VeChain

VeChain

Location
Founding Date
2017

VeChain is an enterprise-focused blockchain platform designed to enhance supply chain transparency, sustainability initiatives, and real-world business integration through traceability solutions and IoT-enabled data tracking. Built to support large-scale commercial use, VeChain leverages smart contract technology to provide companies with a secure, transparent, and tamper-resistant way to track products and data throughout their entire lifecycle, from production and logistics to final consumption. The VeChain ecosystem operates on a dual-token economic model that separates value transfer from transaction costs. VeChain Token (VET) serves as the primary utility token used for value transfer, staking, governance participation, and securing the network, while VeThor Token (VTHO) functions as the gas token that pays for transaction fees and smart contract execution on the VeChainThor blockchain. Combined with its Proof of Authority (PoA) consensus mechanism, low energy consumption, and deep IoT integration, VeChain offers a scalable, cost-efficient, and sustainable blockchain infrastructure.

ABOUT VECHAIN

  • VeChain is a blockchain ecosystem and enterprise-grade Layer 1 smart contract platform designed to accelerate real-world adoption of distributed ledger technology.

  • Its native blockchain, VeChainThor, is purpose-built for enterprise use, with an emphasis on predictable low fees, high transaction throughput, strong security, and long-term sustainability.

  • Powered by its Proof of Authority (PoA) consensus mechanism, VeChain delivers fast finality and low energy consumption while maintaining network reliability.

  • Combined with deep IoT integration and real-world data verification capabilities, VeChain provides a scalable and cost-efficient blockchain infrastructure for businesses.

  • These features position VeChain as a practical solution for enterprises seeking to use blockchain technology for applications such as supply chain transparency, sustainability reporting, product authentication, and trusted data verification.


VECHAIN PRODUCTS & ECOSYSTEM TOOLS

  • VeWorld – VeWorld is VeChain’s official wallet and super app, allowing users to securely manage VET, interact with decentralized applications, and access the broader VeChain ecosystem.

  • VeBetter – VeBetter is a community-driven application ecosystem that rewards users for real-world impact and enables token holders to participate in governance decisions through voting.

  • StarGate – StarGate is VeChain’s next-generation staking platform, designed to enhance network participation by allowing users to stake VET and contribute to the security and decentralization of the VeChainThor blockchain.

  • MaaS (Market as a Service) – MaaS is a ready-to-use marketplace solution that enables brands and creators to launch digital collectibles, increase user engagement, and grow on-chain communities.

  • Vorj – Vorj is a no-code development platform that allows businesses and developers to integrate the VeChainThor blockchain into existing technology stacks without requiring blockchain expertise.

  • PoP (Proof of Participation) – PoP is a digital verification tool that uses blockchain-based proof of attendance to validate, record, and celebrate participation in events and activities.