The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022.
Launched in 2018, VeChain is an enterprise blockchain solution designed to bring accountability, efficiency and transparency to operations. Originally a fork of the Ethereum codebase, VeChain is focused on enterprise use cases with an emphasis on the Internet of Things and supply chains for secure product lifecycle management.
Core properties of the VeChain protocol include Thor, the core blockchain used for transactions, account management and smart contract development; VeChain IDs, digital identities affixed to goods in the corporate supply chain that allow physical tracking via NFC and RFID chips as well as QR codes; proof-of-authority consensus through Know Your Customer-verified nodes chosen by the VeChain Foundation; and its two network tokens — VET, the main currency used for payments and voting, and VeThor (VTHO), a token issued daily to VET holders used to run smart contracts on the Thor blockchain.
VeChain has been actively pursuing strategic partnerships with enterprise clients, including one with a China-based subsidiary of Walmart for its blockchain-based food tracking efforts.
A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN.19016
VeChain has made a series of announcements that look to substantially grow usability and adoption of its native VET token.17232
BTC is holding a key support level, allowing altcoins like VET, THETA, RUNE and AAVE to push higher.17566
Buy the rumor? It depends how fast you pull the trigger when the news breaks. These mind-bending returns rewarded crypto traders who were fastest on the draw... Here's how you can join them.27665
Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why.11022
The latest consensus mechanism upgrade is expected to improve several aspects of the network’s security and key operations while making it even more environmentally friendly.20303
From a bird’s-eye-view, BTC is still in an uptrend and a bounce off the $62,000 support could provide the signal for LTC, LINK, VET and AXS to move higher.36947
Supply chain issues continue to make global headlines on a daily basis. Here’s three projects that are using blockchain technology to provide solutions.30836
Supply chain management platform hits blockchain milestone as major consensus upgrade nears.15662
Bitcoin’s consolidation near $50,000 reflects a steady market, and this could attract buyers to altcoins like ADA, LUNA, VET and XTZ.56771
VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data.16753
Bitcoin’s price sold off below $37,000 shortly after topping $40,500, leading analysts to caution that bears still have a few tricks up their sleeves.30034
San Marino has approved VeChain’s eNFT backed vaccination passport, dubbed the San Marino Digital Covid Certificate.12428
VeChain has partnered with top Shanghai-based Renji Hospital to launch MyBaby, a blockchain-based service that tracks IVF progress.14637