SUPPLIER MANAGED
Vechain Logo

Vechain

Singapore
2017
Private
< $10m
51 - 200
Open website

VeChain is a leading global enterprise level public Blockchain platform ranked in top 20 on CoinMarketCap, with a valuation of over 1 Billion USD. .

VeChain aims to connect Blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in real world applications.

They are one off the most connected projects in the Blockchain space at the current time. Partnerships include PwC (Top 4 Accounting firm), DNV GL (A global quality Assurance and risk management company – leader in its field), two main bodies of China Tobacco Regulation Administrations (China State Tobacco Monopoly Administration, and the China National Tobacco Corporation), among many others.

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VeChain operates in a number of verticals including, pharmaceuticals, liquor, automobile, luxury goods, retail, logistics, supply chain, food and cold storage and more.

An example of one of the IoT solutions they can provide is cold chain solutions. VeChain uses propietry IoT sensors to track key metrics such as temperature, humidity and location information throughout the supply chain journey.

All data is transferred to the Vechain Thor Blockchain at each checkpoint on the journey, and any anomaly in data will trigger an alert.

The Blockchain is used to create an immutabe record of the product, that cannot be changed without leaving a trace on the blochain for regulatory authorities and customers to check.

Vechain embeds data management in every process, making cold chain logistics transparent, regulated, secure and reliable .

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PwC, BMW, DNV GL, Kuehne & Nagel, China State Tobacco Monopoly Administration, China National Tobacco Corporation, BitOcean, Fanghuwang , INPI Asia, Givenchy, Danone, Unilever, Saint-Gobain.

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Vechain is a provider of Industrial IoT application infrastructure and middleware technologies.
Technologies
Application Infrastructure & Middleware
Blockchain
Vechain’s Technology Stack maps Vechain’s participation in the application infrastructure and middleware IoT technology stack.
  • Application Layer
  • Functional Applications
  • Cloud Layer
  • Platform as a Service
    Infrastructure as a Service
  • Edge Layer
  • Automation & Control
    Processors & Edge Intelligence
    Actuators
    Sensors
  • Devices Layer
  • Robots
    Drones
    Wearables
  • Supporting Technologies
  • Analytics & Modeling
    Application Infrastructure & Middleware
    Cybersecurity & Privacy
    Networks & Connectivity
Technological Capability
None
Minor
Moderate
Strong
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