The VeChain platform is a blockchain-based governance platform. By linking the API to the application layer of the system, it digitizes real people, products, or events. The project focuses on supply chain management and combating the counterfeiting of luxury goods by recording components in a tamper-proof distributed ledger.

VeChain is based on smart contracts focused on real production operations. Thus, VeChain is creating a completely new and fair business model that provides reliable services to all customers and companies.

Website https://www.vechain.org

VeChain is a blockchain platform designed to enhance transparency and traceability in supply chain management and business processes. Launched in 2015, VeChain utilizes blockchain technology to create a tamper-proof and distributed ledger that records and verifies various transactions. Unlike traditional blockchains, VeChain incorporates a dual-token system. The first token, VET, serves as a store of value and is used for transactions, while the second token, VTHO, is generated as a reward for holding VET and facilitates smart contract execution.

One of VeChain's primary focuses is on supply chain management, where it enables businesses to track and authenticate the origin, production, and distribution of products. This helps in preventing fraud, ensuring product quality, and improving overall efficiency. The platform also supports the development of decentralized applications (dApps) and smart contracts, expanding its use cases beyond supply chain.

VeChain has gained recognition for its partnerships with various industries, including luxury goods, agriculture, and logistics. Its commitment to combining blockchain technology with real-world applications has positioned it as a notable player in the blockchain space, providing solutions for businesses looking to enhance transparency and trust throughout their operations.