VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.
VeChain began in 2015 as a private consortium chain, working with various enterprises to explore blockchain applications. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of its own in 2018 using the ticker VET. VeChain has massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel ecosystems, such as those in San Marino targeting UN SDGs.
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