Car manufacturers believes in blockchain technology

Recently Bosch announced investing in IOTA cryptocurrency, few days ago Volkswagen stated IOTA has huge potencial and VW will support it, and today, during VeChain rebranding to VeChain THOR rumors were confirmed – VeChain is working with German car manufacturer BMW.

Rumor was confirmed at the end of VeChain to VeChain THOR rebranding event.

Market did not hyped

This good new didn’t make any impact to VeChain price yet as was expected. It looks like market is trying to understand all VeChain fundamentics to the max and then decide further moves. However, VeChain team says it takes time to build a fully functional relations and VeChain partnership with such a company as BMW, but the process already ongoing.



What is VeChain THOR?

Moment from VeChain THOR rebranding event.

VeChain Thor is going to move the company to DApp solutions similar to Ethereum. The new platform will use two separate tokens:

VeChain Tokens (VET) – For running business activites on the blockchain

Thor Power (THOR) – For performing smart contracts and running apps on the blockchain.



Here’s official event video.

