Review on VeChain by Mehdi hazni
VeChain
VeChain is a blockchain service company with a mission to create an "trusted and distributed business ecosystem" to provide transparent information, efficient and effective collaboration, and high-speed value transfer.
To track goods from production to consumption, vechain uses a combination of blockchain technology and its own smart chip.
This smart chip can run on various Internet of Things (IoT) technologies such as NFC chips, RFID trackers, or QR codes.
In addition to preventing fraud, vechain also improves logistics systems by simplifying product tracking. Product management is complex and often involves several separate systems that vary from business to business. For this reason, tracking products in the supply chain can be very troublesome.
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Pros
- good blockchain-based solution suitable for business needs
- With the help of IoT, it helps to control quality
Cons
- In my research, I did not find any negative points about this project
