• The Vechain blockchain has emerged on the list of the Top 50 Food traceability service providers, as it globally transforms food sustainability. 
• A new report from a top research firm describes VeChain as a key player in the growing Blockchain as a service (Baas) market. 

VeChain has made it to the forefront as one of the leading food traceability service providers in the world. VeChain is now in the top 50 list for its contribution to pioneering transparency in the industry.

The new development highlights yet another milestone attained by the blockchain platform, which has been making rounds in the industry for its multiple use cases across the world.

The update was first shared on Twitter, by a key VeChain supporter. Eisenreich, who is behind a Twitter account dedicated to sharing achievements related to the VeChain technology, updated his 27,000 Twitter followers on the newly attained milestone.

Using the Vechain toolchain, the project serves the industrial blockchain applications sector with the provision of safe and efficient blockchain tools and services for enterprises.

Its rich experience in sustainable development, food safety traceability and chip anti-counterfeiting verification, and clean technology has helped it develop cooperative relationships with leading companies in different parts of the world.

Shanghai Gas, Bayer China, Det Norske Veritas, and Yongpu Coffee are some of the many other firms that the blockchain network has partnered with on a global scale.

The blockchain platform has also been recognized by leading Chinese authorities. Nanjing Zero is one of the very first batches of blockchain technology compliance providers that have gained the approval of the National Internet Information Office (NIIIO).

The NIIO is a member unit of the trusted blockchain promotion plan of the Climate Chain Alliance (CCC). It is currently under the United Nations system Member Unit, which is a member unit of the Consumer Goods Forum (CGF). The unit has a handful of honors and recognitions from various industry associations and mainstream media.

VeChain thrives in the Blockchain as a service (Baas) sector

VeChain is also making waves in the Blockchain as a service sector. According to recent research, the Vechain blockchain is a major figure in the growing Baas market.

According to introspective market research, a global market research company specializing in using big data and advanced analytics, Vechain is one of the key players in the rapidly growing Baas market.

VeChain acknowledged the report in a series of tweets, as it affirmed the company’s growth so far.

Vechain’s BaaS blockchain solutions are in a different league – we’ve worked closely with leading businesses and enterprises to build a network that closely aligns with real world expectations – from in-built compliance, to our unique features.

Blockchain-as-a-Service (BaaS) involves the process of creating, managing, and maintaining cloud-based networks for specific firms. Companies that center on Baas, typically design, develop and build blockchain applications. With the rise in the adoption of the Baas model, the market is entering a crucial phase that marks the evolution of blockchain technology. As such, Otis’s use cases of blockchain and cryptocurrencies are expanding to different areas.

VeChain reckons that the network’s work over the previous years to date has played a massive role in helping to set the standards of the digital economy across multiple jurisdictions. As a result of this, VeChain’s position in the market has been cemented as the leading public protocol for sustainability and digital transformation at a global scale. In the long term, Vechain is well-positioned to make an even bigger impact in the sustainability sector.

Our work to date has helped set the standards of the digital economy across multiple jurisdictions and cements our place as the leading public protocol for #sustainability and digital transformation. Long term value creation is the key to success – we’re unlocking the next generation of data management, introducing trust, efficiency, cost and time savings. VET is the future of blockchain – join us, and help us build that reality.

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