VeChain enterprise blockchain

VeChain is a public Layer 1 blockchain built for enterprises and focused on supply chain transparency and scalable dApps. It uses a Proof of Authority consensus model in which a limited set of vetted validators known as authority masternodes secure the network. Those masternodes must stake a large amount of the native token and undergo identity verification to gain authority. The project separates economic value from network energy with a two-token model. One token stores and transfers value and grants holders the right to generate the energy token. The other token is consumed to pay for transactions and smart contract execution. Holders earn energy tokens passively and the network can adjust issuance to keep fees stable. VeChain also implements meta-transaction features such as fee delegation, transaction lifecycle controls, multi-task clauses, and transaction dependencies to simplify enterprise workflows. These tools let third parties pay fees, let transactions expire if not processed in time, bundle multiple actions into a single transaction, and gate execution on related events. On the physical side, the blockchain links records to real-world identifiers like NFC chips, RFID tags, QR codes, and sensors so product data can be recorded at each step and viewed by authorized parties in real time. This combination yields immutable traceability and practical visibility for provenance, authenticity checks, regulatory reporting, warranty tracking, and asset digitization. The reputation-based validator set gives the chain fast consensus and high throughput which supports complex commercial dApps. However, the same architecture raises concerns about centralization because a small number of validators hold outsized control over consensus. The requirement for identity verification and large stakes limits anonymity and shifts the design toward regulated enterprise use cases. That trade-off also brings accountability, which appeals to organizations that need legal recourse and clear governance. The platform supports token issuance, enabling companies to create fungible and non-fungible tokens and to run tokenized business processes without heavy coding. Overall, VeChain presents a purpose-built Layer 1 option that prioritizes speed, cost stability, and real-time data accessibility while balancing the decentralization trade-offs inherent to a Proof of Authority system.