The VeChain project started in June 2015, focusing on building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transfer. Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide.
By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain Cryptocurrency aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable ecosystem.
VeChain currently operates out of seven offices located in Shanghai, Singapore, Paris, Luxembourg, Palo Alto, Tokyo and Hong Kong, with the international professional team of over 100 staff members including over 50 professional blockchain application developers. VeChain actively works with top-notch universities worldwide in its blockchain R&D capacity, such as Tsinghua University, Stanford University, MIT, Oxford Mathematical Institute, Dartmouth College, City University of Hong Kong and South China Normal University. Additionally, VeChain is one of the leading firms globally in terms of blockchain related patents.
The wine producer “F” has been making quality wine using indigenous grapes, and conducting strict process and storage controls, however, lacking effective ways to prove the quality of their products to end consumers, the winery failed to stand out in the market. After researching multiple authentication solutions, F chose VeChain’s ToolChain solution to enhance brand perception using blockchain, and deployed the ToolChain Standard Version across the entire winemaking process.
Verified by an independent authoritative certification body, the wine producer F was issued an internationally recognized quality certificate, which was stored on the VeChainThor blockchain together with relevant data. When authorized by F, all the data stored on the blockchain can be shared with business partners and consumers, thus improving the company’s credibility in the market and overall brand perception.
Consumers also participate by scanning the IoT device attached to the bottle cap and embedded with a unique ID on the VeChainThor blockchain, using the VeChain Pro Mobile App. Following the instruction, the consumer is prompted with the authentication information and certificate stored on the blockchain, thus making it possible for them to learn about the high-quality raw materials and unique processing techniques of the wine. The consumer can also interact with the brand through the mobile app, further enhancing brand value.
Why Choose VeChain
Professional Global Team
Founded in 2015, VeChain is one of the earliest blockchain technology companies in the world, with offices in China, Europe, US, Singapore, and Japan.
Proven Expertise in Many Industries
VeChain has supported digital business transformation use cases for blockchain solutions in industries as diverse as fashion, wine, automobile, food safety, carbon emission reduction and agriculture.
Easy-to-Deploy Blockchain Platform
Robust and secure blockchain infrastructure featuring turnkey solutions with both software and hardware ensures a quick implementation for enterprises and developers.
Partner Network for Ecosystem Expansion
VeChain’s business ecosystem includes many business and technology partners that promote blockchain application adoption and innovation by empowering each other, creating exponential value for all network participants.
VeChain’s Blockchain-as-a-Service (“BaaS”) platform is called ToolChain. ToolChain is a comprehensive blockchain platform offering diverse services including: product lifecycle management, supply chain process control, data deposit, data certification, and process certification. With ToolChain, any sized business, no matter how large or small, can utilize blockchain technology to further enhance brand perception and value as well as to expand into new business models.
Off the Shelf
ToolChain Standard Version is designed to provide a comprehensive low-code/no-code blockchain solution that meets even the most demanding enterprise requirements. Register for a free trial now and integrate blockchain into your business right away.
ToolChain Developer Version provides developers with additional tools, such as powerful APIs, an SDK toolkit, detailed developer documentation, etc., to easily develop a variety of blockchain applications without having to be proficient in blockchain development.
Independent Deployment and Customization
ToolChain Partner Version, a turnkey solution designed specifically for VeChain channel partners, is available for independent deployment and multidimensional customization to meet diverse business demands and provide a more immediate end-user experience.
ToolChain is a fully functional blockchain solution combining software and hardware. The complete solution consists of a software application platform, mobile apps, IoT chips and sensors, the VeChainThor blockchain service, etc., and covers the entire lifecycle of products from material procurement, production and processing, logistics, warehousing, storage, and distribution to the end consumer.
Secure and Reliable
ToolChain has been adopted by enterprises in various industries around the world. With excess network security protection and operation and maintenance capacities, we can provide encryption services for the entire process of data storage and transmission.
VeChain ToolChain comes with an affordable, pay-as-you-go pricing model, providing the complete toolkit: management platform, IoT chip and equipment, mobile app, and H5, to facilitate management improvement and brand upgrading in a cost-effective fashion.
How Is the VeChain (VET) Network Secured?
VeChain (VET) is a proof-of-stake token, and VeChain itself explains that relatively low computing power is required to achieve network security and maintain user consensus.
A separate feature, proof-of-authority, involves authority masternode operators maintaining the protocol in their own interest according to rules laid down by parent organization, the VeChain Foundation.
Where Can You Buy VeChain (VET)?
VET is a freely-tradable token available on major exchanges, while markets also exist for VTHO.
VET had major markets on Binance and Huobi Global among other platforms, with pairs for cryptocurrencies, stablecoins and fiat currencies.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.