Vechain Thor (VET)

68 Articles 9 Followers

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.

Bitrue Invensting offer with 10.2% APR offer

1 day ago 1 minute read CryptoJay $0.14 tipped

Bitrue offers a his first lock-up investment plan will be finishing soon, and we're already preparing to launch the 2nd round imminently. The available coins this time will be BTC, XRP, and VET. All of them will require a lock up of 30 days, and in r...

Approaching the next bull run

4 days ago 1 minute read AbrahamCrypto $0.04 tipped

Ever since the highs of 2017 everyone and his mother has been waiting for the next bull run to arrive. Self proclaimed crypto experts did not waste any time to put out their predictions. And ever since China, namely president Xi Jinping, came out and...

Crypto Income #5 VeChain

4 days ago 1 minute read knohen $0.12 tipped

Hello again in my Crypto Income series. This time I will take a closer look at a crypto platform again. This is a project I almost forgot about, because at some point I haven’t gotten much more information about it, so I thought that this will be ano...

Vechain price prediction (2020)

1 week ago 2 minute read Luud $0.20 tipped

Vechain did not end the year how they would have liked after experiencing an attack in the last month of 2019. The breach saw the Vechain Foundation lose around $6 million worth of vet, it was concluded to be a human error. The Foundation did issue a...

Is VeChain (VET) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

2 weeks ago 12 minute read CryptoBoomer $13.67 tipped

Blockchain technology has come a long way since it started with Bitcoin. Back then it was only a digital currency payments network, but now it has turned into something much more. It has become a pathway to decentralizing numerous processes in numero...

Five Altcoins That Will Moon in 2020

3 weeks ago 7 minute read MarkHelfman $5.91 tipped

Ah, yes. A new year’s upon us and everybody wants to know what crypto they should buy. Why do they ask? I think we both know the answer to that question. Nobody has ever asked me about the potential social and economic impact of cryptographically-sec...

VeChain Coin Wallet 2020

20 Dec 2019 1 minute read ChangeNOW $2.59 tipped

VeChain adoption is growing very fast these days. They have a lot of partnerships, with China and Cyprus on the national level, with such companies as Walmart, Bright Food and BMW, no wonder that many investors are interested in their tokens. VET tok...

VeChain Foundation Hacked and VET Tokens Stolen

17 Dec 2019 1 minute read $0.01 tipped

On December 13th, the VeChain Foundation’s buyback address was compromised due to human error by staff members of the company. During the wallet creation process, the private key of the buyback address was stolen. The VeChain Foundation state that th...


14 Dec 2019 1 minute read kripto sedat $0.24 tipped

  ANOTHER PROMISING BLOKCHAIN PROJECT HAS BEEN HACKED.WHO SHOULD WE TRUST NOW? There is no attack on cryptocurrencies or exchanges.Yes, we were more surprised by the news, and we immediately shared it with you.Close time (VET)The VeChain Foundation...

VeChain Foundation Hacked and $6.7 Million Stolen.

14 Dec 2019 1 minute read alberdioni8406 $0.14 tipped

One more Crime caused by Hackers in the crypto sphere and this time the Target was The Non Profit Organization VeChain Foundation ,where the Criminals found a breach in the Buyback address and stole 1.1 Million in Tokens worth $6.7 Millions. The Fou...