VeChain, a leading enterprise-friendly blockchain platform, announced on September 18, 2020, that it had joined the China Animal Health and Food Safety Alliance (CAFA). According to the announcement, VeChain will be a council member in CAFA.
The Members of CAFA
CAFA is an organization backed by the government of China. It operates under the Chinese National Agricultural Science Technology Innovation Alliance, which was created by China’s Ministry of Agriculture. The goal of the alliance is to create a dependable platform, which connects industry associations, the government, research institutes, and producer companies in the food industry.
Since CAFA was launched, its membership has grown to over 130 members. The members come from various subsectors of the food industry, both upstream and downstream. They include beverage and food manufacturers, supermarkets, eCommerce platforms, and many others.
The Role of VeChain in CAFA
Within CAFA, VeChain will play the role of the sole provider of public blockchain technology. The platform will provide council members with both infrastructural and technical support related to blockchain technology.
In its new position, VeChain will work to enhance the strategy of the alliance, which is to build a traceability system for the food sector across China. To achieve this strategy, council members will utilize VeChain ToolChain, which will allow members to log key processes of the food products on the blockchain. The traceability can begin as early as at cultivation, and go on into other processes such as processing, packaging, logistics, retail, and more.
About the VeChain ToolChain
The VeChain ToolChain was launched in 2019. Since then, it has become a powerful tool for enterprises to integrate the VeChainThor public blockchain into their business processes. The tool was born out of collaborative efforts with large enterprises such as the Wal-Mart China Food Traceability Platform and Foodgates.
It comes with inbuilt ready-to-use templates as well as numerous customizable tools. These tools and templates make it possible for any enterprise in the food sector to achieve full lifecycle traceability of its supply chains at an affordable cost.
VeChain’s Goal
VeChain has positioned itself as an enabler of the real economy. The platform continues to promote the mass adoption of the blockchain and help businesses derive value from using the technology. To achieve this vision, the company is working to power traceability platforms such as the CAFA alliance platform and similar partners. The result is that the VeChainThor blockchain will be accessible to thousands of businesses without VeChain having to approach these enterprises individually.
The use of blockchain technology in food traceability is a concept that has been gaining traction in the past few years. There are already numerous platforms being developed to achieve this. The food industry involves numerous players, and almost everyone in the world interacts with it in some form. Using the blockchain in the industry might be one of the most effective ways of introducing the benefits of the blockchain to the world.
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