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VeChainis an enterprise-focused blockchain ecosystem that aims to enhance supply chainmanagement by connecting blockchain technology with the real world through 'acomprehensive governance structure, a robust economic model, and advanced IoTintegration'. VeChain enables manufacturers to assign products with uniqueidentifiers on the platform, thereby allowing participants to track themovement and provenance of products in a supply chain.

Startedin June 2015, VeChain describes itself as 'a pioneer of real-world applicationsusing public blockchain technology, with international operations in Singapore,Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco'.