The VeChain coin launched back in 2015, This currency is also part of an actual product that customers are using right now. In the cryptocurrency space compared to other currency.
The company behind this coin is a Blockchain-as-a-Service (BaaS) firm focused on the Internet of Things (IoT). But, unlike IOTA (MIOTA), which is centered on machine-to-machine (m2m) transactions, VeChain (VEN) all about authenticity within supply chains.
The idea is that, by using blockchain technology, the authenticity of goods that are purchased can be verified. It’s a system that aims to ensure product quality, but in a decentralized, global network that cuts across industries. Using smart chips, products are tracked throughout their lifecycles.
Partnered with following already and list is growing
- Babyghost
- BitOcean
- China Unicorn
- Directed Imported Goods
- DNV GL
- Healthcare Co Ltd
- Hyperledger
- Jiangsu Printed Electronics Co Ltd
- Kuehne & Nagel
- MadeForGoods
- Microsoft
- PwC
- Renault
- Xiamen Innov Information Technology Co Ltd
Its providing solutions in areas of
- Agriculture
- Auto
- Retail
- Luxury Goods
- Logistics
- Liquor
Given the stability and real world use VEN is going to be good hold.
*content taken from theusacommerce.com and ven official website
