Team Behind VeChain Reveals New Roadmap for 2023 and 2024 As VET Bounces

The team behind the enterprise smart contract blockchain platform VeChain (VET) has unveiled a tech roadmap for 2023 and 2024.

In a new announcement, the VeChain Foundation says the project’s developers plan to spend the first half of the year at work on a carbon footprint explorer, a wallet browser extension and an Ethereum (ETH) token bridge, among other projects.

In the second half of 2023, they plan to turn their attention to 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, VeChain’s team plans to work on numerous 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.

Source: VeChain Foundation/Twitter

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.

VET is trading for $0.021 at time of writing. The 37th-ranked crypto asset by market cap is up 0.62% in the past 24 hours and more than 21% in the past seven days.

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This article was originally reported on The Daily Hodl.