VeChain (VET) Unveils Tech Roadmap of Notable Projects for 2023 and 2024

The team behind VeChain (VET), the leading enterprise blockchain platform, has released a tech roadmap for 2023 and the first quarter of 2024.

In an announcement on Twitter, VeChain Foundation said that the developers of the blockchain project plan to spend the first half on working on a carbon footprint explorer, a wallet browser extension and an Ethereum token bridge, and other notable projects.

In the second half of 2023, they plan to focus on implementing a VeChain naming system, an asset lending platform, a multichain generic data bridge, as well as oracles and smart city ecosystems, in addition to various other features.

In the first quarter of 2024, the team plans to work on several projects, including decentralized file storage, layer-2 rollups, smart contract security analysis tools, algorithmic token-backed stablecoins, decentralized autonomous organization (DAO) governance wizards, together with a DAO operating system and a DAO ecosystem smart contract library.

VeChain Foundation tweeted, “Antonio & the VeChain Foundation dev team have a full roadmap for 2023/2024! We’re enabling seamless mass adoption for web2 businesses/devs looking to adopt web3 and building the base of real-world/sustainability dApps. Alongside #VeFam, we build the future.”

VeChain is designed to help companies optimize their supply chains. It offers a list of services to improve product lifecycle management and data certification. Smart contracts on VeChain move value through VET transactions.

At the time of filing this report, VET is trading at $0.02149 and occupying the 36th position in terms of market valuation, according to CoinMarketCap. In terms of price, it has gained 1.27% in the last 24 hours and 21% in the last seven days.

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Solomon Odunayo

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