Country for PR: United States
Contributor: PR Newswire New York
Tuesday, December 31 2019 - 02:00
AsiaNet
VeChain is Co-Founder of The Belt and Road Initiative Blockchain Alliance (BRIBA)
SHANGHAI, Dec. 31, 2019 /PRNewswire-AsiaNet/ --

The 3rd  Belt and Road Initiative (BRI) Forum of Tsinghua University, guided by 
the People's Government of Shanghai, Tsinghua University and the China 
Association for Social Workers, has been successfully held in Shanghai from 
December 19 to December 20. 

Photo - 
https://mma.prnewswire.com/media/1059971/The_Belt_and_Road_Initiative_Blockchain_Alliance.jpg 

Photo - 
https://mma.prnewswire.com/media/1059972/The_Belt_and_Road_Initiative_Blockchain_Alliance.jpg 

Logo - https://mma.prnewswire.com/media/738221/VeChain_Logo.jpg 

At the Forum, VeChain, together with DNV GL, The Belt and Road Initiative 
Research Institute of Tsinghua University ( 
https://c212.net/c/link/?t=0&l=en&o=2680108-1&h=2404931960&u=https%3A%2F%2Fnews.tsinghua.edu.cn%2Fpublish%2Fthunews%2F10865%2F2017%2F20170426210337248454846%2F20170426210337248454846_.html&a=The+Belt+and+Road+Initiative+Research+Institute+of+Tsinghua+University 
), Industry Internet Research Institute (under the Ministry of Industry and 
Information Technology of the People's Republic of China), Tus Data Asset, and 
China Silk Road Group Limited, established the The Belt and Road Initiative 
Blockchain Alliance (hereinafter referred to as "BRIBA"), to spur the 
development of the BRI by leveraging the blockchain technology.(News source 
from people.cn ( 
https://c212.net/c/link/?t=0&l=en&o=2680108-1&h=1340634427&u=http%3A%2F%2Fzgbx.people.com.cn%2Fn1%2F2019%2F1220%2Fc415421-31516403.html%3Ffrom%3Dgroupmessage%26isappinstalled%3D0&a=people.cn 
), a Chinese state owned media) 

The BRI is a global development strategy adopted by the Chinese government, 
involving 136 countries and more than 30 international organizations across 
Asia, Europe, the Middle East, and more. According to Chinese state council ( 
https://c212.net/c/link/?t=0&l=en&o=2680108-1&h=1657634031&u=http%3A%2F%2Fenglish.www.gov.cn%2Farchive%2Fwhitepaper%2F201909%2F27%2Fcontent_WS5d8d80f9c6d0bcf8c4c142ef.html&a=According+to+Chinese+state+council%2C 
), by the end of August 2019, the Chinese government had signed 195 Belt and 
Road cooperation documents, covering business on a global scale. 

The BRIBA members are all pioneers in their area. The Belt and Road Initiative 
Research Institute of Tsinghua University outstands as an elite think tank 
supported by the prestigious Tsinghua University (Ranked 1st in China and 16th 
in the world in QS University Rankings 2020, and is the alma mater for many 
senior government leaders and officials, including President Xi Jinping), and 
the China Silk Road Group Limited ( 
https://c212.net/c/link/?t=0&l=en&o=2680108-1&h=217690312&u=http%3A%2F%2Fwww.chinasrg.com%2Fweb%2Fenglish%2FcontectUs.html&a=China+Silk+Road+Group+Limited 
) is a business group covering finance, satellite Geo-information, energy, 
etc., and has close contact with governments and service industry organizations 
at home and abroad. DNV GL is the leading provider of risk management and 
quality assurance services, and is the global leader in certifying management 
systems of companies across all types of industries. Tus Data Asset, a 
state-owned blockchain technology company, has the expertise in data sharing 
services for government services, health care, finance, and education. 

The Alliance is established to assemble all resources from the members and 
later joined members, to power more BRI infrastructures, business, and projects 
by blockchain technology.

VeChain's footprint has spread across 7 countries including China, Italy, 
France, Singapore, the United States, Luxembourg, and Tokyo, gathering talents 
from various countries. International diversity and localization experience 
have both been VeChain's competitiveness, which will be valuable for the BRI.

During the past 4 years, VeChain is dedicated to promoting the development of 
blockchain technology from the technical consensus to the business consensus, 
and has been accumulating experiences in blockchain adoption in real world use 
cases all over the world. My Story(TM), the digital assurance solution built on 
VeChainThor Blockchain, launched by DNV GL, has traced prominent Italian wines 
including Ricci Curbastro, Ruffino and Torrevento, which shows the trust and 
positiveness of blockchain deployment in Italy, who has signed agreement to 
join BRI this year. 

Considering all aforementioned advantages, VeChain will play an important role 
in the BRIBA to provide blockchain technology infrastructure, abundant 
localization industry experience, and technical consulting services, to achieve 
broader implications and success, especially overseas. For multi-party 
partnerships between BRI members, blockchain technology will bring transparency 
and sufficiency to achieve win-win collaboration.

Currently, VeChain positions The Belt and Road Initiative as our guidance and 
direction for long-term global strategy, aiming at spurring initiatives into 
actions and benefiting all stakeholders with reliable blockchain technology. 

About VeChain
Launched in 2015, VeChain aims to connect blockchain technology to the real 
world by providing a comprehensive governance structure, a robust economic 
model, and IoT integration. VeChain is the pioneer of real-world applications 
using public blockchain technology, with international operations in Singapore, 
Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with 
our strategic partners DNV GL and PwC, we have established cooperative 
relations with many leading enterprises in different industries, including 
Walmart China, BMW, BYD Auto, H&M, LVMH, ENN, AWS, PICC, ASI Group, etc.

For more information about VeChain, please follow our twitter @vechainofficial 
or visit our official website www.vechain.com.
 
SOURCE: VeChain

CONTACT: For news inquiries, please email to press@vechain.com

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