VeChain (VET)
Blockchain for supply chain management and enterprise trust.
VeChain is a blockchain platform designed to improve transparency and traceability across global supply chains.
It enables companies to authenticate products, verify logistics data and ensure quality at every step using smart contracts.
The ecosystem uses two tokens: VET for value transfer and staking, and VTHO for transaction fees. This dual-token model stabilizes costs for enterprises adopting the network.
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VeChain (VET) Live Data
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Project Overview
VeChain focuses on solving real-world problems in logistics and product authentication. By linking blockchain records with physical goods through NFC chips, RFID, or QR codes, VeChain enables brands to guarantee the origin, authenticity and journey of their products.
Founded in 2015, VeChain has built strong partnerships with global companies in luxury, food safety, carbon tracking and healthcare. The project’s enterprise-first approach makes it one of the most adopted blockchains in the business sector.
Key Insights
VeChain is one of the earliest enterprise blockchains to focus on traceability and supply chain transparency. Its design solves key problems like counterfeit goods, inefficient audits and lack of accountability in logistics. By combining IoT technology with blockchain, it allows each product to carry a unique, verifiable identity on-chain.
The dual-token model (VET and VTHO) separates transaction costs from market volatility, making it easier for businesses to budget operations. VET holders generate VTHO automatically, ensuring a stable resource economy for long-term network use.
Beyond supply chain management, VeChain has expanded into carbon footprint tracking, sustainability reporting, and data verification for healthcare and ESG compliance. Its partnerships with firms like PwC and DNV show how blockchain can integrate smoothly with real enterprise systems.
Common Questions About VeChain
1. What problems does VeChain solve?
It enhances transparency and traceability for products in global supply chains.
2. What are VET and VTHO?
VET is used for value transfer and staking, while VTHO is used to pay transaction fees.
3. Who uses VeChain?
Companies in luxury, food, healthcare, and logistics sectors that need verifiable data integrity.
4. Is VeChain decentralized?
It is semi-decentralized, combining efficiency with verified authority nodes for enterprise trust.
Market Context
VeChain benefits from the rising need for transparency in global trade. As sustainability and product tracking become regulatory priorities, blockchain-based verification systems gain traction. The network’s integration with real companies positions it as a leading option for enterprise adoption.
The price of VET is influenced by partnerships and use cases. As industries move toward digital certifications and ESG compliance, VeChain could play a major role in standardizing on-chain proof for physical goods worldwide.