Established in 2015, VeChain is a global blockchain company providing enterprises with blockchain-enabled solutions for their business needs. It offers VeChain ToolChain™, a blockchain-based SaaS platform for enterprise clients. The blockchain application platform allows businesses of different sizes to collaboratively develop services and products on VeChain ToolChain™. VeChain ToolChain™ also has BaaS, PaaS, and SaaS offerings.
VeChain offers blockchain applications and has international offices in China, Singapore, Luxembourg, Japan, France, Italy, and the United States. Some of the company's strategic partners include PwC and DNV. The company has also established partnerships with different enterprises in varying industries, such as Walmart China, Bayer China, BMW Group, BYD Auto, PICC, Shanghai Gas, LVMH, D.I.G, and ASI Group.
The platform features a standardized interface and a single-click switch among the different product services. It allows for the flexible configuration of roles and corresponding features. Diversified product options provide five types of product services: food safety track and trace SaaS, sustainability track and trace SaaS, general supply chain track & trace SaaS, low-code deployment PaaS, and blockchain as a service platform.
VeChain's data visualization offers different visualization methods of trust data, including a customizable data management dashboard and product multi-designed landing pages for end-customers. The blockchain solution combines software and hardware and consists of a software application platform, mobile apps, IoT chips and sensors, and the blockchain service. Five of its value-added services include third-party professional verification and certification, data collaboration, smart contracts, application interfaces, and reseller services.
This is a blockchain-enabled food traceability platform that offers the food and beverage industry different traceability functions that are deployable, including product provenance and quality certificates. VeChain's food safety traceability digitalization is a blockchain-based digital solution for managing food safety and traceability.
Data that is related to food origin, nutrition ratios, manufacturing, processing, logistics, and others can be uploaded to the blockchain, and food safety information can be managed transparently. It also includes on-chain brand marketing, offering standardized landing page display functions that allow brands to tell their brand stories to consumers.
This is a lightweight and deployable traceability application that enables brands to record their sustainable footprints through the supply chain, including but unlimited to the use of recycling raw materials, green production processing, green packaging and logistics, product carbon footprint, and others.
The blockchain technology offers a solution that helps brands showcase their sustainability practices. Customized product carbon footprint calculation service is also available for an array of products. The platform supports the integration of scientific calculation methodology for product carbon footprints provided by experts that specialize in ISO14067.
With about 300+ enterprise cases, the general supply chain track & trace Software-as-a-Service (SaaS) covers the traceability requirements of different business scenarios and industries, offering a path to a consumer-facing blockchain solution. There are standardized templates for different industries available out of the box, for streamlining production, marketing and brand building.
This deployment platform-as-a-service (PaaS) offers clients the flexibility to develop process templates and use tools to develop their own blockchain applications within particular scenarios. Clients can integrate existing business applications with APIs and SDKs and finish development documents.
There are customized tools to help businesses adapt, and the process builder enables clients to develop business processes and customize data visualization forms. The PaaS platform offers data sharing and collaboration to develop ecosystems.
Blockchain as a service (BaaS) is a way to link the underlying blockchain and is utilized as a gateway service to access on-chain smart contracts with a traditional API. This is available for independent deployment to develop an application with multidimensional customization to meet different business demands and offer a more immediate end-user experience.
It also includes provides an on-chain storage service for a wide array of industry clients, like retail, luxuries, logistics, pharmaceuticals, and automotive. There are diversified on-chain tools and standardized smart contract services. The blockchain explorer is designed to offer developers a blockchain ecosystem and support service.
To assist companies in addressing climate change, VeChain provides a solution based on blockchain technology and scientific methodology, covering scenarios such as a sustainability track-and-trace service, a carbon emission inventory mechanism, and a product carbon footprint. Third-party assurance services are available within the solution, by partners like DNV.
It also offers a product sustainability track and trace tool that enables brands to record their sustainability footprints through their supply chain. Additionally, it involves carbon emission reduction management, pertaining to the research and development of carbon emission reduction methodology that is based on reduction scenarios and embedding into the blockchain-based system.
Reductions are calculated via smart contracts and kept as carbon assets, which can be monitored via the visualized dashboard. The critical data and calculation formulas are stored on the blockchain. They also work with partners to offer certification and monetization of digital carbon assets.
The solution uses blockchain and IoT technologies to attain and store key data from participants in the supply chain. They can share the information captured across the supply chain, enabling companies to trace back the source of their goods worldwide to ensure that the goods are properly sourced.
Enterprises are able to set up a digital supply chain, and key records can be shared with counterparties. With logistics warehouse tracking and IoT technology, enterprises are able to track logistics and storage information. They can collect and store vital data on-chain, like temperature, humidity, location, and inventory. The product lifecycle traceability tracks the information of a product's whole life cycle.
This on-chain document management solution manages different document types, like bills, certificates, and contracts, then stores them on the blockchain following verification by a certification authority. Using blockchain technology, the company works to erase paper-based counterfeited certificates, bills, and contacts, and offer authentic data for government agencies, as well as financial service providers.
VeChain blockchain digitalizes the electronic certificates and documents; then, they are audited by a third-party certification authority before being stored on the blockchain. They also offer digital content copyright protection and electronic evidence repository. Other key data repositories include online transactions, payment vouchers, service instructions, and medical data that require transparent storage. They can all be uploaded to the blockchain and timestamped.
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