- VeChain Foundation states that the VeChain blockchain is just getting started with disrupting real-world trillion-dollar industries.
- VeChain community members add that VeChain and VET are poised for mass adoption.
VeChain Foundation continues to share its optimism for VeChain blockchain adoption. The Foundation has highlighted VeChain’s achievement in just over seven years since its launch as the source of this confidence.
VeChain Foundation stated in a tweet that the blockchain has undergone upgrades and served hundreds of enterprises across multiple sectors in the time. However, it is still just getting warmed up as it intends to disrupt trillion-dollar industries with VET.
The evolutionary tale of #VeChain is long.
In 7+ years since launch, our #blockchain has undergone many upgrades, serving hundreds of enterprises across multiple sectors.
— VeChain Foundation (@vechainofficial) January 16, 2023
In the statement, VeChain CEO Sunny Elu added that VeChain’s vision has not changed since its founding in 2015 and mainnet launch in 2018. VeChain has always had the vision to sustainably onboard real businesses and real-world users to blockchain technology.
We have been working on this part and try everything we could to adopt the blockchain technology to real businesses, to the real-world. We believe that everyone in the world will enjoy benefits of the blockchain technology, like internet today, with or without awareness of using it,
Elu adds that this vision is what spurred VeChain to pivot from being just a consortium blockchain to a public blockchain in 2017. The 2017 upgrade, which was the Changpeng Zhao co-founded network’s first major upgrade, has allowed it to onboard more than 300 enterprise clients.
VeChain’s lineup of enterprise clients already includes industry-leading names like Walmart, BMW, Mercedes Benz, and MicroSoft. It also includes long-standing partners like UFC, PwC, DNV GL, and STMicroelectronics.
Has VeChain evolution reached mass adoption stage?
The VeChain community has received the Foundation’s proclamation enthusiastically. One of these community members is VeChain’s all-in-one VeChain Decentralized Finance (DeFi) protocol, Spicy Network.
Responding to the VeChain Foundation’s tweet, Spicy Network noted that the network is ready for mass adoption and growth. The protocol added that VeChain is the sustainable engine of the innovation to come in the future of Web3.
— Spicy Network (@Spicy_Network) January 16, 2023
Meanwhile, the update is not the only news causing waves in the VeChain community. The VeChain Foundation recently announced that it would conduct the VeChain Foundation Board of Steering Committee elections.
Community members with strong professional backgrounds that can further VeChain’s vision are eligible to participate in the contest. Significantly, the Committee will take over all decision-making from the Foundation as the network looks to roll out decentralized governance.
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VeChain Foundation added in the announcement that with the election, it is pushing full force in pursuit of its objective to lead real-world adoption of public blockchain technology. The decentralization move also positions VeChain to be the champion of digital sustainability initiatives.
At present, VET, the blockchain’s native token, is trading at around $0.021, up 0.46 percent in the daily chart. This marks a 35.5 percent price gain year-to-date in 2023 for the 37th-ranked cryptocurrency by market capitalization.
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