Home blockchain technology VeChain ToolChain™ partners with Shenzhen Yuhongtai Foods Co. Ltd

VeChain ToolChain™ partners with Shenzhen Yuhongtai Foods Co. Ltd

  • This blockchain-based platform dubbed as the Food Traceability Platform by VeChain. 
  • The ToolChain and blockchain built by VeChain will yield elaborate information about the origin, refinement, and analytical data revolving the meat processed by the retail vendors. 

VeChain is leading the world’s blockchain technology in providing a platform for the adoption of business enterprises. It has recently joined with China’s Yuhongtai food company to devise a new platform. This new blockchain-based platform dubbed as the Food Traceability Platform that will help Mejiada Fresh Foods, a chain business in Shenzhen, to track pork products among other fresh food products. 

This chain of stores prides itself on providing fresh meat and vegetables to its customers but has been incompetent to prove so. It is where blockchain technology comes in by giving the Food Traceability Platform. Moreover, Mejiada Fresh Foods didn’t shy away from using the advanced technology available in Shenzhen as this Chinese city regarded as one of the front line cities of the Chinese blockchain industry. 

The working of this traceability platform work

The ToolChain built by VeChain blockchain will yield elaborate information about the origin, refinement, and analytical data revolving the meat processed by the retail vendors. 

Just by scanning the QR code on the packaging of Mejiada’s pork products, consumers could get hold of untamperable data about the product’s supply and production. Hence, the firms jointly assured that more products would include in the company’s blockchain in the future. 

Increase in use of Distributed Ledger Technology (DLT) 

Businesses from all over the world have adopted DLT based technology. Thus, More and more firms are seeking to include themselves as blockchain-based enterprises amidst growing completions. 

VeChain has also announced that La Fiammante, an Italian company, will also adopt its traceability program. This solution named My Story™. 

Recently, Amazon filed a patent on its tracking solution based on the blockchain mechanism. Additionally, Apsez will be digitalizing trade in collaboration with IBM. 

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Akhilesh Agnihotri
Akhilesh is an engineer and research subordinate working with thecoinrepublic.com as a part of the research team and do research work on Cryptocurrency and Blockchain. His curiosity in research and writing brings him to thecoinrepublic.com, He believes writing is all about expressing the thoughts with words and spread information backed by well-researched work.

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