What is VeChain?
VeChain is an ecosystem which is working based on blockchain. This network is entirely concentrated on enterprises. The goal of the network is boosting up stock chain supervision by connecting the physical environment with the blockchain. They aim to do this by “a comprehensive governance structure, a robust financial model, and advanced IoT integration”. The corporation was created in June 2015. The head-office of it is based in Singapore. It defines itself as a newbie of real-world apps that have adopted open-source blockchain technology. They suggest international services in big cities like Shanghai, Tokyo, Hong Kong, Paris etc. They want to make the life of business easier by adopting fast and simple transactions without third-party. The protection of the platform is ensured by operating nodes. These nodes can manage all the members of the blockchain, also check the status of transactions and other wallet services. The organisation that operates via VeChain is smart sensors and chips manufacturer. They’ve adopted this method for tracking goods within all life cycle.