One of the cryptocurrency projects receiving more attention is VeChain, whose native token, VET, can address significant issues with trustless data for a range of industries, including the financial sector, the energy sector, the food and beverage industry, among others.
Notably, VET has experienced a rise in social mentions in the third quarter of 2022, which, as of September 27, established a new peak for the third quarter. According to data given by the social intelligence platform for cryptocurrencies LunarCrush, the activity for VET during one week achieved a peak total of 28,629 social mentions.
Finally, VET and TruTrace have identified the economic sectors that stand to gain from their involvement in the blockchain platform. A Canadian business called TruTrace focuses on offering software as a service.
Along with the food, fashion, and pharmaceutical sectors of TruTrace, the platform will also include the legal cannabis industry. The fact that TryTrace has integrated some of its operations onto the blockchain is not shocking.
Additionally, considering that the platform has announced a number of other collaborations, which is a sign that it is trusted and believed in, the decision they made to work with VeChain may ultimately prove to be advantageous.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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