BNB $602.72 -0.85%
XRP $1.13 -1.22%
ETH $1,662.45 -0.87%
BTC $63,786.64 -0.72%
BNB $602.72 -0.85%
XRP $1.13 -1.22%
ETH $1,662.45 -0.87%
BTC $63,786.64 -0.72%
BREAKING
Altcoins News

Vechain (VET) Solving Pain Points in Chinese Pet Food Market

Vechain

Community Trust ScoreLikely Real

79%
Real
Likely Real14 votes
Updated 5 years ago

VeChain is targeting the multi-billion dollar Chinese Pet Food Traceability Market using blockchain technology.

China’s pet food market has a long history of putting out substandard products that have killed thousands of pets. Hard pass! The point of this is to trace and hold everyone accountable in the process.

Without appropriate standards, it can be difficult to prevent counterfeit pet foods. Therefore, the problem with the pet food market in China is about quality assurance. Problem solvers like VeChain are exploring blockchain technology to ensure accurate traceability of ingredients, thus permitting pet food manufacturers to solve biosecurity problems and control health concerns due to pet food safety.

VeChain Technology is working to facilitate transparency using traceability. Blockchain can help with the “Proof of Food Ingredient” claim and quality.

Advertisement

VET Network can help tell the brand story in a trustless manner.   Duplicate claims for the product cannot be made.  Thus, VeChain focuses on revolutionizing pet food traceability. There are several layers of benefits they are offering through their services through the complete lifecycle of the supply chain.  They are providing for Proof of Origin, Proof of Ingredients, and Traceability of Entire Value Chain.

VeChain is engaged with several companies in the pet food industry, and many of them are willing to explore the benefits of blockchain technology, when it comes to dealing with the pain points.

The logic is to leverage the data visualization module of VeChain ToolChainTM.  Thus, business owners will be able to access the benefits of the Blockchain to further implement Blockchain within a very short lead time.

The market-ready product can easily integrate with SCM and CRM systems, thus improving efficiency, traceability, and transparency of supply chains while lowering costs and providing individual users with greater control. Works like a win-win solution for the entire industry for both manufacturers and consumers.

Community response:  I’m not a cat guy, but I am a Vechain guy, so I support.

After the last “carbon is the new oil” tease that fizzled into nothing, I will wait to see this actually happen before I get too excited.

How about getting all the other “plans” in action before?  Maybe the other “100+ partners” can start using the Blockchain first.

 

It’s amazing what vechain has archived so far, but new investors do not recognize it; they rather invest in more popular coins

 

 

 

Community Trust IndexModerate Confidence
79%
Real
Real79%21%Fake
14 community signals

Dan Saada

Dan Saada holds a Master of Finance from ISEG Business School (France). With years of experience covering digital assets, Dan specializes in cryptocurrency market analysis, blockchain technology, and decentralized finance.

Advertisement

Related Stories