How VeChain Creates Secure Business Environment?

How VeChain Creates Secure Business Environment?

Assessment

Interactive Video

Business

University

Hard

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VeChain, founded in 2015, aims to create a trust-free, distributed business platform to enhance supply chain transparency and efficiency. The VeChain Thor Network, launched in 2018, integrates smart contracts and IoT solutions to connect blockchain with real-world applications. Technologies like RFID, NFC, and QR codes enable product tracking, ensuring quality and authenticity. VeChain's dual currency system, VET and Thor Power, supports transactions and governance, maintaining stable token prices. The platform is designed for mass adoption, benefiting businesses and consumers by enhancing trust and reducing counterfeits.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of VE Chain as mentioned in the video?

To replace traditional banking systems

To create a new cryptocurrency

To develop a social media network

To build a trust-free and distributed business platform

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two main functions does the VE Chain Thor network combine?

Social networking and messaging

Smart contracts and IoT

Cryptocurrency mining and trading

Video streaming and gaming

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do RFID tags and QR codes contribute to VE Chain's supply chain solution?

They offer discounts on products

They track product location and status

They provide entertainment content

They connect to social media platforms

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the dual currency system in the VE Chain ecosystem?

To increase the price of VET tokens

To stabilize the token price and reward validators

To create a new form of digital art

To support online gaming transactions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the transaction capacity of the VE Chain network?

100 transactions per second

100,000 transactions per second

1,000 transactions per second

10,000 transactions per second