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VeChain is a decentralized platform based on blockchain technology that was designed to revolutionize the supply chain industry and serve as a decentralized application (dApp) ecosystem. Initially, VeChain was developed to provide supply chain industry organizations with a secure and efficient way to transfer and verify supply chain data using the immutability and transparency of blockchain technology. The live VeChain price can be checked on Kriptoks at any time.

While VeChain has gained widespread adoption within the supply chain industry, the launch of the VeChain Thor mainnet in 2018 marked a shift in focus from being a supply chain-specific project to a more general data solution dApp platform. Today, VeChain works with a number of notable industry partners, including BMW, which leverages VeChain technology to prevent automobile odometer fraud, and LVMH, which uses VeChain to track luxury goods.

VeChain is led by the VeChain Foundation and has a presence in China, Europe, the United States, Singapore, and Japan. It is used to streamline data transfers and provenance in a variety of industries, including consumer goods, automotive, food safety, carbon footprint tracking, and agriculture.