What is VeChain (VEN)?
Vechain is a leading Blockchain platform for products and information. Vechain is working towards creating a business ecosystem based on Blockchain technology, which can be used in many industrial industries. Vechain utilizes Blockchain technology to find solutions to a number of issues in various industries such as imported food and tracking of these or wine industries where each bottle of wine can always be traced through the entire process from supplier to customer, thus avoiding counterfeits, but also the car industry is a option where cars will be able to create a digital profile. In this profile there will be all service, workshop visits, sight, etc. There are thus many industries where Vechain can contribute both to companies can save a lot of money, but also so consumers are better protected against different scenarios. Vechain utilizes blockchain technology to store this data and thus it is not possible to change this data, which also reduces the risk of cheating and fraud.
Vechain is several years old and is not new to the market. There is a good development and work is being done to solve real issues. So there is also a bright future for Vechain.