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VeChain Plans to Incorporate Blockchain Technology Into Food, Apparel, and Pharmaceutical industries With TruTrace Partnership – crypto.news

UCO Network Collaborates With VeChain to Develop Blockchain Infrastructure for the Biofuel Industry – crypto.news

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VeChain and TruTrace have officially announced the list of sectors they will include in the blockchain network. recent tweet. According to the statement, the platform will integrate TruTrace’s legal cannabis, food, fashion and pharmaceutical businesses.

Basic needs industries may boost the adoption of mainstream blockchains

Food, clothing, medicine, and even the recently legalized marijuana industry are basic necessities today. These goods are essential for human existence and sustenance. At some point, these industries had to get on the blockchain. It was only a matter of time before we found out that the basic data would be transferred to Web 3.

These are all categories where TruFace already excels. As the legal cannabis business was previously the main focus, the agreement with VeChain will lead to blockchain integration in all areas of the SaaS platform, according to the release.

The direct connection between TruTrace and VeChain ToolChain, according to the VeChain Foundation, enables companies committed to product quality and authenticity offered by TruTrace a seamless and fast way to start using blockchain in their operations without expensive investments in infrastructure or management. of digital currencies.

Blockchain adoption has grown

Before this announcement, both companies had partners at the end of last month to improve the adoption of Blockchain. Blockchain is used in many industries besides banking, including music, diamond mining, and real estate. The main selling point of the technology is how the use of blockchain in certain industries helps to increase transparency.

Blockchain technology has gained attention as a result of the many benefits offered by the emerging blockchain sector with cryptocurrencies. Blockchain technology can be used in many industries, including decentralized finance, to promote efficiency and transparency. TruFace and VeChain aim to prove this.

What is VeChain?

Founded in 2015, VeChain Technology is a well-known global business-friendly blockchain startup that aims to bring blockchain technology to the real world by providing businesses with customized blockchain-enabled solutions.

It offers VeChain ToolChainTM, a low-code blockchain-based platform that enables enterprise customers to rapidly build and drive digital transformation globally, facilitating the development of a decentralized ecosystem without trust.

VeChain Technology operates internationally in China, Singapore, Luxembourg, Japan, France, Italy, and the United States, and is a leading developer of real-world blockchain applications. VeChain has partnered with several top companies in various industries, including Walmart China, BMW Group, Shanghai Gas, DIG, ASI Group and many others.

About TruTrace Technologies

TruTrace is a Canadian SaaS (software as a service) company. Using a secure blockchain infrastructure, TruTrace Technologies has created a fully integrated software that allows users to store, manage, exchange and instantly access information about quality assurance and testing, certificates of authenticity, and inventory business and transaction information. The forum emphasizes the authentication of source materials or chemicals used in formulation and was created specifically to promote traceability of testing standards in the legal cannabis, nutritional, culinary and pharmaceutical industries.



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