The VeChainThor is a Public Blockchain, conceptualized in 2015 by Sunny Lu and launched in 2016. It is designed for mass adoption of blockchain technology by enterprise users for enhancing Supply Chain visibility, carbon credits and anticounterfeiting services.

It offers digitally verifiable provenance to Supply Chains. It hosts VeChain ecosystem that uses physical tracking devices to track every stage in Supply chain. Powered by VeChain (VET) token and VeThor tokens (VTHO), VET is used for storage and transfer of value and VTHO is used as an energy token (gas) to pay for transactions on the network.