VECHAIN = Supply Chain Kings11 Aug 2022 08:06
Tommy Stephenson, CEO of OrionOne said, “When it comes to blockchain and supply chain, there’s only one game in town, and that’s VeChain. No other entity can compete with their low-cost, rapid deployment, and ease of use. We’re excited to integrate their blockchain into our products to bring VeChain to a wider network of clients.”
Alessandro Zamboni, CEO of Supply@ME, said: "We are delighted to have reached this important milestone, eagerly anticipated by ourselves and our shareholders, to secure the first inventory monetisation transaction. Given the innovative nature of our product offering, the digital asset world is an ideal provider of funding for our unique asset class. Notwithstanding the recent turbulence in the crypto market, the digital economy will play a crucial role in supporting pioneering businesses like Supply@ME."
"As Supply@ME continues to scale, we are mindful of the evolving nature of the commercial and international trade, whereby digital assets are becoming increasingly popular among investors and have the potential to revolutionise the traditional financial services industry. They can also support and educate it for the future, boosting confidence in investing in new structures such as our Inventory Monetisation transactions. By embarking upon this alliance with the highly respected VeChain, an organisation that is unique in the sustainability and supply chain sector, we are working to ensure the business is future-proof and highly scalable. In parallel, we continue to progress our own traditional funding routes which remains strategic for our business model".
Sunny Lu, CEO of the VeChain Foundation, added: "We're always looking to join hands with innovative companies pushing the fore of digital technology. VeChain has demonstrated its ability to dream up, and subsequently deploy, new ideas and ecosystems that harness the revolutionary power of blockchain. We recognised the same potential in Supply@ME and their novel tradFi-Defi inventory management service. We look forward to working with them to co-develop these new systems and provide businesses with an entirely new method of raising value from Inventory Monetisation".
Sign In
Follow the stocks
