VeChain Shines in Groundbreaking Master Thesis: Pioneering Blockchain Technology to Revolutionize Business Operations

• VeChain has its own blockchain-based food-safety solution VeChain Toolchain which helps food industry businesses quickly deploy blockchain technology at their end.
• The VeChain ToolChain™ food safety solution is known for its high standardization, low cost, and flexibility in the market.

Over the past few years, developers have been building blockchain platforms that cater to different industrial use cases. Enterprise-grade Layer-1 network VeChain is one such blockchain platform that has been at the forefront of implementing blockchain technology for different business applications.

The VeChain blockchain recently found a mention in the master thesis “Use of Blockchain Technology in Business Operations”. The thesis specifically talks about the IBM Food Trust, wherein the VeChain blockchain network addresses several use cases such as the procurement, sales, and logistics of food products.

Back in 2020, VeChain officially launched its blockchain-based food safety solution using its one-stop data Blockchain-as-a-Service (BaaS) platform called VeChain ToolChain™.

This solution also allows the food sector to quickly deploy blockchain technology, making it the fastest platform in the industry. The Food Safety Solution powered by VeChain ToolChain™ combines their advanced technology and experience, addressing the urgent needs of the food industry in this new era.

Unlike many other BaaS platforms that only offer high-level framework services, VeChain ToolChain™ provides ready-to-use blockchain applications. This makes it easier for businesses in the food sector to adopt blockchain technology. Enterprises can quickly deploy and implement these solutions to meet their specific business needs.

Furthermore, VeChain aims to enable technology implementation that adds tangible value to enterprises. By using pre-built templates based on successful solutions from other clients, food enterprises can achieve full lifecycle traceability for their supply chains. This traceability also covers everything from cultivation, processing, packaging, logistics, retail, and more, providing transparency and security from the farm to the customer’s hand.

The Value VeChain ToolChain Brings to Businesses

The VeChain ToolChain™ food safety solution is known for its high standardization, low cost, and flexibility in the market. It also provides customizable tools and white-label services, allowing consultant companies to easily get and use the Food Safety Management Service for their clients. VeChain ToolChain™ offers four main benefits:

1. Efficiently test and implement blockchain proofs-of-concept for the food industry with various traceability templates for different sectors.
2. Easily scale and customize blockchain solutions, saving time and costs for large-scale blockchainization.
3. Improve brand image and customer confidence by providing transparent product information stored on the blockchain.
4. Unlock new business value through data on the blockchain, including increased efficiency in compliance review, logistics, and supplier evaluation, and access to third-party services at lower costs.

VeChain ToolChainTM helps medium-sized firms save time and money by streamlining their supply chain management. It provides various services like data storage, validation, and product traceability, helping businesses gain a competitive edge.