VeChain (VET), a leading block chain platform offering block chain-as-a-Service to enterprises for products and information, has announced that it has signed a deal with Yida Future, to build VeChain Thor solutions for Yida Group, the seventh largest real-estate developer in China.
Yida Future is the technology arm of Yida Group. VeChain will develop customized block chain solutions to all existing clients and assets under Yida Group.
To begin with VeChain will integrate the Gui’an smart city administrative solutions into existing projects.
What is VeChain?
VeChain, a Singapore-based non-profit organization established in 2017, strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable. VeChain was developed on the Ethereum network. The native currency of the platform is called VET. VeChain offers the following advantages:
• Access to transparency and symmetrical information.
• Breaking silos, reducing the trust issues between different corporates.
• Each person and each enterprise have their own part to play in this eco-system. Based on their contribution and value, they can obtain relatively fair rewards.
• Build a platform that supports high volume at high speed for the benefit of the enterprises in VeChain ecosystem.
VeChain has tweeted
The next step forward to creating a global standard for better business ecosystems forms with VeChain’s partnership with real estate and innovation giant, Yida Group(亿达集团)’s technology arm. #VeChainThorhttps://t.co/2SYCaLlcqq
— VeChain Foundation (@vechainofficial) February 19, 2018
About Yida Group
Yida Group is one of the top real estate development companies in all of China. Yida Group currently has over 2.36 million square meters (25 million square feet) of AUM (Asset Under Management) such as the globally known Dalian Software Park. Yida Group also developed, operates and manages the Eco-New City of Dalian and Dalian B.E.S.T. City (Biodiverse Emerging Science Technology).