Per a recent update, UCO Network has sealed a long-term collaboration with VeChain which prides itself as the world’s leading enterprise-grade Layer 1 smart contract platform, with an ultra-low carbon and highly scalable blockchain architecture. It is worth noting that the UCO Network platform uses a combination of blockchain and Internet of Technology (IoT) technologies to operate. 

The existing centralized systems, rules, and regulations have proven to be inefficient and incapable of solving the problems faced by biofuel producers. Therefore, this partnership comes as UCO Network, the first ESG-focused biofuel platform seeks to deploy more advanced blockchain-based sustainability and traceability solutions to eliminate fraud and bad actors in the used cooking oil sector. 

Read Also: VeChain (VET) Launches ToolChain-Powered Merchandise in the EU/UK

Why VeChainThor Public Blockchain?

The characteristics and capacity of the VeChain blockchain have often made it the best fit for traceability solutions in the supply chain industry. VeChainThor has a wide range of open source tools, blockchain-as-a-Service (Base), and turnkey solutions. These solutions particularly aid startups to integrate and develop at a low cost. Also, they enhance speed as startups do not need to start from scratch to build. 

In addition, the VeChainThor blockchain runs using a unique consensus mechanism known as Proof-of-Authority (PoA). This consensus mechanism tackles inefficient upgrade processes and is less energy intensive. Other interesting features associated with the VeChain public blockchain include multi-party payment, multi-task transaction, controllable transaction lifecycle, and transaction dependency. 

Read Also: VeChain ToolChain Adopted By TruTrace Technologies To Better the Pharmaceutical Industry

These meta-transaction features “make development much more user-friendly, meeting the scalability needs of UCO Network’s planned enterprise adoption,” part of the announcement read. “After evaluating multiple Smart Contract platforms and their capabilities, VeChainThor was UCO Network’s Layer 1 Blockchain Partner of choice,” the first blockchain-based ESG-focused biofuel platform added. 

As also revealed in the long-term partnership, “UCO Network and the VeChain Foundation’s full alignment regarding environmental, social and governance goals have been decisive differentiators that contributed to the establishment of this natural and exciting partnership.”

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According to the report shared on Twitter by VeChain Foundation, the new partnership will grant OrionOne’s clients a seamless blockchain onboarding experience.

VeChain Foundation tweeted, “Announcing our integration partnership with US-based logistics software company, OrionOne Inc.! By integrating #VeChain ToolChain, OrionOne provides a seamless #blockchain onboarding experience for clients while delivering a revolution for supply chains.”

Announcing our integration partnership with US-based logistics software company, OrionOne Inc.!

By integrating #VeChain ToolChain, OrionOne provides a seamless #blockchain onboarding experience for clients while delivering a revolution for supply chains.https://t.co/vo51GQAQx9 pic.twitter.com/psLPeQDpcx

— VeChain Foundation (@vechainofficial) August 10, 2022

Read Also: Sunny Lu to UFC: VeChain (VET) Impact on the World in the Future Will Be Significant

In a blog post captioned in the announcement, VeChain Foundation describes OrionOne as a global supply chain technology solutions company that has built a powerful SaaS platform to deliver the best in class technology to the supply chain market.

As mentioned in the blog post, the integration of VeChain ToolChain is aimed at accelerating blockchain adoption among logistics companies.

The post read in part:

“The direct connection between OrionOne’s best-in-class logistics platform and VeChain’s blockchain application VeChain ToolChain allows OrionOne to offer companies a seamless and rapid onboarding ramp to begin utilizing blockchain in their business, all without burdensome investments in network infrastructure or management of cryptocurrencies.”

The logistic software provided by OrionOne helps companies organize and manage people, goods, and resources throughout the supply chain, which includes transactions and supplier relationships.

Reacting to the new development, Tommy Stephenson, CEO of OrionOne, described VeChain as the prominent leader in the supply chain industry. He praised the blockchain platform for its low-cost, swift deployment, and easy-to-use technologies.

“When it comes to blockchain and supply chain, there’s only one game in town, and that’s VeChain. No other entity can compete with their low-cost, rapid deployment, and ease of use. We’re excited to integrate their blockchain into our products to bring VeChain to a wider network of clients,” Tommy Stephenson said.

Read Also: UFC Hails VeChain as the Leader in Real-life Blockchain Applications

Jason Rockwood, General Manager for VeChain US Inc., also emphasized that blockchain has to solve companies’ problems across the world to enhance wide adoption.

“A key barrier to wide blockchain adoption is the application layer that connects infrastructure to specific business problems. OrionOne simplifies the data gathering mechanism and makes the value of blockchain tangible and easy to deploy. This in turn saves corporate clients time and money while staying current with the latest innovations in supply chain technology.”

The report says that VeChain will start featuring on the OrionOne platform starting from the 15th of August 2022.

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China Food Safety Network and VeChain

The China Food Safety Network (CFSN) is a body saddled with the responsibility of improving and monitoring national standards of food production in the East Asian country. 

Reportedly, the China Food Safety Network has created a sub-department dubbed China Food Safety Traceability Co-governance Federation. The entity is tasked to build a food traceability system that will promote the comprehensive management of China’s food industry.

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Also, the unit’s core responsibility is to ensure food quality and safety while regulating the healthy development of the food industry.

Per the report, the China Food Safety Traceability Co-governance Federation will also play an active role in promoting innovation and development in the nation’s food industry. 

Part of the document said, 

“After investigation by China Food Safety Network, recommendation by the Secretariat of China Food Safety Traceability and Co-Governance Federation, and evaluation by member units of China Food Safety Traceability and Co-Governance Federation, Shanghai VeChain Information Technology Co., Ltd was elected as the Standing Committee Member of China Food Safety Traceability and Co-Governance Federation.

The company hired VeChain CEO, Lu Yang as a standing member of the China Food Safety Traceability Co-governance Federation,” the report added. 

It is believed that with the integration of blockchain technology into the system, food traceability can be made more effective.

On this premise, the China Food Safety Network is out to leverage the capabilities of the VeChain ToolChain to provide reliable data support for food regulatory authorities, and further implement food safety strategies. 

Read Also: VeChain Grabs Another Mega Deal To Build a Web3 Inventory Monetization Platform

Leveraging the VeChain ToolChain

VeChain ToolChain is a self-developed comprehensive blockchain application platform backed by the VeChainThor blockchain with BaaS, PaaS, and SaaS offerings.

The China Food Safety Network believes that the data traceability of the VeChain ToolChain will help unleash the vitality of the food supply chain and also improve supply chain transparency.  

“This product can provide flexible and light-developed blockchain food traceability SaaS services for food companies, complete data uploading on the chain at 5 to 10 times the speed of traditional technology, and efficiently achieve origin certification and supply chain transparency”

“At present, the blockchain food safety traceability SaaS solution provided by VeChain has served many food companies and brands in the past. VeChain will continue to deeply cultivate the field of food traceability, use blockchain technology to help the construction of agricultural product traceability systems, serve the digital transformation of enterprises, and contribute to the national food safety strategy,” the report added. 

Related: VeChain Toolchain Adopted By a Premium Ginseng Snack Producer in China for Quality and Brand Enhancement

VeChain Adoption on the Rise

VeChain, the leading enterprise-grade Layer 1 smart contract platform, has recorded strategic partnerships and mega adoptions in recent times. 

In early June, VeChain announced a partnership deal worth $100 million with UFC, the leading martial arts company, to boost the global adoption of blockchain technology.

In the same month, VeChain grabbed another mega-deal with Supply@ME to build a Web3 inventory monetization platform on its blockchain.

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The post China Adopts VeChain Toolchain for Food Safety and Traceability appeared first on Times Tabloid.

The latest to gain adoption is VeChain ToolChain, a self-developed comprehensive blockchain application platform backed by the VeChainThor blockchain.

Read Also: VeChain Officially Announced as Schneider Electric’s Digital Ecosystem Partner, a Fortune 500 worth $110 Billion

The new development was recently announced by VeChain Foundation. According to the report, Shan, a premium Ginseng snack producer in China, has adopted VeChain ToolChain. Shan will be able to leverage several use cases on the ToolChain platform such as a means for producers to share their stories, demonstrate quality, among others.

VeChain Foundation tweeted, “We are pleased to welcome Shan, a premium Ginseng snack producer in China, to the VeChain Toolchain platform! Using our technology, producers can share their stories, demonstrate quality and enhance brand perception. VeChainThor transforms data in to value.”

We are pleased to welcome Shan, a premium Ginseng snack producer in China, to the #VeChain Toolchain platform!

Using our technology, producers can share their stories, demonstrate quality and enhance brand perception.#VeChainThor transforms data in to value. #Web3 #Blockchain pic.twitter.com/be3vgExV05

— VeChain Foundation (@vechainofficial) January 6, 2022

Read Also: VeChain Chosen by Government of Inner Mongolia, China, to Power a Massive Traceability Platform

About VeChain ToolChain

As earlier stated, VeChain ToolChain is a self-developed comprehensive blockchain application platform backed by the VeChainThor blockchain.

With BaaS, PaaS, SaaS offerings, VeChain ToolChain facilitates transparency, grants overarching insight into a product’s legacy data, and creates new ways to generate value for both consumers, brands, and supply chain participants alike.

Read Also: VeChain’s MyBaby Has Been Announced as a National Innovation Project by the Cyberspace Administration of China

VeChain ToolChain enables businesses of all sizes to leverage blockchain technology to further utilize these data, creating novel services and products in new, collaborative ways.

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