Paying Attention

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Sunny Lu in London with the the VeChain team this week. Note the Houses of Parliament in the background.

Last week the UK announced that the UK's version of the Carbon Border Adjustment Mechanism will be live by 2027. This week we saw Vechain have a meeting with the UK Government which has to be about monitoring Carbon emissions. The Vechain with their Carbon Chain has helped and assisted the EU with their CBAM and this was the reason why VeChain opened their Head Office in Europe 2 years ago. They are so well connected now and have been also assisting the United Nations. All this I know because the research never ends and the VeChain takes a fair chunk of time each week as nothing is reported.

The results of all the networking that has taken place over the last few years not forgetting their partnerships with the BSC (Boston Consulting Group) and PWC will bear fruit and expect we shall see this soon enough.

As a real use case token VET and VTHO are far ahead of every other crypto project with the only difference they don't shill their achievements. If you did no research you would think this was a dead project and I am happy with that way of thinking. The longer the price stays down the better because this is one crypto that is going to explode once all these Carbon Regulations are law and live.

Don't forget there is all the other work going on away from Carbon with all their other projects and there are many. NanoJClean is the Chinese VeChain and don't be fooled by the name and they have also been busy in China.

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Here is a list of what VeChain is busy with and some of the partners involved. There are many more and the list must be close to 100 now.

UBICO

Unique tag in Shanghai or as we know it in the West UBICO is the second largest smart tag manufacturer in the World. Using VeChain they are placing every batch of spirits (alcohol) for traceability guaranteeing it's authenticity. China has a problem with fake goods and the spirits market is highly lucrative. With UBICO on board expect to see this project to run out globally in the near future.

LVMH

LVMH or as we know Moët Hennessy Louis Vuitton the luxury brands company. Sunny Lu started out working with Louis Vuitton before he founded VeChain. This again is traceability and about guaranteeing authenticity of the products with every product you purchase registered on the blockchain.

Food Traceability

Food traceability as there are more than one company involved so I will just list those already onboard. Shenzhen Yuhongtai Foods Co. Ltd, Bright Foods, Meijiada Fresh Foods, Chinese Government Dept Of Agriculture. Raymond Frere canned tuna (Swiss) showing where the fish is caught and where it is processed with the blockchain being used to store the data.

China Unicom

China Unicom. The giant sized telecommunications company is using the VeChain to store data. This was a new one I had no idea existed and why research helps.

Kuehne & Nagel

Kuehne & Nagel the shipping and logistics company use the Vechain to help improve efficiency and transparency in their every day work.

Walmart China

Walmart China use the VeChain to track and trace food products which helps improve on food waste and again efficiency. The number of transactions Walmart are doing have been steadily rising and don't be fooled this is still a test project and will be used in the US.

BMW

BMW uses VeChain to track the lifecycle of their cars from manufacture to the scrap yard ensuring sustainability and quality.

Government

San Marino Government where VeChain has it's HQ is developing a blockchain digital identity solution not only for it's ow people, but one that could be used elsewhere.

These are just some of the current live projects that are or have been developed over and above the Carbon Chain which also has AWS as a client. The PWC and BCG partnerships are key though for tapping into the Forbes 500 listed companies. The doors have been opened already through the networking at government levels and why it is that far ahead of any other crypto with regards to real life use cases.

My timeframe for this to take off is still June 2025 onwards once the EU CBAM goes live on January 1st 2026. All companies in the EU will be involved reporting their carbon emissions and why I say 6 months before we should see the price rising due to the need to buy VET to generate their daily VTHO (gas token). Will they just buy VTHO off the market which is the part that is unclear right now.