VeChain to Partner with Biggest Telecom Company in Japan
Aug 7, 2018, 9:55AM
The 5G Open Partner Program is the latest in a series of partnerships VeChain has made with major players in the Asian technology space.
VeChain (VET) continues to aggressively pursue partnerships with mainstream firms in the Asian market. The strategy's latest push comes through an agreement with NTT Docomo to team up for the launch of a 5G program. The partnership is intended to help Docomo create a new high-speed/capacity network service for the Japanese market. It will also give VeChain access to Japanese authorities and invaluable market experience with some of the most influential companies in the world.
NTT Docomo is the largest telecommunications firm in Japan, providing mobile network access to over 76 million users. The corporation hopes to launch its ultra high-speed 5G network by 2020. And to help achieve this goal, Docomo has launched the 5G Open Partner Program, including VeChain and several other organizations in its first batch of participants.
The 5G project will also include larger Japanese corporations like Sony and MUFG Bank.
According to an NTT Docomo spokesperson,
Our goal is to enhance and enrich our current data services capacity within traceability, supply chain management, and smartphones for our users. With our ongoing effort to bring traceability use cases in Japan into our ecosystem, the 5G program will bring additional value to VeChain’s presence in the region.
The 5G Open Partner Program is the latest in a series of partnerships VeChain has made with major players in the Asian technology space. Earlier in the year, the team announced an effort with the Chinese government geared towards providing drug and vaccine traceability solutions for the nation's complex medical industry.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
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