in the BMW Startup Garage Program. As a “venture client”, the BMW Group becomes a customer of the startup at a time when the product, technology or service is not yet ready for the market. Selected startups such as VeChain are undergoing a special program, the core of which is testing a functional prototype with an application relevant to the BMW Group. In the case of VeChain, the goal is the implementation and POC on the use of blockchain technology as a solution for the storage of vehicle data and its secure, controlled provision to third parties

You can read more about the partnership between VeChain and BMW here.

11LVMH

Industry: Luxury consumer goods Location: Worldwide
Employees: 120.000 Revenue: $48.6 billion
Partnered since
: – Official announcement(s): 1

LVMH Moët Hennessy Louis Vuitton, also known as LVMH, is a French multinational luxury goods conglomerate. LVMH has around 60 daughter companies under its wings, that each manages a small number of prestigious brands. Some of the famous brands are Dom Pérignon, Dior, Givenchy, Louis Vuitton, Marc Jacobs and TAG Heuer.

Sunny Lu, CEO of VeChain, was the previous Chief Information Officer (CIO) at Louis Vuitton China.

VeChain is currently working with multiple LVMH brands to integrate blockchain and IOT technology into their projects. One example of this is Givenchy bags equipped with VeChain chips so users can verify if the handbags are genuine or fake.

12Groupe Renault

Industry: Automotive Location: Worldwide
Employees: 127.000 Revenue: $67 billion
Partnered since
: 25-07-2017 Official announcement(s): 1

Groupe Renault is a French multinational automobile manufacturer, that in 2016 was the ninth biggest automaker in the world by production volume. Some of the brands of Groupe Renault include Renault, Dacia, Alpine and Lada.

In a partnership with Microsoft and Viseo, VeChain has created a digital car maintenance book that thanks to blockchain technology is tamper-proof. This way when an owner wants to sell a vehicle, he/she can share data about the vehicle that is tamper proof, like for example the mileage, creating trust between buyer and seller.

13Bright Food

Industry: Consumer goods Location: China
Employees: – Revenue: $25.3 billion (2017)
Partnered since
: 16-03-2018 Official announcement(s): 1

Bright Food was established in 1950 by Jiang Zemin (previous President of China) to be designated as the Chinese national food brand. Bright Food is state-owned and the second largest food company in China behind COFCO. Bright Food Group controls the entire lifecycle of its product lines; The group owns agricultural suppliers, processing factories and distribution points all over China. Bright Food operates 93 different Chinese domestic brands, including 4 publicly listed company subsidiaries.

Bright Food will utilize VeChainThor for their supply chain management, data management, as well as explore new products and solutions utilizing cold-chain logistics and development tools for supply chain management. This will enable Bright Food to harmonize their data set, from their various branches, while managing, monitoring, and reporting on live and trust-proof data.

14NTT Docomo

Industry: Telecommunications Location: Japan
Employees
: – Assets: $42 billion (2018)
Partnered since
: 05-08-2018 Official announcement(s): 1

NTT Docomo is the largest telecommunication company in Japan. It is the fourth largest public company in Japan and services over 53 million customers (over half of Japan’s cellular market).

VeChain has been selected by NTT Docomo as a partner in the Docomo 5G Open Partner Program. In this program, both companies will work together to prepare for 5G technology which will become available in 2020. Which will offer additional benefits for IoT technology.

15People’s Insurance Company of China (PICC)

Industry: Insurance Location: China
Employees
: – Assets: $126 billion (2015)
Partnered since
: 02-09-2018 Official announcement(s): 1, 2

The Peoples Insurance Company of China is a state-owned company located in China and one of the biggest insurers in China. One of its subsidiaries, the PICC Property and Casualty Company, is China’s largest issuer of casualty insurance. Next to this, the company focusses on other major insurance categories like motor vehicle insurance and (commercial) property insurance.

PICC will use VeChain’s blockchain technology to bring a digital transformation to their processes. It will use blockchain technology to reduce turnaround time and prevent frauds using efficient data collection and storage.

16BYD

Industry: Automobile Location: China
Employees
: 220.000 (2017) Revenue: $8.5 billion (2013)
Partnered since
: 05-09-2018 Official announcement(s): 1

BYD, which stands for Build Your Dreams, is the world’s largest manufacturer of electric automobile and batteries, and the global leader in battery-electric buses. It is one of the biggest car manufacturers in China.

To reduce CO2 emissions, the Chinese government has developed a carbon banking solution. People and enterprises who have a big carbon footprint will have to pay for this using carbon credits. However, those that reduce their carbon footprint will earn carbon credits which they can spend on products. Together with DNV GL, VeChain has developed a system which will be implemented in over 500.000 vehicles before the end of 2018. The system will allow users of the eco-friendly BYD vehicles to earn carbon credits.

 

 

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