VeChain, a platform that helps consumers and retailers authenticate products, just crossed an adoption milestone. It posted a record-breaking statistic on the VeChain Thor blockchain on Thursday, hitting one million clauses. The 1,101,530 clauses was double the amount reported on January 7th, which was 505,563.





The figure represents an increase in activity on its blockchain. According to VeChain,

“A transaction can have many clauses, which are pretty much transactions bundled inside a transaction.





Example: Transaction A can have 50 recipients (so that would be 1 transaction/50 clauses) meaning there are 50 transactions bundled within one mother transaction.”

Earlier this year, the mainnet also recorded its highest number of transactions in a single day at 115,879.









As a leader in the supply chain logistics space that aims to revolutionize how data is reported, stored and transferred, VeChain has forged a number of consumer-facing collaborations, including partnerships with Chinese consumer electronics giant Haier, leading wineries and, most recently, with Walmart China.





Walmart China will use VeChain’s Thor blockchain to track food through its supply chain, solving the real-world challenge of identifying and eliminating fake or tainted goods on a large scale.





VeChain’s Thor blockchain will power the Walmart China Blockchain Traceability Platform (WCBTP) in a joint venture with Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin and the China Chain-Store & Franchise Association. The initiative aims to track 50% of Walmart’s packaged fresh meat, 50% of its packaged vegetables, and 12.5% of all seafood sales tracked on the platform by the end of 2020. Read More at Dailyhodl...

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