VeChain VET was launched in 2015 and is a project with the goal of enabling better relationships between businesses. They do this by improving the supply-chain management, as well as tracking the efficiency of data. VeChain VET is what helps make this viable, and is the Coin that allows for the implementation of changes. VeChain VET also gives companies the ability to launch new dapps.

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A real-world application of the VeChain VET software, and by extension VET, is to assist in tracking the entirety of the VET supply chain process. Blockchain can also be used to help validate the authenticity of items and products. This is a highly desirable Crypto, and as a result, VeChain VET is already being used by some of the world’s most successful companies.

Walmart uses VeChain VET to track where and how its produce was grown, as well as how it was transported. BMW company wants to prevent odometer fraud in the cars that they sell, and VeChain VET is helping them achieve this. LVMH, the conglomerate behind Givenchy,Louis Vuitton, and Marc Jacobs, has used VeChain VET to track some of its luxury leather goods.

At the time of writing, VET price is at 0.09195, a rise of 6.72% over the last 24 hours. Since the turn of the year, VeChain VET has been on a steady upward trajectory. This could in part be down to some news coming out of VET. Their Twitter account hinted at the launch of a new stable coin called VESD. According to VeChain VET, it will help with the “new wave of blockchain mass adoption.

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