TL;DR — VeChain signs a deal with Yida Future to build VeChain Thor solutions for Yida Group. Yida Group is a prominent (7th in China) master-planned zone real estate developer who developed and owned assets including smart cities such as B.E.S.T. City and smart industrial parks such as Dalian Software Park, and 20+ master planned areas. Phase one of this partnership will include integrating the Gui’an smart city administrative solutions into existing projects. The end result of this partnership being VeChain Thor integration into current technology and the development of blockchain solutions that are customized to all existing clients and assets under Yida Group.

The creation of a new global standard for better business ecosystems will come from the top down. The rapid change, and large scale impact moving the world’s business from a fiat and paper-based system to one of digital currency and blockchain is not a process that happens overnight. This process takes the world’s elite businesses dedication and commitment to bettering its products and the world around it. VeChain aims at these beacons of change to work hand and hand with them to develop solutions enable the greater good.

VeChain has seen immense value in administrative solutions that capture the authority and origin of documentation that make it immutable. These types of paper trails, communication processes, and proof of publication concepts are results of our work in Gui’an. Now we have the opportunity to cooperate with the government of Dalian through a highly reputable and innovative partner in Yida Group and their Yida Group IT solution company, Yida Future.