Vechain was born on June 2015, and describes itself as 'a pioneer of real-world applications using public blockchain technology. VeChain is an enterprise-focused blockchain ecosystem with the goal of enhancing supply chain management by connecting their blockchain tech through 'a comprehensive governance structure, a robust economic model, and advanced IoT integration'. This allows manufacturers to assign products with unique identifiers on the Vechain platform, allowing participants to track the movement of products in a supply chain.