VeChain / VET

Creation date :

2009

Whitepaper:

bitcoin.org/bitcoin.pdf

Site :

bitcoin.org/fr

Consensus :

Proof of Work

Block Explorer :

etherscan.io

Code :

github.com/bitcoin

What is VeChain?

VeChain is a blockchain platform designed primarily to revolutionize the supply chain management and quality control sector. Through its robust and secure infrastructure, VeChain enables companies to track products from production to delivery with unrivalled precision, helping to combat counterfeiting and improve transparency.

  • Reliability and security: VeChain offers a reliable platform where data is immutable and secure, essential for companies wishing to guarantee the authenticity of their products.
  • Enhanced traceability: Thanks to integrated IoT technology, VeChain ensures detailed product tracking at every stage of the supply chain.
  • Increased transparency: Consumers benefit from direct access to supply chain information, reinforcing brand trust.

The history and architects behind VeChain

Founded in 2015 by Sunny Lu, former CIO of Louis Vuitton China, VeChain aims to use blockchain technology to solve real-world business problems. Under Lu’s leadership, VeChain has quickly established itself as a leader in the application of blockchain to the logistics sector and beyond.

  • Foundation and evolution: VeChain’s history is marked by constant innovation and significant expansion of its applications and partnerships.
  • Expertise and Leadership: Sunny Lu and his team bring in-depth expertise and visionary leadership, essential for VeChain’s continued success and growth.

Fields of application

VeChain can be applied to a variety of sectors, from agriculture to pharmaceuticals and automotive, illustrating its versatility and effectiveness in strengthening supply chain management.

  • Agriculture: Tracking and verifying the origin and quality of agricultural products.
  • Pharmaceuticals: Ensuring drug compliance and traceability throughout the supply chain.
  • Automotive: Working with companies such as BMW to guarantee the authenticity of parts and improve supply chain management.

Who does VeChain work with?

VeChain’s strategic partnerships with renowned companies underline its impact and legitimacy in the industry. Collaborations with giants such as BMW, Walmart China and LVMH testify to the value VeChain brings to various industries.

  • BMW: VeChain helps guarantee the authenticity of vehicle parts and improves supply chain management.
  • Walmart China: VeChain’s application in the control of food products ensures greater transparency for consumers.
  • LVMH: In the luxury goods sector, VeChain combats counterfeiting and reinforces customer confidence.

These partnerships illustrate VeChain’s commitment to providing practical and reliable blockchain solutions for businesses.

What does VeChain bring to the world of NFT?

VeChain’s entry into the world of NFTs (Non-Fungible Tokens) marks a significant evolution in its ecosystem, offering new avenues for digital creation and commerce.

  • VeChainThor: The VeChainThor blockchain facilitates the creation, purchase and sale of NFTs, enriching its service offering.
  • Marketplaces: Platforms such as VeSea enable users to explore and interact with various NFT collections on VeChain.

VeChain’s involvement in NFTs demonstrates its ability to innovate and adapt to current market trends, while providing a solid infrastructure for the tokenization of digital and physical assets.

Quel avenir pour VeChain ?

VeChain continues to evolve, aiming to strengthen its position as a leader in the blockchain field. VeChain’s future prospects are marked by continuous innovation and the expansion of its applications into new sectors.

  • Growing adoption: VeChain is looking to expand its adoption beyond current industries, exploring areas such as energy, waste management and the public sector.
  • Improved technology: Continuous improvement of the VeChainThor blockchain aims to increase its capacity, security and accessibility for users and developers.

The commitment to innovation and quality makes VeChain a major player in the future of blockchain, promising new applications and sustained growth.

How do I obtain and secure VET tokens?

Acquiring and securing VET tokens is crucial for VeChain investors and users. Here are some key steps to ensure the security of your assets:

  • Buying VET: Tokens can be purchased on reputable exchange platforms, taking care to choose reliable and secure options.
  • Secure storage: Use recommended wallets, such as the VeChainThor Wallet, for optimized security. Also consider the use of hardware wallets for offline storage.

These practices are essential to protect your investments and participate securely in the VeChain.c ecosystem.

Summary and conclusion

In conclusion, VeChain stands out as an innovative and versatile blockchain with diverse applications and strong strategic partnerships. Its commitment to sustainability, transparency and efficiency makes it a key technology for the future of supply chain management and beyond. With its constant evolution and active community, VeChain is positioned for continued growth in the blockchain world.

Price converter

Stay up to date with the latest news

Subscribe to our newsletter to get all the latest crypto news delivered straight to your inbox.

VeChain articles

Other crypto files

Where to buy it?

Exchange

A platform for trading and buying crypto-currencies (crypto-bourse). You can buy via bank transfer, credit card, some others offer

Currency exchange

At a physical bureau de change or automatic teller machine (ATM)

Online Marketplace

On an online marketplace like LocalBitcoins

Physical exchange

Via a classified ads site, then make a physical exchange.

Crypto Trends

What’s important to understand about affiliate links is that this page presents investment-related assets, products or services. Some of the links included in this article are affiliate links, which means that if you make a purchase or register on a site from this article, our partner pays us a commission. This enables us to continue creating original and useful content for you. It’s important to note that there’s no impact on you as a user, and you may even benefit from a bonus by using our links.
It’s crucial to recognize that investing in crypto-currencies involves risk. [Coinaute.com](http://coinaute.com/) takes no responsibility for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss arising from the use of any goods or services mentioned in this article. Crypto-asset-related investments are inherently risky, and readers are advised to conduct their own research before taking any action, investing only within the limits of their financial capabilities. It is essential to understand that this article does not constitute investment advice.

It is also advisable to follow the recommendations of the AMF. No high return is guaranteed, and a product with high return potential also entails high risk. It is imperative that risk-taking be consistent with your project, your investment horizon and your ability to withstand a potential loss of capital. We strongly advise against investing if you are not prepared to accept the possibility of losing all or part of your capital.