VeChain crypto is consistently exploring more ways to implement its main goal of revolutionizing the world of supply chains. On 27th September 2022, VeChain Community Hub posted on Twitter about the recent accomplishment of VeChain. It noted that VeChain has processed up to 700K transactions of retail giant Walmart. This took the supply chain solution protocol somewhat around 3 hours to wind out the massive amount of transactions.
Moreover, the post added that the transactions involved no spam as well as no token shuffling. It noted that such real-world and economically beneficial activities on chains took place for only one company for now but anticipated to work for more thousands of such companies in upcoming times.
While closing the post, it also hailed for VeChain crypto to become the future of blockchain soon.
For context, VeChain is known for presenting multiple solutions for blockchain’s limitless application, especially for supply chain operations. Apparently, given the incompetency that goes along with the traceability systems insider supply chain creates the need for an effective system like blockchain.
VeChain Seeking Potential Grounds for Supply Chain
As per the reports, blockchain technology as facilitated by VeChain crypto employs the most effective solutions to resolve the inherent issues within the supply chain operations. Additionally, it also helps to serve new, unique sets of possibilities for both consumers as well as enterprises.
VeChain crypto is indulged in bringing the much-needed paradigm shift when it comes to supply chain operations. For this, it has partnered with multiple institutions including some prominent names within different industries.
Given these collaborations, blockchain-based supply chain protocol helped a lot of companies consolidate their management systems and supply chains. Such noteworthy contributions of VeChain include one about bringing transparency in the supply chain for food products.
VeChain partnered with Walmart’s subsidiary based in China in order to develop a traceability platform based on VeChainthor. By design, the platform works towards scaling approx 100 product lines across 10 product categories.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.