What does it do?
According to their website VeChain rather vaguely describe themselves as;
“The World’s Leading Blockchain Application Platform Driven by Enterprise Adoption”
More precisely VeChain primarily tries to improve operational logistics via supply chain management that improves aspects such as tracking, quality control, and inventory management.
Where does VET come into it?
VeChain utilises 2 tokens, VET and VTHO. VET is used to transfer value across the network, while VTHO is used to pay network fees, acting as ‘gas’.
VET is used any time transactions, or decentralised applications utilise the VeChain blockchain.
VeChain has numberous partners, largely within the Asian market place. Most notable include:
- Price Waterhouse Cooper
- Walmart China
- DNV GL
- National Research Consulting Center
- China National Level partnership
At the time of writing VET is ranked 30th by market cap with a market cap of $720m.
Where can I buy it?
The highest volume exchanges are:
Other exchanges include:
- Huobi Global
Where can I learn more or join the VET community?