Review on VeChain by Demi Fayza
All in all, VeChain is looking good. The partnerships it has with Groupe…
All in all, VeChain is looking good. The partnerships it has with Groupe Renault and BMW (automobile manufacturers) and DNV GL – a risk management and global assurance company – will be gaining more traction as the mainnet becomes more operational. Look for VeChain to continue the tradition of being the only top coin that managed to stay green in the year of 2018.
Pros
- VeChain Identity technology is what makes it so easy to scan, onboard and track items on the ledger. When a new product is scanned, it’s given a VID that corresponds to a unique and encrypted SHA256 hash, which can then be written into the product’s RFID code, for example. VID also supports matching with NFC (Near-Field Communication) devices, other IoT devices, and also common scan technology like simple barcodes or QR codes. This makes it possible for each item to have a unique ID that cannot be tampered with, and to track what happens to any single item no matter where it’s been or how far it’s traveled.
Cons
- The VeChain mobile wallet have some issue they should improved there mobile wallet.
