The COVID-19 pandemic has arisen concerns about the safety of food bringing a high demand for traceable and safe food products. Meanwhile, VeChain, one of the leading public blockchain platforms, has announced that it has launched a blockchain-enabled food safety solution on August 7, 2020, for making food safer. As per the official announcement, the blockchain food safety solution is powered by VeChain ToolChain which is a blockchain-as-a-service (BaaS) platform of VeChain.
To deploy blockchain technology in the food sector
Blockchain technology can lower the concerns of the food industry regarding the traceability and safety of food products. The newly-launched VeChain ToolChain-powered blockchain food safety solution will help organizations to deploy the distributed ledger technology (DLT) in the food industry and supply chain problems in the industry can be solved by leveraging blockchain.
According to an excerpt from the VeChain’s announcement:
“The blockchain-enabled food safety solution powered by VeChain ToolChain™ can provide food industry enterprises with various traceability templates that have been effectively verified, including origin traceability, cross-border traceability, full-process traceability, and more.”
Furthermore, the announcement reads that companies can use this blockchain-powered solution in various other sectors as well that come under the food industry. These include FMCG, fresh produce, alcohol, imported food, dairy, and several others. According to the announcement post:
“Companies can quickly carry out concept verification at little to no lead time and experience the full potential of blockchain technology for their respective sub-sectors.”
Another benefit of using blockchain technology in the global food industry is that it will reduce the costs in the industry as well along with sorting out food’s traceability and safety problems.
Describing the importance of its VeChain ToolChain, the VeChain Foundation claims that this blockchain-based tool can be useful in solving the real business needs quickly:
“This massive barrier of entry hinders the adoption of blockchain in the food sector. With VeChain ToolChain, ready-to-use blockchain applications can be deployed and implemented quickly to solve real business needs.”