Major companies such as Walmart China, BMW, PwC and DNV use VeChain technology.
Cristian977
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Bullish
VeChain Ecosystem Proposal
1. Supply Chain Tracking:
VeChain uses its blockchain to record detailed product information, such as origin, authenticity, and conditions during transportation.
It benefits industries such as food, fashion, medicine, and logistics.
2. Sustainability and Circular Economy:
Recently, VeChain has focused on initiatives to track and measure sustainable practices.
Example: The VeBetter DAO, which rewards actions related to sustainability.
3. Ease of Adoption:
Tools such as the VeChain ToolChain allow companies to adopt blockchain without the need for in-depth technical knowledge.
4. Use of Tokens (VET and VTHO):
The VET token is used to transfer value within the ecosystem.
The VTHO token covers transaction fees, reducing operational costs for companies.
Recent and Pending Updates
1. Renaissance Initiative (2024):
Tokenomics overhaul: reducing VTHO issuance and incentivizing validators and developers.
Pending updates: expanding use in smart contracts for new use cases.
2. VeBetter DAO expansion:
More robust governance features, such as decentralized voting.
Future updates: adding more governance tokens and dApps.
3. Enterprise Adoption:
Recent partnerships with large companies to track sustainability.
Pending: developing more robust APIs and integrations to facilitate enterprise use.
4. Updated Testnet Launch:
A new testnet with improved efficiency has been announced.
$Pending final testing and mainnet launch.
Ecosystem Impact
The VeChain ecosystem aims to transform how enterprises track, share, and use data in real time. Its value proposition is aligned with sectors such as sustainability and transparency, which positions the project as a viable solution to global challenges. $BTC $VET #HappyNewYearBinance #MundoCripto
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
