Welcome to 60-second Crypto Gem by KuCoin. Today, we will be talking about VeChain (VET). VeChain is a decentralized platform built to make supply chain management easy. It aims to use distributed governance and Internet of Things technology to create an ecosystem which solves some of the major problems with supply chain management such as commodity traceability and anti-counterfeiting verification. It gives each product a unique identity, then uses sensors to track what happens at each stage of the supply chain and records this information on blockchain. That way, companies can be sure products are handled correctly, and consumers can verify if a product is fake or not. Thus, VeChain is more attractive to businesses looking to reduce supply chain friction and provide a more transparent impression to clients.
Trade VET on KuCoin: https://trade.kucoin.com/VET-USDT
