VeChain believes that blockchain technology is one of the foundations for the next generation of information technology, alongside emerging technologies such as AR, VR, AI, IoT, 5G and more. With the technology’s immutable and tamper-proof characteristics, blockchain, as an infrastructural technology, is uniquely positioned to enable unprecedented value and data-transfer among a wide set of users in a trust-less manner, boosting the efficiency and authenticity of information transfer itself.
VeChain’s vision of lowering the barrier and enabling established business with blockchain technology to create value and solve real world economic problems has been clear to them from the very beginning.
To achieve and fully harness this technology that will enable mass public adoption, they have identified the three major phases of blockchain evolvement – Technical Consensus, Business Consensus, and Governance Consensus. These phases will be the foundation and strategy to enable the VeChainThor blockchain to be adopted as the world’s premier choice of blockchain.