VeChain and some suppliers of fresh meat have partnered to improve sales monitoring using blockchain technology.
The deal is between VeChain and Shenzhen Yuhongtai Foods Company. The food company will now be able to trace how its subsidiary, Meijiada Fresh Foods, sells its pork products by using Vechain’s traceability solution which is backed by blockchain.
Everything about how the products get to the supermarket will be clear. With this, Shenzhen Yuhongtai will do little supervision in ensuring that customers get fresh meat at all times.
Any meat that is not sold on the same day of harvest will be processed into another kind of product.
Traceability Solution for pork in China is blockchain-based
Meijada will find VeChain’s Toolchain useful in providing accurate details concerning the purchase and processing of meat.
In packaging the products, the food company will attach a QR code to the product so that they can get a direct feedback from their customers.
Apart from pork, Shenzhen Yuhongtai Foods Company will add other food products to be monitored by VeChain’s Toolchain and Meijiada will also execute their sales.
DLT-based supply chain tools escalate
Presently, many enterprises are seeking to adopt DLT and this has led to a corresponding increase in the number of firms that want to bring blockchain to them.
In May this year, Amazon wanted a patent for a blockchain system that will enable it to trace the supply of its goods. Apsez, an Indian port operator, had a deal with IBM to use its TradeLens platform to track supplies.
Ontology (ONT) and a German-based digital identity firm, Spherity, now have an agreement that will enable it to develop a working tool for monitoring supplies.