Spotlight Growth
No Result
View All Result
Friday, February 3, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

VeChain (VEN): Holding Relative Strength Despite Crypto Market Downturn

by admin
April 5, 2018
in Cryptocurrency
0
VeChain VEN Cryptocurrency dApps Strong Momentum

VeChain VEN Cryptocurrency dApps Strong Momentum

The Blockchain Boom of late 2017 led directly into a crash at the start of 2018. Despite this hard correction in the market that persists to this day, newcomer VeChain is still showing strong gains. Touted as one of the strongest real world use cases in the cryptocurrency industry, VeChain’s value continued to grow through their late February rebranding event. Even major media publications have noted the blockchain’s strong growth, with CNBC remarking on their ability to weather the storm.

Available initially as the ERC20 standard token VEN on major exchanges, VeChain recently ported these tokens over to their own proprietary blockchain. The new token, VET, represents the smart contract enabled vision that the founders originally intended. Now titled VeChain Thor, the development team is ready to start integrating decentralized validation apps into their platform. These validation apps help bring the inherent trust-less nature of the blockchain into the real world, where it can be used to verify shipped goods.

Blockchain Verification of Real World Items

A blockchain system routes all internal transactions through a decentralized network of validators. Depending on the algorithm, these validators could be miners, stake-holders or any number of other actors. All nodes in this network keep track of the entire ledger – and a consensus is required in order for a transaction to be completed. This process requires no human interaction, and in fact, avoids it intentionally. Fraud is difficult-to-impossible within the system, and new currency cannot be introduced without this consensus. If this methodology could be adopted for use in the real world, it would be a devastating blow to counterfeiters everywhere.

Source: YouTube
Source: YouTube

VeChain intends to do just that, by integrating a custom microchip into each good produced. That chip is associated with a VeChain ID, produced by the blockchain through a service paid for in the Thor dividend of VET tokens. The VeChain ID or VID can only be assigned once, to a single item, and can be tracked at every location along the global supply chain. This ensures that the item is not hijacked or replaced. This system is already in use for several luxury good items, including the Italian Wine Industry. Through DNV GL, an internationally accredited registrar, wine produced using the VeChain verification process will be tracked through VID from producer to end consumer.

The VeChain Thor Asset and Use Cases

VeChain’s recent rebranding event resulted in the full realization of their VeChain Thor blockchain. Similar to NEO’s dividend, the GAS token, VeChain Thor produces Thor tokens. These sub-tokens are used as a form of payment within the system. Decentralized applications built around real world item verification can use Thor as a means of currency. In this way, investing in VET ensures that a company will always have a steady supply of Thor to fund their manufacturing base. If the company finds that they need more Thor, more VET can be purchased at market rate. Should they require less, they can always sell VET back into the system.

This gives VET a consistent value, as it is never directly spent – only the associated dividend token. It effectively becomes business capital at this point, providing long term value for the holder. While still in the very early prototyping phase, VeChain’s intended use case in verifying manufactured goods stands to change the face of item validation. Counterfeiting will become prohibitively expensive, resulting in a huge impact on the criminal industry.

 

Article By: Adam Stone

Tags: appsassetsBitcoinblockchaincommon stockcryptoCryptocurrencydAppsdecentralizeddigital currencydividendemerging growthERC20Ethereuminvestmentmobilemobile appspublic companyservicessmall capsSpotlight GrowthSpotlight Growth StockstechThorThor dividendtokenVeChainVENverificationvet
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
ADVERTISEMENT

Recent News

Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested