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.


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

4 Sep 2019 1 minute read 0 comments goldenforex

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...

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

13 Aug 2019 2 minute read 3 comments paulOf91

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 11 comments Chenhuang_defi

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...

4 Cryptocurrency Projects With Really Big Partnerships

24 Jul 2019 3 minute read 7 comments paulOf91

The entire cryptocurrency space is constantly evolving with new technologies and ideas being implemented every month. However, one of the strongest driving forces behind a cryptocurrencies ascension is the really big partnerships that the project can...

It Is Just a Matter of Time Before These 3 Cryptos Explode In Price And Adoption

17 Jul 2019 3 minute read 1 comment paulOf91

So if you take a look at the market now, you’ll see that it’s dropped below the psychologically important mark of $10,000. With any luck, it’ll pop back up to its 2017 highs later this year, and the general expert opinion on this is that it will.  An...

If You Are holding XRP, You Should Also Consider These 2 Crypto Projects

9 Jul 2019 2 minute read 7 comments Ravir3z

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 2 comments kevW!ls0n

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...

Walmart uses Vechain ..........

7 Jul 2019 1 minute read 1 comment salahchiva

Adding more Vechain to my 💼. Walmart is a mega deal, but one in a long list of big partnerships and deals. The price hasn’t caught up to all the news, but when it does, faces will melt. 🚀 Wow ! Just a week ago I wanted to trade my VET for BTC but I...

OceanEx has Officially Released Android Alpha Version

5 Jul 2019 1 minute read 0 comments CryptoFallen

oceanex.pro Dear users, We are pleased to release our OceanEx Android alpha version! Our Android alpha version supports rich types of cryptocurrencies in the market and all kinds of mainstream digital currencies and VeChain ecosystem currencies. It a...

VeChain AMA: 5-Personal Key Points

1 Jul 2019 1 minute read 0 comments CryptoFallen

30th June, Sunny Lu, CEO of VeChain conducted an hour long live AMA with the community in an open heart to heart AMA with the community which was then joined along side with an adviser and now CEO of OceanEx (Cryptocurrency Exchange) Nan. First off,...