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Review on VeChain by Brad Morrison
VE chain is the current leader in block chain monitoring of supply chains…
VE chain is the current leader in block chain monitoring of supply chains. They have a bright future given their current trajectory. I would caution that their market cap is already quite high. With other competitors in large-scale supply chains as well as other ico's that have emerged in niche supply chain tracking, I'm not sure if there is room to grow from a market cap perspective. Overall, this is likely not a 5X token but more of a 2X token over the next year.
Pros
- VE chain is solving a real world problem with regard to fake/counterfeit materials and merchandise in supply chains. This is a particularly prevalent problem in Asian markets. They already have a tamper-proof RFID chip label/seal to track products from production to final customer delivery. The block-chain ensures immutability of the records. In addition, supply chain markets are in the $trillions/year.
Cons
- The company's website is in Mandarin which is not the language of international business. The team is unknown but clearly is making great advances and partnerships in Asia.
