Traceability blockchain: The project created in 2017 was initially based on the Ethereum blockchain. As of 2018, VeChain has created its own blockchain: Vechain Thor. VeChain's ambition is based on the traceability of consumer and collectible products (raw materials, production and transportation stages, provenance, manufacturing conditions...) Their vision is to fight against the counterfeiting disaster. The technology used is a system of chips and QR codes allowing to read and verify information on products. Thus each user can follow any product guaranteeing its traceability and authenticity to allow better interactions between the real and digital world. For example, it will be possible for the consumer to check the origin of a meat, its breeding, transport, slaughter and packaging conditions. For companies, it will be possible to better know the customers who buy their products and thus to categorize them. All this process is decentralized on the Vechain Thor blockchain. This has its own platform to host decentralized applications (Dapps).

Features:

VeChain has two cryptocurrencies: VET and VTHO. The first one serves as the main asset that allows the creation of VTHO (1 VET created 0.000432 VTHO/day). The fees used on the platform are in the form of VTHO. Thus users will have the choice to either buy VTHO directly to use the platform or to store VET in order to accumulate VTHO on a daily basis.

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