Review on VeThor Token by francis fernandez
Vethor Token: a useful verification tool for supply chains
In the fight against piracy; technology represents a great tool to minimize the many ways in which the guarantee or veracity of a good or service can be violated.
In this sense, blockchain technology has been very helpful, contributing to the creation of decentralized applications that are part of the solution to the problems of product counterfeiting. Such is the case with Vethor Token.
Vethor Token is a platform whose purpose is to guarantee the veracity of the products of the supply companies; using blockchain technology as a tool.
Technology:
To fulfill its mission of safeguarding the authenticity of goods, the Vethor Token ecosystem combines blockchain security with other important protocols such as: QR code systems, NFC chips, and the RFID mechanism. This technological infrastructure allows to validate the real information of the products in the distribution chain to guarantee that they are free from counterfeiting.
Vethor Token allows you to access the entire history of an item by simply scanning it in real time.
Token:
Vethor Token is part of the Vechain ecosystem; which uses a double token mechanism known as: Vechain Token (VET) and Vethor Token (THOR).
The main utility of the THOR token is to execute smart contracts on the chain and monetize asset exchange transactions; it is also used as a guarantor of rewards in the network.
For supply chains and for consumer peace of mind; This platform is a valuable instrument that guarantees companies their legal procedure and that consumers are purchasing authentic or original products.
Pros
- Used to track the history of a product
- It allows detecting counterfeits in products
- Works without intermediaries
Cons
- It is not linked to a stable asset
