Vechain (VET) Price

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About VeChain (VET)

VeChain (VET) is an adaptive enterprise-grade L1 smart contract platform.

VeChain was founded in 2015 as a private consortium chain that collaborated with numerous businesses to investigate blockchain applications. With the ERC-20 token VEN, VeChain would start their move to the public blockchain in 2017. In 2018, they would introduce their own mainnet with the ticker VET.

VeChain wants to build an ecosystem that addresses significant data challenges for numerous global businesses, including energy, food and beverage, healthcare, sustainability, and SDG targets. It does this by utilizing distributed governance and Internet of Things (IoT) technology. VeChain is constructing the digital framework that will support the fourth industrial revolution by harnessing the power of trustless data, which necessitates real-time and trustless data sharing among numerous parties.