Greetings Steemers, after a short break, we continue with the articles. This time we talk about cryptocurrencies. Today, we continue to write about altcoins that have real potential. The last time we wrote about a very interesting project , Stellar. You can read the article here: https://steemit.com/cryptocurrency/@steemagazin/steemagazin-world-of-cryptocurrencies-81eaca1cd4aad. Today we will have an overview of another rather interesting project, VeChain.
The information you will read in the text is informative. It's not financial instructions. Take decisions yourself!

Source: https://www.reddit.com/r/Vechain/comments/88sk6l/vechain_desktop_image/

About VeChain

VeChain - a platform that allows you to effectively track the supply chain and verify the authenticity of each product.

Initially, the project was created by BitSe, which previously engaged in the creation of another technological giant in the field of blockhain - Qtum. Since 2015, VeChain is a separate structure with its own management and engineering composition. The goal of the team is to create a system that can track each product, from the manufacturer to the customer, which will be implemented by embedding a special VeChain chip. Initially, the focus was on luxury goods, which often pass from one owner to another, with target to save buyers from fakes, which especially many in the countries of Asia. However, over time, in the company understood that their product is valuable for many other sectors of the economy, so now they are actively cooperating with agro-industrial, automobile and mecanical companies. At the end of July 2018, the network moved to its own blockchain, resulting in two separate coins: VeChain (VET) and VeThor Token (VTHO), where the first will be used as an internal currency, and the second will be reward for maintaining the network. In addition, the project is actively developing the concept of the Internet of things and the creation of smart cities, for this purpose, the Chinese authorities provided the VeChain team with a separate economic zone (Gui'an city), in which the blockchain will become the foundation for the construction of the "smart city".

Conclusion

This project is the leader in its industry, their product has already been implemented in many technology companies, and the Chinese government is helping in every way to realize this project, so VeChain has the highest chances to become one of the best companies in the field of blockchain. Exchanges: Binance, KuCoin and more.

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We hope that the article will at least help you in understanding the cryptocurrencies, in this case, the VeChain project. Once again, this is not advice nor recommendation to buy or sell anything! It can only help you as informative content. Write us your comments and opinions.

@steemagazin

Written by: @atimk23
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