Supply chain blockchains like Vechain have started to become a buzzword at the end of 2020. That’s because supply chain companies are looking for ways to improve their solutions even further. That’s where supply chain blockchains like VeChain come in.
Fresh off a Walmart partnership announcement, VeChain has an opportunity to create a platform that gives the world the supply chain-equivalent of an official seal of approval. Beyond the Walmart partnership, VeChain anticipates using blockchain to increase efficiency and transparency within China. You can basically think of the Vechain blockchain as a truth-recorder for every step of a supply chain. It combines physical tracking and blockchain records to keep a close account of real-world products. Vechain has technology that can detect fraud and counterfeit in the retail space. It answers whether technology is real, or whether it’s fake. The company was founded in 2015 by the former CIO of Louis Vuitton.
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