What makes VeChain ($VET ) unique?
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VeChain is much more specialized compared to other crypto projects. Popular cryptocurrencies like Bitcoin and Ethereum are used respectively for transactions and smart contracts. But the main goal of VeChain is to create transparency in the supply chain through the use of unique IDs and sensors.
Another innovation is the two-token system. VET is publicly available and can be used for transfers on the blockchain. $VTHO , on the other hand, is designed solely as an underlying token to enable transactions. The two tokens are separated so that VTHO can maintain a stable price.
Who uses VeChain?
The main users of VeChain are companies that wish to streamline their supply chains. It boasts numerous business partners such as Walmart, Louis Vuitton, and BMW. Each of them uses VeChain's services to better track the data generated in their business processes.
Even brands dealing with luxury goods use the platform as an anti-counterfeiting measure.
Business applications:
The opportunities for VeChain in the business world are endless. Thanks to its solid expertise and high appeal, it is expected that many more companies will soon utilize its services. Additionally, it is certain to attract new clients thanks to the partnership with PWC, a consulting firm.
