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.


3 Altcoins To Keep Tabs On — DOGE, NEO, VET | KuCoin Weekly Review Issue #17

19 Apr 2021 3 minute read 5 comments KuCoin Blog

Bitcoin has been up and down this week. It started by reaching yet another all time high of $64,840 on Wednesday before stumbling down to $49,001 by the end of the week. The same can be seen with Ethereum, with an all time high of $2,546 earlier in t...

The Five Biggest Altcoin Gainers – April 12th to 19th

19 Apr 2021 1 minute read 2 comments pheonixdown-dee

Please note, that these are projects in the top 100 marketcaps, there are others who have smaller marketcaps that also grew in value. During the week of April 12th to April 19th, these were the biggest altcoin gainers:   Dogecoin (DOGE) – 408.08% Ne...

VeChain - An Inside Look

18 Apr 2021 4 minute read 4 comments Gongo

VeChain... the public blockchain that derives its value from activities created by members within the ecosystem solving real world economic problems.    Have you heard of it yet?  VeChain was recently mentioned in the Forbes Blockchain 50 event by A...

Buy, Sell or HODL: DOGE, VET, THETA - Technical Analysis

17 Apr 2021 1 minute read 0 comments busyjordy

CRYPTO CORNER EPISODE 205 Market Analysis, Updates, News & Reviews   In today's episode:►Market Overview►Giveaway Announcement►Opolo Wallet 47% Discount Kickstarter Campaign ►DOGE Coin TA►VET TA► MANA TA► Theta TA Links from this episode: 📄Get the C...

Hot Digest: V Is For VeChain

13 Apr 2021 8 minute read 1 comment CoinJoy

VeChain is a decentralized supply chain management platform created to provide increased insight and tracking of product supply chains. Following its fast development and numerous collaborations with the different companies in 2020, the VeChain Found...

What Is VeChain? VeChain History. What Is VET Coin? VeChain Prediction And How To Buy VeChain

12 Apr 2021 3 minute read 3 comments StealthEX

VeChain is a decentralized platform based on blockchain technology. It allows real things to be represented digitally. For example, any information about people or goods is digitized and entered into a blockchain. The developers plan that in the futu...

Long time

10 Apr 2021 1 minute read 1 comment Myten

Hello   I have'nt posted in a while now. A lot have happened!   Cardano have been rising like a star and I hope many have earned a few dollars on the way and hopefully by reading my post.    If you guys are curious about my latest project, take a loo...

VeChain and SalesForce team up... Blockchain as a service entering large cap stock sector

10 Apr 2021 6 minute read 1 comment NOVAX

              The buzz is that industry leading cloud CRM provider, SalesForce, has successfully tested some aspect of VeChain (VET). What does this mean? In my view, the general implications of this news may be more important than any of the specifi...

NEXT BIG CRYPTO | Top 10 coins with the BIGGEST supply | BTT DOGE TRX VET XRP ADA CRO

3 Apr 2021 1 minute read 2 comments Pk24

TOP PROJECTS WITH THE BIGGEST SUPPLY COINS IN TOP 100   1. BTT 989,948,781,381 2. DOGE 128,619,370,524 3. REV 85,061,485,690 4. TRX 71,659,657,369 (MAX 100b) 5. VET 64,315,576,989 (MAX 86b) 6. SC 47,091,652,992 7. XRP 45,404,028,640 (MAX 100b) 8. USD...

How pharma industry is struggling counterfeit vaccines

30 Mar 2021 3 minute read 0 comments OvermindSB

Blockchain against COVID-19 Vaccine counterfeits Pharmaceutical companies (e.g. Astra Zeneca, Pfizer, Moderna, Johnson&Johnson) have initiated the vaccine supply and price battle. Beside of that the urgent need for vaccines give raise to criminal act...