By adding more big names to the VeChain partnerships list, the VeChain Foundation is ensuring the future of the VeChain blockchain and the VeChain token. In time, these VeChain partnerships are going to drive adoption to the VeChain blockchain and this would be followed by a rise in the price of the VET coin.

For starters, BMW debuted the VerifyCar app in partnership with VeChain. Using the VeChain nodes, the VerifyCar app will curb the incidence of auto fraud in Germany. Things like odometer manipulation will be identified with the app. This is going to save the auto industry in Germany up to 6 million Euros yearly.

Besides BMW, VeChain has had partnerships with Adidas, SBTG and the producers of Game of Thrones, HBO. This was another win for the VeChain blockchain which also supported the VeChain Thor price prediction amid a bear market.

VeChain Thor (VET) Price Prediction

According to the latest VeChain technical analysis on Bitcoin Exchange Guide, the price of VeChain has increased by over 50% since the beginning of the year. Since December 2018, the price of VeChain has gone up by 81% from $0.0033. While the VeChain partnerships and general market sentiment have contributed to the rise in the price of the VET coin, a VeChain community member on Reddit has suggested that the price of VeChain may be rising because some VeChain tokens have been burned. The user claimed that 20 million units of VET tokens have been burned reducing the circulating supply and subsequently increasing the price of the VET coin.

The analyst has suggested that the 20 million tokens may have been migrated rather than burned. The writer made reference to all the VeChain partnerships that have happened so far with the most recent ones announced during the VeChain summit.

VeChain (VET) Price Today – VET / USD

VeChain is still higher than it was in December. Also, the current price of the VET coin should not be used to determine the VeChain Thor price prediction 2019 and beyond.

VeChain News Today – VeChain Launches Revolutionary One-stop BaaS Platform

VeChain news has been trending in the cryptocurrency space along with VeChain Thor price prediction and VeChain 2019 forecast. This is because since the beginning of this year, the VET coin has been on fire along with the VeChain blockchain. More names have been added to the list of VeChain partnerships and this is because the VeChain blockchain has many use cases that are efficient in the supply chain industry and beyond.

According to the latest VeChain news on Yahoo; with the advancement of 5G, IoT (The Internet of Things), AI (Artificial Intelligence), and the Internet of Value, data is set to play a more significant role in the future business world. For enterprises to realize the value of data, blockchain technology will be vital. The disruption of existing business models is on the horizon, which will compel businesses to embrace new technologies like blockchain, enabling them to stay ahead of the market.

However, there are obstacles in feasibly employing blockchain technology into business models, especially for small and medium enterprises (SMEs). This failure is typically caused by one of three things (or all):

High cost
Complexity
Lacking professionals or technical capabilities to implement the solution

ToolChain Addresses Pain Points for SMEs

VeChain ToolChain provides a variety of general interfaces to essentially eliminate the high technical threshold and substantially lower the costs for SMEs or even individuals in blockchain integration. VeChain ToolChain pioneered the concept of providing an “off-the-shelf” solution, with various standardized application modules.

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