VeChain's blockchain technology is recognized for its ability to address data security, vendor lock-in, and trust issues in cloud computing, according to a recent JPMorgan study.
VeChain's Proof-of-Authority consensus is highlighted as a low-energy, high-efficiency solution suitable for enterprise adoption.
The study emphasizes VeChain's success in modernizing cloud computing by providing end-to-end visibility in supply chains, offering traceability, transparency, and data immutability.
Although acknowledging challenges like scalability and performance limitations in blockchain architecture, the study praises VeChain for utilizing Proof-of-Authority consensus, positioning it as a practical solution for real-world enterprise use.