Why The VeChain Foundation Met With China’s Government Officials

Via its official Twitter handle, the VeChain Foundation confirmed a meeting with government officials from three important Chinese districts. Representatives from Shanghai, Changing, and Huangpu visited the organization’s office in Singapore.

Per the report by the VeChain Foundation, the representatives from the enterprise blockchain platform and the governments talked about “potential transformative collaborations”. The organization claimed to be “ever-ready” to help all sectors from private companies to governments.

A separate report published by the Chinese website ChainNews states that the Deputy Director for the Changing District, Pan Min, “repeatedly” praised VeChain’s technology and business development.

The meeting was attended by Dr. Ziheng Zhou, Chief Scientist of VeChain Technology, Bing Wang, Director of Human Resources, Yiyun Xia, Director of Marketing and Public Relations, and Diyun Gong, Executive Assistant to the CEO.

From the public sector, the meeting was attended by members of the Construction, Commerce, Science and Technology, and Direct Investment Promotion Committees with other government officials.

They were tasked with explaining use cases, their business models, and how VeChain can make a difference in the corporate sector. During the meeting, the participants also discussed how VeChain based products have helped offset the impact of the Covid-19 pandemic and the platform’s potential to provided incentives to drive a low-carbon emission ecosystem.

This platform has seen a boom in China, according to a report by the state-backed TV station Shanghai Media Group (SMG). This news channel made a report on VeChain’s role in a 5-year national plan to develop its blockchain capabilities.

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