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.


Adoption of Blockchain is gaining momentum in Supply Chain Industry: Vechain's Pu’er Tea Traceability Platform and Retail giants Carrefour and Nestlé's Infant Formula Tracking

2 days ago 4 minute read ModernEuler $0.26 tipped

Bockchain technology is applied in the supply chain industry in order to ensure the transparency & traceability of the product's life cylce. Thus, blockchain helps to address the fraud in supply chains management by creating blocks of records that ca...

BITCOIN: QUICK MOVE TO $10k? WILL VET & NEO CONTINUE PUMPING? UNDERSTAND THIS TO MAKE MORE PROFITS!

4 days ago 1 minute read CryptoBitcoinChris $0.18 tipped

  Bitcoin: Quick move to $10k?Will VET and NEO continue pumping?TRX: Justin Sun buys an exchangeRipple or XRP, which is more successful?Make more a lot more profit if you understand this idea50 BTC GRIN DonationBNB Binance Phone ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●F...

VET Vechain's Ability to Become #1

1 day ago 1 minute read Jeffrey Allen Kaufman $0.08 tipped

Bitcoin is the King but as with any monarchy, there is always the Prince who will take the Kings place. That Prince just could be VET. Now before you call me crazy, let me explain my reasons. Before I do that though, I strongly recommend that you do...

10 of the Best Proof of Stake Coins 2019 Infographic

2 weeks ago 1 minute read GoCryptoWise $0.25 tipped

  We have created a list of our favourite picks of Proof of Stake cryptos that will get you passive income from staking. If you are not a big trader then we encourage you to look into staking. It’s a great way of earning passive income from crypto a...

What Is Waltonchain? - [A Comprehensive Guide to Understanding Waltonchain]

17 Oct 2019 6 minute read Mr.CryptoWiki $6.64 tipped

Supply chain management and the blockchain industry are like a match made in heaven. Even those who are skeptical about the future of blockchain typically still believe that the supply chain industry can be tremendously improved with the use of bloc...

What is VeChain (VET)? [A Comprehensive Guide to Understanding VeChain]

8 Oct 2019 7 minute read Mr.CryptoWiki $6.66 tipped

The cryptocurrency market has evolved tremendously since Bitcoin was launched in 2009. In the early days of Bitcoin and crypto, cryptocurrencies were a medium of exchange – they were literally digital currencies. The first cryptos were created with t...

vechain cryptocurrency and its future

24 Sep 2019 1 minute read sandeep126 $0.09 tipped

  Vechain coin is getting quite popular from its launching year in 2017. as we know its derived from ethereum and it is based to expand its market in supply chain sector of various companies.if we go through its white paper then we understand that i...

The Idea Of What Constitutes An S**coin Will Dramatically Change In The Near Future

24 Sep 2019 14 minute read Cryptolohy $4.12 tipped

"Nothing has intrinsic value, intrinsic value is a meaningless term because value has to be subjective in the eyes of the valuer" Erik Vorhees, CEO of Shapeshift, in his debate with Peter Schiff   I do not agree with this previous quote from Erik V...

There is a trading opportunity to buy in VETETH on Binance Exchange

4 Sep 2019 1 minute read goldenforex $0.01 tipped

Technical analysis: . Vechain/Ethereum is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 48. . While the price downtrend in the daily chart is not broken...

Silvergate Bank plans on Launching Crypto- Lending Service

22 Aug 2019 1 minute read Richard M Adrian $0.10 tipped

Silvergate is one of the few financial institutions to offer banking services in the cryptocurrency industry. The bank is planning on becoming a cryptocurrency lender itself. Silvergate serves some of the top cryptocurrency firms such as Coinbase, Ge...

VeChain Is One Of The Few Projects That Will Come Out as a Winner From Crypto Bubble

13 Aug 2019 2 minute read paulOf91 $4.68 tipped

VeChain really is one of the projects that will surprise many investors within the cryptocurrency community. It is one of the select few projects that have a working use case with some serious real clients on board, however, the problem is not too ma...

3 Crypto Under 10¢ You Can Buy Today With Huge Gain Potential

9 Aug 2019 3 minute read Chenhuang_defi $9.88 tipped

Altcoins are where the gains are at. Bitcoin is a good long-term HODL, but seasoned investors know that the best gains are made from investing in the right altcoins. Just take a look at Binance Coin (BNB), which has soared in 2019 despite many negati...

Industries At The Light Speed

27 Jul 2019 3 minute read Rubika Ventures $0.71 tipped

We know that the speed of light has an approximate measurement of 299 792 458 m / s (wikipedia.org). Therefore, dear reader, from this moment, we want that you remember it. You can keep calm, we won’t talk about mathematical or physical concepts here...