1. Programme Name
2. Project Introduction
VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model and advanced IoT integration
Co-founded by Sunny Lu (former CIO of LV China) the current CEO, Vechain currently has use cases and applications in industries such as Fashion and Luxury, Food Safety, Automobiles and Supply Chain. Vechain currently has partnerships with BMW and DNV.GL and Jim Breyer listed on its advisory board.
VeChain uses blockchain technology and their in-house built smart chip to track items throughout their lifecycle. The smart chip can be implemented in different IoT items such as NFC chips, RFID trackers, or QR codes.
VeChain utilizes PoA algorithm and a dual token system consisting of VeChain Token (VET) and VeThor Token (THOR). VET can be used to deploy applications on the platform whereas THOR can be used to pay for applications and other transactions over the network.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
Trade on the go with Huobi App (iOS/Android)
Find us on
Huobi reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Remindertext here.