The VeChain project started in June 2015, focusing on building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transfer. Specializing in blockchain and IoT technologies, has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide.
By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, The aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable ecosystem.
VeChain currently operates out of seven offices located in Shanghai, Singapore, Paris, Luxembourg, Palo Alto, Tokyo and Hong Kong, with the international professional team of over 100 staff members including over 50 professional blockchain application developers. VeChain actively works with top-notch universities worldwide in its blockchain R&D capacity,
VeChain such as Tsinghua University, Stanford University, MIT, Oxford Mathematical Institute, Dartmouth College, City University of Hong Kong and South China Normal University. Additionally, This is one of the leading firms globally in terms of blockchain related patents.
VeChain Storage Key Points
|Circulating Supply||64,315,576,989 VET|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What Makes (VET) Unique?
VeChain exists to disrupt traditional supply chain models, an industry which before blockchain had remained little changed over the decades. Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking products in a given supply chain, while reducing cost through trustless automation.
The model thus appeals to businesses looking to reduce supply chain friction and give a more transparent impression to clients.
The official literature notes that its unique proposition lies in its dual-token setup, among other features. In-house token fees combine with charges for various services to generate operating income for the company, while token holders can engage in activities such as staking, thus providing liquidity in return for rewards.
Why Choose VeChain
Professional Global Team
Founded in 2015, The is one of the earliest blockchain technology companies in the world, with offices in China, Europe, US, Singapore, and Japan.
Proven Expertise in Many Industries
The has supported digital business transformation use cases for blockchain solutions in industries as diverse as fashion, wine, automobile, food safety, carbon emission reduction and agriculture.
Easy-to-Deploy Blockchain Platform
Robust and secure blockchain infrastructure featuring turnkey solutions with both software and hardware ensures a quick implementation for enterprises and developers.
Partner Network for Ecosystem Expansion
The business ecosystem includes many business and technology partners that promote blockchain application adoption and innovation by empowering each other, creating exponential value for all network participants.
The Blockchain-as-a-Service (“BaaS”) platform is called ToolChain. ToolChain is a comprehensive blockchain platform offering diverse services including: product lifecycle management, supply chain process control, data deposit, data certification, and process certification. With ToolChain, any sized business, no matter how large or small, can utilize blockchain technology to further enhance brand perception and value as well as to expand into new business models.
How Is the VeChain (VET) Network Secured?
The (VET) is a proof-of-stake token, and itself explains that relatively low computing power is required to achieve network security and maintain user consensus.
A separate feature, proof-of-authority, involves authority masternode operators maintaining the protocol in their own interest according to rules laid down by parent organization, the Foundation.
Where Can You Buy (VET)?
VET is a freely-tradable token available on major exchanges, while markets also exist for VTHO.
VET had major markets on Binance and Huobi Global among other platforms, with pairs for cryptocurrencies, stablecoins and fiat currencies.
Who Are the Founders of VeChain (VET)?
VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China.
Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” structures which do not suffer from corruption as part of the supply chain.
Fellow co-founder Jay Zhang, who directs global corporate structure, governance, and financial management, previously worked for both Deloitte and Price Water house Coopers in the finance and risk management sphere.
Having launched in June 2016, This is one of the oldest dedicated blockchain supply chain platforms on the market.