What is VeChain?
The VeChain team and the VeChain blockchain and platform has been running for more than two and half years.
During our journey, we have met many people who share our goals. Our business partners, both enterprises and individuals, dare to explore this new technology with passion, dreams, and strong beliefs. Moreover, we have accumulated experience with use cases from different industries to adjust and resolve any necessary corrections during this process. We will continue defining the right path to take when implementing this “disruptive technology” that will change the world.
Our original vision has never changed. The dream is still the same as before, that is: Building a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers.
Nine months have passed since the release of the VeChain ICO. The vision stays the same but our various missions have been reshaped gradually along with the rapid development of the entire blockchain industry.
VeChain aims to be THE PLATFORM to support blockchain-based business applications offering real economic and social value.
After a comprehensive study of existing public blockchain platforms (including Ethereum) and countless discussions and debates with multiple business partners, we identified reasons in which enterprise and large consumer-focused applications are not yet on blockchain. The largest identified hurdles are NOT about the technology, but instead are related to other critical aspects of the blockchain’s operational design.