New partnership will revolutionize smart contracts in the blockchain architecture

• Amidst this partnership, VeChain and Electi will work together to enhance VeChain’s smart contract capabilities.
• The two will work together to advance AI, Blockchain and Cryptography and make these technologies available to clients so they can achieve their maximum potential.

Popular Layer-1 smart contract blockchain platform VeChain has formed important partnerships in recent times. In the latest development, the Vechain Foundation entered into a strategic partnership with Electi Consulting. The official announcement from Electi Consulting noted:

Electi is pleased to announce our strategic partnership with VeChain Foundation, the world’s leading enterprise-grade L1 smart contract platform, with an ultra-low carbon footprint and highly scalable blockchain architecture.

With our goals aligned, Electi and the VeChain Foundation will focus on developing valuable ideas and deploying innovative solutions to further enhance VeChain’s smart contract capabilities.

VeChain development and partnership

There have been some important developments in the VeChain ecosystem recently. VeCarbon, the carbon management SaaS system, recently secured the “Class III Certification” to offer its services to the carbon management SaaS industry.

Earlier this week, VeChain also became the official Layer-1 blockchain partner of the world’s premier mixed martial arts organization, the UFC. Paul Asencio, UFC Senior Vice President of Global Partnerships said, “VeChain’s expertise in using real-world blockchain applications to help the public and private sectors achieve their carbon neutral goals is an effort we are proud to support. We look forward to to partner with VeChain to leverage UFC’s worldwide popularity to promote a positive message that blockchain technology can be used to protect our environment for future generations.”

Over the years, VeChain has partnered with several leading companies, including Walmart, Bayer, BMW Group, BYD Auto, LVMH and more. Despite recent developments, the price of Vechian’s native token VET has been on the decline. Over the past month, the VET price has corrected by more than 20 percent and is currently trading at $0.0237 with a market capitalization of $1.7 billion.

About Electi

Electi consulting is a leading market player that focuses on technical and business consultancy. It focuses on key areas of data science/analytics, digital transformation and strategy, blockchain technologies, artificial intelligence and information security. Theodosis Mourouzis, CEO said:

Electi’s vision is to advance artificial intelligence, blockchain and cryptography and make these technologies available to customers so they can achieve their maximum potential.