DLT

We usually get puzzled and confused looks from newcomers to the cryptosphere when we talk about a centralized party looking into "Blockchain Technology." Or when a consortium of banks tries to find the best solutions using blockchain to stay in the game. Assuming most newcomers count bitcoin as their gateway to cryptocurrencies, they are exposed to a lot of fancies and disruptive words like "decentralized," "open-source," "trustless," etc. The people who stay are swayed away by the hopes and dreams,…

The VeChain Thor (VET) is a public blockchain designed with one aim: to enhance supply chain management and streamline business processes and information flow for complex supply chains through distributed ledger technology (DTL). How does VeChain work? VeChain involves assigning a product a unique ID and fitting it with a VeChain smart chip tracker, such as an NFC chip or RFID tracker, allowing the details of any product to be collected, stored, and quickly reviewed. This crypto-space solution will enable businesses…

There is excellent market confusion about the distinction between different terminologies that keep floating around. Most people, some calling themselves seasoned professionals, cannot tell apart Bitcoin and Ethereum or the difference between a Blockchain and a cryptocurrency. Some even go to lengths to propose solutions for projections that do not even have problems. Let us hope the distinction between each is soon cleared. But, unfortunately, all the false promises and ill-informed market "experts" can divert their focus toward better understanding…