Review on VeChain by Özgün A
VeChain strengthens the competition
It is a unique blockchain-based project designed as a solution to the world's industrial problems.
Its purpose was to eliminate supply chain problems.
It was trying to prevent digital corruption on the products by adding a sensor similar to an RFID tag on the products. The data from the sensors are stored on the blockchain and the movement of each bottle is monitored throughout the distribution process. So it provides unique advantages to business owners.
Many large companies that found this system suitable have partnered with VeChain. Among them are in Renault.
VeChain has a really bright future. Because although it is a crypto currency, it is integrated into technology. In other words, multinational companies will be able to adapt to VeChain technology without difficulty. This is really a great convenience. But many analysts say the price of VeChain will fall.
In my opinion, there are many situations that can help VeChain develop. If it can successfully realize the road map, it can be a very good investment.
Pros
- Have strong partnerships
- Can be used in many areas
- VeChain team is very experienced
Cons
- Very low price
- Its strength to compete is not clear
