Skip to content

The Walmart China subsidiary joins VeChain to track food products

June 4, 2020

Sam’s Club, a China-based Walmart subsidiary, has partnered with the supply chain management platform VeChain (VET)., based on blockchain to track food products sold by the grocery chain.

PricewaterhouseCoopers (PwC) will participate in the “Sam’s Club Blockchain Traceability Platform” project, which is intended to ensure food safety and offer more transparency to Chinese consumers.

Since mid 2019 PwC China and Walmart China have developed a tracking platform for VeChain’s blockchain, the Walmart China Tracking Blockchain Platform.

Sam’s Club has 2.5 million customers

The Walmart China subsidiary joins VeChain to track food productsThe Walmart China subsidiary joins VeChain to track food products

Sam’s Club is a high-end, member-only retail chain that operates 26 outlets in China with an estimated customer base of more than 2.5 million people. The chain is expected to open another 15 to 20 new stores before the end of 2022.

Sam’s Club will use a modified version of VeChain’s ToolChain platform in conjunction with software sensors, hardware sensors and Internet of Things (IoT) technologies to automatically upload data from the entire supply chain the company on the blockchain.

Customers can access detailed information about the origin of the products in the store and scan the QR codes Printed on the packaging of Sam’s Club products.

VeChain doubles the traceability of food

In an announcement on June 2, VeChain noted that Sam’s Club has recently expanded its premium food offering.“including imported seafood, meat, wine and dry products”.

VeChain highlighted “long-term weaknesses in the transportation of fresh food, product selection, transparency and visibility of product information”.and promotes the effectiveness of blockchain solutions to address such issues.

In November 2019, VeChain unveiled “Foodgates”, a blockchain-based tracking system for the food and beverage industry.. The company found that DLT tracking platforms for food and other commodities would benefit from China’s increasingly favorable stance on blockchain.