VeChain products penetrate in to different areas of business ranging from supply chain management through sustainability. The solutions offered by VeChain provide for sustainability, transparency, smart solutions.
Luxury brands face numerous losses caused by the counterfeiting problems. Statistics show that for online channels alone, there are about $30.3 billion worth of sales losses.
VeChain is playing an important role in the era of Digital Economy. This is also the time when Luxury brands are getting hit by counterfeit products. With the rapid proliferation of counterfeit goods brands are not able to monitor and manage all their marketing channels. When counterfeit products eat into the brand identity, luxury brands are having to deal with the losses which is caused by over production.
Sustainability has been a key issue on top executives’ minds around the world. Sustainable development and decarbonization will be the key issues facing every company. Getting it right establishes trust in the brand and maintains long-term value and competitive advantages.
With policies and regulations being imposed on different companies, they are having to deal with compliance solutions that provide for carbon management solutions. This is particularly so and very important for companies and industries that consume high energy and the subsequent carbon emission. There is a lot of struggle for regulators and policy makers with regards to data fraud related to carbon emission. VeChain products helps crack through and deal with the problem of data fraud in carbon emissions.
All stakeholders, including governments, consumers, NGOs, require more supply chain transparency from companies than ever. Companies facing need a better solution to identify and manage the whole supply chain. Blockchain is one of cornerstones for businesses to do the digitization and secure trust as the fundamental and it is a perfect tool to bring transparency to supply chain. Vechain exactly facilitates that.
The solution supports building agricultural big data management platforms based on the blockchain technology. The platform could integrate all types of key data related to different processes of the agricultural sector to achieve agricultural resource monitoring, quality, and safety traceability. Governments can gain oversight of details from across the supply chain, enterprises can manage their entirety of their product ranges, and consumers can gain an overview of product and company profiles. With this solution, it will help to realize smart agriculture and rural brand revitalization.
Agriculture is resource and time intensive and there is a need for integrity of agricultural data to innovate improved and efficient production techniques. VeChain provides related technology and tool.
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