Shanghai Gas had partnered with VeChain blockchain in April. The companies are now entering the second phase of their collaboration. The second phase will identify new financial opportunities in the energy sector. Back in April, the VeChain Foundation and the Shanghai Gas (Group) Co. Ltd had joined forces to establish an “energy-as-service” ecosystem. Four months after the partnership announcement, the companies have now entered the second phase of the energy giant’s digitization drive. Shanghai Gas is a dominant gas player in China and controls more than 90% of the market share in the city. In terms of customer size and transportation capacity, it is also the largest supplier in mainland China. In the first phase of the collaboration, Shangai Gas stored the LNG delivery information and storage facility information on the VeChainThor blockchain. The second phase will investigate the feasibility study of VeChain Thor integration, research of logistic management, promotion and trading of energy. Additionally, the partnership will be used to identify new financial opportunities in the energy sector. The VeChain Foundation and Shanghai Gas have a shared goal of optimizing the latter’s grid operation. This will be done by leveraging the benefits of VeChain’s blockchain to come up with solutions devised for operational efficiency. By pivoting operations to the blockchain, the gas giant can automate key departments, especially logistic management and energy trading. VET/USD daily chart VET/USD bears took control for the third straight day as prices dropped to $0.o1965. The price is currently resting right on top of the upward trending line. The MACD shows that market momentum is on the verge of reversing from bullish to bearish. VET/USD has one strong resistance at $0.022. On the downside, we have healthy support levels at $0.0187, $0.0182 (SMA 20), $0.0172 and $0.0162 (SMA 50). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next China’s Vice Foreign Minister: Coming months crucial for China-US relations FX Street 2 years Shanghai Gas had partnered with VeChain blockchain in April. The companies are now entering the second phase of their collaboration. The second phase will identify new financial opportunities in the energy sector. Back in April, the VeChain Foundation and the Shanghai Gas (Group) Co. Ltd had joined forces to establish an “energy-as-service” ecosystem. Four months after the partnership announcement, the companies have now entered the second phase of the energy giant’s digitization drive. Shanghai Gas is a dominant gas player in China and controls more than 90% of the market share in the city. In terms of customer size and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.