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1/ #VeChainThor primer: #VeChain vs private chains
One story I keep hearing over and over again is how companies can just use a private chain instead of VeChain and not use a token. This thread will attempt to dissect this narrative
One story I keep hearing over and over again is how companies can just use a private chain instead of VeChain and not use a token. This thread will attempt to dissect this narrative
2/ first up, just because a private chain has no crypto token doesn’t mean it’s free to use. There are ALWAYS expenses involved while using commercial solutions and the customer pays for them one way or the other. Let’s examine some of the costs involved in a private chain
3/ The chain itself may be free, but it’s only a base layer. To implement it for your workplace, the company behind will charge a one time cost plus an SLA for maintenance. Next you need to set up the nodes. Hardware, networking, peripherals...
Or just use the cloud instead?
Or just use the cloud instead?
4/ Ok, you decide to host your nodes on AWS/ Azure etc. now you have two service providers and contracts to deal with. For the chain and for the IaaS provider.
Ok, now the chain is set up, but there’s no GUI for you to interact with.
Ok, now the chain is set up, but there’s no GUI for you to interact with.
5/ No problem,the chain provider will develop a custom GUI for a fee.
How can I make the chain connect to my ERP? Again,the chain provider will build the interface for a fee! RFID/ NFC/ QR end points?They‘ll refer you to their partner who needs another contract to set it all up!
How can I make the chain connect to my ERP? Again,the chain provider will build the interface for a fee! RFID/ NFC/ QR end points?They‘ll refer you to their partner who needs another contract to set it all up!
6/ Want custom features such as attaching PDFs? Again, for a fee plus per usage costs.Need an app for the end user?Again, developed for a fee. Monitoring the nodes and their health? Another fee.Need an assurance layer on top? Train your auditor to use your custom implementation
7/ Several contracts, bags of money and months later, you have something that’s not immutable and needs more upkeep than an RDBMS.
Or, you could sign up for #ToolChain, use Blockchain as a Service, and be up and running in weeks, not months.
Or, you could sign up for #ToolChain, use Blockchain as a Service, and be up and running in weeks, not months.
8/ If you’re wondering why more and more customers are flocking to @vechainofficial , this is why.
#VET #VTHO
#VET #VTHO
To know how VeChain shields their customers from crypto price volatility, read this thread https://twitter.com/bredgarlichouse/status/1269901204244529152
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