The_Delegator
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Crypto deep dive: VeChain
Cryptocurrency: VET
Market Capitalization Rank: 22nd ($285 million)
Consensus: Proof of Authority (PoA) - the 101 PoA masternodes must disclose their identities such that they are held accountable and incentivized to work in the best interest of the network.
Notable Supporters: Draper Dragon, Fenbushi Capital, Breyer Capital, DNV GL, FutureCap
The gist of it
VeChain was originally a supply chain management focused blockchain platform. It has since rebranded into an enterprise-focused dApp platform for products, services and data.
It seeks to connect blockchain technology to the real world through advanced IoT integration and real world applications.
Why people love it
VeChain already has several working dApps on its permissioned blockchain, illustrating adoption potential.
VeChain has secured several partnerships with established brands such as PwC, BMW, Renault and DNV GL, which can result in a desirable snowball effect as they might be exposed to the networks of these big brands.
The VeChain team is extensive and well equipped. They have a good combination of multinational corporation and crypto expertise.
Why people doubt it
VeChain architecture is not entirely decentralized. They adopt a semi-centralized "balanced approach." This might not enable them to garner the support of decentralization maximalists.
Some argue that VeChain has too ambitious a plan for growth. The lack of specific industry focus may come back to bite them as they already face strong competition in both the supply-chain and enterprise dApp space.
Current VeChain team may be too big. Some who visited its Shanghai office said that they have over 80+ employees in that location alone. This rapid expansion could lead to some manpower inefficiencies.
Cryptocurrency: VET
Market Capitalization Rank: 22nd ($285 million)
Consensus: Proof of Authority (PoA) - the 101 PoA masternodes must disclose their identities such that they are held accountable and incentivized to work in the best interest of the network.
Notable Supporters: Draper Dragon, Fenbushi Capital, Breyer Capital, DNV GL, FutureCap
The gist of it
VeChain was originally a supply chain management focused blockchain platform. It has since rebranded into an enterprise-focused dApp platform for products, services and data.
It seeks to connect blockchain technology to the real world through advanced IoT integration and real world applications.
Why people love it
VeChain already has several working dApps on its permissioned blockchain, illustrating adoption potential.
VeChain has secured several partnerships with established brands such as PwC, BMW, Renault and DNV GL, which can result in a desirable snowball effect as they might be exposed to the networks of these big brands.
The VeChain team is extensive and well equipped. They have a good combination of multinational corporation and crypto expertise.
Why people doubt it
VeChain architecture is not entirely decentralized. They adopt a semi-centralized "balanced approach." This might not enable them to garner the support of decentralization maximalists.
Some argue that VeChain has too ambitious a plan for growth. The lack of specific industry focus may come back to bite them as they already face strong competition in both the supply-chain and enterprise dApp space.
Current VeChain team may be too big. Some who visited its Shanghai office said that they have over 80+ employees in that location alone. This rapid expansion could lead to some manpower inefficiencies.