|Brief||VeChain is a global information transformation platform based on blockchain technology. The project was launched in 2015 in Singapore. It digitizes real people, products or events, linking the API with the application layer of the system connecting blockchain with actual information.|
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General VEN facts, technical details and general information about VeChain crypto currency
VeChain is a global information transformation platform based on blockchain technology. The project was launched in 2015 in Singapore. It digitizes real people, products or events, linking the API with the application layer of the system connecting blockchain with actual information.
Each product on the VeChain platform is assigned a unique identifier that is stored simultaneously in blockchain and placed on a product with an NFC chip, an RFID tag, or a QR code. 24/7 anyone – be it a distributor, a retail partner or a consumer – can interact with the product using one of these. The company provides a wide range of applications, including brand protection, anti-counterfeiting and food safety.
VeChain strives first of all to focus on supply chain management. Managers of the project turned their attention to the problem of counterfeit of luxury goods. According to CNN, this problem costs about $ 461 billion a year.
We list daily VeChain historical data for the past 10 days
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By the end of the week, BTC and Co continue to "lick wounds" after a devastating correction at the beginning of the week that pushed the total capitalization of the market down to $ 189 billion. The last time the market was at this point in late October 2017. As of August 17, capitalization has grown to $ 213 billion. Nevertheless, the recovery of the rates can hardly be called confident, almost all coins from the TOP-100 are in the green zone, however they are, significantly lower than the values before correction. An exception to the TOP-20 is the VeChain crypto currency, which has grown by 48% over the last 24 hours, but the community believes that this dynamics occurs within the framework of the "pump and dump" strategy.
We publish the most accurate VeChain Forecasts and News including crypto industry experts' opinion on a daily basis