Review on VeChain by Sauhan Silva
VeChain
VeChain is a blockchain-based smart contract platform which mainly focuses on business
applications related to supply chain management including quality control, inventory, and tracking. However, this success in partnership development had almost no
effect on the token price, which followed the rest of the market,
continuing its drift to new lows. The market downtrend reflected the
overall low adoption in the blockchain space, and VeChain was not
an exception.
Pros
- VeChain has many working dApps on its platforms which work on the permissioned Blockchain
- Once the THOR mainnet is launched, all of VeChain’s partners will migrate to the THOR dual coin system
Cons
- Unlike other cryptocurrencies, VeChain is not completely decentralized as it takes a sem-centralised approach.
