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.

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

9 Jul 2019 2 minute read Ravir3z $3.54 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...

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

7 Jul 2019 1 minute read salahchiva $0.03 tipped

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 r...

OceanEx has Officially Released Android Alpha Version

5 Jul 2019 1 minute read CryptoFallen $0.02 tipped 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 CryptoFallen $0.10 tipped

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,...

VeChain: Why I believe it will succeed!

30 Jun 2019 2 minute read CryptoFallen $0.21 tipped

Like many that first got interested in learning more about the blockchain/cryptocurrency would have none other than big daddy “BITCOIN” to thank, he is and will hopefully most likely always remain. But like all great things in life, when one great tr...

OceanEx Monthly Update — June 2019

29 Jun 2019 2 minute read CryptoFallen $0.00 tipped June Highlights: Launch OceanEx CryptoFarm: The Call of VeThor Campaign Part.2 — VTHO Medal Program: Open OceanEx Official Facebook: https://www....

Join PLA CryptoFarm — Win 25% Annualized Expected Return

28 Jun 2019 1 minute read CryptoFallen $0.00 tipped Dear users, To thanks for your support to our brand new feature — CryptoFarm of OCE Club, we are going to hold PLA CryptoFarm — Win 25% Annualized Expected Increase of PLA Amount! We have prepared the PLA CryptoFarm product to help you gr...

Join BAG CryptoFarm Season 2 — Win 30% Annualized Expected Return

27 Jun 2019 1 minute read CryptoFallen $0.02 tipped Dear users, To thanks for your support to our brand new feature — CryptoFarm of OCE Club, we are going to hold BAG CryptoFarm Season 2 — Win 30% Annualized Expected Increase of BAG Amount! We have prepared the second BAG CryptoFarm produc...

VeChain Price Explodes On Potential Walmart Chinese Partnership- Further Adoption Ahead?

26 Jun 2019 2 minute read Blockspectator $0.02 tipped

A recent announcement made by Walmart China saw a bump in VeChain (VET) prices by over 15%. In terms of market cap, VeChain gained over $100 million after the announcement was made. At the time of writing, the price was readjusting; however, the effe...