VeChain is a blockchain-based smart contract platform which mainly focuses on business applications related to supply chain management including quality control, inventory, and tracking.
Launching its mainnet in 2018, the project has been at the forefront of partnership development. VeChain became a portfolio company of PwC’s incubation programme and currently works on proofs of concept for some of the world largest car manufacturers, including Renault and BMW.
However, this success in partnership development had almost no effect on the token price, which followed the rest of the market, continuing its drift to new lows. The market downtrend reflected the overall low adoption in the blockchain space, and VeChain was not an exception.
Nevertheless, the project has already integrated some enterprises on its platform and currently works on pilots with many others. VeChain network is actively growing, which hints the increasing adoption.
With that said, the project has every chance to succeed, as long as VeChain team will transform its pilot projects into viable solutions for the enterprise world.Read full report
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Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
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