VeChain is a blockchain platform that implements distributed registries to reduce entry barriers, is compatible with smart contracts and is designed to improve the supply chain and accelerate the mass adoption of blockchain technology. Using the functions of meta transactions, the method of consensus with confirmation of authority (PoA), the management mechanism in the blockchain and a unique system with two tokens, the VeChainThor blockchain hopes to solve the problem of launching large-scale commercial decentralized applications (dApps).

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VeChain

VeThor token is a VIP-180 token, is the cost of using the VeChainThor blockchain and essentially represents the level of smart contracts on the network. Its main goal is to facilitate processes and transactions in the blockchain. VTHO is an integral part of VeChainThor's work.

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VeThor Token

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💡🔍 Our top takeaways from the DAO Webinar event earlier this week, hosted by @Osserv_Digital , the Blockchain and Web3 think tank of the Management School at Milan’s Polytechnic University.

#Vechain took part in the discussion about all things #Web3 organizational models. 

Introducing DAOs in enterprises enhances decision-making, transparency and collaboration, potentially cutting costs and boosting innovation. 

Stakeholders collectively review and vote on initiatives, streamlining processes and aligning efforts with the organization's vision. This decentralized approach enhances efficiency and effectiveness.

Are you moving toward decentralized governance? Want to know more about how DAO models can streamline your organization’s structure? 

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