VeChain Only: Dutch Homeowner Puts House on Sale for VET

  • A Dutch citizen wants to sell his home in the Nethrlands, but will only accept the $474,000 payment for his house in VeChain (VET) tokens. 
  • The homeowner said that the value of VET tokens will likely increase in the long-term as their supporting blockchain-based platform will allow businesses to record transactions that cannot be tampered with.

A Dutch citizen named Dian van Heijningen is reportedly looking to sell his home in Rotterdam- Kralingen, Netherlands for 31,516,323.03 VeChain tokens (VET). Currently, the value of these VET tokens is of about $474,000, according to CryptoCompare data.

Notably, Heijningen is the first person in the Netherlands who has put his home, a 106 square meter loft, up for sale in exchange for VeChain tokens. While there have been reports of Dutch citizens and people in other countries selling their homes for Bitcoin (BTC), this may be the very first time that a homeowner wants VeChain tokens for a property.

Recording Tamper-Proof Transactions

Heijningen told local news outlet AD.NL that VET tokens may not be worth much “for the time being”, however, he believes the digital currency’s value will eventually increase significantly. VET tokens are the native cryptocurrency of the blockchain-based smart contract platform VeChain, which aims to make supply chain management processes more efficient.

Commenting on the potential benefits of the VeChain platform, the Dutch homeowner said, 

“The designers behind VeChain have built a platform on which businesses and governments can record [transactions that] cannot be tampered with. VeChain utilizes blockchain innovation for building solutions for various sectors, from the automobile industry to the alcohol beverage markets.”

Dian van Heijningen

VeChain-based Vaccine Verification System

A quick glance at Heijningen’s Twitter profile reveals he has a genuine interest in VeChain, as he regularly tweets updates about the digital asset platform. Continuing to elaborate on VeChain’s potential use cases, the Dutch citizen said automobile manufacturers can accurately monitor odometer readings by using VeChain’s transparent blockchain system.

According to Heijningen, the Chinese government has also invested heavily in VeChain’s proprietary blockchain network. He added that China was working with the governments of other nations to develop a VeChain-based “authentication system … to verify whether vaccinations are genuine or not.”

The Dutchman also claims that such a system has already been created. If true, then it may be extremely beneficial as there have been numerous confirmed reports of fake and potentially lethal vaccines being distributed in China by some of the largest pharmaceutical companies.

Highly Confident In VeChain's Potential

Despite cryptocurrency prices falling sharply after reaching record level highs in December of 2017, Heijningen is confident that, in the long-term, VET tokens will appreciate. He argued VET tokens are supported (or backed) by the active development of a promising blockchain-powered supply chain management system.

Additionally, the Dutch homeowner noted prominent venture capital investor Jim Breyer, who’s known for his successful investments in Facebook and Etsy, had expressed an interest in VeChain.

As CryptoGlobe reported in May, PricewaterhouseCoopers (PwC), one of the world’s largest professional services firms, revealed its Hong Kong and Singapore subsidiaries had “acquired a small ownership interest in VeChain.” Raymond Chao, PwC’s Asia Pacific chairman, had remarked VeChain would be instrumental in “addressing long-standing challenges in supply chain management, food trust and anti-counterfeiting areas.”