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Review on VeChain by phuc nguyen

Revainrating 4 out of 5

VeChain is a blockchain-enabled platform that is designed to enhance supply…

VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants.



Pros
  • -2 years under their belt as a team and blockchain -Already deployed in several countries (nodes) -Active Dev team -Vechain is from the founder of Qtum -alliances with many of the worlds top corporations lockchain-enabled product management platform utilizing NFC chip, RFID tag or QR code - immense use cases
Cons
  • -Large supply could be off-putting to som -unknown founder

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