Vechain Price today
Vechain, also known as VEN, has a price today of 2,74$ and a market capitalization of 2.736.158.720$, which is 1,01% of the total. Vechain has a total of 1.000.000.000 coins in circulation.
In the last 24 hours, the price of Vechain has decreased -0,13$, which is -4,61% of its valuation.
What is Vechain?
VeChain is the new leading face for supply chain management. It was created to improve the SCM in order to get rid of all security loops and transparent ledger system. With VeChain every user and retailers will get the benefit of determining the authenticity of any products.
The ledger of VeChain enables to log in every information related to supply chain such as materials, spare parts, servicing or any other information on the products. It's a process where an organization can manage the supply chain efficiently without extra efforts.
The products are listed with different identification which is all unique by default. This enables any supplier to keep track of a particular product. Using the VID tech, VeChain tracks every movement of a product. A SHA256 hash protocol produces these VIDs and randomly assigns them to the products.
So, any transaction of products from suppliers to consumers can be tracked from both ends. This method helps to be transparent at all cost.
One can go for the ownership based on their digital platform. The ownership determines what type of keys the user will have. An account can have both private and public keys.
- Offers a working solution to every supply chain management.
- The gateway services are really fast and secured for that matter.
- Can track any product from both consumer and suppliers end.
- Permits unique identification for every product on the system.
- The transaction fee is quite cheap.
The initial technology is blockchain. But VeChain adds an extra layer of security and authentication to the whole system. VeChain network enables users to log in every detail of any product and sell on the network. Adding a layer of a different algorithm it can track all the process, unlike other cryptocurrencies.Visit website open_in_new
|Price in BTC||0.00044843 BTC|
|Current Supply||1.000.000.000 VEN|
|24h Volume (coin)||0 VEN|
|24h Volume (currency)||$0|
|Last updated||2018-06-23 08:51:47 +01:00 BST|
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