Vechain (veterinarian) is an intelligent L1 quality contract platform for a company known for its versatility and innovative solutions. Originally as a private consortium chain in 2015, Vechain went to a public blockchain in 2017 with the ERC-20 token Fri, finally launched his own Mainnet in 2018 under the Ticker veterinarian. The platform uses distributed governance technologies and Internet of objects (IoT) to meet data challenges in various industries, including medical, energy, food and drinks, durability and SDD objectives.
By facilitating data sharing without confidence between several participants, Vechain aims to serve as a digital skeleton for the fourth industrial revolution. It works using two tokens, veterinarians and VTHO, who manage the creation of value on the public blockchain of Vechainthor. Thanks to improved efficiency, traceability and transparency, Vechain has demonstrated its ability to revolutionize data management and supply chain processes, especially in initiatives targeting UN OND such as those in San Marino.
How does Vechain work?
Vechain operates on the Vechainthor blockchain, employing a mechanism for proof of proof of authority. He uses two tokens, veterinarians and VTHO, with the veterinarian serving as native cryptocurrency and VTHO used for transaction costs.
Integrated into IoT, Vechain devices allows the monitoring and tracing of real world data, improving transparency and the verification of authenticity in supply chains. Intelligent contracts automatize transactions, while distributed governance involves stakeholders in the decision -making of the network.
This combination facilitates effective data management, transparent and secure in all industries.
About the Vechain Foundation
