Institutional blockchain solution widely adopted by F100 corporations
Since launch, VeChain has successfully helped over 50 corporate clients in implementing Blockchain-as-a-Service.
VeChain works with leading supply chain companies including BMW, Walmart China and BNV GL to bring trust and transparency to corporate clients through public blockchain adoption.
By scanning a QR-code, consumers can see the product’s full history.
chain for food safety
passports for cars
authenticity of wines
Proof of Authority is fast. With 10 second on average block times and industry-leading confirmation algorithms, transactions can be completed on the blockchain quicker than ever. With the dynamic gaslimit on VeChainThor, the blockchain scales up to where it’s needed.
The mainnet posted a record 129 TPS over a 24-hour period, scaling its gaslimit up to 64,000,000 — 6.5 times the size of decentralized applications on public B2C networks.
Compatibility with other EVM-powered public chains makes transitioning to VeChain smooth.
Working with Deloitte’s EMEA blockchain lab, DNV GL converted the digital ISO and safety certificates of over 100,000 enterprise clients from the Ethereum blockchain to the VeChainThor mainnet, achieving average writing speeds of over 20 transactions per second in the process.
MTT — Multi-task Transactions
Pack up to 500 transactions into one simple operation, simplifying your business processes.
From the beginning, VeChain recognized the importance of governance. It created a consensus model led by 101 KYC-compliant Authority Masternodes made up of leading companies, institutions and reputable organizations.
This allows VeChain to be decentralized while maintaining the ability to rapidly implement core upgrades, ensuring it will always remain at the forefront of innovation.
This protocol allows network fees to be paid by someone other than the primary user — freeing users from the complexities of blockchain.
Around 95%–98% of transactions on the VeChainThor mainnet use VIP-191 & MPP (Multi-Party Payment), indicating DApp or enterprise usage.
Blockchain and IoT should be easy. VeChain’s suite of applications, tools and APIs make it simple to implement into existing ERPs and CRMs.
For larger needs, integration with AWS or Microsoft Azure makes managing your cloud computing a painless experience.
Interested in Exploring VeChain?
Get in touch with Cointelegraph Consulting to learn more
When Blockchain meet IoT: Ensuring Food Safety in the 2020s
Cointelegraph Consulting and VeСhain jointly published a report on how to ensure food safety in th 2020s. It describes the blockchain-based solutions solving the issues of data integrity and transparency in the food industry.