1 Level
7 Review
9 Karma
Review on VeChain by Robert Jene Aguda
In conclusion, there is significant demand and growth in the market since…
In conclusion, there is significant demand and growth in the market since VeChain’s USD market capitalization is 1.8 billion dollars. VeChain has been used by many business in a while now, and its platform is bound to increase due to the famous partners that they have, therefore resulting in greater demands.
Updated 5 years ago
Rating changed from 5 to 3
Over the months, VeChain has been partnering with various companies thus extending the vastness of supply, but even though they have been collaborating, their overall performance recently has gone down significantly.
Pros
- VeChain is a blockchain-based management platform that trace their products through their supply chains. It basically simplifies the mechanism of collecting, managing, and sharing the information of significant products of manufacturers, retailers, and consumers. One of its advantages is that of quality control, which aids the companies control consistent standards of the product in the supply chain.
Cons
- One of the clear disadvantages of VeChain is that it is not entirely decentralized. The proof of authority principle is dependent on 101 nodes to confirm transactions.
