Vechain is a blockchain based platform , specifically tailored to improve day-to-day business operations and real-time tracking of products. It is designed as a trust-free supply chain solution, seeki
ng to have an impact in quite a number of today’s big industries.
Radio Frequency Identification (RFID) tags and sensors are to broadcast key information on to the VeChain network which can be accessed by authorized stakeholders. For example, an RFID transmitter can be attached to a package of meat. This allows transparent tracking of its origin, the conditions it was transported ( temperature, humidity) and its destination. All this information is stored on the blockchain and cannot be tampered or removed.
Unlike Ethereum or Bitcoin, VeChain does not follow a truly decentralized governance. The developers praise the decentralized nature of blockchains, however they seek to adopt a more corporate oriented governance in the development and implementation of VeChai.
Read more about VeChain
Read less about VeChain