VeChain, a blockchain platform designed to enhance supply chain management, has announced the launch of its market-ready blockchain-enabled food safety solution powered by VeChain ToolChain.
According to the report, the new solution allows the deployment of blockchain technology in the food sector with faster lead time than any other platform in the industry.
The Food Safety Solution powered by VeChain ToolChain integrates VeChain’s experience with business-ready technical features to solve the most urgent needs for the new age food industry.
VeChain Foundation tweeted, “Following our success in the food sector, we’re officially launching our market-ready Food Safety Solution powered by VeChain ToolChain! Clients can now deploy proven & scalable blockchain solutions with minimal lead time compared to other platforms.”
The Major Importance of VeChain ToolChain
The VeChain ToolChain powered food safety solution can provide food industry enterprises with unique traceability templates that have effectually been verified.
The solution has various utilities in the F&B industry, which include dairy products, fresh food, alcohol and wine, imported food, among others. It allows companies to quickly carry out concept verification.
VeChain ToolChain also facilitates large-scale blockchainization faster and cost-efficiently. Through this, food companies of any size can build their business process easily as “drag and drop”. This will greatly save development investment, shorten the project lead time and bring about scalability.
This blockchain technology also helps in enhancing brand image and consumer confidence in food products. VeChain ToolChain has the capability to improve communication and boost customer satisfaction.
Conclusively, VeChain ToolChain powered food safety solution can help food-processing companies exploit value via data generated by their own business. Through the VeChain global partner network, companies can gain access to the world’s leading third-party services, which will reduce the cost of certification, audit, insurance, or supply chain financial services.
VeChain plans to leverage its strategic partnership with PwC and DNV GL to expand its services across the world, in order to bring solutions to the needs of many enterprises in the food industry.