Review on VeChain by gregori cordova
one of the most original and revolutionary projects in the global conmerce industry
Vechain is one of those revolutionary projects with high decentralization in the crypto market, which are dedicated to a specific area and which have quickly achieved very high acceptance levels. This project seeks to offer the different companies total control of the products and services, at the same time that they offer management in their production lines, which allows them to know exactly, all the product data since they leave their supply chain , until it reaches the end users, increasing security levels in industries that annually have million-dollar losses due to the manipulation of their products. To achieve this, vechain offers 3 of the most powerful technologies that can be found in the market: Blockchain, radio frequency identification and integration with the popular Internet of Things (IOT), improving the flow of data and information transmission, achieving this way that both buyers and sellers can check the authenticity and quality of the products purchased.
The vechain platform offers 2 tokens: the Vet token is used for smart contracts and decentralized applications and the Vtho (tor) token is used to pay commissions on its blockchain, something similar to ethereum gas. This platform runs under nodes that are responsible for processing transactions and have various levels of compensation depending on their reputation or contribution levels.
This project is totally focused on the international business environment and not on common users as most cryptocurrencies do and it makes it easier for these companies to keep their operations safe and efficient from the first moment in the production chain. It represents one of the most original projects that have managed to change the way in which global trade is managed, taking advantage of the potential of modern technologies such as blockchain.
Pros
- One of the most original projects aimed at promoting industries on a global scale
- They integrate 3 of the most innovative technologies of the last years to offer a service of the highest quality
- They have succeeded in partnering with world-class companies such as BMW, GL and the University of Oxford
- Offers an ideal platform for dapps development
- They have a high volume of daily trading on different exchanges such as Binance
- Vet tokens can be stored in any wallet that allows Erc20 tokens
- By having the Vet tokens in their wallets, their owners obtain the tor token as a reward daily, with which companies can monitor their products.
Cons
- You cannot buy vet with fiat currency, since you should first acquire some other cryptocurrency, such as bitcoin or eth and then exchange it for vechain
