1 Level
9 Review
5 Karma
Review on VeChain by Wagner Looov
The goal of VeChain is to develop a decentralized business ecosystem thatβ¦
The goal of VeChain is to develop a decentralized business ecosystem that builds trust and transparency across the borders and across the enterprise to safely address the flow of information privately.
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VeChain leverages Blockchain to address counterfeiting and product traceability across supply chain and logistics,
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Pros
- You can be earning passively by just holding Vet token with Thor power. THOR power is used to pay transaction costs when the main net starts up. If you have VET in your wallet, you can make it manually. The ability to produce THOR is a powerful incentive to maintain VeChain for organizations seeking to control operational costs and for individual investors looking for "dividend" benefits
Cons
- The method of how Vechain works is unclear because VeChain did not release there white paper. This obscures the public about how the blockchain is actually used. There are many problems in creating a block-chain-based supply chain that needs to be discussed and reviewed by the public.
