VeChain (VET)

VeChain, with its cryptocurrency VET, is a blockchain platform that focuses on financial services, supply chain management, and smart contracts. VET was the first blockchain company to create a disaster recovery plan and the first to partner with the Chinese government.The VeChain token launched in 2015. VeChain first tried to apply an open blockchain network to the internet of things in late 2016. It partnered with companies doing business in luxury goods, agriculture, logistics, and food/drugs, as well as state administration. VeChain established offices in Shanghai, Singapore, Paris, and Tokyo.VeChain was the first blockchain company to make a deal with the Chinese government, as it became the blockchain technology partner of the regional government of Guiyang. It also started developing technology solutions for China’s tobacco monopoly through partnership with China's National Research Consulting Center (NRCC). It also partnered with PricewaterhouseCoopers, DNV GL, BMW, Michigan State University, and Oxford University Math. PricewaterhouseCoopers helped it create the first accredited cryptocurrency disaster recovery plan.The blockchain began trading as VEN at the end of August 2017. It became the 16th most valuable cryptocurrency in January 2018. It rebranded from VeChain (VEN) into VeChain Thor (VET/THOR). At the same time, it established itself as a platform and shifted its focus from the Internet of things and supply chain management towards financial services, with Jim Breyer in an advisory role.VeChain was the only top 20 cryptocurrency that did not show negative returns in the first three months of 2018, instead gaining 28 percent. In April 2018, it was the 17th largest cryptocurrency.
Rank 20
Price $0.0111
Market Capitalization $613 921 050
24 Hours Volume $12 156 681
Available Supply 55 454 734 800 VET
Total Supply 86 712 634 466 VET
Change (1 Hour) 0.06%
Change (24 Hours) -2.16%
Change (7 Days) -5.47%
VeChain News
September 26th, 2018

Report presents data on the crypto market movements over 2018, with special focus given to the analysis of trends of September 2018, notably September 16-23, 2018.

August 8th, 2018

Partnerships are the driving force of the mass adoption of innovative technologies like blockchain, however, it often turns out that they fail to deliver real value. Check out three key attributes of effective collaboration.

VeChain To Use Blockchain To Put An End To Car Clocking
August 14th, 2017

Blockchain product management platform to create digital car maintenance log, creating much needed transparency for car buyers.

May 22nd, 2017

Blockchain services provider VeChain has announced it will take part in an incubation program of global accounting company PwC to expand the use of the blockchain technology in Asia.

VeChain S.E.A. Becomes a Portfolio Company of PwC’s Incubation Program to Accelerate Blockchain Adoption in Hong Kong and Southeast Asia
May 21st, 2017

Singapore-based blockchain service provider VeChain S.E.A, a subsidiary of the leading blockchain technology company in China, BitSE, is proud to announce it will join PwC’s incubation program.