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VeChain (VET)

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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.

ledger wallet

VECHAIN History / Information / Buying / Staking

  • 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.

  • 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.

    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.

  • 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.