Last week the EU has a conference with the topic being what impact a blockchain has on business. What was interesting to see is the photograph below which highlights VeChain and PWC as their partners. When it comes to crypto VeChain and PWC are basically one entity with PWC deeply invested in what VeChain achieves.
You may have to zoom in a little, but trust me it is there circled in red next door to PWC.
This is one of the reasons there is not that much news on VeChain with no shilling on Twitter. The reality is they don't need to as their work has already been done tying up the right partnerships. When VeChain moved to Europe and opened it's head office in the Republic of San Marino in 2022. This ties in with San Marino aiming to be the first carbon neutral country by 2030 with VeChain's help.
The key to what VeChain is doing is rather obvious with crypto regulation imminent in the EU a certainty. They have placed themselves at the table that handles all the regulation requirements which guarantees them a role to play when all this becomes legal and the law of the land.
You have to ask yourself why a blockchain company established in 2015 with a team based in Shanghai moves 7 years later half way across the world. There must have been some promises made on both sides for this to happen and why I am confident in my investment.
That was a little off topic and more about the back ground of why that photograph has some importance which highlights where VeChain is today.
The Blockchain Biosphere idea that Vechain is creating has to be seen for what it is and that comes from the Boston Consulting Group. VeChain with the BSG partners up in March/April last year and like PWC have an agenda to fulfil selling VeChain to their clients. The shilling is being done behind closed doors and nothing else is required as the decision makers are all in on this.
The Biosphere idea is to create an entire eco system that are all linked together with "sustainable" business at the center. Stake holders and big businesses will drive the need for others to join which has been labelled as "nudge" economics. This is not being done by law or regulation yet and is all about persuading companies to do the right thing through indirect suggestions.
Earlier this year BCG had over 1800 of their clients at a conference and the only blockchain in attendance was the VeChain. These would be many of the fortune 500 companies involved. Last year climate transition funds totaled $75 billion which was a 30% increase on the 2021 number.
I see this as the getting ready phase and the telling numbers are the new wallets with an average over the last 7 days being more than 8 000 new accounts daily. What other blockchains are growing at this rate and yet the token is still valued at $0.02c each. Why is what springs to mind is why the price is not moving and this has to be down to timing. Next year being when MiCA (EU regulation) goes live we shall start to see the numbers change drastically when these accounts go live using the VeChain. One thing is for certain is VeChain does not need social media or a Bitcoin bull market to rise in value as the value is already guaranteed of happening just through the sheer numbers they already have on board. DYOR like always as this is a very interesting crypto project that is very different to all the others.
