VeChain, a leading global enterprise level public blockchain platform has announced that it was chosen by NTT Docomo to be the first batch of partners for the 5G Open Partner Program launched by NTT Docomo, the largest telecommunication company in Japan.
5G is a high-speed/capacity network service which NTT Docomo aims to materialize its industrial usage in 2020. As one of the leading enterprise public blockchain platform, VeChain aims to provide next-generation technology services by utilizing 5G in collaboration with NTT Docomo on the VeChainThor Blockchain.
VeChain’s goal is to enhance and enrich its current data services capacity within traceability, supply chain management, and smartphones for users. VeChain has ongoing efforts to bring traceability use cases in Japan into the VeChain ecosystem, the 5G program will bring additional value to VeChain’s presence in the region.
The VeChain team said:
“We are proud to participate in this program, collaborating with multiple cross-industry enterprises. This partnership program has already opened new doors for further cooperation on new endeavors. As a result, many new partnerships have been formulated and services will be onboarded to the VeChainThor Blockchain. Notably, VeChain is currently in close talks with a leading company in one of the most notable Japanese industries. By combining our technology with NTT Docomo’s 5G, the power of the VeChainThor Blockchain continues to become stronger.”
Docomo 5G Open Partner Program
Aiming to materialize industrial usage of 5G in 2020, NTT Docomo launched Docomo 5G Open Partner Program in Feb. 2018, to involve a wider range of partners. Consequently, there will be more possibility of creating new scenes under 5G environment.
NTT Docomo is the largest telecommunication company in Japan, which was founded in 1991. In Mar 2018, with a 45.3% share of all mobile phone subscriptions, Docomo is the leading carrier in Japan. NTT Docomo has also broadened its business into smart life such as the distribution of digital content and mobile payment etc.
Now Docomo aims to materialize industrial usage of 5G in 2020, which is also the year of Tokyo Olympics. The usage involves the technology of cloud, IoT, in order to realize new ways of watching sports games involving VR/AR technology, automatic drive and smart lifestyle etc.
The market capitalization of NTT Docomo ranked 2nd in Japan, after Toyota, in 2018.