VeChain company info

What does VeChain do?
VeChain (CRYPTO:VET) is a public blockchain platform that connects blockchain technology to the real world through the use of Internet of Things (IoT) devices. VeChain was founded in 2015 by Sunny Lu, the former CIO of Louis Vuitton China. VeChain is operated by the VeChain Foundation, a non-profit organization that is responsible for the governance and development of the VeChain platform. The VeChain Thor blockchain is powered by two native tokens: VET and VTHO. VET is the primary token on the VeChain platform and is used to pay for transaction fees and to stake to generate VTHO. VTHO is a gas token that is used to pay for smart contract execution and data storage on the VeChain blockchain. VeChain is a rapidly growing ecosystem with a wide range of use cases. It is being used to track and trace goods across the supply chain, to manage digital identities, and to develop new decentralized applications.
VeChain company media
Company Snapshot

How many people does VeChain employ?

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Employees
11-50

What is the market cap for VeChain?

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Market Cap
$2.55B

Where is the head office for VeChain?

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Head Office
Shanghai, China

What year was VeChain founded?

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Year Founded
2015
What does VeChain specialise in?
/Data Provenance /Fenbushi Capital Portfolio /IoT /Logistics /Smart Contracts

What are the products and/or services of VeChain?

Overview of VeChain offerings
Data management: VeChain can be used to store and manage data securely and efficiently. This can help businesses to improve their decision-making and to operate more efficiently.
Decentralized applications: VeChain can be used to develop and deploy decentralized applications. This can help businesses to create new products and services, and it can also help to improve the efficiency and transparency of existing processes.
Identity management: VeChain can be used to create and manage digital identities. This can help businesses to reduce fraud and to improve the security of their systems.
Product authentication: VeChain can be used to authenticate products and to prevent counterfeiting. This can help businesses to protect their brands and reputations, and it can also help consumers to avoid buying counterfeit products.
Supply chain management: VeChain can be used to track the movement of goods through the supply chain, from raw materials to finished products. This can help businesses to improve their efficiency, reduce costs, and ensure the quality of their products.
Sustainability: VeChain can be used to develop and implement sustainable solutions. For example, VeChain can be used to track the carbon footprint of products and to ensure that they are produced and transported in a sustainable manner.