VeChain Thor – The VeChain Foundation announced an hour ago that the VeChain Thor public test net is now available on Github.
The #VeChainThor[1] Public Testnet is now available.
Please visit our Github https://t.co/wooHV864YO[2]
to see the available source code.
— VeChain Foundation (@vechainofficial) June 8, 2018[3]
VeChain announced[4] its rebranding and project’s new direction back in late-February of this year. During the time of rebranding, the project prematurely announced its partnership with BMW.
VeChain is one of the oldest blockchain projects in the crypto space. It launched back in 2015 in Singapore. VeChain is a decentralized smart contracts platform that is centered around improving supply chain management. Their project has found application in luxury items, agriculture, and winemaking.
VeChain Thor is a full-scale upgrade to the VeChain platform, utilizing the same features from before, but shifting towards becoming an ecosystem similar to Ethereum. The updated, robust whitepaper seeks to tackle IoT, blockchain governance, supply chain logistics, cars, blockchain IDs and more.
The updated VeChain Whitepaper states[5]:
“After a comprehensive study of existing public blockchain platforms (including Ethereum) and countless discussions and debates with multiple business partners, we identified reasons in which enterprise and large consumer-focused applications are not yet on blockchain. The largest identified hurdles are NOT about the technology but instead are related to other critical aspects of the blockchain’s operational design. We’ve identified four key hurdles to enterprise adoption of blockchain.”
The four key hurdles VeChain believes is holding back the enterprise adoption of blockchain technology include:
- A proper governance model
- The current economic model of current public blockchains
- Proper
