VeChainThor (VET) is a versatile enterprise-grade L1 smart contract platform whose origins began in 2015. VeChain is known as a pioneer of real-world enterprise applications, and built a distributed platform powered by Internet of Things (IoT) technologies, NFC chips and blockchain to help various industries solve data-related challenges.

VeChain was founded in 2015 by Sunny Lu and Peter Zhou. The company began as a spin-off from Louis Vuitton, focusing on improving supply chain transparency and efficiency using blockchain technology.

VeChain solves major blockchain adoption hurdles and is designed for mass adoption and supports asynchronous transactions. The platform uses an intelligent two token model, VET and VTHO, separating the protocol's Store of Value and gas fee payment mechanisms, ensuring costs can be kept low and stable. Fee delegation allows smart contracts to pay gas fees on behalf of business users, and an advanced transaction model allows data to be packaged more efficiently while ensuring finality of data.

From supply chains to sustainability, VeChain has continuously demonstrated its leading role as a driver of blockchain in business, and is dedicated to its role as a pioneer of driving real world adoption of blockchain technology.

VeChain IDs are a crucial component of the VeChain blockchain. A unique identifier is assigned to a product. Sensors are used to track each step of a supply-chain. As a result, a safe environment is formed for all parties, and movement data is documented and verified.

The general idea of ​​VeChain is to grant a way to determine authenticity and quality of real products, as well as to prevent fraud. The platform seeks to provide stakeholders with comprehensive information about products and business processes, thereby increasing market transparency and making international trade more fair and efficient. The list of VeChain clients already includes many large corporations like BMW, Renault, PWC, LVMH, and Walmart.

VeChain collaborates with BYD, the largest electric vehicle manufacturer in China, to integrate blockchain solutions that enhance traceability and transparency in their products. Additionally, VeChain aligns with national strategies like "Made in China 2025," focusing on innovation and sustainable manufacturing.

ISO Certification
Yes, VeChain has recently achieved ISO 20022 compliance. This means they align with the global standard for financial communication, enabling them to collaborate with traditional banks and financial markets. This opens opportunities for partnerships with central banks and improves cross-border transactions and trade.

VeBetter
VeChain is focused on delivering a wave of incentive-based sustainability dApps through its new platform, VeBetterDAO, working closely with Boston Consulting Group to achieve adoption across enterprise and individual users, and helping onboard the next billion users to Web3 over the coming decade.

At this moment there is an ecosystem running on Vechain to rewards users for completing actions that have a positive impact in our world: VeBetter.
Check the VeBetter airdrop page to check the guide how to earn B3TR token rewards.

Where to buy VeChain?
You can buy VeChain almost on every exchange. See our Exchanges page to buy VeChain.

Chain:	VeChainThor Network
UCID:	3077