VeChain Teams Up with Walmart Chinese Subsidiary to Track Food with Blockchain
Main page News, China, Blockchain

Sam's Club, a Chinese subsidiary of US retailer Walmart, has just announced it has teamed up with the supply chain management platform VeChain with the aim of increasing supply chain transparency by tracking food products with the help of blockchain, CoinTelegraph has reported.

The project, which aims to ensure food safety and provide greater transparency to Chinese consumers, will be carried out in collaboration with PricewaterhouseCoopers (PwC).

The platform, dubbed Walmart China Blockchain Traceability Platform, began to be developed in mid-2019 by PwC China and Walmart China.

Sam's Club operates 26 membership-only high-end stores throughout China. The chain, which currently has around 2.5 million clients, is expected to open 15-20 new stores by 2022.

The platform, which will make use of a modified version of VeChain's ToolChain, will use hardware and software sensors as well as the Internet of Things to upload the company's supply chain data to a blockchain. Then, users will be able to access this information, which includes, among other things, the origin of the products, simply by scanning the QR codes they will find on the products' packaging.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error