VeChain (VET)
- Category: Smart Contract Platform
- Coin Launched: July, 2015
- Resources: White Paper
- Official Website: VeChain
- Reddit: VeChain
About 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
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VECHAIN HISTORY
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.
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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.
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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.
QUALITY CONTROL
Increased focus on quality, companies can reliably maintain high product standards in their supply chain.
HYBRID GOVERANCE
Semi-decentralized model with a decentralized system and centralized channels. This is to make sure that it is as efficient as possible.
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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.
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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.
