VeChain (VET)

Official website:

What is VeChain?

The VeChain project began in June 2015, with a focus on building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transfer. VeChain specializes in blockchain and IoT technologies and has grown to be one of the few blockchain platforms with real-world business applications, implemented by highly regarded enterprises across numerous sectors internationally. 

By providing vigorous and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain seeks to allow its business partners and developers to implement blockchain solutions for their business and also produce a powerful and sustainable ecosystem. VeChain is currently based out of seven offices located around the globe. They have an international professional team of over 100 staff members including over 50 professional blockchain application developers. VeChain is also vigorously working with some of the most prestigious universities worldwide in its blockchain R&D capacity, such as Tsinghua University, Stanford University, MIT, Oxford Mathematical Institute.


VeChain was founded in 2015 and is one of the older entities within the blockchain industry. It has offices in China, France, Singapore and Japan. VeChain first began as a subsidiary of BitSe, which is one of China’s largest blockchain companies.

The project is also supported by the VeChain Foundation. The foundation was established in Singapore in July 2017 as a non-profit organisation. The CEO, Sunny Lu, holds well over a decade’s worth of experience as an IT executive in Fortune 500 companies. Meanwhile, the CFO Jay Zhang has more than 14 years’ worth of experience as a senior manager with PwC and Deloitte.


VeChain migrated onto its own blockchain from the Ethereum network and consequently rebranded itself in 2018. This included the VEN blockchain adapting into the VeChainThor (VET) blockchain in 2018.

The VeChain whitepaper displays the objectives that the VEN blockchain would like to attain. The whitepaper, which can be found here: , lists all those objectives in great detail. The preliminary target that they have established, is to disrupt the supply chain industry. They will do this by making data actionable and transparent. The blockchain also has ideas which involve having dApps and initial coin offerings (ICOs) on VeChain and Internet of Things (IoT) platform.

Where to Store Vechain (VET) 

VeChain Thor mainnet was released this summer and was immediately followed up with a native wallet application. The initial release of the VeChainThor wallet came in form of a light mobile wallet app, which aimed to provide a “powerful, secure, simple and fully functional portal to the VeChainThor blockchain”. The wallet can be downloaded in both iOS and Android versions.

There are also several unofficial wallets that can store Vechain. Some examples are the desktop wallet Atomic wallet and then some mobile wallets such as Trust Wallet and Cobo Wallet. A ledger is also another way of storing Vechain, examples of this include ledger nano s and cobo wallet. 

Where to Buy and SELL Vechain (VET) 

You can Buy & Sell Vechain (VET) by heading over to the Buy Coins page of our website. Vechain (VET) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying VET has never been easier, simply place your order and provide your wallet address. Once your payment arrives VET will be sent directly to your wallet. If you choose to Sell Vechain (VET) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.

VeChain resources

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