1 Level
16 Review
38 Karma
Review on VeChain by comando lee
VeChain has also landed a big fish early on with PricewaterhouseCoopers, the…
VeChain has also landed a big fish early on with PricewaterhouseCoopers, the internationally renowned accounting and auditing firm. The venture is a two-way street, with PwC advising VeChain where necessary but also signing up their own clients to VeChain’s My Story DApp mentioned above. For example, PwC client DIG uses My Story to enforce fraud prevention in their Chinese liquor distribution system, so that bottle-buyers at the end of the supply chain can check to see that their alcohol is legitimate. VeChain has signed up several other global enterprise-level companies that desire similar functionality, such as Kuehne & Nagel (international sea and air freight).
Pros
- VeChain is a business-focused blockchain solution that seeks to help companies resolve their tangled logistical nightmares with the help of the transparent decentralized ledger. Though ledger-based systems are inherently effective for logistics, they are most relevant for companies coordinating the shipment of sensitive products for which chain of custody is an expensive yet necessary proposition. It is this niche that VeChain is most applicable though the idea can be applied elsewhere just as effectively.
Cons
- No problem, VeChain has made impressive strides in its few years of existence and managed to hit its milestones in a timely manner, not the least of which was mainnet release of Thor. In the fourth quarter of 2018, VeChain plans to release cross-chain and side-chain integration, which will help position the VeChainThor blockchain in the same interoperability league as more mature blockchain platforms.
