VeChain, DNV GL, and Haier IoC enter into a trio partnership

VeChain Foundation, a global leading blockchain platform for products, reported on 02 April about its tripartite partnership with DNV GL and Haier IoC.

Zhang Weijie, Executive Director of Haier Institute of Industrial Intelligence and General Manager of Intelligent Manufacturing presented the signing ceremony with his counterparts. The other duo was Luca Crisciotti, CEO of DNV GL Business Assurance and Jerome Grilleres, General Manager of VeChain Europe.

VeChain conveyed that the three parties would join forces in integrating the VeChainThor Blockchain-based clothing traceability solution. The blockchain would be fitted into Haier Internet of Clothing (IoC) facilitating the Digital Carbon Ecosystem (DCE).

VeChain further conveyed that the partnership was created to facilitate the deployment of a digital assurance solution. This solution was co-developed by DNV GL and VeChain, into the clothing industry. The venture also introduces the first apparel lifecycle management platform in the world.

VeChain cited on this landmark partnership as –

“The breadth of the Tripartite Strategic Partnership looks to utilize public blockchain technology in all applicable use cases within the lifecycle of clothing and clothing management. The next noted use cases include smart shopping, smart inventory management, and tracking using the VeChainThor Blockchain.”

VeChain sidelined to express the key engagements of each of the three partners. Haier would be responsible for coordinating its user resources and facilitating the deployment of VeChainThor blockchain. In a nutshell, Haier would apply the carbon reduction model to Haier Washing Machines, thus supplementing DCE and promoting a carbon-efficient model.

WITH BLOCKCHAIN EXPANDING TO ENGULF DOMESTIC APPLICATIONS LIKE APPARELS, IT ONLY SHOWS THE POWER OF THE TECHNOLOGY.

In its contribution to the stake, DNV GL will be responsible for providing various services to Haier and VeChain regarding business models cum technical interfaces. VeChain would be responsible for providing blockchain tech support and consulting services, fostering the development of Haier’s IoC platform.

In February, VeChain Foundation had reported that Amazon Web Services (AWS) would enable One-Click VeChainThor blockchain deployment for enterprises. This would allow a number of enterprises to deploy quick and compliant blockchain applications. VeChain’s solution would leverage AWS CloudFormation to enable their customers to deploy the blockchain in one click, negating the need for manual deployment.

VeChain concluded by stating that the tri-party partnership would continue to expand on the integration of the VeChainThor Blockchain into the Haier IoC system. The platform noted that numerous reputed enterprises are already operating on the Haier IoC platform. Such an engagement would drive blockchain adoption to industries such as clothing, household textile, laundry and printing.