As the cryptocurrency market begins to mature, many people are kicking themselves for not having invested in Bitcoin when they first heard about it years ago. New investors are determined not to make the same mistake, and are on the lookout for the “next bitcoin.” But with so many thousands of cryptocurrencies, and new ones popping up every day, finding the next bitcoin is like finding a needle in a haystack.

Well, look no further than VeChain (soon to be rebranded to VeChain THOR).

What is VeChain?

VeChain is a coin that is targeted towards businesses to help them with their supply chain logistics.

It will allow businesses to track exactly where in the supply chain their products are, as well as adhere to strict quality control and governance measures. This will be revolutionary for a lot of different industries that have a long and complex supply chain.

Take, for example, the food and beverage industry where maintaining health standards is absolutely vital. Since the blockchain is immutable, if at a certain point in the supply chain something was mishandled, for instance, a food item was not kept at the correct temperature or was left out for too long; it would be clear for everyone to see.

Another major function of VeChain is that it cleverly combats the issue of counterfeit goods, as every product will be accounted for from start to finish.

Consumers will be able to simply scan an item to make sure that it is authentic before purchasing. This is a major problem for a lot of luxury goods, for instance, handbags, clothes, wines, medicine, etc.

The video below shows exactly how this will work.

VeChain partnerships

Not only is VeChain’s technology great, but it has also landed some huge partnerships with well-known companies.

VeChain has already secured deals with BMW, Pricewater Cooper (PwC), Bvlgari, and even the Chinese national government - do you have any clue how big that is?!

It is also worth mentioning that VeChain is one of the few cryptocurrencies that Tim Draper has invested in. Draper is a huge believer in blockchain technology and in particular, Bitcoin.

He is well-known for being a very savvy venture capitalist, and was an early investor in many extremely successful companies today — such as, Skype and Tesla. To have someone as influential as Draper behind this project certainly says a lot about the project and the coin.

VeChain Masternodes

Another great thing about VeChain is that with 10,000 VEN (soon to be called VET) you can have a masternode. For those who are unfamiliar, a masternode requires you to keep a certain number of coins in a specified wallet. These coins generate Thor Power, which will produce another coin called THOR, that will run the network. Depending on how many coins you have, you will receive a daily amount of THOR which you can then sell on an exchange for passive income.

It is as close as you would come to getting dividends as you do in traditional stocks, which makes VeChain a very appealing investment for many people.

With all these things going for the coin, the future is very bright for VeChain. It is only a matter of time until the next alt cycle comes around and this coin is poised to boom. This is something you don’t want to sleep on. Sitting at just $2.50 at the time of writing, it is a major steal, and one of the most undervalued coins on the market today.