VeChain has partnered with a Walmart China subsidiary to increase supply chain transparency for its food products.
Sam’s Club, a China-based subsidiary of Walmart, has partnered with blockchain-based supply chain management platform VeChain (VET) to trace food products sold by the shopping chain.
PricewaterhouseCoopers (PwC) will assist in the Sam’s Club Blockchain Traceability Platform project, which is intended to both ensure food safety and afford greater transparency to consumers in China.
Since mid-2019 PwC China and Walmart China have been developing a traceability platform on the VeChain blockchain called the Walmart China Blockchain Traceability Platform.
Sam’s Club has 2.5 million customers
Sam’s Club is a membership-only high-end shopping chain that operates 26 outlets in China with an estimated customer base exceeding 2.5 million people.