5 key Web3 partnerships that will have a knock-on impact in 2024
As we move hard toward 2024, Web3 and the blockchain industry continue to evolve while embracing the principles of decentralization and transparency. The driving force behind this change is strategic. partnership It’s about bringing together innovative thinking and resources. This partnership paves the way for cross-promotion and mutual growth, demonstrating tremendous potential for collaborative impact within the dynamic Web3 environment. Let’s explore the future and see what exciting developments await us.
Here are 5 partnerships that are reshaping the Web 3/Blockchain industry:
1. Partnership between Deloitte and Nexxiot to digitize logistics with blockchain infrastructure
Deloitte and Nexxiot – TradeTech pioneer in leveraging cutting-edge technology to digitize supply chain assets We have been working together to advance the logistics industry through KYX. Utilizes the Polkadot-based KILT blockchain. This partnership aims to provide specialized logistics and supply chain services centered on the shipping industry.
KYX represents a strategic combination of Know Your Customer (KYC) and Know Your Freight, integrating KYC/KYB credentials built on KILT for the logistics industry. Additionally, the collaboration between Deloitte and Nexxiot based on the KILT blockchain represents an innovative step in revolutionizing trust and transparency in the logistics industry.
The important announcement was made during the KYX: FREIGHT & CARGO MEET WEB3 presentation at Polkadot Pulse 1.0 on December 7, 2023, with Ingo Ruebe of KILT Protocol and Micha Bitterli and Werner Fontanive of Deloitte Managed Services.
2. Strategic partnership between TON Foundation and MEXC Ventures
MEXC Ventures, a subsidiary of global cryptocurrency exchange MEXC, Announcement of major investment in The Open Network, marking the largest layer 1 investment ever. This investment is in conjunction with our strategic partnership with the Open Network (TON) Foundation and reflects the two organizations’ shared vision to improve global Web3 accessibility by reducing barriers to entry.
3. NEAR Foundation and International Cricket Council (ICC) partners
ICC joined hands with the NEAR Foundation. To create a Web3 fan engagement app Leveraging blockchain technology for the upcoming 2023 Cricket World Cup in India. This pioneering venture plans to connect with hundreds of millions of fans over the next six weeks. As the official blockchain partner of the ICC, NEAR Foundation aims to strengthen fan engagement, expand the impact of the sport to new audiences, and deliver lasting value to cricket lovers.
4. Ripple partners to maintain the Web 3 platform
Ripple, a leader in enterprise blockchain and cryptocurrency solutions, has announced something new. Partnership with Uphold, a global Web3 financial platform. Through this collaboration, Uphold will provide Ripple with advanced cryptocurrency liquidity capabilities to enhance cross-border payments infrastructure.
5. Microsoft partners with Aptos Labs for Web3 and AI.
American tech giant Microsoft Announces Partnership with Layer 1 Blockchain Aptos Labs For collaboration on AI and Web 3. Aptos Labs will also leverage Microsoft Azure OpenAI services to accelerate global Web 3 adoption. Both organizations are also committed to exploring a range of technological innovations, including asset tokenization, payments, and central bank digital currencies, to drive Web3 adoption.
Also Read: Flare and Kinetic Partner to Increase DeFi Liquidity and Accessibility
