- Category: Smart Contract Platform
- Coin Launched: July, 2015
- Resources: White Paper
- Official Website: VeChain
- Reddit: VeChain
VeChain is a block chain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology,
VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought.
VECHAIN History / Information / Buying / Staking
VeChain is a multi-purpose enterprise blockchain for improving business operations and product tracking. VeChain blockchain development started in 2015 as a modified fork of Ethereum with a design focus on Internet of Things (IoT) and supply chain management. To date, VeChain has expanded their focus to multi-purpose functionality with customizable support for a range of enterprise uses.
HOW VECHAIN WORKS
VeChain is a blockchain-based platform that records the truth of what happens at every stage of the supply chain. It combines physical tracking with blockchain records to keep tabs on real-world products from production to delivery, helping to prevent fraud and increase transparency.
BENEFITS OF USING VECHAIN
Some of the benefits of using Vechain are:
REAL WORLD PARTNERSHIPS
VeChain has many real-world partnerships with popular and reputable corporations.
Increased focus on quality, companies can reliably maintain high product standards in their supply chain.
Semi-decentralized model with a decentralized system and centralized channels. This is to make sure that it is as efficient as possible.
CAN YOU STAKE VECHAIN
Users can stake VET coins to get rewards (rewards are paid in VTHO tokens) and participate in decision-making processes about the network.
COINS SIMILAR TO VECHAIN
Direct competition to Vechain which are considered similar coins are:
VeChain's top competitors include PIVX, Orchid Labs, Vertcoin, The Open Application Network and Jelurida.