Wal-Mart will use VeChain’s blockchain technology to verify products along the supply chain. The Walmart […] Supply chain-focused blockchain project VeChain has inked a significant partnership with Walmart China to ensure the safety of perishable food products.VeChain announced the development through a Medium post published June 25, 2019.. VeChain Lands the Big Fish. (June 25, 2019, Beijing) On June 25, in combination with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain, the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain, was announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar. The project is officially called the ‘Blockchain Food Safety and Traceability Platform’ and is a partnership between Walmart China, VeChain, PwC, China Chain Store and Franchise Association (CCFA), Kerchin, and various other food producers. + $70 Giveaway. The first products are already live on the VeChain blockchain and available for purchase in stores. VeChain has partnered with Walmart China in order to create the Walmart China Blockchain Traceability Platform that is built on top of the VeChainThor Blockchain. As announced yesterday via Twitter, the VeChain Foundation has joined the China Animal Health And Food Safety Alliance (CAFA) as a Council Member. With this news, the VET price has immediately shot up by 40%. VeChain Partners with Walmart China to take on Food Safety and Product Traceability. In June 2019, Walmart China, the Chinese arm of the US colossal market Walmart, announced an alliance with VeChain and PwC to make use of blockchain technology to secure the authenticity of food products in Walmart stores across the country. Walmart China has announced a VeChain powered food traceability platform during an event held together with PwC earlier today. Walmart China and VeChain Work Together On Traceability Platform. It looks like the wait finally is over and the “June Partner” turns about to be Walmart China. ... And finally, the third news item on Coin Speaker, Walmart, a world giant retailer, has now partnered with Vechain, the world’s leading blockchain application platform. Walmart China Partners VeChain To Ensure Food Safety and Traceability . Walmart China customers can now scan 23 product lines before purchase and know where it was sourced and how it was produced, thanks to VeChain. Emerging technologies like artificial intelligence (AI), machine learning, Internet of Things (IoT), and blockchain have often … VeChain partners with Walmart!!! For the second half of 2019, the target for both Walmart and its new partners would be to launch over 100 new products on the food traceability blockchain infrastructure provided by VeChain. Sam’s Club and VeChain are collaborating over the development of a service that can trace food products. PricewaterhouseCoopers (PwC), one of the “big four” professional services firms, will also participate. ChainNews further reports on the progress made so far, revealing that the first batch of 23 Walmart products has been tested and launched on the platform. The CAFA comprises 130 Chinese companies. “At the Walmart, Vechain, PwC announcement of food safety tracking of foods Walmart sells in China. As a result, VeChain is the only provider of public blockchain technology in the alliance and will provide technical and infrastructural support to the council members. Vechain is providing the blockchain technology.” – announced Foth on his Linkedin account. Now, these news pieces are definitely really awesome. The announcement regarding this platform and collaboration between Walmart China and VeChain was made on June 25. The Senior Director of Emerging Technology Labs at PricewaterhouseCoopers (PwC), Tom Foth, revealed that Walmart will be partnering up with VeChain. A China-based subsidiary of Walmart called Sam’s Club has partnered with VeChain, a blockchain-based supply chain management platform. On June 2, VeChain (VET) announced that it had partnered with China-based subsidiary of Walmart, Sam’s Club to use the former’s food traceability solutions in its line of products.