$25 billion in Revenue China’s Second Largest Food Company Launches Products on VeChainThor Blockchain Solution - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
Connect with us

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

$25 billion in Revenue China’s Second Largest Food Company Launches Products on VeChainThor Blockchain Solution

$25 billion China’s Second Largest Food Company Launches Products on VeChainThor Blockchain Solution

Altcoins

$25 billion in Revenue China’s Second Largest Food Company Launches Products on VeChainThor Blockchain Solution

VeChain is undoubtedly one major blockchain project gaining recognition and adoption in different industries. For background purposes, the blockchain project has collaborated with big and respectable firms across the globe.

Few days back, VeChain (VET) announced a partnership with Bright Foods (Group) Co., a group of company with approximately $25 billion annual revenue, which also doubles as China’s second largest food manufacturing firm.

The partnership also involves Shanghai Xiandao Food, a significantly owned subsidiary of Bright Food which is a wholly owned subsidiary of the Shanghai Municipal Government.

Read: Vechain (VET) Blossoming in Current Spate of Partnerships

What the Partnership is Bringing Forward

Through the partnership, Bright Foods will be using VeChainThor Blockchain to make its entire supply chain management and data management systems sophisticated to be able to control and monitor its products lifecycle from crop to retail.

Remember, Bright Food has a global firm managing 93 diverse Chinese domestic and foreign subsidiaries with four publicly listed companies generating approximately $25.3 billion (¥160 billion RMB) revenue.

Also READ  VeChain (VET) Is Rapping With Internet Of Things (IoT) Than IOTA (MIOTA)

At the moment, VeChain has announced that a product of Bright Food, Cupids Farm Milk, is now the first product to go live on BrightCode, a VeChainThor Blockchain Solution set to be deployed by millions.

The “Cupids Farm” milk brand going live on VeChainThor Blockchain solution opens Bright Foods to integrating the VeChainThor Blockchain into its supply chain and inventory wholly.

BrightCode is All-encompassing.

$25 billion China’s Second Largest Food Company Launches Products on VeChainThor Blockchain Solution

According to VeChain (VET), the BrightCode solution is a blockchain-based commercial ecosystem built upon the Partner Version of the next generation BaaS platform — VeChain ToolChain.

Follow Today's Gazette on Telegram

BrightCode, which survives on available and authentic data collated by IoT devices and some other services offered by authenticated firms like DNV GL and PICC, is creating a distinct business idea that makes uses of blockchain, third-party assurance and IoT.

It is AI and big data Enabled

Through the AI and big data powered BrightCode, firms have the opportunity to monitor entire lifecycle of their products, while also collating realtime data, and at the same time storing the collected data on the VeChainThor Blockchain.

Also READ  VeChain (VET), IOTA (MIOTA), Waltonchain (WTC): The Real Face of Crypto in 2019

Bright Code Index of Cupid Food

There is no doubt that other firms are looking up to integrating BrightCode to have a well-monitored supply chain. The idea is to be promoted to other industry beyond the food and beverage industries.

One other areas where the innovation will work perfectly is the healthcare and auto parts where there products are usually not monitored for counterfeits.

Oliver is an online publisher, managing various blogs through the years. He had contributed to multiple blockchain news portals in the US and the UK.Oliver is among the earliest followers of cryptocurrency and blockchain.His interest varies from Political Agendas to recent Technological advancements and now, cryptocurrency acceptance and institutional investing in blockchain.He is now a full-time contributor to TODAY'S GAZETTE.Email: oliver.green@todaysgazette.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Altcoins

Advertisement
Join Us On Telegram1
Advertisement

Submit Press Release

Advertisement

Facebook

Press Release

To Top