VeChain (VET): Blockchain for Real-World Supply Chain and Enterprise Solutions
VeChain is a Layer 1 blockchain platform designed to improve business processes and supply chain management through distributed ledger technology. It focuses on real-world adoption by integrating blockchain into industries like logistics, healthcare, food safety, and sustainability.
The VET token is used for value transfer within the network, while VTHO (VeThor) is used to pay for transactions — creating a dual-token system that separates usage from value speculation.
What Is VeChain?
VeChain is a blockchain built for enterprises that enables:
- Transparent, trustless supply chain tracking
- Integration with IoT devices and real-world sensors
- On-chain data verification for logistics, retail, carbon credits, and more
Launched in 2015, VeChain has formed partnerships with major companies like Walmart China, BMW, and DNV, emphasizing practical blockchain adoption rather than just speculation.
Key Features of VeChain
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Dual-Token System:
- VET: Used for storing and transferring value
- VTHO: Used to pay for smart contract execution and network fees
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Enterprise Adoption: Used in real-world industries including agriculture, fashion, pharmaceuticals, and sustainability tracking.
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ToolChain Platform: A no-code blockchain platform that allows businesses to deploy dApps and solutions without deep technical knowledge.
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Governance and Sustainability: VeChain uses proof-of-authority (PoA), offering efficiency and governance by vetted, reputable entities.
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Real-World Data Integration: Enables tamper-proof data through IoT device integration and blockchain validation.
VeChain is one of the few blockchains with a strong enterprise focus, delivering real-world utility by bridging digital trust with physical goods and services.
⭐ More about VeChain's current market performance, technical trends, fundamentals, and recent developments find on altFINS.
