VeChain becomes the designated blockchain technology provider of the Australia-China Supply Chain Alliance

VeChain announced to be the designated blockchain technology provider of the “Australia-China Supply Chain Alliance”, which was jointly initiated by the Australian government and industry standards associations including Fresh Supply Co, Source Some International, Laava and large food packaging companies. The main members also Including VeChain, FoodAgility CRC (Cooperative Research Center), DNV GL Management Service Group, Australia Made, GS1, Blockchain Australia, etc. The alliance aims to empower the food industry with blockchain technology, promote Australia-China food trade, and build an efficient, transparent, and reliable supply chain financial ecosystem. VeChain stated that through the use of VeChain ToolChain technology, Australian food suppliers can achieve real-time traceability of the entire product delivery process, including shipping information, transportation, logistics updates, carrier licenses, and temperature in the process will be fully recorded in On the blockchain.