The VeChain Foundation joined the China Animal Health and Food Safety Alliance as a council member.
According to a Announcement on September 17th, VeChain is “the only public provider of blockchain technology in the alliance” and will offer technical and infrastructural support. There are more than 130 companies in the alliance, including the Chinese subsidiaries of Starbucks, McDonald’s and Walmart.
VeChain, a supply chain monitoring project, reportedly reported that it had recruited its first alliance member to use its “ToolChain” product and was hoping to add more. However, the announcement did not reveal any details about which member of the alliance or what size the club is.
The China Animal Health and Food Safety Alliance (CAFA) currently uses the Food Trust’s traceability program. The American poultry producer, Cargill announced in June that “Chickens 2.0” in China was being tracked on the CAFA platform using QR codes to provide consumers with information on “breeding, operational, production and environmental data, certifications and test reports”.
VeChain stated that he intended Use of the ToolChain platform to support CAFA in “building a farm-to-fork tracking system” throughout China, using the existing food trust system.
“All business members of the alliance can immutably and securely register the most important food processes in the blockchain and thus build a bridge of trust between consumers and companies.” VeChain explained. “Traceability can start with growth, processing, packaging, logistics, retail and a lot more.”
“By supporting tracking platforms for alliances like CAFA and other similar partners, the VeChainThor blockchain is used by hundreds and thousands of companies without VeChain having to contact them individually.”
VeChain’s food tracking platform and other goods are used by companies like Walmart China. Automaker BMW and BYD Auto, the device company Haier, the clothing company HM and many others. You have teamed up with the auditing company PwC and the accredited registrar DNV GL.
The platform uses a proof-of-authority protocol that enables fast and inexpensive transactions at the expense of decentralization. with only 101 corporate or individual controlled authority nodes who own at least 25 million of their tokens that can validate transactions and produce the blocks.
according to VeChainStats had more than 150,000 data clauses on the VeChain Thor Mainnet for September 16, with 64.3 billion professional training brands in circulation.