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VeChain Announces A Market Ready Blockchain Food Safety Solution Powered By VeChain ToolChaina??

SHANGHAI, Aug. 13, 2020 /PRNewswire/ -- COVID-19 has accelerated the need for food companies to build more resilient and transparent supply chains to cope with the challenges from an ever evolving marketplace. It is now more urgent than ever to have the proper framework that would allow for effective collaboration among all stakeholders in the food supply chain. Blockchain technology, known as the "Trust Machine", is the best choice at hand. As the world's leading enterprise-friendly public blockchain platform and company, VeChain officially launches its market ready, blockchain-enabled food safety solution based on its one-stop data Blockchain-as-a-Service (BaaS) platform VeChain ToolChaina??. The solution allows blockchain technology to be deployed in the food sector with the fastest lead time compared with any other platform in the industry. The VeChain ToolChaina??A powered Food Safety Solution integrates VeChain's industry-leading technology and experience with business-ready technical features, solving the most urgent needs for the food industry in this new era.Blockchainizing The Food Sector In The "New Normal"Concerns about food safety have been brought to the forefront following the coronavirus outbreak. Consumer behavior changes due to COVID-19 have brought higher demands for safe and traceable food products. According to an IBM study, 71% of consumers are willing to pay an additional average premium of 37% for companies offering full transparency and traceability.
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