Today, the Walmart China Blockchain Traceability Platform, built on the VeChainThor blockchain, was announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar.





This seminar was jointly organized by Walmart China and the CCFA in Beijing. The announcement was in combination with Walmart China, China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain.





The announcement of the Walmart China Blockchain Traceability Platform came with the introduction to the first batch of 23 product lines, that have now been tested and launched. The Platform is expected to scale by another 100 product lines by the end of the year covering more than 10 product categories including fresh meat product, rice, mushrooms, cooking oil, etc.





It is expected that Walmart China’s traceability system will see traceable fresh meat account for 50% of the total sales of packaged fresh meat, traceable vegetables will account for 40% of the total sales of packaged vegetables, and traceable seafood will account for 12.5% of the total sales of seafood by the end of 2020.





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