Walmart Controlled Company Partners with VeChain in China

By Abhimanyu Krishnan | News | 4 Jun 2020


On June 2, VeChain (VET) announced that it had partnered with China-based subsidiary of Walmart, Sam’s Club to use the former’s food traceability solutions in its line of products. PricewaterhouseCoopers (PwC), one of the “big four” professional services firms, will also participate.

The Sam’s Club Traceability Program will use Walmart’s Food Safety Traceability Solutions, which was designed with VeChain’s assistance. With over 2.5 million customers, it provides considerable exposure to VeChain’s technology, which has already made great inroads in China.

Sam’s Club will use VeChain’s ToolChain platform, which lets enterprises easily deploy their own solutions. This includes hardware sensors and Internet-of-Things (IoT) solutions to ensure streamlined supply chain processes. Like many other such initiatives, consumers can scan a QR code to learn more about the specific product, including origin and temperature levels. 

VeChain has built development tools to speed up the process, saying that Sam’s Club had been able to build a customized solution quickly thanks to its ToolChain platform. The applications are plenty and will go on to include more. The post reads,

“At present, more than 20 categories of products have been included in Sam's blockchain traceability platform-including Sam's own brand Member's Mark, a variety of fresh pork, chicken, vegetables, dry goods and other commodities. In the future, more commodities will be included on the platform...”

Walmart China and VeChain, as well as PwC, have partnered for multiple initiatives. While these collaborations have largely focused on food safety and traceability, VeChain application hub has several other verticals in mind, including finance, entertainment and social networking.

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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