Vechain Thor (VET)

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VeChain Thor (VET) is a cryptocurrency made by Sunny Lu in 2014. It is a Blockchain-as-a-Service (BaaS) platform focused on delivering Internet of Things (IoT) solutions, particularly in the supply-chain management sector.

Originally started as VeChain (VEN) on the Ethereum network, the project rebranded to VeChain Thor in June 2018 after successfully migrating to its own blockchain. The project intends to provide retailers and consumers with the ability to determine the quality and authenticity of products along the entire supply-chain. The way it works is through a process of Asset Digitization in which manufacturers can assign products with unique individual identifiers. The identifiers use VeChains Identity (VID) technology to mark and track a product along the supply chain. The VIDs are produced using a SHA256 hash function which is then implemented into NFC, RFID chips and QR Codes through their proprietary Smart Chip. 

This process allows consumers and manufacturers to be able to scan the VID at any step along the supply chain and see the authenticity of the product. As the VIDs are created using blockchain technology, this means that the data is immutable and cannot be tampered with, therefore consumers are 100% sure that the information provided about the product is accurate according to the data inputted along the supply-chain. VeChain Thor also supports authorization-based on digital ownership management in which ownership of a physical good can be represented through the use of smart contracts.

VeChain Thor is not completely decentralized; instead, it uses a Proof-of-Authority (PoA) consensus mechanism in which 101 known validators produce blocks and maintain the blockchain.

In this tag you can discover VeChain Thor (VET) news, price prediction, opinion and analysis created by users.


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24 Jul 2019 3 minute read paulOf91 $4.16 tipped

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9 Aug 2019 3 minute read Chenhuang_defi $7.80 tipped

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5 Jul 2019 1 minute read CryptoFallen $0.02 tipped

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2 weeks ago 1 minute read goldenforex $0.01 tipped

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4 weeks ago 1 minute read Richard M Adrian $0.07 tipped

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13 Aug 2019 2 minute read paulOf91 $3.91 tipped

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27 Jul 2019 3 minute read Rubika Ventures $0.87 tipped

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9 Jul 2019 2 minute read Ravir3z $3.55 tipped

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 Showing You My 2 Coins I Just Purchased #showmyportfolio

7 Jul 2019 2 minute read kevW!ls0n $1.13 tipped

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Walmart uses Vechain ..........

7 Jul 2019 1 minute read salahchiva $0.03 tipped

Adding more Vechain to my 💼. Walmart is a mega deal, but one in a long list of big partnerships and deals. The price hasn’t caught up to all the news, but when it does, faces will melt. 🚀 Wow ! Just a week ago I wanted to trade my VET for BTC but I r...

VeChain AMA: 5-Personal Key Points

1 Jul 2019 1 minute read CryptoFallen $0.10 tipped

30th June, Sunny Lu, CEO of VeChain conducted an hour long live AMA with the community in an open heart to heart AMA with the community which was then joined along side with an adviser and now CEO of OceanEx (Cryptocurrency Exchange) Nan. First off,...

VeChain: Why I believe it will succeed!

30 Jun 2019 2 minute read CryptoFallen $0.21 tipped

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29 Jun 2019 2 minute read CryptoFallen $0.00 tipped

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