VeChain has joined China’s CAFA, plan to assist in “building a from-farm-to-table traceability system” across China
According to an announcement on Sept. 17, VeChain is “the sole public blockchain technology provider in CAFA” and will offer technical and infrastructure support. There are more than 130 companies in the alliance, including Chinese subsidiaries of Starbucks, McDonald’s, and Walmart.
All Members of CAFA
The China Animal Health And Food Safety Alliance (CAFA) is a government-backed organization directly under the Chinese National Agricultural Science Technology Innovation Alliance initiated by the Ministry of Agriculture of the People’s Republic of China, which aims to build a trustworthy platform that connects the government, industry associations, producer enterprises and research institutes in the food sector.
As a council member of CAFA, VeChain intends to enhance CAFA’s strategy of “building a from-farm-to-table traceability system across the entire country”.
VeChain stated it intends to use its ToolChain platform to assist the CAFA in “building a from-farm-to-table traceability system” across China by building upon the existing Food Trust system.
VeChain ToolChain’s scalable and easy-to-implement technology has already captivated the enterprise world, and the technology has already on-boarded its first alliance member as a user of the platform since the inception of CAFA, with more expected to join.
By using ToolChain, all enterprise members of the alliance will be capable of logging key processes of food products onto the blockchain in an immutable and secured way, bridging trust between consumers and the enterprises. Traceability can start from cultivation, processing, packaging, logistics, to retail and more, which perfectly assists CAFA’s vision of “providing consumers with safe, high-quality and healthy food of animal origin”, according to the company’s blog.
According to VeChain, there were more than 150,000 data clauses on the VeChain Thor mainnet as of Sept. 16, with 64.315 billion VET tokens in circulation.
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