As the sole public blockchain protocol in the consortium, VeChain is dedicated to enabling its partners and clients to implement blockchain technology in various industries to solve the trust problems that will usually emerge as a result of multiparty collaborations.
VeChain’s blockchain technology ensures that the food supply chain will be efficient, safe, and secure. The proven cases of integrating VeChain ToolChain™ within existing food supply chains, such as the first cross-continental logistics and trades solution for the French-China food & beverage industry, FoodGates, pave the way for this partnership for fast and easy deployment of VeChain’s technology, making the supply chain finance more effective at an all-new level.
Sunny Lu, CEO and co-founder at VeChain, stressed that, “Guided by the mission of powering the real economy, VeChain positions itself to be an Enabler to empower our partners with blockchain technology to build up business applications for a variety of sectors. The implementation of blockchain technology certainly contributes to buffering the immediate economic impacts of the pandemic for the enterprises, and will help improve productivity by unleashing more resources and growth opportunities.”
The Australian Department of Agriculture predicts China will account for 43% of global growth in demand for agricultural products by 2050. Since the Australian products have an enviable reputation for being clean, safe and high-quality, Australian exporters can strongly take advantage of China’s growing demand for quality produce and its need for food security. Australia’s share in the value of exports to China reached a record 38% or $117 billion in 2019, and it will continue to grow.
The food sector is undoubtedly unleashing tremendous potential for the development of the council. With the market evolving, the demand for business-ready standard tools will also see a dramatic growth, which positions VeChain ToolChain™ to seize the opportunity to support more enterprises to create more value.
About APAC Provenance Council
The Asia Pacific Provenance Council is an Industry alliance which helps exporters digitally enable and scientifically prove the provenance, traceability and authenticity of their products, and tell the stories behind their brands.The council will soon be taking Expressions of Interest for multiple food production verticals in Food Agility backed pilots; corporates and Industry Bodies are urged to contact [email protected]
Launched in 2015, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. VeChain is the pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, AWS, PICC, ASI etc. For more information about VeChain, please visit our official website www.vechain.com.
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The first episode of VeChain BootCamp with the topic “The Missing Part of Mass Adoption — VeChain ToolChain™ ” was successfully held on May 8th. Hosted by VeChain CEO and Co-Founder Sunny Lu, the live streaming webinar introduced the development roadmap of VeChain ToolChain™ from 1.0 to 4.0 — culminating to be the premium business ready standard tool for mass adoption in the entire blockchain industry. Gathering an amazing crowd from our community and interested audiences, the 1-hour event also covered an interactive session where Sunny randomly picked questions from the live audience and viewers and provided his answer.