Enterprise blockchain platform VeChain is joining hands with the China Animal Health and Food Safety Alliance (CAFA) to become the consortium’s sole blockchain provider.
In a press release, VeChain says it plans to use its blockchain-as-a-service (BaaS) platform to enhance CAFA’s technical capacities and build a farm-to-table traceability system.
“By using VeChain ToolChain™, all enterprise members of the alliance will be capable of logging key processes of food products onto the blockchain in an immutable and secured way, bridging trust between consumers and the enterprises. Traceability can start from cultivation, processing, packaging, logistics, to retail and more, which perfectly assists CAFA’s vision of providing consumers with safe, high-quality, and healthy food of animal origin.”
VeChain has onboarded its first alliance member into ToolChain, and hopes that more companies will leverage the features of its platform.
“VeChain ToolChain™ provides built-in, ready-to-use templates and customizable tools, which enables every food enterprise to quickly achieve full lifecycle traceability for their supply chains (at) a controllable cost.”
CAFA has over 130 bonafide members which include big companies in the food industry such as supermarkets, e-commerce companies, and food and beverage firms.
According to VeChain, the company is positioning itself to be at the forefront of widespread adoption of blockchain technology by being the engine that drives the traceability platforms used by consortiums and alliances like CAFA. The blockchain firm also says the strategy would introduce the VeChainThor blockchain to hundreds of thousands of businesses without engaging them one by one.
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