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VeChain is a global information transformation platform based on blockchain technology. It digitalizes real people, products or events, by linking API with the system's application layer connecting blockchain with real-world information. We make use of Smart Contracts focused on real industrial operations. VeChain achieves collaboration and value transferring between different use cases. Hence, it maps the real world activities to blockchain. VeChain is creating a brand new business model, which provides 'trust service' to all collaboration parties across all platforms, entities, industries and consumers.
Vechain’s program codes are developed based on the foundation of Ethereum. In the past two years, the team has done lots of code modifications and improvements in various aspects like dynamic protocol and smart contracts etc. for the convenience of business application. Vechain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable. Vechain ecosystem’s advantages are that it provides the access to a transparency and symmetrical information, reduces the trust issues between different corporates, ensures that each person and each enterprise has their own part to play in this eco-system so that based on their contribution and value, they can obtain relatively fair rewards and supports high volume at high speed for the benefit of the enterprises in our ecosystem.
Official Website: https://www.vechain.com/