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.


11 May 2021 (TUE)- Polkadot (DOT) Daily Risk Report

11 May 2021 5 minute read 0 comments quantdoge

Investment Disclaimer: I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only. Past performance presented here is not an indicator of future per...

VET Technical Analysis - May 5

5 May 2021 2 minute read 2 comments LeaderIcarus

VeChain(VET) Technical Analysis Strong Partnerships and a successful strong team suggest a successful strong asset. In a Glance Current at $0.206 Correction triangle pattern Small divergence MACD signals the initiation of a possible bullish move Cru...

4 May 2021 (TUE)- VeChain (VET) Daily Risk Report

5 May 2021 5 minute read 2 comments quantdoge

Investment Disclaimer: I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only. Past performance presented here is not an indicator of future per...

Possible Coinbase Listing For VeChain

4 May 2021 1 minute read 4 comments altcoinalien

Founded in 2015 and launched in 2016, VeChain is definitely not a new kid on the blockchain. A logistics and supply chain enterprise solution, it has one of the strongest use case repertoires in the current IOT system. Its dual-token model of VeChain...

VeChain (VET) --- The future of supply chain

1 May 2021 1 minute read 2 comments undergroundcapitalist

If you've heard of VET or VeChain before then this ARTICLE is a must for you to read   VE-Chain first begun in 2015 by the former CIO of LVMH China and was initially launched in 2016. The aim was to bring transparency by using IoT technology through...

29 April 2021 (THU)- Vechain (VET) Daily Risk Report

29 Apr 2021 5 minute read 0 comments quantdoge

Investment Disclaimer: I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only. Past performance presented here is not an indicator of future per...

Why I took my Doge to the VET

24 Apr 2021 3 minute read 2 comments TheBronxCrypto

..Continued from Blog (Why I took my Doge to the VET) A chat that was quite addictive of many owners of this Doge Coin. The Chat was is if the seeds of Wall Street/Freshman Year of College/Reddit were modified in a lab to create a form of Cannabis fu...

The Magnificent Seven: SOL, NANO, DGB, MKR, CAKE, VET, CELO — Biggest Gainers from April 16th to April 23rd

23 Apr 2021 2 minute read 1 comment pheonixdown-dee

In this article, I will take a look at the seven altcoins that increased the most over the past seven days (April 16th – April 23rd). Note these are top gainers in top 100, there are other projects that have gained more that have smaller market caps....

VeChain completed bullish BAT for upto 38% rally

23 Apr 2021 1 minute read 0 comments moon333

Hi friends, hope you are well and welcome to the new update on VeChain (VET) coin. https://www.tradingview.com/chart/VETUSDT/oMWIV4RD-VeChain-completed-bullish-BAT-for-upto-38-rally/    On the 6-hour chart, the price action of the VET has completed...

Do you own GROWING or JOKING coins? What are the most resilient cryptos?

21 Apr 2021 1 minute read 0 comments Cryptofab

There are so many coins currently that the market is fuzzy. Most of the projects look interesting at the first sight. But we all know it needs to consolidate, and some of the coins will disappear in the future. Therefore, it is crucial to focus on th...