VeChain (VEN) is a blockchain platform for products and information. VeChain’s goal is to build “a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration, and high speed value transferring.” With the technology, you can check the authenticity and quality of goods, track items through a supply chain, and maintain the quality control of food products.
The VeChain Foundation announced plans to rebrand VeChain to VeChain Thor. A scheduled launch was set at the end of February 2018. The VeChain Foundation aims at extending beyond the supply chain into Decentralized applications (Dapp) technology similar to that of Ethereum’s. Two different tokens will feature on the VeChain Thor platform: Thor Power (THOR) and the VeChain Token (VET).
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