VeChain Announces FoodGates, A Cross-Continental Blockchain Logistics Solution

2019-11-8 19:16

VeChain has announced it will team up with ASI Group together with existing partner DNV GL on an initiative to enable food tracking on the blockchain. Called FoodGates, it is powered by the VeChain Thor public blockchain and is the first such solution of its kind. The announcement came at the China International Import Expo (CIIE) 2019, which was also attended by France’s President Emmanuel Macron, and China’s President Xi Jinping. 

According to the announcement from VeChain, FoodGates is the first time that a public blockchain will be used for tracking food throughout its supply chain journey across continents. It will cover the full life cycle of beef production, from cow selection, to slaughter, to packing, shipping, and eventually to the restaurant. 

President Xi presided over the opening of the event, with President Macron in attendance as part of his official state visit to China. Over the course of three meetings, the pair agreed trade deals worth $15 billion to the French economy, for the sale of beef, wine, and A350 Airbus jets. In the French pavilion at the CIIE, President Xi sampled three types of French beef. This tasting included Limousin Label Rouge beef which had been imported using the VeChain Thor Foodgates solution. 

China is a significant trading partner for France, with a bilateral trade volume of over $60 billion annually. This figure is currently growing at around 15 percent each year. Given that agricultural produce represents a significant proportion of trade, VeChain is in a strong position to capitalize on this market. 

The FoodGates news comes after the Chinese president recently expressed his support for blockchain technology. At the end of last month, the markets took a leap at the news he had stated China should “seize the opportunity” that blockchain can bring. 

At the time of writing, the VET token had jumped over ten percent in the last 24 hours, most likely as a result of VeChain’s FoodGates announcement. 

The post VeChain Announces FoodGates, A Cross-Continental Blockchain Logistics Solution appeared first on Crypto Briefing.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.2821 (-100%)

blockchain vechain solution foodgates announces logistics cross-continental

blockchain vechain → Результатов: 126


VeChain Partners with Grant Thornton Cyprus to Provide Industrial Oriented Blockchain Solutions

VeChain Foundation has inked a collaboration with Grant Thornton Cyprus in a move that will see the two-scale blockchain solutions to various industries. According to the medium blog announcement by VeChain, this partnership comes as a significant boost to its blockchain services, given Grant Thornton’s position as a leading global professional consultancy and accounting firm. […]

2020-8-18 17:21


Фото:

Состоялся запуск сети VeChain

В субботу прошел официальный запуск основной сети VeChain. Это блокчейн-проект, целью которого является управление сведениями о товарах в цепях поставок, говорится в сообщении VeChain Foundation.

2018-7-1 10:34


Сеть VeChain официально запущена

Официальный запуск основной сети VeChain состоялся 30 июня 2018 года. Блокчейн-проект VeChain нацелен на создание и управление данными о продуктах и товарами в цепях поставок. В 08:00:09 по местному времени в блокчейне VeChainThor был сгенерирован первый блок, пишет VeChain Foundation.

2018-7-1 10:11


Состоялся запуск основной сети VeChain

Сингапурский блокчейн-проект VeChain Foundation, работающий над решениями, объединяюшими технологию блокчейн с реальными практиками, официально заявил о запуске основной сети VeChainThor. Протестировать ее работу можно, скачав код с GitHub.

2018-6-30 15:35


VeChain запустил основную сеть

В субботу, 30 июня, состоялся официальный запуск основной сети VeChain – блокчейн-проекта, нацеленного на создание и управление данными о продуктах и товарами в цепях поставок. At exactly 08:00:09 the first block was successfully mined.

2018-6-30 11:30


Состоялся официальный запуск сети VeChain

В субботу, 30 июня, состоялся официальный запуск основной сети VeChain – блокчейн-проекта, нацеленного на создание и управление данными о продуктах и товарами в цепях поставок. At exactly 08:00:09 the first block was successfully mined.

2018-6-30 08:02


Billionaire Ethereum Creator Bullish on Chinese Blockchain Projects Qtum and VeChain

Ethereum co-founder is looking to China for his next big investments, likes Qtum and Vechain and still believes strongly in Bitcoin. Shopping for Bargains Anthony Di Iorio who currently runs Decentral an “Innovation Hub” in Toronto which focuses on blockchain projects and is the creator of the Jaxx cryptocurrency wallet made his money as an.

2018-6-22 08:55