VET: The innovative blockchain for traceability and sustainability

VeChain is built on a sophisticated technical architecture, designed to meet the demands of modern businesses. The integration of IoT and technologies such as NFC chips connects the physical world to the digital world, transforming real-time asset tracking and optimizing processes in industries as diverse as logistics, healthcare, and the food industry.

Product tracking with IoT and NFC chips: VeChain allows a product to be tracked at every stage of its lifecycle thanks to integrated IoT sensors and NFC chips. For example, in the food industry, companies like Walmart China have used VeChain to offer full traceability of their products, allowing consumers to scan a QR code to verify the provenance of meat, fruits and vegetables, and consumer products. This not only ensures product quality, but also builds consumer confidence.

Transaction management with the VTHO: Transactions on the VeChain blockchain are facilitated by the use of the VTHO, allowing for optimal fee management. The system is designed to be easy to use, which reduces the learning curve for companies that integrate blockchain into their processes. In addition, the ability to delegate these fees further improves the user experience, especially in industries that require regular and fast transactions.

Purpose of transactions: VeChain uses a consensus based on a mechanism called Proof of Authority (PoA), which allows transactions to be validated quickly while ensuring their security. This mechanism ensures the finality of transactions, an essential aspect for companies that need guarantees on the validity of the information exchanged.

VeChain (VET) stands out for its ability to offer blockchain solutions tailored to specific industries, going beyond just managing traditional transactions. In the supply chain sector, VeChain’s blockchain ensures full traceability of products from origin to final consumption, which is especially crucial in sensitive industries where product quality and provenance are critical, such as food, medicines, and luxury goods. A prominent example of this application is VeChain’s collaboration with Walmart China to set up a food traceability system. By scanning a QR code, consumers can obtain complete information about the product, such as its origin, harvest date, transport and storage conditions, improving transparency and consumer trust while facilitating optimized supply chain management. In the field of healthcare, VeChain contributes to the secure and transparent management of medical data, an essential solution in a context where the security of personal information is a priority. For example, VeChain has developed traceability solutions for vaccines, allowing batches to be tracked in real time, ensuring their safety and efficacy throughout their lifecycle. In addition, in clinical trials, VeChain’s blockchain ensures data integrity, preventing fraud and ensuring that the information collected cannot be tampered with. This enhances the credibility of research findings and ensures better compliance with standards. Finally, VeChain stands out for its sustainability initiatives, including VeCarbon, a tool that helps companies track and reduce their carbon footprint. This system makes it possible to measure companies’ CO2 emissions in real time and to take corrective measures to achieve their environmental objectives. In addition, VeChain collaborates with sustainability organizations to promote the adoption of eco-friendly solutions. A notable example is its partnership with the Boston Consulting Group to encourage the development of decentralized applications (dApps) focused on reducing greenhouse gas emissions, demonstrating how blockchain can not only optimize business processes, but also contribute to global sustainability goals.