VECHAIN (VET)


VeChain is a global blockchain platform for products and information. Over the past years, VeChain has gained significant experience in providing blockchain solutions to a wide range of industries, including automotive, luxury goods, pharmaceuticals, retail and logistics. It has become a platform similar to Ethereum, running decentralised applications and smart contracts. VeChain's success to date has been largely due to the fact that it has invented and implemented solutions that can be easily used in real life. It is tradable on Binance and KuCoin. Its use in the automotive industry: car data can be uploaded to the blockchain by manufacturers, and then data such as servicing, spare parts, their origin, accident/theft records and even personal insurance data can be uploaded. This information is crucial for all parties involved, be it the insurance company, the authorities or even the sellers, as it provides credible proof of the cars' data, since the data on the chain can be changed. One of their biggest automotive partners is BMW. VeChain is useful in agriculture, allowing accurate and real-time data collection, which in turn helps farms. VeChain has established a partnership with the Chinese government for pharmaceutical use in the wake of the earlier vaccine scandal. The Chinese turned to technology and chose VeChain. Thanks to the VeChain solution, it is possible to trace the route and origin of vaccines and the shelf life of stocks. Even the patient can check all the parameters of the vaccine to be administered.

The VeChain Foundation was the first crypto company to implement a disaster recovery plan. As they operate on a not-for-profit basis, they are able to develop the project and ideas for their own contribution to the economy as a whole, providing a transparent and consistent method. PwC helped to develop the first accredited cryptocurrency disaster recovery plan.