VeChain Partners With Shenzhen Yuhongtai Foods to Trace Pork Products on ToolChain
Vechain, a blockchain firm specializing in building traceability solutions, has partnered with a Chinese food company called Shenzhen Yuhongtal. This partnership would allow Shenzhen to trace all its pork supply, which it retails through its subsidiary, Meijiada Fresh Foods.
The firm would be able to monitor every aspect of pork products right from how it’s raised to when it is harvested. The food company also has the policy to sell the pork the same day it is collected.
Meijiada Fresh Foods would utilize VeChain’s ToolChain blockchain system to offer every detail concerning the pork products through a QR code, which the customers can scan on their phone to get every minute detail of the product they are buying.
Shenzhen and Meijiada have expressed their desire to expand the range of products whose supply chain would be managed through a blockchain traceability system.
Blockchain solutions have been a great hit in the enterprise food supply-chain industry, which has actively adopted the decentralized tech to make their system more efficient and transparent. Both small scale firms to mega food businesses like Nescafe has invested in the blockchain traceability system.
Mainstream tech firms such as IBM, Microsoft, Amazon, and Twitter Using Blockchain Systems
Facebook has invested heavily in blockchain. IBM is currently leading the way in the food-supply chain ecosystem with its enterprise-grade blockchain traceability solutions. Even Amazon, which is now the highest valued firm in the world, applied for a patent back in May last year for a blockchain system to track goods.
KFC also recently started using the blockchain system to keep track of its digital ads distributions and operations.