VeChain (VEN)
https://www.vechain.com/

You may have heard about VEN this week as a “similar project to WTC” – We’re going to talk a bit about the team, what they are doing, and how they are similar (and different) to Waltonchain.

As the FOMO sinks in from the WTC run up, people are looking for alternative, similar projects to invest in in hopes that they will follow similar patterns. We encourage you not to invest in projects like this to try and make a quick profit but rather, to look at the use they bring to the real world and the value they may hold in 5-10 years’ time. After all, as we move into an age of “crypto-stocks” you have to try to identify who might hold their value long term if you plan on being in this game for a while.

The interesting thing about VEN is that it was previously a subsidiary of China’s biggest blockchain company BitSe. That makes it brother to the QTUM Foundation, Blockchain & Infrastructure. VEN is the Supply Chain Technology that will be implemented onto the blockchain. With this brings the following:
Existing BitSe partners, industry connections and customers
Existing QTUM partners, industry connections and investors
The QTUM and VEN Partnership will become somewhat of a powerhouse team and will definitely give Waltonchain a run for its money. That isn’t to say that there isn’t space in the market for both of them though, as supply chains are monumental in scale and VEN already have offices in France, Singapore and Hong Kong and have deployed 111 nodes in 5 countries across the world (China, Korea, Japan, England & Germany).

The Technology:
VeChain was designed in Q2 of 2015. Since then it has rolled out multiple smart contract templates and its VeChain smart chip, which will be used to track all products on the blockchain. The VeChain smart chip is essentially an NFC chip, RFID tracker or QR code that tracks whatever it is attached to and protects them from tampering, counterfeiting and ensures that their entire life cycle is stored securely on the blockchain. It essentially makes it easy to track, collect, and store data that otherwise had to be inputted manually with great difficulty. Not to mention, barcodes are very outdated when you look at the way in which technology is moving.

Within 5 years, we believe you’ll be able to scan a product in a store with NFC and see its entire history – who made it – what with – how it got here – and how long it took.

What’s next?
VeChain 3rd generation smart chips.
BaaS (Blockchain as a Service) Cloud platform launches.
More business implementation cases, new partnerships.

The use cases:
Liquor
Luxury Goods
Automotive
Retail
Transport & Cold-Chain
Agriculture
Logistics & Shipping
As briefly discussed above, the number of problems that the above industries face due to supply chains are alarming. From food poisoning to counterfeit products and theft, these are all solved by adding a layer of accountability. By adding these VeChain smart chips, consumers are granted peace of mind and access to the entire history of the product.

The Team
Leon Shang – Ops Director – Former CEO of Louding Technology, Former Senior Product Manager for eBay.
Dr. Peter Zhou – R&D Director - Peter is a highly-respected computer science expert and has produced a number of highly-respected papers in top-tier international journals.
Sunny Lu –  Project Leader - Sunny has been an IT Exec in several Fortune 500 companies for over 300 years and is the leader of the VeChain project.
Alpha Qiu – Architect – Alpha is a highly respected software architect who specialises in technical architecture analysis, design, technology integration, and system optimization.
Chin Qian – Channel & Sales Director – Chin worked for HP for 12 years and has abundant experience in marketing and project management.
Jay Zhang – Finance Director – Jay Zhang has worked for Big 4 firms PWC and Deloitte as a Senior Manager for over 14 years.
There are many more members of the team with impressive credentials; for a full list see here: https://i.imgur.com/iyupLLX.png
The Partnerships
Aside from the obvious links to QTUM and BitSe, a number of extremely notable partnerships and investors have formed support for the VeChain project in recent months.
PWC (PriceWaterhouseCooper) are one of the Big 4 audit and consulting firms and sit comfortably at or very close to the top of the FTSE100. They run an incubation program and have selected VeChain to be part of this. As far as endorsements from organizations go, there is little more impressive than someone like PWC helping to drive your project forward. Company value: $35.9 Billion.
DNV GL are a “global quality assurance and risk management company…. They provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas, power and renewables industries.” Company value: $30 Billion. Aside from this, they have global industry connections. Their partnership will help the VeChain business ecosphere accelerate.
Kuehne & Nagel are the largest freight company in the world. They account for 10% of the entire world’s air and sea freight business. By teaming with VeChain, K&N can use their smart chip technology to protect assets that are being transported. Company value: $21 Billion.
VeChain also:
Are working with Microsoft and Viseo to produce a solution for Renault. https://media.group.renault.com/global/en-gb/media/pressreleases/94238/groupe-renault-microsoft-et-viseo-sassocient-pour-creer-le-premier-prototype-de-carnet-dentretien-nu1
Are working with the largest wine distributer in China, approximately 30% of market share.
Are working with a significant number of clothing companies across Asia who also important into Europe.
Have been mentioned in NASDAQ: http://www.nasdaq.com/article/the-fourth-industrial-revolution-blockchain-tech-and-the-integration-of-trust-cm749337