The company is building a direct to consumer ecosystem for groceries. Their goal is to create a blockchain-based platform that will enable consumers to buy groceries directly from manufacturers, with lower prices and greater convenience. The INS Ecosystem will allow manufacturers to sell products directly to consumers and reward customer loyalty. The INS token and smart contracts will be used to facilitate exchanges and for tracking purposes. The project has attracted interest from several large manufacturers and the company plans on testing the platform in large metropolitan markets.
VeChain is a blockchain platform focused on supply chain management and the Internet of Things. It has a Proof-of-Authority consensus mechanism. VeChain was one of the first blockchain companies to partner with the Chinese government. The company is currently re-branding into VeChain Thor. The VeChain ecosystem is based on two tokens: VET and VeThor (VTHO)