VeChain ()

VeChain aims to harness the blockchain to help businesses with supply chain management by streamlining the process. By using blockchain technology VeChain can reduce the costs whilst increasing the transparency and traceability of supply chain management. Rather than use proof-of-work or proof-of-stake to achieve this, VeChain uses a proof-of-authority algotyhm which increases scalability and privacy. Since launch VeChain has partnered with many companies including BMW Group and fashion store H&M.