Why did the VeChain Foundation meet with Chinese government officials?

The VeChain Foundation has confirmed through its official Twitter account that it is holding a meeting with government officials from three major regions of China. Representatives from Shanghai, Changing and Huangpu visited the organization's Singapore office. According to the VeChain Foundation report, representatives of the corporate blockchain platform and governments spoke of "potential transformative partnerships". The organization claimed to be "always ready" to assist all sectors, from private companies to governments. A separate report published by China's website ChainNews states that Vice-Changing Regional Manager Pan Min has "repeatedly" praised VeChain's technology and business development. VeChain Technology Chief Scientist Dr. Ziheng Zhou, Human Resources Director Bing Wang, Marketing and Public Relations Director Yiyun Xia and CEO's Executive Assistant Diyun Gong attended. Committee members promoting construction, trade, science and technology and direct investment with other government officials attended the meeting from the public sector. They were tasked with explaining the use cases, business models and how VeChain can make a difference in the business sector. During the meeting, participants also discussed how VeChain-based products are helping offset the impact of the Covid-19 outbreak and the platform's potential to provide incentives to empower a low-carbon ecosystem. This platform has grown tremendously in China, according to a report by the state-sponsored TV channel Shanghai Media Group (SMG). This news channel has prepared a report on VeChain's role in a 5-year national plan to develop blockchain capabilities. VeChain's Potential Recognized by Nasdaq Following the crash in the crypto market, some altcoins are being offered at "discount" as optimistic investors say. A report published by Nasdaq titled "7 Cheap Altcoins Still Having Strong Potential in 2021" is listed.

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