VE

VeChain

VET
Supply chainRank #30VeChain

$0.007268

+1.49%24h
+3.65%7d

Market Cap

$624.81M

Volume 24h

$17.99M

Vol / Market Cap

2.88%

Rank

#30

VET Price Chart

About VeChain

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.

How It Works

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.

Use Cases

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.

Tokenomics

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.

Risks & Considerations

Real-world adoption of supply chain tracking is slower than anticipated; heavily dependent on Chinese trade regulations.

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