Walmart & VeChain Blockchain Partnership Reduces Risk of Food-Borne Illnesses

• Walmart has partnered with VeChain blockchain to build a platform that allows customers to trace the origin of grocery items in its shops
• According to the Head of supply chain twin transition at DNV, the platform has benefited both Walmart and VeChain
• Wider blockchain adoption could potentially reduce cases of food-borne illnesses globally

Walmart, the American multinational retail corporation, has been making advances in the multi-billion-dollar food industry in China through its long-standing partnership with VeChain blockchain. The partnership has seen Walmart create a blockchain-based platform that enables customers to trace the origin of grocery items in its shops.

This platform, which customers use daily, allows them to scan products and view details of their origin and other information. According to Michelle M., the Head of supply chain twin transition department at classification body DNV, the platform has so far benefited both Walmart and VeChain.

Not only that, but Michelle believes it could potentially reduce cases of food-borne illnesses globally. This is because the World Bank reported 600 million cases of food-borne illnesses in 2019 alone. With blockchain technology, customers can be sure of the origin and other information of the food they purchase, giving them the confidence they need that the food they are consuming is safe.

VeChain has also been able to benefit from the partnership since Walmart has been driving transaction volume to the blockchain network. This has created more adoption of the blockchain and its associated technology, leading to increased trust in the platform.

Overall, the partnership between Walmart and VeChain has been a success for both companies and could potentially lead to a reduction in food-borne illnesses worldwide.