VeChain is a blockchain platform that caters to different industrial applications, particularly in the Internet of Things (IoT) industry. It seeks to provide transparent, secure, and efficient solutions across different industries, such as retail, logistics, agriculture, and automotive. The VeChain blockchain employs a dual token system comprising of VeChain Token (VET) and VeThor Token (VTHO) to maintain the stability of the platform and manage transaction fees. VeChainThor enables rapid innovation with an on-chain governance model, allowing node holders to vote on improvement proposals efficiently, eliminating contentious hard forks and enhancing security.