The VeChain Foundation development aims to build a “trust-free and distributed business ecosystem based on the blockchain technology self-circulated and expanding”. The organization desires to create an ecosystem of efficiency and trust-less supply chain logistics, it aims to help businesses and customers enhance their transparency. Their technology could significantly reduce the wasteful information transfer systems of today.

Some industries they are targeting include a multitude of product supply chain infrastructure. You could eliminate counterfeiting in the fashion and luxury by verifying their validity through blockchain item ID’s. A food safety tracking system could stop the cycle of defective produce. The digitization of the vehicle maintenance industry could bring clarity and efficiency to supply chain distribution.

Cardano

Cardano is a smart contract blockchain platform, the first one to evolve out of scientific philosophy. Unlike Ethereum or EOS, Cardano is trying to fix some of the platform issues that have been ongoing for years, such as scalability and democratized voting. Cardano focuses on protecting its users’ privacy rights while also taking into account the needs of regulators.
Cardano is the name of the platform, while ADA is the token used in the networks’ transactions. They are challenging Ethereum’s dominance in the smart contract world by developing their own programing language similar to Ethereum, but they are focusing more heavily on being interoperable between other cryptocurrencies. They focus on transparent, open-source software development. Cardano’s multi layer platform solved blockchains’ scalability, interoperability and sustainability problems.

Ripple (XRP)

Ripple’s software enables banks to use a cross-border payments service while lowering their total cost of settlement. Ripple uses XPR, their token, to make cross border payments, typically taking 3-5 days to settle. Ripple’s goal is to make these transactions fast, secure and cheap for institutions. Ripple is a company that is aiming to improve the speed of financial transaction for banks and payment providers across international borders.

The company is currently comprised of over 150 people, making it the biggest cryptoc