1 Level
7 Review
5 Karma
Review on VeChain by Mathew Samson
The goal of VeChain is to give businesses and consumers the opportunity to…
The goal of VeChain is to give businesses and consumers the opportunity to determine the quality and originality of the products they purchase. Designed to improve supply chain management with Blockchain technology.
Regardless of whether you purchase genuine Rolex watches or high-quality food, VeChain's potential uses are endless and anyone can change the entire industry.
Pros
- VeChain Thor has introduced a new economic model that creates predictable and stable conditions for its target customers. In addition to VET, the economic system is similar to the NEO, as there will be a new cryptanalysis called VTHO (VeThor Token). VeChain Token (VET) is used for business and financial activities, and VeChaihThor Token (VTHO) is used for payment and intelligent contract enforcement transactions.
Cons
- VeChain's biggest competitor based on market capitalization is Waltonchain. The main goal of both projects is to combine RFID chips with block-chain technology to provide a more efficient and transparent way of managing supply chains and waltonchain seems to be ahead in terms of product and roadmap implementation.
