Review on VeChain by Syzmon Nowak

VeChain is a blockchain network that promises to improve supply chain transparency, quality, and speed. The goal is to build a trustless and open business architecture network that facilitates open knowledge exchange, successful collaborations, and quick value transfers.

VeChain is governed by a Proof of Authority (PoA) method, which requires peers to be validated before participating in a blockchain consensus. When a node is authorized, it joins a pool of several other sanctioned nodes, all of which have a reasonable chance of publishing new blocks and earning rewards.

The PoA architecture also makes the best use of bandwidth, resulting in improved network performance.