VeChain, one of the newest Blockchain-as-a-Service offerings, is backed by the VeChain Foundation, a non-profit based in Singapore founded in 2017. VeChain’s founder, Sunny Lu, previously worked at Louis Vuitton, and has experienced the hassle of leading an organization trying to combat counterfeit luxury goods. Originally focused on supply chain management with RFID chips tied to the blockchain, VeChain has grown to become a general distributed application blockchain targeting Enterprise customers, and is already working in industries such as luxury goods and pharmaceuticals.
VeChain started as a fork of Ethereum, which means that developers who have used Solidity, Ethereum’s Smart Contract language, will be able to easily make the shift to VeChain. The VeChain foundation now has over 40 developers working to improve and extend its code base, and make VeChain the “Ethereum for the real world”.
