VeChain, ASI Group and DNV GL Find Solutions for the Food & Beverage industry through Blockchain

A source from PRNewsWire confirms that VeChain, a public blockchain platform, attended The China International Import Expo 2019 (CIIE), an event that supports international trade and globaliztion. The orgnization announced that it will be partnering up with DNV GL and ASI Group to launch "the first cross-continental logistics and trades solution powered by the VeChainThor public blockchain for food & beverage industry named Foodgates".

This platform will be first powered by blockchain that will contain information about the full lifecycle of the product. The three firms will also work on Foodgates a project that will use blockchain to track products for high-end consumers. Mathieu Borgé, Co-founder of Foodgates, ASI Group, said: "We developed a blockchain-powered solution which connects the best of French products to Chinese buyers, aiming at bringing transparency and traceability to the French-Chinese B2B market."

"The immutability of public blockchain coupled with verifiable information makes this solution really unique. We see the massive potential of this collaboration, as the products are reaching out to an enormous market in China," said Kevin Feng, the COO at VeChain.

Chinese President Xi Jinping underscored the importance of blockchain in technological innovation.