VeChain is a blockchain ecosystem built specifically with enterprise solutions in mind, predominantly in regards to supply chains.

VeChain's platform has 2 tokens: VeChain (VET) which is used to send and receive value, and VeChainThor Energy (VTHO) which is used to pay for transactions on the VeChain blockchain.

VeChain adds a layer of decentralized security to supply chains by facilitating accurate tracking of items across supply chain checkpoints.

One example of this is embedding a unique identification sensor inside expensive items such as luxury handbags.

The sensor can be scanned at various checkpoints in the supply chain and recorded on the VeChain ledger.

If anything goes wrong, the ledger can be referenced to identify where the mishap occurred.

This is just one of many use cases for VeChain - many other uses extend to areas such as agricultural data, electronic document tracking, retail, and digital content distribution to name a few.