VeChain & IBM collaboration rumor

Wazapepe
3 min readJun 29, 2019

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REMEMBER THESE ARE ALL SPECULATIONS AND RUMORS.

Rumors are quickly spreading that VeChain will soon announce a collaboration. Also we have Sunny Lu (CEO of VeChain) suggesting such a thing (see image.)

https://twitter.com/sunshinelu24/status/1143359380861177856

Walmart China was previously using an IBM solution on food safety solutions, and now there is a system in place which uses the VeChain blockchain. (see image.)

https://www.forbes.com/sites/rogeraitken/2017/12/14/ibm-walmart-launching-blockchain-food-safety-alliance-in-china-with-fortune-500s-jd-com/#1c8aa2347d9c

This might suggest that Walmart either switched, or willingly migrated their project to a public chain perhaps with support from IBM (e.g. VeChain)

It would only make sense for PWC/IBM to push VeChain Thor as the public chain solution where public chain is essential. (or a hybrid model as suggested earlier.)

Also an anonymous user on 4chan.org/biz said to be an ex VeChain employee who has now held two AMA (ask me anything) sessions. In his first session he got some things right which might suggest he knows things, also added to this rumor in his second session (see image.) This should be taken with a big grain of salt for sure.

http://boards.4channel.org/biz/thread/14422148

To round it all up. If said speculations are true.. This would be a massive accomplishment for blockchain public chain projects specificly. The scope of this ‘’project’’ would have almost no boundries for VeChain. This would nicely add up with this statement made by Jason Rockwood (country manager for VeChain in the USA.)

https://twitter.com/jasonrockwood/status/114464258241427456I

!UPDATE! most recent AMA from VeChainInsider with Kevin Feng (COO):

https://vechaininsider.com/news/facebook-ama-with-kevin-feng/

!UPDATE! Sunny talking about a conference call with IBM:

https://www.youtube.com/watch?time_continue=4389&v=_CRHifON9X8&feature=emb_logo

“Hybrid mode actually coming from a very interesting conference call with someone from IBM actually.
I was asking the question to the host the question what is the future of blockchain?

Both of us agreed, it should be a hybrid blockchain.

It could be a consortium blockchain public and private blockchain merged toghether.
Based on the different use cases.”

!UPDATE! VeChain most recent announcement (date 29/05/2020)

https://twitter.com/vechainofficial/status/1266355883094634496

Interestingly enough it turns out that Producersmarket is also working with IBM on this (so it seems) same project.

https://www.prnewswire.com/news-releases/producers-market-to-join-with-ibm-food-trust-to-advance-food-traceability-300823622.html
https://storybird.producersmarket.com/taps/scallops

!!update!! 17 September 2020

#VeChain has joined the China Animal & Food Safety Alliance (CAFA)

Companise involved in CAFA.

Again we see VeChain and IBM on the same list. Working together on the same project public/private chain(?)

!!UPDATE 29/12/2020!!!

Apparent leaked IBM GitHub screenshot

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