VeChain emerges as a top 50 food tracking service provider

VeChain emerges as a top 50 food tracking service provider


  • The Vechain blockchain has appeared on the list of the top 50 food tracking 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 tracking service providers in the world. VeChain is now on the top 50 list for its contribution to pioneering transparency in the industry.

The new development highlights yet another milestone achieved by the blockchain platform, which has been making rounds in the industry for its many use cases worldwide.

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 VeChain technology, updated his 27,000 Twitter followers on the recently achieved milestone.

Using the Vechain toolchain, the project serves the industrial blockchain application sector with the provision of secure and efficient enterprise blockchain tools and services.

Its rich experience in sustainable development, food safety traceability and anti-counterfeiting chip verification, and clean technology have 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 companies that the blockchain network has collaborated with on a global scale.

The blockchain platform has also been recognized by leading Chinese authorities. Nanjing Zero is one of the very first groups of blockchain technology compliance providers to receive approval from the National Internet Information Office (NIIIO).

NIIO is a member entity of the Trusted Blockchain Campaign of the Climate Chain Alliance (CCC). It is currently under the UN System Member Unit, which is a member unit of the Consumer Goods Forum (CGF). The unit has a handful of awards 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 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 the use of big data and advanced analytics, Vechain is one of the key players in the fast-growing Baas market.

VeChain acknowledged the report in a series of tweets, as it confirmed 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 closely aligned with real-world expectations – from built-in 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 focus on Baas design, develop and build blockchain applications. With the increase in the use of the Baas model, the market enters a decisive phase that marks the development of blockchain technology. As such, Otis’ blockchain and cryptocurrency use cases are expanding into different areas.


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

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Our work to date has helped set the standards for 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 unlock 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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