VeChain is a blockchain-based platform that aims to improve the supply chain management of companies and organizations. It has partnered with BMW, Royal Melbourne Institute of Technology, Oxford University, PwC, Walmart China and Deadstock (a custom sneaker and Hi-Tech Streetwear marketplace). The VeChain platform can be used to track the quality, authenticity, storage temperature, transportation medium, and last-mile delivery of any product right from the manufacturing facility, up to the final delivery, and lastly, to the end customer, enhancing the processes of any business, along with its supply chain management. As a result, it can help improve the efficiency, transparency, and traceability of supply chains giving both consumers and retailers the ability to ascertain the authenticity of every product being bought. It is extremely important to note that at the top of VeChain is Sunny Lu, who once worked for Louis Vuitton China and built massive IT and cyber-security infrastructure. With false and copycat products costing millions of dollars to the luxury business and alike every year, Vechain provides a technologically advanced, solid and modern solution to the problem, creating around itself a gigantic potential market that will only expand with the rising acceptance of crypto in the bigger business.
My proposals is to buy 1 ETH worth of VeChain at the next dip (around 0,052 $), start a trailing stop at around 0,011 $ and let it fly since in the next four years VeChain prices could trade up to $5.
Risk: medium
Time frame: medium-long