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VeChain Thor (VET) is a public blockchain solution, supporting smart contracts, specially designed to give companies an easy way to track their inventory. It combines the Internet of things (IoT) technology with a blockchain in order to digitize the supply chain.
VeChain allows brands to monitor their sales channels in real time by putting Radio-frequency identification (RFID) labels on the products, which help consumers to track the whole history of a product in just a few clicks.
VechainThor and its solutions are perfect for supply chain management and tracking sensitive merchandises (such as vaccines or food), fighting fraud (counterfeit in luxury for example) and storing important informations .