
What is VeChain? What is the potential of VET coin?
Jan 14,2023
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The Vechain Foundation was founded in Singapore to supervise the development, renovation and progress of the VeChain ecosystem.
VeChain is regarded by some people as a perfect enterprise. There are many real business applications on the VeChainThor blockchain. As mentioned in VeChain white paper 2.0, "these solutions are not only theoretical, but have been tested and discussed with more than 700 enterprises and implemented for more than 100 wealth-level companies."
The head office of ViLink has obtained the five-star blockchain service certificate granted by the European authoritative certification T →VSaarland.
What is the potential of VET coin?
1. Huge market opportunities
The first main reason why ViLink is a good investment is that it is dealing with one of the largest areas. At present, the value of the supply chain market exceeds 15.8 billion US dollars. As the field becomes more complex, it is estimated that this field will more than double in 2026.
Therefore, a large number of enterprises may choose this platform to simplify or deal with some of the larger challenges they face. What we can see is that ViLink has now cooperated with many well-known companies and many government entities, including PricewaterhouseCoopers (PwC), Wal-Mart China, Renault and Shanghai Waigaoqiao Import Commodities Direct Sales Center, which also laid a good foundation for its development.
2. Close contact with China
China is a very important blockchain market. Generally speaking, non-Chinese enterprises cannot enter it. However, the chain is famous for its close relationship with China. The head office is located in Singapore and has a service office in Shanghai. It is invested by Future Cap, a Chinese venture capital company. The CEO is Sunny Lu from China. The project has also established strategic partnerships with several Chinese government departments, including the China Animal Health And Food Safety Alliance.
3. Is being accepted by many developers
ViLink has the function of smart contract and can build applications. At present, this ecosystem has been recognized by developers who build all kinds of applications. It can be seen that there are many publicly available applications built by using only chain technology in the market.
4. Strong capital
Most of the capital organizations that invest in only chain are well-known capital parties in the currency market, and the strength of the asset team behind them is strong. Therefore, from the very beginning, ViChain has attracted a lot of attention. At present, the market value of VeChain is also at the forefront of the cryptocurrency market, which proves the extraordinary nature of the project. Therefore, we can look forward to the following follow-up actions of only chain.
Having said that, I believe you have a certain understanding of what is ViLink and the potential of VET coin. In general, from the current point of view, the future development of ViLink is still worth looking forward to. However, as this field is still in the early stage of development, there are potential risks. Therefore, you must have a comprehensive understanding before investing, and do not invest blindly.