VeChain is a blockchain platform designed to enhance supply chain management, business processes and transactions between IoT connected devices.

Supply chain management is the practice of coordinating the various activities necessary to produce and deliver goods and services to a business's customers. Blockchain allows the exchange of information to be greatly simplified and allows processes to be designed more quickly and securely. The technology therefore offers enormous potential, particularly for the optimization of supply chains. One specific example is the tracing of products with a supply chain.

The Internet of Things (IoT) describes as system of smart devices like Smartphones, activity tracker (like Fitbit), voice assistants (like Siri or Alexa), cars (like Tesla) and many more "things" that communicate with each other without requiring human interaction.