VeChain partners with a Walmart subsidiary to track food in the blockchain
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Answer VeChain partners with a Walmart subsidiary to track food in the blockchain
According to reports informative Recently, Sam’s Club, a Chinese subsidiary of US retailer Walmart, has signed a partnership with supply chain management platform VeChain with the goal of increasing supply chain transparency by tracking food products with the help of blockchain technology.
The project, which aims to ensure food safety and provide more transparency for Chinese consumers, will be implemented in cooperation with PricewaterhouseCoopers, which stands for “PwC”.
The development of the platform dubbed “Walmart China Blockchain Traceability” began in mid-2019 by PwC and Sam’s Club.
Sam’s Club operates around 26 upscale members-only stores across China.
The chain, which currently has about 2.5 million customers, is expected to open 15-20 new stores by 2022.
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The new platform under development will use a modified version of the VeChain ToolChain, hardware and software sensors as well as the Internet of Things to upload the company’s supply chain data to the blockchain.
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Then, users will be able to access this information, which includes: The origin of the products as well as many other benefits, simply by scanning the QR codes they will find on the product packaging.
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