Schneider Electric, an electric component giant, has chosen VeChain, a blockchain-based platform, as its ecosystem partner.

This partnership was confirmed by VeChain via Twitter, revealing that Schneider Electric will leverage its technology to digitize the economy.

We are incredibly proud to share that #VeChain has just been officially announced as Schneider Electric’s Digital Ecosystem Partner!#VET continues to take the leading role in delivering public #blockchain to Fortune 500s, helping them digitise the economy with our technologies. pic.twitter.com/NuJUxQK8qU

— VeChain Foundation (@vechainofficial) December 28, 2021

Of recent, VeChain has been giving hints concerning a possible partnership. The company even dominated the October 2021 Schneider Electric Green Innovation Summit held in China.

This partnership elevates the status of VeChain as a blockchain company because Schneider Electric is a Fortune 500 company that has a market cap of about $100 billion.

Generally, VeChain keeps making strides in forming a partnership with different entities in the quest of the company to fight for mainstream adoption of blockchain technology. Also, VeChain revealed that Inner Mongolia’s government would deploy the VeChainThor blockchain to help power a vast and complete traceability platform.

VeChain Foundation said:

“We are proud to announce that the Government of Inner Mongolia, China, has chosen VeChainThor to power a massive, full traceability platform! This milestone, Government-led project is a massive step forward for VeChain and the mass adoption of blockchain.”

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