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 Sep 2019 14 minute read Cryptolohy $3.01 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 $0.07 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...

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13 Aug 2019 2 minute read paulOf91 $3.50 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...

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9 Aug 2019 3 minute read Chenhuang_defi $6.97 tipped

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27 Jul 2019 3 minute read Rubika Ventures $0.70 tipped

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24 Jul 2019 3 minute read paulOf91 $3.58 tipped

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17 Jul 2019 3 minute read paulOf91 $1.55 tipped

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9 Jul 2019 2 minute read Ravir3z $3.53 tipped

Almost every trader I know would highly recommend XRP as an investment now. But the thing is, most people are already investing in Ripple or already have a lot of XRP tokens. Let’s look at two more tokens that are popular but different from XR{, and...

 Showing You My 2 Coins I Just Purchased #showmyportfolio

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

MKR and VET are my top coins of choice and I know I am not alone thinking these 2 projects are great! Split pretty even between them both - check them out in my portfolio below! Let me start by explaining why I have chosen these two projects to inve...