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VeChain
VET

About VeChain

VeChain was established in 2015. Initially, it operated on the Ethereum network under the token name VEN. In 2017, the VeChain Thor mainnet was launched following a successful ICO. The platform is designed to enable businesses to develop and deploy decentralized applications, primarily focusing on supply chain management and business processes. Over time, VeChain has expanded to support various other use cases. The supply chain sector is vast and diverse, and VeChain aims to streamline complex supply chains using blockchain technology. Its system enhances efficiency, transparency, and traceability of products. Notable partners include Renault, PwC, and Microsoft. VeChain features a Proof-of-Authority (PoA) consensus mechanism, functioning as an IoT token layer that allows asset tracking on...

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