Walmart China and VeChain have collaborated for a long time and have now reached new goals. In December, Walmart’s sales were higher than ever before for a single month.
A VeChain administrator named WaitMike released some information that showed the previous monthly record was set in November. WetMike says that the success shows that the retail company is still growing and giving VeChain more work.
On the other hand, Walmart had the most transactions in a single day in December, with 1.8 million.
In a recent essay, Michelle M, who is the head of supply chain twin transitions at the classification organization DNV, says that the cooperation is good for both sides. Because of the solution, Walmart China’s way of keeping track of where food comes from has become faster and more accurate.
Thanks to the changes, the brand’s reputation was protected, costs were cut, and mistakes were made less often. The DNV representative used Walmart’s use of VeChain to show how flexible blockchain technology can be.
VeChain, which has made money from having a lot of transactions, shows a similar trend. The server is now out in the real world. Walmart’s leadership has made it possible for hundreds of other businesses to start using VeChain.
VeChain is still in the lead when it comes to eco-friendly and long-term development.
VeChain is known as the industry-leading position for long-term blockchain solutions, and big names like Walmart have already used it. Lava ID has been praising VeChain’s cloud-based BaaS, SaaS, and PaaS services lately.
Digital Identity Australia praised the first and biggest NFT marketplace in the industry, VeChain’s World of We, on Twitter. In the article, it was said that World of We is making people care more about equality and protecting natural resources. This goal is met by the Marketplace, which is a green and fee-free NFT marketplace.
It’s worth remembering that Lava ID and VeChain teamed up in October of last year for its smart fingerprint system. This will make VeChain the official public blockchain service provider for the company. The protocol is getting more and more support from well-known food companies.
At the same time, World of V and the VeChain Foundation just released the first digital collectibles program for the VeChain community. During the event, NFT technology was combined with physical collectibles to come up with a new idea: “phygital” digital collectibles.
Hopes for the VET token may be raised by VeChain’s progress in both new ideas and wider use. At of press time, one VET coin is worth $0.017, a 9.08% increase from the end of the previous day. The weekly performance of the coin on a daily basis has led to a 10.6% rise.