VeChain Platform Leads In Global Adoption In The Food Industry, Here’s How

• VeChain is leading in the global adoption in the food industry.
• The platform was launched in 2015 and is used track supply track chain.

Covid -19 has heavily impacted the food and beverage industry as well as other industries globally. Supplies have been minimal and priced have hiked increasingly. However, blockchain technology has presented itself in the world of supply chain as the most effective method to solve the problems as well us bringing new capabilities for traders and consumers.

VeChain was a platform launched in 2015 and is a global leading enterprise-friendly blockchain company. It aims to connect blockchain technology to the real world by providing enterprises with blockchain-enabled solutions suited to their business needs. VeChain offers a tool known as VeChain ToolChain^TM

VeChain ToolChain is a blockchain application platforms which enables businesses businesses to create services and products. The tool also enables transparency, provides insights into product life cycles, and creates new ways of generating value for consumers, brands, and supply chain participants.

There are several blockchains used in the food industry, and have been widely adopted. Some of the top 10 public blockchain used in the food industry are;

1. Walmart China has taken food safety with VeChain.

In 2019, the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain was announced.  VeChain’s blockchain technology will enable to implement a traceability strategy for products and also pioneer the large-scale application of blockchain traceability.

2. Walmart China brings together Sam’s Club and VeChain to take one step further towards food safety traceability platform
Sam’s Club China, a membership-only premium shopping chain owned by Walmart China deployed the Sam’s Club Blockchain Traceability Platform

3. DNV ,VeChain and Norway announced partnership.

There three worked together to build a new service on My Story™ which is a platform built for businesses and customers.

4. ASI Group, DNV and VeChain  announced FoodGates on the 2nd CIIE

FoodGates is the world’s first intercontinental food solution built and powered by a public blockchain with verified and certified information of the full lifecycle of products being tracked.

5. VeChain Becomes The Sole Public Blockchain Protocol of a Cross-continental Food Supply Chain & Finance Consortium

APAC Provenance Council was established to integrate blockchain technology into food supply chain finance for Australia–China trades. The core founding members included VeChain.

6. VeChain enables producers to trace agricultural products

StoryBird application allows agricultural producers, processors, packers, distributors and stakeholders access global markets. All this is powered by VeChain.