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Review on VeChain by Sam Solo

Revainrating 4 out of 5

By installing smart sensors on the transportation vehicle, key information…

By installing smart sensors on the transportation vehicle, key information such as temperature, humidity even steadiness during the cold-chain logistics can be collected and recorded on the blockchain in real-time. VeChain's developers have decided to create a platform where information can be stored in distributed, high-speed and transparent platforms.

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Pros
  • VeChain provides retailers and consumers with the ability to determine the quality and authenticity of purchased products. With reference to the experience of corporate governance structure, the foundation will set up functional Committees, including the strategic decision-making Committee, the technical audit Committee, the remuneration and Nomination Committee and the public relations Committee.
Cons
  • Support from the Chinese authorities. The network consisting of 111 knots and working in 5 countries of the world

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