VeChain
VET$0.007268
Market Cap
$624.81M
Volume 24h
$17.99M
Vol / Market Cap
2.88%
Rank
#30
VET Price Chart
VeChain is a blockchain platform focused on supply chain tracking and enterprise solutions.
VeChain is a blockchain platform focused on supply chain management and enterprise solutions that enables product tracking and data verification.
A blockchain focused on enterprise supply chain management. It uses IoT devices (like sensors and RFID tags) to track physical products in real-time, ensuring authenticity and transparency from the factory to the consumer.
Supply Chain Transparency: Used as the "smart money" to track products through the life cycle, ensuring food safety, luxury good authenticity, and carbon credit transparency.
Supply Chain Tracking: Uses a dual-token system (VET for value, VTHO for gas). Used to track the lifecycle of products (wine, luxury goods, vaccines) to ensure authenticity and prevent fraud using IoT sensors.
Real-world adoption of supply chain tracking is slower than anticipated; heavily dependent on Chinese trade regulations.
