vechain logo download PNG or SVG

Information about vechain

VeChain is a cryptocurrency and blockchain platform that aims to improve supply chain management and business processes. It uses blockchain technology to provide transparency and traceability in various industries, including luxury goods, agriculture, and pharmaceuticals.

VeChain utilizes a two-token system consisting of VeChain Token (VET) and VeThor Token (VTHO). VET tokens are used for transactions and holding VET generates VTHO tokens, which are used to power smart contracts and applications on the VeChainThor blockchain.

The platform allows businesses to track and verify the authenticity of products throughout the supply chain. This enhances consumer confidence and helps combat counterfeiting. By leveraging blockchain technology, VeChain also aims to streamline inventory management, reduce costs, and improve overall efficiency for businesses.

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