Convert 10 VET to VND today

VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flows for complex supply chains through “distributed ledger” technology. The Vechain platform has VeChain Token (VET) and VeChainThor Energy (VTHO) tokens. VET is used to transfer value across VeChain’sVeChain’s network.

Precisely, the platform can track the quality, authenticity, storage temperature, means of transport, and final distribution of a product right from the manufacturing facility to deliver the last row to the end customer.

VeChain initially issued tokens (VEN) on Ethereum before releasing its platform in 2018. With this new platform, it was renamed VeChainThor (VET). VET is the payment used in VeChain’s system. The more VET an individual or business holds, the higher the priority when using the blockchain’s resources.

VET can also create a second token, called VeThor, or Thor Power (VTHO), to access supply chain technology. So, a company that wants to use VeChain’sVeChain’s tracking feature for their supply chain has to pay VTHO to add the information to the blockchain.