VeChain

VeChain is a blockchain-as-a-service platform that aims to enhance supply chain management and business processes. It was founded in 2015 and launched its mainnet in 2018. The platform utilizes a dual-token model, consisting of VeChain Token (VET) and VeChainThor Utility Token (VTHO). VET is used for transferring value and staking, while VTHO is consumed as the gas fee for smart contract transactions on the network.

The core technology of VeChain is its public blockchain, designed to provide transparency, traceability, and efficiency for businesses. It addresses issues such as counterfeiting, product recalls, and data integrity by creating an immutable record of a product's lifecycle. VeChain's solutions are applied across various industries, including luxury goods, food and beverage, automotive, and healthcare.

A key feature of VeChain is its focus on enterprise adoption. The platform offers tools and services that allow businesses to integrate blockchain technology into their existing operations without requiring deep technical expertise. This includes features like VeChain ToolChain, a BaaS platform that simplifies the development and deployment of blockchain solutions. VeChain's consensus mechanism is a Proof-of-Authority (PoA) model, which aims to provide a balance between decentralization and performance for business applications. The ecosystem is governed by a set of rules and protocols that ensure the security and stability of the network.