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VeChain (VET) pioneers supply chain transparency with blockchain technology
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The dual-token system (VET and VTHO) enhances transparency and efficiency
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VeChain’s future growth depends on the real-world impact and strategic partnerships
VeChain, generally abbreviated as VET, began as a private consortium chain in 2015. It started working with a host of enterprises to explore the application of blockchain in supply chain management and the food industry. VeChain began its transition to the public blockchain in 2017 with the ERC-20 token VEN, before launching its own mainnet in 2018 using the ticker VET.
VET aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem. This is aimed at solving major data hurdles for multiple global industries, from medical to energy, food and beverage to sustainability, and SDG goals. VeChain is supporting the fourth industrial revolution, which demands real-time
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