VeChain Unveil their 114 page long Development Plan and Whitepaper

VeChain just Released their long-awaited Development Plan and Whitepaper which gives a detailed description of their Governance structure, economic model and the use cases they are aiming to solve.

Unlike many projects, VeChain did not release the final version of its whitepaper instead they released a development plan back in 2017 during the ICO in which the first page mentioned that it is not a Whitepaper.

Vision of VeChain 

The vision of VeChain and the VeChainThor Blockchain is to build a trust-free and
distributed business ecosystem platform to enable transparent information flow,
efficient collaboration, and high-speed value transfers.

The Contents of the whitepaper include:

• Background
• Governance Model and Design
• Economic Model and Design
• VeChainThor Core
• Architecture and Applications Development
• Use Cases and Applications
• VeChain Foundation Economy
• Introduction of the Team and Team Members

Their use cases include:

1. Fashion and Luxury
2. Food Safety
3. Automobiles
4. Supply Chain
5. The Agricultural Industry
6. Government Affairs

The current partnerships of VeChain include:

• BMW – Automobile solutions
• Logsafer – for logistic solutions
• PwC, China Unicom and Liaoning Academy of Agricultural Sciences to develop a blockchain cloud project exclusively for the verification of the green organic agriculture
• Administrative Examination and Approval Bureau of Gui’an New Area, China to provide a blockchain based information system
• DNV GL – blockchain based digital assurance solution for the food and beverage industry
• D.I.G – for liquor tracking
• Shanghai eGrid Consulting Co., LTD – Automobile solutions
• and others

They also mention in their Whitepaper:

Growth of the VeChain Foundation. This includes headcount increasing to between 100 and 150 for both technical and business development, and business growth of 20 billion USD as “VeChain GDP” running on VeChainThor Blockchain.

The first ICO on the VeChain Thor platform was announced recently.

VeChain Tweeted:

Crypto_Ed_NL Tweeted:

Source: VeChain

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