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VeChain Foundation unveils supply chain tool, boon for small businesses?

Shahrain KM

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VeChain Foundation unveils supply chain tool, boon for small businesses?
Source: Pixabay

On 21st September, the VeChain Foundation organized a meet up in Paris. The gathering had keynote speeches from Kevin Feng, the COO of VeChain, Noah Huo, its CMO who handles PR and Marketing and Jérôme Grillères, the General Manager of VeChain in Europe.

Apart from keeping the attendees abreast of VeChain’s development so far, especially after the launch of the VeChain Thor Mainnet at the end of June, the meet up also addressed several projects that were in progress.

According to Noah Huo, the VeChain Foundation is currently building tools and creating documentation for developers such as ‘Snyc’. The Foundation is also working on building standardized enterprise solutions and infrastructure solutions such as the VeChain Wallet and the VeChain portal. VeChain also hopes to achieve a Business-to-Business effect through key partnerships.

Jérôme Grillères addressed an important tool that the Foundation has been closely working on. The blockchain solution tool is developed specifically for small time businesses for real use cases. He further added that the tool has not been advertised too much yet because it’s not ready to be launched into production. Additionally, the tool allows individuals and small-time businesses to design and build a simple supply chain just by clicking on a portal.

Through this supply chain, users can create a process and download scanning software that they can put on their Android devices. Grillères said that with just an Android phone, users can request VeChain for a few NFC chips which they are willing to ship to the users for free. He stated:

“I mention this because I use it very often when I meet with prospective clients or enterprises interested in understanding more about Vechain’s blockchain solution. Obviously, I use it each time I do a demo at conferences.”

The General Manager stated that with these NFC chips, businesses and other individuals can start paying with their own kits effectively having real use cases for it.

Jérôme believes that the supply chain is extremely powerful because small businesses can start using it to immediate effect once it has been released, but it would function as a demo kit for larger businesses.

A Redditor named Ohredditplease commented:

“If they can make it this easy for small businesses, it might explode.”

Another Redditor named Mizzymax said:

“I honestly can’t wait to mess around with this myself.”

Vmrey, a Reddit user added:

“This is great and will help small businesses adapt to the blockchain easily; without much hassle!”

Bburrito, another Reddit user stated:

“My concern is that most of my clients will probably have some issues that it is China-based infrastructure.”



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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

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