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VeChain advances sustainability and supply chain solutions via its VeBetter platform, new partnerships, and technical roadmap updates.
VeChain, co-founded in 2015 by Sunny Lu, began as a private consortium chain focused on supply chain management and anti-counterfeiting using NFC and RFID technology [1]. The project launched its public Layer-1 blockchain, VeChainThor, in 2018 after raising approximately $20 million in an initial coin offering the previous year [1]. Today, the platform emphasizes real-world utility through sustainability initiatives and enterprise partnerships.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
VeChain is a blockchain-as-a-service platform designed for supply chain management, anti-counterfeiting, and creating digital experiences for physical products.
It uses unique IDs stored on the blockchain, which are accessed via NFC chips or QR codes on physical items to verify public and private key pairs.
VeBetter is an 'X to Earn' application ecosystem built on VeChain that gamifies and rewards everyday habits that contribute to real-world impact.