Review on VeChain by Ignacio Villegas
VeChain is an excellent chain for supply chain monitors.
VeChain is a blockchain platform where it aims to create improvements in supply chain management and business processes. Since its launch in 2015, its main objective has been to rationalize these supply chain processes and the flow of information for complex supply chains through the use of distributed accounting technology DLT. This platform has a technology where a product is assigned a unique and special ID and is configured with VeChain's trackers and intelligence and technology chip, such as an NFC chip or RFID tracker, so that the information of any of the products that are managed on the platform can be stored, collected so that they can finally be used very easily. This makes it much easier for both companies and individuals to have full monitoring of all elements throughout the supply chain as well as being able to verify the authenticity of products and combat counterfeiting. VeChain's technology is already used in areas such as cold chain logistics, luxury goods, healthcare, fashion, and other industries. The Vechain platform has two tokens: VeChain Token VET and VeChainThor Energy VTHO. The former is used to transfer value through the VeChain network, and the latter is used as energy or gas to fuel transactions.
Pros
- It is a project that maintains a great business that looks to the future.
- This platform has its own tokens such as VeChain Token and VeChainThor Energy.
- It has a large team of developers who are in charge of keeping the platform fully developed and optimized.
- Uses VeChain technology to keep track of supply chains.
Cons
- It is a very ambitious project that has many variations and may have some problems.
