VeChain (VET)

VeChain is the world’s leading blockchain platform offering Blockchain-as-a-Service to enterprises for products and information By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable. Through effective collaborations, enterprises can enjoy the benefits of transparency and value flows at high-speed rates VeChain has evolved with multiple technical iterations and have amassed significant industrial experience in rolling out real-world applications since 2015. We are as strong as our portfolio of partners. VeChain intends to model these successful implementation cases as industry templates, plus the funds raised from ICO will be used to achieve rapid scalability, as we foresee more enterprises and business activities to be operating on VeChain’s platform. The VeChain team and the VeChain blockchain platform has been in operation for more than two years. Fortunately, having ventured into the world of Blockchain, it is not a mere buzzword or a foreign concept, we have met many passionate people who share the same goal and lots of enterprise partners who dare to explore the benefits of this new technology. Through the years, VeChain had the privilege to work with many enterprises and have accumulated plenty of experience in project implementation across various industries. Our software development team operates in Agile, as we adapt and add more developments incrementally to serve our clients better. We are relentless in the pursuit of being the world's first blockchain company to change the world for the better. Our original vision has never been changed. The dream is still the same as before:

To build a trust-free and distributed business ecosystem by enabling the flow of information and values at high-speeds through collaboration with enterprises.

The Establishment of VeChain Foundation

The VeChain Foundation (hereinafter referred to as the Foundation) is a non - profit entity established in Singapore in July 2017. The foundation will act as VeChain’s sponsor entity, it is committed to VeChain’s development, construction and governance, ensuring transparency, advocating the safety and harmonious development of open source communities. The general blockchain community aims at a high degree of autonomy or decentralization, allowing community participants to diversify their decision-making advice and to vote on important matters. However, such behavior is inefficient or unresolved because of the diversity of participants' opinions, which is not conducive to the continuous iteration and evolution of the Blockchain technology. Moreover, the bifurcation behavior of the blockchain is caused by the serious divergence of views. The solution of "hard forking" has made people question the idea of "de-centering" of "Ethereum” and even "Blockchain". This way of governance is not so much a "democracy" as an "anarchy." VeChain development team highly regards blockchain’s decentralizing nature, yet intends to adopt some traditional corporate governance and thus improve the efficient formulation and implementation of the VeChain development and strategy for the benefit of the community to prevent and avoid serious blockchain design philosophy differences and irreconcilability. The VeChain team commissioned a trusted third party organization to assist the team in setting up Foundation entities in Singapore and to maintain the day-to-day operations and reporting of the entity architecture. After establishing the Foundation, it selects the appropriate members of the community to join the functional Steering Committee of the foundation to participate in its management and decision-making.