Review on VeChain by Sunny Lee

Name: VeChain
Item: VeChain
Rating: 5

September 16, 2018

VeChain is a block-chain-based intelligent contract platform focused on…

VeChain is a block-chain-based intelligent contract platform focused on inventory issues and business applications related to tracking more extensively.
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An Ethereum-based platform and token designed to track large-scale inventory and other industrial use cases. This is technically different from the centralized top-down development process and open-contribution models that other Crypto Calls prefer.
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Pros

governance model is based on a consensus used in the platform called proof-of-authority(PoA) PoA can be referred to as a "fusion" block chain. It combines centralization and advancement of technology in the old generation. It also removes many of the stubbornness of the government, based solely on the identity of the validator, not the consensus of the network. The approved node validates all transactions.

Cons

In the chaos created by any new technological revolution, the question of whether something will “work” or “get funded” or “have utility” long-term loses importance for a period.