Vechain is a blockchain platform that provides supply chain management solutions for various industries.
It operates as a decentralized platform, meaning that all transactions and data are recorded on a public ledger that is accessible to anyone. This eliminates the need for intermediaries and increases transparency and accountability in supply chain management.
The Vechain platform is powered by VET tokens, which are used to pay for various services offered on the platform. Vechain provides a range of tools and services that help businesses to track the movement of products and goods, monitor the authenticity of products, and improve their overall supply chain efficiency.
One of the key features of Vechain is its ability to track products and goods using RFID chips and QR codes. This allows businesses to know exactly where their products are at all times, which is especially important for businesses in the food and pharmaceutical industries.