VeChainGuide December .pdf
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Introducing VeChain (Updated)
Undervalued, understated technology solving real-world problems
SharkCIA have been vocal supporters of VeChain since it came to our attention back in September 2017,
with a buy recommendation issued to our group at $0.12 and a second opportunity presented in early
November - much has changed since then, but we don’t believe it’s anywhere near finished.
Updated 14th December 2017
What are the use-cases?
$0.67 / 4035 satoshi (BTC Price $16,500)
Anti-counterfeiting in Luxury Goods
First recommended 29th September at $0.12 (ROI 558%)
Second opportunity: 11th November at $0.18 (ROI 372%)
Having issued two separate buy recommendations, each
yielding significant returns, we’re revisiting this document to
provide both an introduction to first-time investors to VeChain,
and why we think it’s not done yet.
We’ll cover all of the relevant news and partnerships since
mid-November 2017 including the Apotheosis and further
What is VeChain?
In cooperation with one of the prestigious luxury brands
in Europe, VeChain embedded its specially designed anticounterfeiting NFC chips into the products and realized anticounterfeiting, product tracing and lifecycle management with
the blockchain technology. Consumers can learn the unique
“story” behind the product by simply scanning the embedded
chip with the mobile application.
Food / Drugs
VeChain digitalizes the track records of food/drugs from its
origin and every steps following that till it reaches the consumer.
This enables the tracking of the food/drugs throughout its
lifecycle and enhances the monitoring over it, which in turn
boosts consumer’s trust in the food/drug safety.
First time potential investors might want to know a little more
about the project. Paraphrasing VeChain’s own website:
VeChain strives to build a trust-free and distributed business
ecosystem based on the blockchain technology self-circulated
and expanding, they are one of the earliest blockchain
technology companies in the world, demonstrating proven
blockchain implementation experiences in industries such as
luxury goods, liquor and agriculture.
VeChain provides the solution of blockchain enabled cloud
services in combination with IoT technology specially designed
for the green organic agriculture industry. It aims to provide
precise data to enhance the quantity and quality of the crops, by
this way it will minimize the negative impact to the environment
and significantly increase the value of the quality inspection of
Global Assurance Provider DNV GL
As significant progress has been made towards milestones originally
posted on their roadmap, the time had come to start discussing the
move from an ERC20 token to their own blockchain, and with this,
huge interest and development in the project was the catalyst for
what VeChain call The Apotheosis.
With over 86,000 enterprise customers in
100 countries, and 15,000 employees across
350 offices, DNV GL are understood to be
working on a number of proof of concept and
live implementations with VeChain.
The Apotheosis outlines VeChains proposed governance model,
introduces their steering committee and presents the concept of
Masternodes in more detail specific to VeChain for the first time. As
part of this process, they will present their Economic Model and begin
Most recently announced, a global convenience store franchise with
over 24,000 locations; including Japan, China, America, Taiwan, South
Korea, Thailand, Philippines, Indonesia and Vietnam.
For VeChain, this represents one of the most anticipated pieces of
news for investors. Masternodes are nodes within cryptocurrency
networks that fulfill a specific function beyond simply relaying
Since Masternodes fulfill special functions for a cryptocurrencies
network but do cost money and effort to operate, they are incentivized
by gaining a share of rewards or fees in their respective cryptocurrency.
This makes masternodes a way to earn a passive income on
cryptocurrencies without having to run expensive mining equipment.
VeChain will operate two types of node - Authority Nodes and
Economic Nodes. The Authority nodes, known as Thrudheim Nodes,
will be limited in number and subject to a strict vetting process for
operators, to ensure node operators have a legitimate long-term
interest in supporting the VeChain ecosystem.
Real-world VeChain Projects
This information has been collated from numerous sources.
Some of these partnerships are simply proof of concepts, and
as such, subject to further clarification.
French car manufacturer Renault and
software giant Microsoft:
VeChain, the world’s leading blockchainenabled product management platform,
who recently announced a collaboration with
Groupe Renault to provide the manufacturer
with a digital car maintenance book has today revealed that
blockchain technology is also capable of stopping the practice of “car
clocking”. VeChain worked with VISEO and Microsoft on this proof of
concept for a ‘Digital Passport’ for their vehicles.
VeChain are working with DNV GL to deliver a cold-chain logistics
assurance service where each customer can quickly check the logistics
information for the fresh products, from the food factory, through coldchain logistics provider, cold storage in the store, and ultimately on the
shelf to sell.
This leverages VeChain’s own advanced IoT devices to monitor, record
and upload temperature, humidity and location data to VeChain Thor
Blockchain on a real-time basis.
Direct Imported Goods (Shanghai) - DIG
In a project, sponsored in part by the
Shanghai Local Government, VeChain
partnered with D.I.G and PwC to deliver
a blockchain platform to combat
counterfeiting and improve product safety.
“The blockchain wine tracking and
authentication service platform monitors
every bottle of wine throughout each step in its production process. It
tracks the logistics of the products from manufacturing, transportation,
importing and distribution.”
The Power of Partnerships
VeChain CEO Sunny Lu was previously CIO of Louis Vuitton
China. Louis Vuitton is part of the Louis Vuitton Moët Hennessy
group, of which Givenchy is also a part of. Whilst not formally
announced, it’s widely understood that Givenchy will be
announcing a partnership with VeChain in the coming months.
It would not be unreasonable to speculate on further projects
leveraging connections to LVMH as a number of luxury brands
within their portfolio fit - these include Louis Vuitton, Dior,
Bulgari and TAG Heuer, alongside Wine/Champagne brands
including Moët & Chandon,Veuve Clicquot and Dom Pérignon.
VeChain is currently listed on Binance, HitBTC, Liqui.io, Kucoin and EtherDelta, with at least one further
exchange expected in December 2017.