https://cointelegraph.com/news/shanghai-man-vechain-on-tv-doge-flips-btc-hotbit-hack-blockchain-engineers-make
VeChain on Chinese national TV
English-language and state-run business channel CGTN created a short expository video on blockchain’s growth post-COVID19. The video and article featured a close look at VeChain’s progress in developing business solutions, explaining how the technology could be applied to the food safety and infection control industry.
The media company shot a short video inside the office and interviewed a few of the developers, indicating that the company has done well to comply with regulatory requirements in the tightly run country.
It’s no secret that VeChain has a top position and close relationship with many government backed organizations, which is an enviable position for any enterprise Blockchain-as-a-Service provider.
For what it's worth, I've said for quite some time (echoing some of the top economists of our time) that China is the rising world superpower that will dethrone the USA. If you look at its growth from the early 90s to now, it's nothing short of amazing. They already beat us in trade, hold a decent amount of our debt and are so much more productive given that they don't have any of our pesky labor laws or work unions.
Vechain has no competitors, is best suited to take China to the next frontier via their patents for systems that reduce carbon emissions (exactly what China wants in their 5 year plan), VeChains ability to functionalize the digital Yuan and Vechain's scalability through retail (there's a reason they have partnerships with Amazon, Walmart, BMW, Price Waterhouse Coopers and Deloitte).
How big VeChain will become is anyone's guess. While the price is so cheap, picking up a 1-2,000 $VET isn't a bad idea at all (keeping in mind that at its current price of $0.22 USD, you can buy over 1800 $VET for just about $400 USD, it's a cheap enough investment into a crypto that has good potential to be part of the heart of trade in Asia). That being said, don't take anything I say as investment advice, I am an accountant and I know my role.
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