The Currency Analytics

FoodGates from VeChain Will Do Food Tracking on the Blockchain

By Steven Anderson

VeChain is teaming up with ASI along with their partner DNV GL.  This partnership will enable a food tracking initiative known as FoodGates on the blockchain.

The VeChain Thor public blockchain powers this solution.  The announcement was made at the China International Import Expo (CIIE) 2019.

Mathieu Borgé, stated, "We know that traceability and authenticity are essential when it comes to Food & Beverage products.

The first step in the process is to monitor the complete life cycle of beef production right from cow selection to slaughter through the processes of packing, shipping, and…

The brand perception about VeChain is evolving to the next stage.  They are expanding to different business models in product life cycle management like the automobile,…

Retailers of products will be able to improve the confidence factor in their customers concerning perishable goods by making use of a blockchain-based digital authentication…

There are several pain points in the industry.  There are a lot of business challenges like transparency issues, potential food safety problems, and low-level of…

VeChain has begun trading on Binance.US, and the many China Cryptocurrencies are establishing themselves truly well.

The price of the VeChain went up by 10% after it was listed in Binance. The exhaustion point for the VET has arrived after the 110 percent increase that happened in the past week.

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