“VeChain continues to promote exponential mass adoption of blockchain technology and drive tangible value for businesses. As a retailer trusted by consumers, Walmart has been devoted to improving food safety and quality management, and VeChain’s blockchain technology will enable it to take the lead in traceability management among retail peers. Thanks to this platform, members of the alliance will be able to record all processes related to a product in a safe and immutable way. The project is officially called the ‘Blockchain Food Safety and Traceability Platform’ and is a partnership between Walmart China, VeChain, PwC, China Chain Store and Franchise Association (CCFA), Kerchin, and various other food producers. The pros are that it is scalable and affordable. Welcome to VeChainThor VeChainThor is the world’s leading enterprise-grade public blockchain platform. The announcement of the Walmart China Blockchain Traceability Platform came with the introduction to the first batch of 23 product lines, that have now been tested and launched. The announcement of the Walmart China Blockchain Traceability Platform came with the introduction to the first batch of 23 product lines, that have now been tested and launched. The VeChainThor blockchain will use the Walmart China Blockchain Traceability Platform (WCBTP) in a joint venture with PricewaterhouseCoopers (PwC), Inner Mongolia Kerchin and the China Chain-Store & Franchise Association. That produce will be given a unique identifier, called a VeChain Identity (VID), which will stay with it from the farm all the way to the grocery store shelf. “At the Walmart, Vechain, PwC announcement of food safety tracking of foods Walmart sells in China. Walmart China starts tracking products Walmart’s China Subsidiary Teams Up With VeChain to Trace Food Products. Without doubt, we can see that the VeChain Foundation is actively working as one of the best blockchain companies from which the Chinese economy can profit. All this while testing what could be the first state digital currency issued in the world. (June 25, 2019, Beijing) On June 25, in combination with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain, the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain, was announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar. VeChain is Now Working With Walmart. August 11, 2020 — In an effort to support the blockchain industry as a whole, VeChain and the Mathematical Institute at University of Oxford have been working together as close partners to carry out research and provide independent scientific advice.. Walmart China Teams with VeChain, PwC on Blockchain Food Safety Platform Walmart China has launched a blockchain-based platform aimed to address food safety concerns in the country. The public pay-to-use platform is already used in projects with Walmart China … The first batch of 23 product lines have been tested and implemented using the public blockchain platform with more than 100 product lines following in the second half of this year, covering more than 10 categories. The announcement was in combination with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain. Sam’s Club, filial china del minorista estadounidense Walmart, acaba de anunciar que se ha asociado con la plataforma de gestión de la cadena de suministro VeChain con el objetivo de aumentar la transparencia de la cadena de suministro haciendo un seguimiento de los productos de comida con la ayuda de la tecnología blockchain, ha informado CoinTelegraph. Around a year ago Walmart China, PwC China dn VeChain jointly announced they were setting up the Walmart China Blockchain Traceability Platform. VeChain’s blockchain technology is enabling Walmart China to implement a traceability strategy for products and pioneer the large-scale application of blockchain traceability. Launched in 2015, VeChain , an enterprise-focused blockchain ecosystem that aims to supply chain management, is among the first batch of 197 officially registered blockchain service providers that China’s cyberspace administration authorized in April. However, VeChain is […] She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing. Walmart China teams with VeChain on blockchain system By Undercurrent News July 23, 2019 10:25 BST Walmart has launched a new traceability system in China based on blockchain. Walmart China has announced a VeChain powered food traceability platform during an event held together with PwC earlier today. Blockchain technology’s ability to make food supply chains safer is about to be tested by fire in the epicenter of unsafe produce, China. VeChain Assists COVID-19 Infection Risk Management For The China International Import Expo 2020, VeChain, Renji Hospital and DNV GL Held Strategic Partnership Signing Ceremony To Launch World’s First Blockchain Intelligent Tumor Treatment Center, VeChain Joins China Animal Health And Food Safety Alliance (CAFA) As Council Member To Provide Blockchain Technology For Enterprise Members. At Walmart China, VeChain technology has helped the company meet shoppers’ requirements for higher demand on quality and food safety. Según un anuncio el martes 26 de junio de 2019 en un evento convocado por China Chain Store & Franchise Association (CCFA) y Walmart China, el gigante minorista detalla jubilación para rastrear productos frescos en la tecnología de libro mayor distribuido con efecto de 2020. It looks like the wait finally is over and the “June Partner” turns about to be Walmart China. Walmart ayudará a rastrear alimentos en China con blockchain. VeChain can provide a blockchain solution for the traceability of products from giants such as McDonald’s and Walmart. They are calling it the Walmart China Blockchain Traceability Platform. According to the announcement, VeChain will provide the blockchain technology needed for this to happen. Supply chain focused blockchain project VeChain has emerged as a go-to platform for traceability. One of the stories that have been reaching my desk is that of Walmart / Ibm Blockchain news that have been making the rounds. VeChain’s COO, Kevin Feng (in the middle) at the Walmart China Blockchain Traceability Platform Launch Event together with Yan Zhinong, Executive Director of Walmart Products Safety Collaboration Center, Chudong, Vice President of CCFA, Li He, Chairman of Inner Mongolia Kerchin Co., Ltd. VeChain Becomes The First 5-Star-Rated Blockchain Service Provider In The World, Certified By TÜV Saarland, A Renowned Institution Accredited by National Governments, Grant Thornton Cyprus Becomes An Authority Masternode On The VeChainThor Public Blockchain, VeChain Enables the E-HCert App to Go Beyond COVID-19 Records and Onboards Another Hospital in Cyprus, VeChain ToolChain™ Powers Producers Market To Onboard U.S. Since 2019, Walmart China and PwC China have been collaborating over the development of a traceability platform on the VeChain blockchain. Walmart China and VeChain Work Together On Traceability Platform. Domestic customers are proposing higher demands on food safety, digitalization of food traceability will help suppliers to increase their brand value and win their consumers’ trust. Walmart China Brings Together Sam’s Club and VeChain to Take One Step Further Towards Blockchainization With Safe Food Traceability Platform On June 25th, 2019, approximately 1 year ago, Walmart China, PwC China and VeChain jointly announced the establishment of the Walmart China Blockchain Traceability Platform . Announced via a press release, Walmart China, which presides over 424 retail stores, is now working with VeChain.The two partners join China Chain-Store & Franchise, a retail consortium that purportedly has 1,000+ members; Pricewaterhouse Coopers, a “Big Four” auditor; and the Inner Mongolia Kerchin, an Asian cattle … The partners in attendance are represented by: As part of the event, the signing ceremony attendees conducted a discussion on how to share responsibilities and use technological innovations to guarantee the quality and safety of products and edible agricultural produce, boost consumer confidence and satisfaction, and contribute to the upgrading of service consumption. This is why it has already been used by Walmart China. Today VeChain announced that Walmart China is using its VeChainThor blockchain for food traceability. ”, Elton Yeung, Strategy and Innovation Leader, PwC Mainland China and Hong Kong, pointed out: “PwC’s mission is ‘building trust and solving important problems’, which is the top priority of PwC in providing professional services and making business decisions. The public pay-to-use platform is already used in projects with Walmart China for […] One specific address on the VeChain blockchain is receiving the vast majority of clauses. Data collection and data availability are to be continually added to the scale of the platform and its use of blockchain technology. The first products are already live on the VeChain blockchain and available for purchase in stores. VeChain (VET), a distributed ledger technology (DLT) project that claims to be focused on connecting blockchain technology to the real world through blockchain-based solutions, has been ado pted by Walmart China for its food traceability project, according to a blog post on June 25, 2019. (June 25, 2019, Beijing) On June 25, in combination with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain, the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain, was announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar. According to reports: The VeChain Thor blockchain went live on June 30, 2018, and the startup hit the ground running. Los clientes podrán obtener diversos datos sobre la mercadería adquirida escaneando con su celular el producto. Kevin Feng, Chief Operating Officer of VeChain commented on the collaboration, said: “As the world-leading enterprise-public blockchain platform, VeChain aims to empower enterprises in the large-scale digitization process by providing safe and mature blockchain deployment solutions and promote the wide application of blockchain technology. Launched in 2015, VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. By leveraging blockchain and IoT technology, the logistics industry solution provided by VeChain enables the participants to record the core data arising from transportation. Considering the pivotal role of consensus protocols in blockchain systems, University of Oxford and the VeResearch team … VeChain’s blockchain technology is enabling Walmart China to implement a traceability strategy for products and pioneer the large … (CAFA) of which VeChain will become a member of the board. South Korea's new regulation bans Monero trading, Coronavirus is helping the digitization of banks, Margex Review - The Lightning Fast Derivatives Exchange, CryptoLocally, Decentralised P2P exchange list DOGE and SOL after community votes, The SEC prosecutes the ICO of Bitcoiin (B2G). Already last year, Walmart China announced the use of the VeChainThor blockchain. VeChain's Digital Carbon Ecosystem is a ground-breaking blockchain and IoT powered carbon reduction platform which utilizes economic incentives to encourage both individual and enterprises to participate in the reduction of carbon emissions. Vechain is providing the blockchain technology.” – announced Foth on his Linkedin account. in Breaking , Crypto News Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Walmart China, for instance, has recently announced in a press release, that it is teaming up with the blockchain project. This is why it has already been used by Walmart China. That doesn’t make this concept less viable, however. Tether can now be spent in shops thanks to Bitrefill, Tether surpasses $30 billion in capitalization, Tether: record capitalization for USDT. Walmart China has released a blockchain-based platform aimed to address meals safety problems in the nation. The aim is to increase reliability and consumer confidence. Walmart’s Address is Popular. Walmart China has teamed up with PWC and VeChainThor Blockchain to create what is dubbed the Walmart China Blockchain Traceability Platform. If you continue to use this site we will assume that you are happy with it. The key drivers for supply chain blockchain adoption are increased cost savings, enhanced traceability and greater transparency. In the face of food safety, how to build consumer trust is a problem that PwC, our clients and partners have been trying to solve. Read official announcement from Walmart China. Supply chain-focused blockchain project VeChain has inked a significant partnership with Walmart China to ensure the safety of perishable food products.VeChain announced the development through a Medium post published June 25, 2019.. VeChain Lands the Big Fish. Walmart, Carrefour, Nestle, … Thanks to this platform, members of the alliance will be able to record all processes related to a product in a safe and immutable way. Consumer Confidence Index Platform For Manufacturers of Fast Moving Consumer Goods (FMCG) We believe that Walmart’s Blockchain Traceability System will be an excellent example of blockchain technology applied in the retail industry, helping to improve food safety and quality management, and providing a strong guarantee for building consumer trust.”. Walmart China, for instance, has recently announced in a press release, that it is teaming up with the blockchain project. Walmart China expects the use of the platform to continue to grow in scope, accounted scales, and geographic implementation. Its members include giants in the coop industry, including McDonald’s and Walmart, but also ecommerce platforms and food and beverage producers. With VeChain a farmer can register a batch of produce on the blockchain. Considering how VeChain clauses can either transfer value, or perform other operations, their potential is much greater. The aim of the collaboration is to improve the supply chain tracking of the food Walmart sells in China. The first batch of 23 products was already tested at the end of last year. With this entrance into a governmental association, paying attention to blockchain development, . This Platform would allow Walmart China to make use of blockchain technology to trace its products. CAFA is a governmental association directly led by the Ministry of Agriculture of China and currently has 130 members. VeChain can provide a blockchain solution for the traceability of products from giants such as McDonald’s and Walmart.. With this target in mind, Walmart has continuously invested in the whole supply chain, from source procurement and commodity strategy, supply chain construction, to store and e-commerce platform operation management. The Walmart China Blockchain Traceability Platform signing ceremony took place at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar. On July 17th, Chinese blockchain firm VeChain announced that it will begin subsidizing individual developers and startups using its platform to encourage growth. In fact, it’s also one of the biggest non-crypto use cases that blockchains have presented in the past few years. The tracking can include all processes from cultivation and packaging to logistics and delivery. Since then, the VeChain foundation has been able to establish partnerships with well-known companies from different industries, such as the food, logistics, pharmaceutical, insurance, automotive or textile industry. The company will half the transaction fee developer and startup users of its enterprise-focused platform, VeChainThor, for three months. The announcement was in combination with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain. All this while testing what could be the first, The Uniswap token drives prices and volumes upwards, Twitter increases security after the Bitcoin hack. VeChain is providing the blockchain technology.” Tweets from Sunny Lu following the partnership announcement: "I really wan to wait for official release. As announced in a press release on June 25, the Chinese arm of Walmart, the U.S. supermarket giant, has partnered with PwC (PricewaterhouseCoopers) and VeChain to launch the blockchain traceability platform for addressing the food safety concerns of customers.The blockchain traceability platform of Walmart China is named the VeChainThor Blockchain and its launch … Without doubt, we can see that the VeChain Foundation is actively working as one of the best blockchain companies from which the Chinese economy can profit. Walmart is one of the world’s largest international retail corporations with over 2.2 million employees and over 11,000 stores worldwide. Walmart of China, in 2019, announced a Blockchain Traceability Platform in association with PwC China and VeChain. Vechain is providing the blockchain technology.” – announced Foth on his Linkedin account. It was further explained in the report that VeChain provided blockchain infrastructure and application architecture support for the Shanghai Gas project. In the future, the Walmart China Traceability Platform shall adopt multilateral cooperation, synchronizing data from local governments’ traceability platforms and suppliers’ own platforms, so as to provide customers with safe and high-quality products, all on the VeChainThor Blockchain. The partnership between Walmart and VeChain could be the basis for a new system of cooperation with Chinese authorities and other local companies. On Tuesday, the Chinese branch of the company published a statement outlining how they’re going to join up with the blockchain project VeChain, PwC, and a few others as the next in the firm’s many projects addressing the tracking of food.. Walmart China’s new Blockchain Traceability Platform contains 23 tested product lines on it. Sign up for new updates from VeChain here: Mr. Shi Jiaqi, Chief Corporate Affairs Officer of Walmart China, Mr. Yang Weizhi, Managing Partner of PwC China Strategy and Innovation, Mr. Kevin Feng, Chief Operating Officer of VeChain, Mr. Liu Xiaoen, Chief Procurement Officer of Walmart China, Mr. Chen Mingzhi, Chief Ethics Compliance Officer of Walmart China, Dr. Yan Zhinong, Executive Director of Walmart Products Safety Collaboration Center. Their certification acknowledges the readiness and maturity of VeChain’s blockchain technology, raising the profile and prestige of the network and ce... 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