VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food.
Companies will also gain access to third-party services such as PwC, Deloitte, DNV GL, among others, to help them to reduce the cost of certification, auditing, insurance, and supply chain financial services.
Lifecycle food traceability
VeChain stated that most BaaS platforms and companies on the market today provide only assistance for high level framework services, “such as deployment of nodes”. They elaborated that:
“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.”
The foundation is also providing built-in, ready-to-use templates modelled for food cultivation, processing, packaging, logistics, retail, and more.
The United States Food and Drug Administration, or FDA, recently released a blueprint and pilot study for food safety, highlighting Blockchain as a viable option for some of the identified challenges.
Cointelegraph also reported in July that the team behind the Cardano blockchain, IOHK, recently partnered with Wyoming-based company, BeefChain. They too hope to use blockchain technology to improve food traceability and security.
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