VeChain is eying to capture the growing Chinese Pet Food Traceability Market using its blockchain technology.
Against the overall market downturn from the global pandemic, China’s pet food industry bucked the trend with notable growth. It was valued at US$1.082 billion in 2020, and it is projected to reach US$1.4749 billion in 2026. Despite the surging expansion, the pet food market in China is not mature enough.
By leveraging the data visualization module of VeChain ToolChainTM, business owners can easily access the benefits of blockchain and implement blockchain in a lead time as short as a few days or weeks.
The market-ready product is able to be integrated in established SCM and CRM systems, and can efficiently improve the efficiency, traceability, and transparency of supply chains while lowering costs and giving individual users greater control. It is a win-win solution for the entire industry for both manufacturers and consumers.