1 Level
6 Review
11 Karma
Review on VeChain by Minh Tien
The future that Vechain is aiming for will be the same as the NFC technologyβ¦
The future that Vechain is aiming for will be the same as the NFC technology of smartphones used to trace the origin of any product in a store or showroom, including where the product was made by whom, when, where, and how to transport to the store or showroom you are looking at.
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Pros
- By installing smart sensors on the transportation vehicle, key information such as temperature, humidity even steadiness during the cold-chain logistics can be collected and recorded on the blockchain in real-time. The data would be encrypted and immutable. Brands and consumers can easily check and trace the transportation condition, and it would make the brands more credible and significantly lower the operation cost from the perspective of the third-party logistics provider.
Cons
- Are they going to keep it closed source forever?
