- Vechain (VET) has been recognized in academic research for its contribution to supply chain management.
- VeChain was reported to increase transparency along with tokenized rewards while providing efficient tracking of products along the supply chain.
The important contribution of smart contract compatible blockchain Vechain (VET) in supply chain management is recognized in a well-known study written by researchers at Borys Grinchenko Kyiv Metropolitan University in Ukraine.
According to a summary shared by Vechain Ambassador Sebastian, the blockchain was praised for tracking products along the supply chain and for enhancing “transparency with participants' tokenized rewards.”
Report background
The report, entitled “The Framework for Integrating Decentralized Payment Equipment with Artificial Intelligence, Big Data, and Digital Identity,” focuses primarily on “the increasing importance of decentralized payment instruments that redefine and shape the innovative financial and technology landscape.”
Researchers say that AI and the Internet of Things (IoT) use for dynamic interactions between physical devices and blockchains, as well as distributed identifiers (DIDs), actually improve the efficiency of financial processes. Not only that, this combination unlocks opportunities for innovation in ownership, trade and asset management.
The report found that tokens are a very important tool for a variety of services through integration with modern technology. Some of these were highlighted, such as IoT, distributed AI (DEAI), and big data.
In the context of IoT, tokens were said to emerge as a systematic payment tool to enable data transfer between devices. IOTA was specifically mentioned in this context to enable micropayments between devices while encouraging autonomous interactions.
Fetch.ai was also mentioned as it contributed to supporting autonomous AI agents. According to the report, it optimizes interactions and supports transactions.
Apart from VeChain, another project highlighted as redefineing the supply chain management sector is OriginTrail. As stated in the research paper, it was emphasized that it would provide product traceability while encouraging data sharing across the supply chain.
Previous Vechain (VET) recognition and price forecast
Vechain's domination in that field recently won IT recognition in another academic report titled “Fairchain: A trusted transparent blockchain-based ecosystem for drug development for the implementation of Nagoya Protocol.”
Another study we reported that VeChain was praised for its support of over 100 product lines and services. In addition to this, it was recognized that the company's supply chain increased transparency, including Walmart.
Recently, we announced that we have teamed up with Wanchain to allow VeChainthor users to seamlessly move assets across EVM and non-EVM blockchains. As mentioned in a previous post, Vechain is currently connected to over 40 major blockchains, including Bitcoin, Ethereum, Solana and more.
Vet, the native token of VET, is expected to leverage these developments to exceed the resistance range of $0.028993 and $0.090743. As shown in previous analysis, veterinarians are expected to reach $2.5 in the long term. However, as explained in detail in the previous news brief, you must first violate the $0.05 psychological barrier.
