The usability of VeChain (VET) is evolving into reality as its focus has been shifted to the chain management sector. With the latest anti-counterfeit chips, purchasing substandard goods might soon become a thing of the past. With the NFC chips of VeChain attached on goods, shoppers will now be able to use their smartphones to scan goods to find out their authenticity.
VeChain NFC Poised to Eliminate Substandard And Fake Goods In The Market
Just like scanning barcodes, the chips are an easy way to get rid of substandard and counterfeit products in the market. When users scan the code on the chip, they will get an instant response to ascertain whether the product is fake or genuine.
To close the gap where fake products penetrate the market, the blockchain project will work closely with retailers and manufacturers to make sure the supply chain is protected against corrupt traders.
VeChain Better Value Offering
The new anti-counterfeit chip has been created with the management of supply chain in mind. With the VeChain (VET) tech, it will be possible and easy to trace goods via the whole channel to the producer, and soon, the ingredients or raw materials used. The shipping movement map of a product up to the point of sale can be seen with a simple chip scan.
VeChain (VET) Fan Puts His House Up For Sale
The hype of the VeChain (VET) chip comes at a time when a Rotterdam-based VeChain (VET) fan puts his home up for sale for over 31.5 million VET (approximately $470,853), and he is only accepting VET currency.
VeChain (VET) Price Today – VET / USD
At the time of writing, VeChain (VET) is trading at $0.0180 after an increase of about 7 percent over the past twenty-four hours. The digital currency currently has a market cap of $999.09 million and its trading volume over the past twenty-four hours is $45.31 million.