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.


Hold for Billionaire — Join OCE CryptoFarm to Win 20% Annualized Expected Return

18 Jun 2019 1 minute read CryptoFallen $0.03 tipped

oceanex.pro   Dear Users, We are excited to announce that our new feature — CryptoFarm of OCE Club is online now! To thank for your support all the time, we are going to hold a special event “Hold for Billionaire” — join OCE CryptoFarm to win 20% ann...

Cosmos (ATOM) Will be Listed Soon

18 Jun 2019 1 minute read CryptoFallen $0.07 tipped

oceanex.pro Dear users, OceanEx is going to list Cosmos (ATOM). Deposit function of ATOM will be available at 10:00, June 19th, 2019 (UTC+8). ATOM/VET and ATOM/USDT trading pairs will be opened accordingly at 10:30 and 11:00, June 21st, 2019 (UTC+8)....

OceanEx CryptoFarm Subscription Guide

17 Jun 2019 4 minute read CryptoFallen $0.02 tipped

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OceanEx Has Officially Released iOS Alpha Version

15 Jun 2019 1 minute read CryptoFallen $0.05 tipped

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

Everything you need to know about VeChain

12 Jun 2019 1 minute read Zoran Spirkovski $0.04 tipped

Hey Everyone, Thank you for clicking on the link and showing interest in learning more about VeChain!  I have to disappoint you and let you know that the article is not yet finished. This is just an initial placeholder put in place by the author to s...

VeChain presents excellent ROI in the short and medium term.

6 Jun 2019 2 minute read daniejjimenez $1.03 tipped

The crypto market has returned to signs of recovery as the end of the first week of June 2019 approaches. The fierce attack of the bears at the beginning of the month does not seem to have enough fuel to persuade an ecosystem that remains reluctant t...

New Feature - Token Info. Page Now Online

5 Jun 2019 1 minute read CryptoFallen $0.01 tipped

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OceanEx has Raised the Withdrawal Limit for Non-KYC Users

3 Jun 2019 1 minute read CryptoFallen $0.02 tipped

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OceanEx Community Event Series 1- Deep Sea Round Table 7.0

31 May 2019 1 minute read CryptoFallen $0.09 tipped

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 CryptoFallen $0.05 tipped

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...