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.

Why don't you STAKE your VeChain (VET) coins for 10.2 % yearly return

2 days ago 1 minute read 4 comments skyislimit

I want you to know about few things that I found it lately and it is very impressing return it has . You can stake your VET coins at 10.2% Annual return . Amazing return. Why do you stake it for 3-5 % return instead of you can make 10.2 %  annually.I...

Short Term VECHAIN ( VET) Prediction , My Favorite Coin

3 days ago 1 minute read 1 comment skyislimit

VeChain ( VET ) is one of my favorite coins and I think in couple of years will worth much more than today and make everybody very happy.Now lets talk about some predictions if we look at daily chart Long time support stays at $0.0026 and resistance...

BiTrue Power Piggy stacking with up to 13% APR

6 days ago 1 minute read 0 comments CryptoJay

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

Creating a Blockchain: Vechain

2 weeks ago 4 minute read 10 comments M87

Vechain Thor (VET) came into the crypto space as being one of the projects to take on the Internet-of-Things (IoT) and supply-chain industry to become a Blockchain-as-a-Service (BaaS) company with their goal to build “a trust-free and distributed bus...

One Stop Cryptocurrency News Cast For Today ?

1 Mar 2020 3 minute read 0 comments One Stop

📮01-03-2020   📈MarketCap:                  $250 B 📊24h Mcap %:                 -0.27% ⚠️Bitcoin Dom:                 63.3% 📌Active Coins:                2,346 📍24h Vol %:                 -15.45% 💲24h Vol:                     $95 B   Trade On These Ex...

VeChain - The Sleeping Giant

28 Feb 2020 2 minute read 0 comments CatDaddy

We are starting to see some bullish movement in the markets and there have been a few winners in this round producing some pretty substantial gains with many projects skyrocketing due to both market sentiment and the projects themselves. Yet one proj...

Binance Is Launching Perpetual Contract for VeChain (VET/USD) !!!

13 Feb 2020 1 minute read 0 comments Otek

Well known digital asset exchange Binance on Thursday 13.02.2020  announced the launch of a new permanent contract product (VET/USDT) by its future trading platform, Binance Futures, which came live in September 2019. In that way, VeChain join to oth...

Full List of VeChain (VET) Partnerships (2020)

11 Feb 2020 10 minute read 5 comments list3r

Today, I’m going to speak about a pretty big project that has really taken the initiative when it comes to forming partnerships and expanding its ecosystem. This is VeChain, a supply chain focused project that is quickly establishing itself in multip...

Counterfeit To Be Eliminated? - Shopify Plugin To Leverage the Blockchain Technology

23 Jan 2020 1 minute read 0 comments chrispop

A plugin developed by a startup based in San Francisco is currently beta-tested and set to be implemented into the Shopify App Store soon. The startup, “Real Items Foundation”, is leveraging the power of the VeChain blockchain through their so-called...

Approaching the next bull run

17 Jan 2020 1 minute read 0 comments AbrahamCrypto

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...