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.

VeChain (VET) Rank Update

28 Sep 2020 1 minute read 0 comments Crypto_duggy

VeChain (VET) currently trading around $.0133 has seen an almost 8% increase in the past 24 hours. The ALTRANK on LunarCrush for VET moved up 73 spots to #5. The momentum behind this project is continuing to grow and the future looks bright.      Di...

VECHAIN ( VET) Short Term Prediction

25 Apr 2020 1 minute read 0 comments skyislimit

First, we remember what we said last time "Everything goes as we said before only slight changes. Last five days volume is ok but buyer and seller they can not decide what to do with market direction. Mostly sideways. Support stays at $0.0034 level a... Syndicate ----VET Vechein 50% off

22 Apr 2020 1 minute read 0 comments Cardo

  For the magic number is 2 or 50% off they have tu tokens 1. MCO conducted the MCO Token Sale in May-June 2017 and raised US$26.7 million. MCO has a circulating supply of 15.8 million tokens and trades on 22 exchanges globally...

Animated QR Code GIF Design Part 2 😍🎇(VeChain)

31 Mar 2020 1 minute read 0 comments uplvls

NEW Custom Animated VeChain QR Code Design   So Publish0x, what do you think of the custom VeChain QR Code design? Let us know in the comments.   Check out more at our store where you can order your custom QR Code GIF:

VechainThor reaches new ATH over 1m TXs by enterprise solutions!

4 Jul 2019 1 minute read 0 comments CryptoFallen

🥂Milestone🥂 New ATH and breaking the 1m #ValuableTXs for the @vechainofficial $VET #blockchain, the amount of $VTHO burnt has been insane, the phoenix 🔥 beginning to rise! #VET #VeChainThor #VeFam $OCE $SHA $PLA$BTC $XRP $ETH $TRX $LTC $ADA $XLM $EOS...

VET: A lifetime opportunity that may make you rich

1 Jul 2019 1 minute read 0 comments ModernEuler

Hi guys. Today I want to share my thoughts on Vechain (VET token).   The VeChain Thor ecosystem consists of VET (VeChain) and VTHO (VeThor token). VET is mother cryptocurrency that produces a separate token called VTHO which is used for all the trans...

The Advisor of Binance opens OceanEx Exchange

24 May 2019 1 minute read 0 comments CryptoFallen Check this exchange out and come say hi in the Telegram group, I'll be there to help out any new community members. Imagine buying Binance when it was less than a $1 back then ;)

Looks like VechainThor (VET) buys out Ambrosus (AMB)

3 Apr 2019 1 minute read 0 comments CryptoFallen Nice find by wazapepe.

Plair’s got Talent Part 2

7 Mar 2019 1 minute read 1 comment CryptoFallen

I’ve completed my Plairs got Talent Part 2, anyone else done theres? 😊 if you can smash them likes in twitter, it’d be greatly appreciated!

Vechain Power

10 Feb 2019 1 minute read 2 comments CryptoFallen

One of my favourite projects going around atm is Vechain, although the whole crypto space is going through a bear market at the moment it is great to see that Vechain is consistanly tackling many issues within supplychain management. On top of that,...