VeChain Thor (VET) News, Price Predictions, Opinions and Analyses Created by Users

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.

VeChain is a next-generation smart-contract

12 hours ago 1 minute read 1 comment ĒRDNA

VeChain is a next-generation smart-contract blockchain platform. Called the Ethereum for Business, combines smart contracts and blockchain technology with RFID (Radio Frequency Identification), NFC (Near-Field Contact), and other IoT devices. It has...

Ripple XRP, BAT Brave, Bitcoin, ADA (Cardano) VET - BIG NEWS OF THE WEEK

13 hours ago 1 minute read 0 comments Digital Asset Thinker

Good day everybody, here is my new video of the 11/07/2020 about the cryptocurrencies Ripple XRP, VET , BAT, ADA and fundamental news of the WEEK about the market :   CLICK HERE here to  Install  BRAVE Browser  and Be REWARDED In BAT CRYPTOCURRENCY...

Episode 102: Who's The Best Trader on Twitter? Cardano VeChain XRP - Christ & Crypto

10 Jul 2020 1 minute read 0 comments NewCreationCapital

Video:   Audio:     Join The New Creation Cronies Telegram Group In Episode 102:  Join us for our Friday Morning Live Stream, Christ & Crypto ?  This is our Story of the day. Story Related Links: @Ape_rture Tweet New Dollar Backed by Gold Coming Thi...

Ripple XRP GOOD NEWS - VET Chain - ADA Cardano - Brave BAT - INSTITUTIONS

10 Jul 2020 1 minute read 0 comments Digital Asset Thinker

Good day everybody, here is my new video about CryptoCUrrencies Ripple (XRP, VET, ADA :   CLICK HERE here to  Install  BRAVE Browser  and Be REWARDED In BAT CRYPTOCURRENCY Everyday for FREE (on your PC and your Android)    ...

Episode 100: Green Day! Lets Do Some TA! BTC XRP ETH CRO XLM VET ADA

8 Jul 2020 1 minute read 3 comments NewCreationCapital

Audio:   Video: Join The New Creation Cronies Telegram Group In Episode 100:  We do some rapid fire TA today!  This is our Story of the day. Story Related Links: Referral Links: MCO $50.00 referral link to Earn one free stock...

How I invested in Elrond and ChainLink (Publish0x community vote result)

8 Jul 2020 1 minute read 5 comments PVMihalache

Yesterday I asked for help and advice regarding on what to have a small investment, 10 BUSD. Various friends and members of the community got involved and gave good recommendations. I just love the meme I've created so I will  gonna use it again. The...

How to Stake Vechain on Atomic Wallet!

7 Jul 2020 3 minute read 6 comments SamBTC

In this post I will be covering what is Vechain project, what are it’s VET and VTHO coins and how you can easily stake it on Atomic wallet.   What Exactly is Vechain? Vechain is a blockchain project aimed at decentralizing the supply chain operations...

Publish0x Community Interactive Post: How to spend 10 BUSD?

7 Jul 2020 1 minute read 10 comments PVMihalache

Good morning friends and foes! I have 10.04  Binance USD from the cashback campaign which just finished on Binance and I have no clue in what to invest them. I need your help to decide so please comment give me your opinion why I should chose a certa...

VeChain rose 73% against a conference with Microsoft and Amazon

6 Jul 2020 1 minute read 0 comments Kluma

The market value of VeChain cryptocurrency has grown by 73% over the past five days, updating its two-year high. Thanks to this, the coin returned to the top 20 digital currencies by capitalization. Over the past day, VET has risen in price by 50%, a...

VeChain (VET) Gained 50 Percent Earnings to Investors in One Week

5 Jul 2020 1 minute read 0 comments Murat Zignec

VeChain, the competitor of projects such as Ethereum, has almost dazzled with its recent performance. According to sources like CoinGecko, VeChain (VET) has gained more than 50 percent against the dollar in the past 7 days. Traders who bought VET at...