VeChain is a Blockchain ecosystem that aims to improve supply chain management by connecting Blockchain technology with the real world. One of Vechain’s strengths is sustainability, in fact the total carbon emissions per year generated by VeChain network is about 4.58 metric tons, approximately 2.4% of the carbon emission generated for mining a single Bitcoin. Vechain is even 99% greener than Cardano.
VeChain allows manufacturers to assign unique identifiers to their products on the platform, thereby enabling participants to track the movement and provenance of products in a real supply chain. VeChain aims to enable its trading partners and developers to adopt Blockchain solutions for business and create a powerful and sustainable ecosystem. The proposed solutions concern the following sectors: food safety traceability, digital carbon footprint & sustainability, automotive passport, retail, logistics, liquified natural gas, digital content distribution, electronic document deposit, agriculture.
By dealing with so many solutions, VeChain had the opportunity to forge very important partnerships:
- in automotive with BYD (China’s largest electric car manufacturer) and BMW;
- in pharmaceuticals with Bayer;
- in fashion with LVMH, french world leader in luxury products;
- in retail & food with Trusted Food, Bright Food and Walmart.
VeChain is one of my favorite Cryptocurrencies. I think it has great long-term potential and for this I also hold VET in my wallet.
A winner is a dreamer who never gives up.
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