Vechain, weichain in Chinese, is an enterprise-class blockchain solution. The platform is a global ledger information interaction and collaboration cloud platform based on block technology. It connects with the application layer through API and realizes the synergy and value transfer under different scenarios based on the intelligent contract of the actual application of the industry, so as to map the real business world to the block chain.

It aims to establish a trusted distributed business environment with information transparency, collaborative efficiency and high speed transmission of value. Redefining the supply chain with the blockchain Internet of Things, providing a unique "electronic ID card" for each commodity, and providing a secure, transparent and traceable supply chain platform for the consumer goods market.

Although decentralization is the cornerstone of blockchain technology, its defects are also obvious, which makes blockchain inefficient and difficult to iterate quickly. 2. The existing economic models of public chains almost all link transaction costs directly or indirectly to the total valuation of the corresponding blockchain, which unnecessarily makes transaction costs high and unpredictable. Most public chains have a paradox: the greater the usage, the higher the token value, and the higher the cost of using the blockchain, rather than decreasing it, hurts the user's motivation and reduces the total value of the network.

1. Adopt a robust governance structure; 2. Adopt a sound economic model; 3

The original intention of Vichain's governance framework and principles is to create a visible, inclusive, transparent and efficient platform to promote the development, innovation, coordination and progress of Vichain's Raytheon blockchain ecosystem. 2. The economic model designed by blockchain is divided into two levels. The lower tier deals with blockchain-level operations, such as token transfers and execution of smart contracts, while the higher tier covers applications that perform complex business and financial activities. Vichain Foundation has entrusted a third-party organization with credibility to set up a legal entity in Singapore. All operations comply with local laws, regulations and regulatory requirements. If you need to seek legal advice on matters such as business agreements, contracts, disputes, etc., you need to consult a local lawyer for confirmation. (1) Touch point: digitizing the information of the real world. We digitize products and sensors using NFC and RFID chips to capture environmental, inertial, gas and position information through sensors. The contacts are the hands and eyes of the chainonly Thor, used to connect the world and collect data feeds. (2) Connection: The connection unit transmits the data captured by the sensor. The connection unit and sensor together constitute the iot technology portfolio in The Raytheon blockchain platform. (3) Blockchain bottom layer: The bottom layer of blockchain is responsible for conducting transactions and storing the data collected above. Deploying and running smart contracts on blockchain can support multi-party collaborative activities. (4) Applications and Services: Applications and public services built into blockchain can provide infrastructure services that simplify and standardize application development as well as common protocols and interfaces, such as VeVID for KYC, VeVOT for voting, VeSCC for smart contract certification, VeSCL for smart contract libraries, and a host of other technical protocols, Such as side chain, cross chain, data feed, predictor and so on.

1. As investors, end users and ecological enterprises pay ETH to acquire VET at the very beginning, and ETH is given to Vichain Foundation for platform technology development, promotion of commercial application cooperation, and support of blockchain services. 2. Vianlink Foundation collects VET from each smart contract developer and service provider, and pays Gas required for the operation of smart contract to ensure the operation of each business smart contract; Between 75 and 99 percent of VET revenue collected will be paid to the node providers as node awards, with the rest going to the day-to-day operations, business promotion and technology development of the Vichain Foundation. 3. Smart contract service providers pay VET for Gas, provide baAS (Blockchain as a Service) smart contract services to the enterprises they serve, and collect VET from their client enterprises -- application development providers to provide smart contract services according to their business rules and value-added contribution. 4. The application development provider will further develop and process the smart contract services based on the needs of the end customer enterprise, and provide the application products for its traditional enterprise customers or end users, and collect VET as the enterprise revenue. 5. End users can pay VET for enterprise products and services.

1. Technology has taken shape and is constantly iterating; 2. Combined with the Internet of Things, complementary performance and advantages are realized; 3. Business has been established and the business ecosystem has begun to take shape. At present, Vichain's customers have covered many industries, including fashion and luxury industry, food safety, automobile enterprises, supply chain industry, agricultural industry, etc. 4. Weichain team has accumulated a lot of experience in all walks of life in the past two years, among which there are many applications developed in cooperation with world-renowned enterprises.

1, independent and derived technology layer 2, can achieve standardization, modularization, high flexibility, rapid iteration 3, easy to develop, fast 4, open to other technologies and systems protocol

1. Information is relatively transparent and symmetrical; 2. Minimize trust friction between different participants; 3. Different participants show their strengths and contribute their own value to the business ecological environment, so as to obtain relatively fair remuneration; 4. Realize high-speed value transfer and continuously expand the chain commercial closed loop.

Proof of Authority (PoA)

From public offering to listing, VeChain has faced many negative pressures from public opinion, including token offering mechanism, price manipulation and real information of team members. In general, the commercial landing of blockchain traceability projects is difficult, and there are operational risks. In addition to competing with traditional giants, VET is also competing with other blockchain traceability projects.

In addition to code risk, it is also susceptible to market environment and government policies.