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VeChain (VET) and Shanghai Natural Gas are entering the second phase of their partnership, according to local media reports published on August 9. This phase of the partnership will focus on efficiency and transformation of Shanghai Natural Gas’ workflows.
- First phase of partnership saw delivery and product data stored on the VeChain Thor blockchain VeChain Thor blockchain using VeChain ToolChain
- Current efforts focus on increasing grid activity and reducing operating costs
- Specific benefits stated are automating work processes like energy transactions, logistics management, financial product processing, and cooperation with basic energy partners
- Shanghai Gas and VeChain formed partnership in April 2020
