VeChain is a blockchain-based platform that provides businesses with a secure and transparent record of their supply chain transactions. It uses a proof-of-authority consensus mechanism, two distinct tokens, and a network of IoT devices to track goods, validate their genuineness, and ensure strict adherence to regulations. The VeChainThor Blockchain, VeChain ToolChain, and VeChain IoT are the three components of the platform, which have already been adopted by major corporations such as Walmart China and BMW.
