VeChain
VET$0.007164
Market Cap
$615.51M
Volume 24h
$12.92M
Vol / Market Cap
2.10%
Rank
#30
VET Price Chart
VeChain is a blockchain platform focused on supply chain tracking and enterprise solutions.
What Is VeChain (VET)? VeChain is a blockchain platform focused on supply chain management and enterprise solutions, enabling product tracking and data transparency.
A blockchain designed for enterprise supply chain management. It integrates IoT devices such as sensors and RFID tags to track products in real time, improving authenticity and transparency.
Supply Chain Transparency: Used to track products through the supply chain life cycle, supporting food safety, luxury goods authentication, and carbon credit transparency.
Supply Chain Tracking: Uses a dual-token model (VET for value, VTHO for gas). Used to track product lifecycles (e.g., wine, luxury goods, vaccines) to improve authenticity and reduce fraud with IoT data.
Real-world supply chain adoption is slower than expected; heavily exposed to Chinese trade and regulatory dynamics.
