The VeChain Foundation will provide its ToolChain product tracking solution to the China Animal Health and Food Safety Alliance (CAFA).
The alliance is supported by the Ministry of Agriculture of the People’s Republic of China and has 130 members, including such well-known companies as McDonald’s and IBM.
CAFA intends to develop a blockchain-based system that will track the entire food supply process: growing on farms, collecting, processing, manufacturing, packaging and arriving at points of sale. This will prevent the production of counterfeit products and the manufacture of products from low-quality raw materials.
The VeChain project has become the only blockchain provider that will provide CAFA with technical and infrastructure support for the development of this system. It is planned to integrate the ToolChain service created by the VeChain developers into the platform. According to VeChain’s management, one of the alliance members has already started using ToolChain.
Recall that this year the VeChain solution has already begun to be used by several companies, including the Producers Market platform , which unites various manufacturers. The app, powered by ToolChain, will allow farmers to directly access markets as well as upload accurate product information to the VeChainThor blockchain.
Sam’s Club has also expressed its willingness to use ToolChain to track its food supply chain, while pharmaceutical company Bayer China has chosen this solution to track its drug supply chain. Note that last year VeChain registered to operate in China under new blockchain regulation laws.