- VeChain, supported by PwC and DNV GL, improves the supply chain with transparency and automation through smart contracts.
- IOTA introduces Tangle, eliminating miners for fast and efficient transactions, ideal for the Internet of Things and asset tracking.
In the competitive world of distributed log technologies (DLT), VeChain stands out as a pioneering solution for supply chain challenges, supported by giants such as PwC and DNV GL.
Its blockchain, designed specifically for this sector, promises to improve transparency and traceability, while its smart contracts seek to automate and optimize processes. This approach has attracted major corporations, especially in China, where it has forged significant partnerships with the likes of BMW and LVMH.
However, VeChain faces challenges, such as its centralized nature and reliance on a consortium of validators, which could limit innovation and access. In addition, its use of Ethereum raises environmental questions due to high energy consumption.
On the other hand,IOTA offers a different approach with its Tangle technology, eliminating the need for miners and facilitating a network of interconnected devices to validate transactions.
This positions IOTA as a fast, scalable and energy-efficient solution, ideal for the Internet of Things (IoT) and automatic asset tracking.
Despite its advantages, IOTA has yet to overcome obstacles, such as its developing ecosystem and lack of established partnerships, which raise doubts about its practical applicability. Inaddition, Tangle’s security, while promising, has not been fully tested in enterprise environments.
The future of supply chains seems to be heading towards an environment where diverse DLT technologies coexist, meeting specific needs. VeChain and IOTA, with their distinct propositions, are leading this transformation, promising a future where the global supply chain benefits from greater efficiency, transparency and sustainability.
Both platforms continue to evolve, suggesting that collaboration or hybrid solutions that combine the best of both worlds could be the end result. This dynamic coexistence promises to free the supply chain from past inefficiencies, ushering in an era characterized by efficiency and environmental sustainability.
