What is This Cryptocurrency? VeChain
VeChain is a project that wants to promote the real life application of block chain. It attempts to allow companies to track their supply of merchandise or products in real time through the use of block chain. There have been several stories of block chain being used in order to minimize inventory errors.
With the integration of the internet of things, block chain can help track inventories of needed items. A business needs to make quick decisions and integrate decision making as quickly as possible to continue increasing production and increase supply. There are some block chain projects that are helping with this by integrating the internet of things with block chain infrastructure. Many big cities may be the first to debut this technology and see the benefits of integrating these types of projects.
VeChain has a circulating supply of 55 billion coins. VeChain’s price has increased over the course of the project. If the project continues implementing goals within the roadmap, it may increase in value. The most important point as with all cryptocurrencies is for the development of the project as the price value of the coin can change. If a project provides value, it will be capable of adding value to the coins.