VeChain (VET) is a blockchain-based platform that aims to improve supply chain management and business processes. It was founded in 2015 by Sunny Lu, a former CIO of Louis Vuitton China. The platform uses a combination of blockchain technology, IoT devices, and RFID tags to track and verify the authenticity and quality of products throughout the supply chain. This helps to reduce counterfeiting, increase transparency, and improve efficiency. VET is the native cryptocurrency of the VeChain platform and is used to pay for transactions and access to certain features. It has a total supply of 86.7 billion tokens, with a circulating supply of around 64 billion tokens.

VeChain has partnerships with several major companies, including Walmart China, BMW, and PwC. These partnerships have helped to increase the adoption and use of the VeChain platform. The team behind VeChain is also actively working on developing new features and use cases for the platform, such as carbon credits and digital identities. Overall, VeChain has the potential to revolutionize supply chain management and improve business processes, making it a promising cryptocurrency to watch in the future.