VeChain Foundation has announced the VeChain rebranding event that will occur on February 26th in Singapore.
The re-branding is rumored to include, but not limited to, changing the name of the VeChain tokens to VeChain Thor tokens operating on the Thor blockchain. The coins will have the symbol VET and will involve a conversion of the current VEN tokens to VET in a ratio of 1:1.
This is more than a change in logo or name. What VeChain Thor is becoming is more extensive than what many foresaw when we announced a rebrand. Blockchain X is here, and thanks to PwC and DNV GL, its name is VeChain Thor.
In the middle of January DNV GL and VeChain have agreed on a partnership to use blockchain to improve the transparency of product and supplier information, significantly increasing the efficiency of supply chains.
DNV GL is a global provider of assurance services and one of the world’s leading certification bodies, assisting companies in a range of industries to improve their business performance. DNV GL will progressively adopt blockchain to help companies boost the transparency and traceability of their products from the factory to the consumer.
Our editorial board is working to provide best experience to our readers, and let them get the important details even before the event occurs.
We managed to talk to the Chief Marketing Officer of VeChain project and receive some comments regarding the upcoming event!
VeChain is rebranding to VeChain Thor, a public blockchain platform that mainly focuses on massive enterprise adoptions and dApp/ICO capabilities. VeChain Thor utilizes a robust economic model and comprehensive governance structure that distributes power across the eco-system keeping the power in the hands of the users alongside the enterprises. The use of THOR, as a generating return on VET, enables the use of massive enterprise adoption as it doesn’t widely fluctuate in value or versatility.
Stay tuned and watch the livestream which will be available for the whole event!