- Sebastian highlights research that recognizes the potential of Vechin to bring more transparency to supply chain management.
- In a previous report, Sustain Sustain pointed out Vechain as an important player in promoting waste recycling transparency through blockchain.
Released in 2015 and started live entirely on its mainnet by 2018, Vechain is a blockchain project built with real business needs in mind. Unlike many crypto platforms that focus solely on finance and speculation, Vechain is zero in practical solutions, especially in supply chain management where tracking, transparency and trust are key.
Sebastian. Vet, VETHAN’s ambassador, shared on X about his academic report titled “Blockchain-enabled autonomous supply chain management: a multi-agent reinforcement learning approach with dynamic smart contract optimization.”
Real-world verification
This paper begins by pointing out the reality that many companies face today. Modern supply chains are under pressure from increasing demand for global volatility, fragmented operations, transparency, sustainability, and faster response times. To tackle these challenges, the report highlights how blockchain, artificial intelligence (particularly reinforcement learning), and smart contracts can work together to restructure how they manage their supply chain.
The author states, “Promoting verifiable traceability of goods and transactions by providing tamper-proof, distributed ledgers across a globally distributed supply chain network.” With real-world examples like IBM Food Trust and Vechain, it is evidence of the blockchain’s ability to increase accountability for logistics systems.
One limitation highlighted in current blockchain-based supply chain systems is their reliance on static smart contracts. These contracts are effective in automating transactions and enforcing rules without intermediaries, but they have a drawback: rigidity.
Once encoded, the terms of smart contracts rarely explain the unpredictable nature of the global supply chain. Unable to adjust in real time means that businesses still have contracts that do not reflect operational reality, often creating inefficiencies and disputes rather than resolving them.
As a result, many organizations struggle to lock the blockchain possibilities in supply chain management completely and completely.
Meanwhile, VeChain continues to stand out. Previously, academic research into blockchain-enabled ESG reporting in US financial markets highlighted Vechain’s approach. The report praised the Evidence of Authority (POA) model as a practical example of how blockchain can support growing demand for sustainable fiscal years.
Vechain August Summary
Beyond the academic spotlight, VeChain has had a massive month in terms of adoption and ecosystem growth. Things started with big news: Franklin Templeton, a global asset manager under $1.7 trillion management, has brought the Benji platform to Vechain. This means that the US Treasury Department, worth more than $800 million, has been tokenized and is now part of the ecosystem.
He also emphasized that Hayabusa’s votes have been made public. The response was quick, reaching a quorum in just 5 hours. The July Stargate launch has already paid off. Within less than three months, more than 5 billion veterinarians have soaked up the platform, generating 43.8 million VTHO rewards for uncompromising NFT node holders.
Vechain’s “super app” Veworld has already surpassed 4 million downloads and continues to add features like Fiat On-Ramps, Vebetter Apps, Stargate Staking and more. At the same time, Vebetterdao overtook 4 million users and recorded the sustainability of nearly 28 million chains.
Still, that native token veterinarian doesn’t reflect the same growth. It trades at around $0.025, which is nearly 90% below the all-time high of $0.27. Still, today we saw a modest 4% uplift, showing signs of life as the ecosystem continues to build.