VeChain teams up with CREAM and Invest Cyprus

26 Oct, 2018
by David Robb
VeChain teams up with CREAM and Invest Cyprus

The VeChain Foundation will be teaming up with US blockchain startup CREAM and national investment partner Invest Cyprus. Together, the organizations will create a co-operative platform for blockchain solutions, aimed at developing Cyprus' business infrastructure.

According to a press release, the Signapore-based VeChain Foundation and CREAM will establish a joint entity in Cyprus. This will assist Invest Cyprus with the development and implementation of blockchain solutions. The collaboration will also involve identification of investment strategies at the national level, with key use cases of blockchain technology highlighted in order to attract Foreign Direct Investment (FDI).

VeChain's co-founder and CEO Sunny Lu said that "this partnership represents the true competency for global change embedding trust, transparency, and fairness to the core of our society. Along with our partners, we are excited to showcase the true value of blockchain as supplemental technology and as an infrastructure to the world."

VeChain has been one of the most collaborative crypto companies in recent months, aiming to continue its expansion through partnerships with a number of different projects from various sectors.

Read more: Sunny Lu talks about the future of VeChain, hints at another automotive partner; Vechain partners up with one of the worlds largest insurers

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Read more about: VeChain (VET)


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