2018-6-30 17:46 |
In short, founded by former CIO of Louis Vuitton China, Sunny Lu, VeChain hopes to be the first to put “real business” applications on a public blockchain.
For the execution of more exotic blockchain features like smart contracts and decentralized applications, Lu argues this is a problem.
It also means a higher cost to use the blockchain, and that means no one will use it anymore if the cost is too high.”
VeChain boasts partnerships with automobile manufacturers BMW and Groupe Renault, and global quality assurance and risk management company DNV GL.
This is what Lu calls “the centralized part,” which is the seven seat governing body of the VeChain foundation and its blockchain.
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