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.

OceanEx has Raised the Withdrawal Limit for Non-KYC Users

3 Jun 2019 1 minute read 0 comments CryptoFallen Thanks to our newly implemented AML transaction monitoring system, the risk posed by non-KYC accounts is substantially reduced. As such, OceanEx has raised the maximum 24 hours (UTC) withdrawal limit for non-KYC accounts from 0.1 BTC to 1...

OceanEx Community Event Series 1- Deep Sea Round Table 7.0

31 May 2019 1 minute read 0 comments CryptoFallen

To help build a better OceanEx platform, we can't go without community members' contribution of ideas. Every Wednesday join us at the OceanEx Deep Sea Round Table, share your comments/suggestions with the OceanEx team and community. You might get a c...

Vechain’s Sunny Answers some Questions

27 May 2019 2 minute read 0 comments CryptoFallen

Sunny Lu, VeChain’s CEO dropped into the official VeChain Telegram to answer a few questions about ToolChain. Here’s a quick transcript for those who missed it, or don’t use Telegram.   1. Will there be videos, tutorials, guides and an overall show...

Flash Boys Trading Competition [IOST Special] — Trade Collaboratively to Win Up to 735K IOST

24 May 2019 1 minute read 0 comments CryptoFallen

Dear users, We are excited to announce that our new partner — IOST is going to be listed on OceanEx (refer to “IOST Will be Listed Soon” for more information)! To thank your supports to OceanEx and IOST, we are launching Flash Boys Trading Competitio...

VeChain - Battle Against Fake Products | RFID on Blockchain | Technical Analysis

25 Apr 2019 3 minute read 7 comments bunnychum

There are a lot of problems out there in the real world that can be solved with blockchain technology. One of the reasons crypto market is emerging day by day. We have seen that are promising a lot in their ICOs and even projects getting almost dead....

The Call of VeThor Campaign Part.1 is Online Now!

22 Apr 2019 1 minute read 0 comments CryptoFallen To celebrate the success of VeChain Summit 2019, supported by VeChain, OceanEx is hosting The Call of VeThor Campaign with 5 events to appreciate our users and community members. Please carefully review the following events info. to make...

VeChain Prediction price

10 Mar 2019 1 minute read 0 comments CEDCryptoCoin

VeChain pump ?   I would like to offer an interesting option. as I see it for the appreciation of my finances Vechain - will now have a pump in the near days Long time consolidation and waiting to break 130 sats resistence.Targets : 140 , 150 , 160 s...

My reason to invest in VeChain (VET)

6 Feb 2019 1 minute read 4 comments CryptoOddish

Hey :) I bought today 150k VET and i want to explain why. Maybe someone will do own research after reading this.   VeChain exist since 2015 and the vision is to build a blockchain based secure markets for informations and products. It‘s based on the...

SAFE HAVEN is listed on Oceanex! This is big!!!

18 Dec 2018 4 minute read 0 comments Ayobami99

Wow! Safe Haven Nailed It I couldn’t believe my eyes that a project which I wrote an article for barely nine months ago when it was launch is making waves today. I know it must have been some nine long months for a startup witnessing the 2018 bearish...

Vechain ($VET) News, Bounty Program and more.

6 Jan 2021 1 minute read 0 comments arro

VeChain price today is $0.018785 USD with a 24-hour trading volume of $192,746,475 USD. VeChain is down 2.73% in the last 24 hours. The current CoinMarketCap ranking is #26, with a market cap of $1,208,199,761 USD. It has a circulating supply of 64...