This Etheruem-based enterprise solution coin offers utility as a supply-chain management technology. But having attained a top 20 market cap ranking, it’s accepted as payment by businesses, from a Canadian clothing boutique to a European Personal Protective Equipment vendor.
Who Accepts VET
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Should you buy VET?
VeChain Foundation aims to disrupt supply-chain management with smart contracts, to make it easier for companies to manufacturer things from raw materials and get them in your hot hands. Supply chains have long been discussed as a real-world use case for blockchain technology, and this is what VeChain will do. They’ve already partnered with PriceWaterhouseCoopers and their blockchain is in use by corporate firms, Walmart is using a VeChain-powered food safety platform in China. If you like to invest in things that connect with real-world commerce, this is it…
In my humble opinion, VeChain screwed up with their branding, they should have called themselves GreenChain, because they are positioned to bring the blockchain to the new zero-carbon economy. You might call this a CCP coin, as it’s backed and supported by the Chinese Communist Party that rules over a billion souls with an iron fist. China obviously has a vested interest in the global manufacturing economy and they are securing their global dominance with this technology. Is that really something you want to invest in?
VeChain believes that blockchain technology is one of the foundations for the next generation of information technology, alongside emerging technologies such as AR, VR, AI, IoT, 5G and more. With the technology’s immutable and tamper-proof characteristics, blockchain, as an infrastructural technology, is uniquely positioned to enable unprecedented value and data-transfer among a wide set of users in a trust-less manner, boosting the efficiency and authenticity of information transfer itself.
VeChain’s vision of lowering the barrier and enabling established business with blockchain technology to create value and solve real world economic problems has been clear to us from the very beginning.
The World’s Leading Blockchain Application Platform Driven by Enterprise Adoption Professional Global Team Founded in 2015, VeChain is one of the earliest blockchain technology companies in the world, with offices in China, Europe, US, Singapore, and Japan.