If you have been observing the crypto market for the last few days, then you have noticed that the crypto hype is dying. That’s why when platforms like Ripple (XRP) announce major deals, you don’t see any major market changes anymore. So what’s the future? Well, the future lies in analyzing coins from a fundamental perspective, then investing based on a coin’s intrinsic value. Using this approach, one of the best coins to invest in right now is Vechain (VEN).
Vechain just has so much going for it that it is hard not to notice its growing intrinsic value. Take the recent BMW deal as an example. This deal will see Vechain help BMW eliminate child labor in its supply chain. Given that child labor is one of the biggest problems that major corporations have been dealing with for some time now, it is not hard to see why this deal is a major breakthrough for Vechain. It is also an opening for other major corporations to make use of Vechain foe the same reasons. Think companies like Nike and their issues of sweatshops in third world countries.
But it’s not just manufacturing companies that are adopting Vechain. The scope of Vechain is also extending into the wine industry. Vechain just launched an application called ‘my story’ that is being adopted by Italian wine makers. Through the ‘my story’ application, the wine companies will be able to increase the verifiability of their product quality in the eyes of consumers. It will also eliminate the problem of counterfeits, a problem that the wine industry has been dealing with for some time now. The wine makers will do this by displaying the ‘my story’ label on their bottles, allowing consumers to easily verify the source and quality measures of the product they are taking.
Vechain is also making in-roads into the shipping insurance industry. Just yesterday, Vechain entered into a partnership with YunKeAn a supply chain risk management company. Through this deal, Vechain will use its IoT technologies to ensure better risk management in the shipping industry. Considering that risk management in the shipping industry is a $50 billion industry, it becomes clear that Vechain is not just another crypto.
But these are not the only industries that Vechain is helping make better, the platform is also making in-roads into finance and accounting. Vechain already has a partnership with global accounting firm PriceWaterHouseCoopers.
Clearly, one can argue that Vechain is the blockchain platform that is about to change the world as we know it. It is offering solutions that the corporate world has been grappling with for years, and as it continues to resolve them, you can bet that its value will grow.
In fact, at its current price of under $5, Vechain (VEN) is way undervalued. A shrewd investor would be looking to buy up Vechain before it shoots up, because it will. The use-case is just too astronomical for Vechain not to explode in value in the long-run. 2018 could be the year when Vechain breaks above $15, and that’s just the beginning.