VeChain Applications
VeChain stands out because it focuses on real-world business problems. The main applications are:
1. Supply chain tracking – VeChain allows for precise monitoring of the origin, transport and quality of products such as food, pharmaceuticals and clothing.
2. Product authentication – VeChain technology helps fight counterfeiting by allowing consumers to verify the authenticity of products using NFC, QR or RFID technology.
3. Data management – VeChain allows businesses to effectively manage and securely store data.
VeChain tokens
The platform uses two tokens:
• VET – used to transfer value and is the platform's main cryptocurrency.
VTHO – used to pay for transactions on the VeChain blockchain.
VeChain advantages
• Practical applications: Works with large companies such as BMW, PwC and DNV GL.
• Low transaction cost: With a dual token model, transaction fees are predictable and affordable.
• Business support: Focus on solving corporate problems gives VeChain an advantage over projects focused solely on technology.
