VeChain partners with China Animal Health care agency

Blockchain platform VeChain has joined forces with the China Animal Health and Food Safety Alliance (CAFA). According to the press release, VeChain will be joining as a council member and would be the sole public blockchain provider in the alliance.

CAFA is a government-backed organization that is domiciled under the Chinese National Agricultural Science Technology Innovation Alliance. Since its inception, CAFA has generated buzz with over 100 companies signing up with the organization. These companies are from different sectors within the food and agriculture industry.

VeChain will be implementing its novel blockchain tool called VeChain ToolChain to help build an ecosystem that would encourage easy traceability and intermodality in different organizations.

Partner organizations will also be able to log the key processes of food products onto the blockchain in an immutable and secured way bridging trust between consumers and the enterprises.

It is expected that the traceability will start from the entire process of food production from cultivating to retailing and aligns with CAFA’s vision of providing end consumers with high quality and healthy food of animal origin.

VeChain continues to surge ahead with key partnerships

VeChain is considered as one of the top blockchain traceability platforms and has already been applied by several top players in the food industry. Its My Story solution was adopted by three of the biggest wine producers in Italy earlier in the year with great success.

The platform has also secured partnerships with shoe giant Nike where end users can verify the authenticity of products using its blockchain and there have also been a partnership with drinks giant Pepsi.

Its latest addition to CAFA continues this positive trend for the blockchain as it looks to attain adoption within the supply management sector. There are further expectations within the crypto industry that the partnerships would lead to a surge in the use of outfits native coin VET.

The VeChain price is currently trading at $0.014 and up for 4%.