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VeChain (VET) is a blockchain platform designed to enhance supply chain and business processes through the use of distributed ledger technology. It enables companies to track products and their authenticity, streamline operations, and improve transparency across various industries.
The Blockchain Foundation for Innovation & Collaboration (BFIC) is a cryptocurrency designed to foster collaboration and innovation within the blockchain ecosystem. It serves as a medium of exchange for projects and initiatives that aim to improve blockchain technologies and promote their adoption across industries.