VeChainThor (VET) stands out as a versatile enterprise-grade Layer 1 smart contract platform, with its roots tracing back to 2015. Renowned for its pioneering work in real-world enterprise applications, VeChain has constructed a distributed platform leveraging Internet of Things (IoT) technologies, NFC chips, and blockchain to address various industries' data challenges. VeChain addresses significant hurdles in blockchain adoption by employing an intelligent two-token model: VET and VTHO. This model segregates the protocol's Store of Value and gas fee payment mechanisms, ensuring cost-effectiveness and stability. Through fee delegation, smart contracts can cover gas fees on behalf of business users, while an advanced transaction model efficiently packages data while guaranteeing data finality. With a focus on ushering in a wave of incentive-based sustainability decentralized applications (dApps), VeChain has introduced its new platform, VeBetterDAO. Collaborating closely with the Boston Consulting Group, VeChain aims to drive adoption among both enterprise and individual users, facilitating the onboarding of the next billion users to Web3 in the forthcoming decade. Whether in supply chain management or sustainability initiatives, VeChain consistently demonstrates its leadership in leveraging blockchain for business applications. Committed to its pioneering role in promoting real-world adoption of blockchain technology, VeChain remains dedicated to driving innovation and progress in various sectors.