VeChain

About VeChain

VeChain is a business-oriented blockchain, which is Layer 1, and is primarily used in supply chains, product tracking, and sustainability reporting. The network assists companies in tracking the data of goods, sensors, and enterprise systems on-chain, forming a more transparent path of products in the production, shipping, and retail stages. VET is the main token in the VeChainThor ecosystem. Holders use it for staking, governance, and generating VTHO, the separate gas token used to pay transaction fees. This dual-token model helps keep network costs more predictable for businesses, because daily fees do not rely only on VET’s market price. The token supports infrastructure rather than a single consumer app. VeChain can serve use cases such as product authentication, carbon tracking, logistics records, digital certificates, and enterprise data management. Developers and businesses can also build applications around traceability, rewards, payments, and compliance tools, while VET helps secure participation across the network.