The VeChain Foundation announced a deal with UK inventory monetization fintech Supply@ME (SYME) to use the VeChainThor public blockchain. So far, SYME’s solution has used a private blockchain, and it has worked with major Italian tech infrastructure SIA.
With ongoing supply chain disruption, many companies need to keep higher stock levels than usual, which ties up a lot of funds.
Together VeChain and SYME now plan to use public blockchain, stablecoins and NFTs as part of the solution. Ultimately the goal is to tap into a different group of investors, people interested in digital assets and cryptocurrency. Doubtless, one of the arguments will be that there are physical assets that underpin this.
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