Review on VeChain by Eve Vallenilla

For companies that are dedicated to the supply of products, having a mechanism for verification and control of each and every one of the facets involved in the process from production to the final delivery of the product is vital.

This is one of the reasons why, taking the virtues offered by blockchain technology, Vechain provides an intelligent and comprehensive solution that seeks to minimize the inconveniences in the management carried out by companies dedicated to supply and maximize the control and verification of data. and procedures involved.

What other contributions does Vechain offer to supply networks?

Another advantage that Vechain provides is to ensure the quality and originality of the supplied product.

Vechain allows users to establish control procedures from the place of production of the article, to cover its trajectory and make a historical record of its evolution and total journey, allowing the data to be permanently established in the global distributed ledger.

Thanks to the use of blockchain technology, Vechain incorporates an intelligent device to the product (chip) that guarantees its tracking and the storage of all the history of the product, unalterable.

What additional utility does this Vechain smart chip offer?

Thanks to the use of smart chip, time is saved in searching for data in the chain and the information of the article can be obtained by simply scanning this smart tag incorporated into it.

In this way, not only are the accounting records kept up to date, but manual processes that generate loss of time are systematized and the hiring of additional labor is reduced, which also reduces the costs of production and supply of products.

Vechain has also grown in other aspects, thereby incorporating the additional THOR token into the native VET token. The first serves as fuel for the network and the second serves as a payment currency for the services and applications offered by the Vechain platform.