Header banner
Revain logoHome Page
Lenon Cabrera photo
1 Level
22 Review
20 Karma

Review on VeChain by Lenon Cabrera

Revainrating 5 out of 5

It is a solid project with good bases to be able to move forward. It must be…

It is a solid project with good bases to be able to move forward. It must be totally decentralized and face its initiatives strongly so that its powers can not take so much ground, its market capitalization is good but its daily volume is affecting the price considerably. There is work to be done.



Pros
  • Vechain is a well structured project, which offers the block chain as a service for companies for products and information. This project aims to create a distributed and trusted commercial ecosystem which is scalable. One of its most special characteristics is that it allows access to transparency and symmetric information, reduces the problems of trust between the corporations since through the blockchain they can obtain all the information without being modified or manipulated. It is based on the blockchain of Ethereum and to be able to make the most of the currency, the one who acquires it can obtain products and services through it. It is a currency that offers solutions in many fields of industry, these are the automotive for example that through intelligent contracts has an immutable digital profile recording information within it working in conjunction with a well-known company such as Renault, is also in the Liquor Industry, creating a monitoring and authentication platform for wine bottles, also selling at least, the agricultural industry. In this sense, the project has a lot of scope and is very robust to have the success it is currently having. The creator of the "Sunny Lu" project has a long career that gives him experience to continue leading VET to success. It is quoted in markets with a lot of volume and its networks move well.
Cons
  • It has presented a considerable drop in its current prices, it has competences in the same branch that they perform, they also offer very good solutions, which could cause their mass adoption to be a bit difficult, taking into account the other existing projects in the same business branch. Adional is not completely decentralized, a particularity that makes the blockchain attractive without doubts.

Similar reviews