1 Level
16 Review
36 Karma
Review on VeChain by Hadu KenTiger
VEN already build a good partnership in many sector, eg. business, food/drugs…
VEN already build a good partnership in many sector, eg. business, food/drugs, logistic, agriculture, luxury goods which mean VEN attracted by many company. It has in place a disaster recovery plan for the likely event of being attacked. It is an Ethereum-based platform and token geared toward tracking massive inventories and other industrial use cases.
Pros
- Vechain uses fake distributed technology to ensure the authenticity and quality of the product purchased by the user. Can be safely recorded to all participants of the platform. VeChain provides retailers and consumers with the ability to determine the quality and authenticity of purchased products. I think that almost everyday now is a good time to buy, since the last months.. atleast will keep this great opportunity before the launch of the main net.. after that i think we will "skyrocket", something like eth did past year.
Cons
- VeChain has signed up several other global enterprise-level companies that desire similar functionality, such as Kuehne & Nagel (international sea and air freight).Though ledger-based systems are inherently effective for logistics, they are most relevant for companies coordinating the shipment of sensitive products for which chain of custody is an expensive yet necessary proposition. It is this niche that VeChain is most applicable though the idea can be applied elsewhere just as effectively
