Cahrenheit, the auto service platform that is powered by the VeChainThor blockchain, is playing a large role in increasing the adoption of the VeChain. After the partnership, the platform has brought over 1 million users to the VeChain environment with over 30,000 SMEs. Cahrenheit recently finished its private sale round and is a leading organization in the automobile industry. It is a trillion dollar auto firm that partnered with Klover to bring more than 30,000 SMEs and over 1 million customers to the VeChain community.

Cahrenheit And Klover Enhancing VeChain

Cahrenheit and Klover will work together to build a new dimension into the automobile industry which will, in turn, enhance the VeChain ecosystem. The China based company Klover is an InsurTech organization. It is the first ever internet insurance company in the world and it is conferred with the National Insurance Brokerage License in China.

VeChain (VET) Price Today – VET / USD

Name Price Bitcoin $10,655.50 VeChain $0.012

Currently, the company has branches in over 30 cities in China along with a good position in the Chinese market share. The company has a business-to-business mobile application called Youyidan. This application enhances the business development requirements of SMEs.

Cahrenheit is considered a blessing to the blockchain community because it is revolutionising the auto industry while adopting necessary innovations in this era. The CEO of VeChain, Sunny Lu, said:

“The top brass of Cahrenheit composes of entrepreneurs that have unicorn building experiences and experience in the industry. They also have the business and tech know-how required to change the game in in the industry. I believe that Cahrenheit will eventually become one of the most significant blockchain-based ecosystems in the world. I am happy to be in partnership with VeChain as we work to develop the already strong presence VeChain has in the industry after patterning with Renault and BMW.”

A few days ago, VeChain celebrated the one year anniversary of its token sale which happened to coincide with the token swap.