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.


Where to buy Vechain | Step-by-step Guide

29 Aug 2021 8 minute read 0 comments Crypto Seed

If you want a pretty straightforward answer to where to buy Vechain it would be a major crypto exchange like Binance where you can save 10% on any kind of fee. However, besides the step-by-step buying guide, I have addressed several important topic...

Vechain Analysis | Will Hit $1 | Amazon, Chinese Gov, Oxford, Walmart, PWC - Partner

28 Aug 2021 1 minute read 1 comment Kailash Mina

Hey Everyone, welcome back to My blog Crypto Times and Hope you guys are doing good. This Article on Vechain and will hit $1 Welcome to Everyone on the Fifth article of All about crypto. If you have not read the other articles then go .. All About C...

Supply Chains Are All Over the News, So Is This VeChain's (VET) Time?! Why and Why Not...

25 Aug 2021 9 minute read 2 comments Michael @ CryptoEQ

  VeChain is its own blockchain designed to improve enterprise supply chains. It originally was built atop the Ethereum blockchain in 2015 to bring transparency and authenticity to luxury goods provenance to reduce fraud and combat counterfeit produ...

VIDEO - Proof Of Authority 2.0 - Is it a game changer for VeChain?

16 Aug 2021 1 minute read 4 comments ultron91x

In this video, I covered VeChain SURFACE also known as Proof Of Authority 2.0. I tried to cover each aspect of it, like in starting I gave a little introduction about VeChain for the viewers who doesn't know about it, and helped them to understand di...

WHY VECHAIN IS A SLEEPING GIANT?

11 Aug 2021 2 minute read 0 comments Crypto Clarity

WHY VET IS A SLEEPING GIANT?    What is VET? VeChain Thor is a supplychain based token which plans to resolve the problems of authenticity and originality of products. Using blockchain to connect products with consumers, VEChain has evolved from thi...

How to trade VeChain?

5 Aug 2021 5 minute read 0 comments Michael Selge

When using decentralized technologies in business, companies often face a number of problems. VeChain developers have created a platform that, according to them, removes all barriers and allows corporate clients around the world to integrate blockcha...

Best VeChain Wallet In 2021

31 Jul 2021 2 minute read 5 comments ChangeNOW

VeChain is a blockchain platform that allows companies to track their supply chains, raise the efficiency of their logistics, and ensure high transparency in how items are transferred. Among VeChain clients, there are Walmart and BWM, and even entire...

Crypto Technology Expansion - Greyscale DeFi Fund, NFT Vaccination Pass and Dapps

29 Jul 2021 3 minute read 13 comments PVMihalache

We are approaching the end of July and many interesting things are happening in the Cryptoverse! We had the rumor that Amazon will start accepting Bitcoin, and this was the spark required by the market to surge. Even if they denied the rumor, the mar...

The Hateful Eight: TEL, CELO, HBAR, VET, DOGE, ICP, QTUM, XLM — Biggest Losers from July 2nd to July 9th

9 Jul 2021 3 minute read 0 comments pheonixdown-dee

In this article, I'll take a look at eight altcoins that decreased the most over the past seven days (July 2nd – July 9th). Note these are top losers in top 100, there are other projects that have dropped more that have smaller market caps.   This we...

San Marino’s unique vaccination passport is produced on Vechain Thor’s Blockchain

9 Jul 2021 2 minute read 9 comments Greenchic

   San Marino issuing Digital Covid Vaccination Certificate for it’s Citizens It’s always nice to read news of practical use cases of Blockchain Technology, more than just the DEFI and NFT stuff we investors so much hear about. Here is one such exam...