VeChain: A Dominant Force in RWA & IoT Markets

VeChain (#VET) is strategically positioned at the intersection of #RWA (Real World Assets) and #IoT (Internet of Things), leveraging blockchain to drive transparency and efficiency in global supply chains.

VeChain (#VET) is strategically positioned at the intersection of #RWA (Real World Assets) and #IoT (Internet of Things), leveraging blockchain to drive transparency and efficiency in global supply chains.

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Despite the bear market, blockchain technology is quietly making waves in two high-potential markets: the tokenisation of real-world assets and the Internet of Things. According to one market expert, VeChain is dominating the latter and is off to a good start in the former.

IoT has been touted as one of the key technologies shaping the next few decades. According to the latest data, there are nearly 19 billion interconnected IoT devices today, and the number is set to surge to 40 billion by the end of the decade. However, IoT doesn’t work without blockchain for enhanced security, decentralised identity for autonomy and device-to-device micropayments.

According to one expert, VeChain has taken an early lead in IoT, boasting a 35% share of the market.

Blockchain in IoT is still at a very nascent stage. One report says that the sector was only worth $280 million last year. However, by 2032, it will surge to $21 billion at a staggering compounded annual growth rate of 54%.

This massive growth will be spurred by the rise of IoT use in asset management, where it will be used to organize and track assets. On the consumer side, transportation will be the biggest growth area for IoT.

Already, the technology is being used to automate traffic lights, direct traffic, analyze traffic data, and more. With smart cities and self-driving cars becoming increasingly popular, IoT will be at the heart of this critical sector.

VeChain in Tokenization

The expert adds that VeChain has also been making inroads into the tokenisation of real-world assets (RWAs). This sector is even more lucrative, with a report by the Boston Consulting Group estimating that the sector will unlock over $16 trillion in global GDP by the end of the decade. VeChain reportedly enjoys a 6% share of this market.

The benefits of tokenisation can’t be overstated. For one, it introduces liquidity into assets that have traditionally been notoriously illiquid.

For instance, by tokenising real estate, users can sell fractional shares of a property, allowing them to raise funds quickly without having to sell an entire property. These shares can also be traded on the secondary market easily.

Additionally, retail investors would no longer need to raise millions to purchase property as they can purchase the number of tokens within their budget.

To boost tokenisation, VeChain has partnered with BCG, one of the world’s largest consultancies. Together, they are making it easier than ever for clients to tokenise any asset, from equities and government bonds to fiat currencies and real estate.

VET changes hands at $0.02241, trading sideways over the past day for a $1.82 billion market cap.

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