Product information

What is TCC？

ToolChain Credit (abbreviated as TCC) is the payment credits used within VeChain ToolChain^TM.  These credits are used to conduct operations such as creating contracts and uploading information to the blockchain. The price of TCC is defined within VeChain ToolChain^TM, and may vary from one user to another.

How to purchase TCC?

• Contact our sales team to purchase TCC with fiat currency. All orders are final and no refunds shall be given.

• Get TCC rewards from VeChain ToolChain^TM. The rewarding rules are reserved and defined by VeChain at their sole discretion, and may vary from one user to another.

Payment rules of TCC

• TCC are consumed to conduct the following services: the data certificates, data storage, calculation services and other supporting services on VeChain ToolChain^TM.

          TCC cannot be exchanged for any physical product on the platform, and cannot be transferred            or refunded.

Price and payment of TCC

• The company can purchase TCC in accordance with actual business needs. For more price inquiries, please contact bd@vechain.com

• The consumption of TCCs  varies for different services.

The cost for【Traceability information】:

• Case 1 - Take wine traceability as an example.  There are 100 bottles of wine in one batch that have been delivered to the channel distributor, and the staff makes the following operations:

• Confirm the delivery: the system will automatically record the location, image, and other necessary files.

• This process costs

N+1=100 bottles+1=101 TCC

• Later, the staff finds that the image is too low-quality and replaces it with a better one by updating delivery information in the system.

• This update costs 1 TCC.

• After checking the actual number of goods, the staff finds that the batch contains 102 bottles so the delivery information needs to be updated again.

• The second update costs

X+1=2 bottles+1=3TCC  (X=2 bottles of wine left out)

• Case 2 - take another wine traceability case as an example - there are two categories of alcohol in a batch, including 12 bottles of wine and 6 bottles of spirits. The staff makes the following operations:

• Without opening any of the products, the staff scan the code on the box and confirm the delivery. The system will automatically record the location, image, and other necessary data.

• The process costs:

N+1= (6 bottles of spirit+1 box)+（12 bottles of wine+1 box)+1=21 TCC

Here are three sample cases of TCC consumption

Case 1: 

A cosmetics Brand needs to trace its high-end cosmetics product lines from process to recycling using VeChain ToolChain^TM. The Brand produces and ships 1,000 products per month, including  two different product specifications (330ml/500ml).

Employee A in the factory creates two product SKUs for each product type using VeChain ToolChain^TM platform, attaches the corresponding QR codes to all 1,000 products, and scans QR codes to upload the shipping information to the VeChainThor blockchain using the VeChain Work App.

Employee B in the store needs to confirm the delivery after receiving these 1,000 products using the VeChain Work App.

Employee C in the recycling department uploads the collection of recycled bottles after receiving 1,000 products via the VeChain Work App.

Case 2

A cosmetics Brand needs to trace its high-end cosmetics product lines from process to recycling using the VeChain ToolChain^TM. The Brand produces and ships 1,000 products per month. There is only one type of product with the specifications of 330ml.

Employee A in the factory creates one product SKU using the VeChain ToolChain^TM, attaches the corresponding QR codes to all 1,000 products, packs them into 50 boxes (each has 20 bottles), and scans QR codes to upload the shipping information to the VeChainThor blockchain using the VeChain Work App.

Employee B in the store needs to confirm the delivery after receiving these 50 boxes.

Employee C in the recycling department uploads the collection of empty bottles after receiving 1,000 products.

Key operations in Case 2 which cost TCCs

1. Create new user accounts for employee ABC
2. SKU of each product =1
3. The quantity of VIDs=bottles=1000
4. The quantity of VIDs=boxes=50
5. Dispatch=1

 Case 3

A cosmetics Brand needs to trace its high-end cosmetics product lines from process to recycling by using the VeChain ToolChain^TM. The Brand produces and ships a number of 1,000 products per month, including  two different product specifications (330ml/500ml).

Employee A in the factory creates one product SKU using the VeChain ToolChain^TM, attaches the corresponding QR codes to all 1,000 products, and packs 20 bottles in each box, and delivers one box at a time, repeating 50 times.

Employee B in the store needs to confirm the delivery after receiving these 50 boxes.

Employee C in the recycling department records the collection of empty bottles after receiving 1,000 products.

Key operations in case 2 which cost TCCs: 

1. Create new user accounts for employee SKU of each product=2
2. The quantity of VIDs=bottles=1000
3. The quantity of VIDs=boxes=50
4. Batches=50
5. The quantity of VIDs in each box=20
6. The quantity of VIDs on each bottle=1