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VeChain is a blockchain platform designed for business processes, enhancing supply chain management and business ecosystems through the use of distributed ledger technology (DLT). Originating in 2015, VeChain aims to leverage blockchain to streamline operations and information flow for complex supply chains. The platform uses two distinct tokens: VeChain Token (VET) for value transfer within the ecosystem and VeChainThor Energy (VTHO) for smart contract execution and transaction fee payment. VeChain’s model combines a unique governance structure, a robust economic model, and IoT integration, positioning itself as a turnkey solution for enterprises seeking to enhance supply chain transparency and efficiency.
