Sam & # 39; s Club, a China-based Walmart subsidiary, has partnered with blockchain-based supply chain management platform VeChain (VET) to find rail products sold through the store chain.
PricewaterhouseCoopers (PwC) will assist in the Sam & # 39; s Club Blockchain Traceability Platform project, which is intended to both ensure food security and provide greater transparency to consumers in China.
Since mid-2019, PwC China and Walmart China have developed a traceability platform on the VeChain blockchain called the Walmart China Blockchain Traceability Platform.
Sam's Club has 2.5 million customers
Sam's Club is a single membership-only retail chain serving 26 stores in China with an estimated customer base of more than 2.5 million people. The chain is expected to launch another 15 to 20 new stores by the end of 2022.
Sam's Club will use a customized version of VeChain's ToolChain platform alongside software sensors, hardware sensors and Internet-of-Things (IoT) technologies to automatically upload data from across the company's supply chain to the blockchain.
Customers can then access detailed information about the origin of products in the & # 39; store by scanning QR codes printed on & # 39; e packaging for goods from Sam & # 39; s Club.
VeChain doubles down on food traceability
In an announcement released on June 2, VeChain noted that Sam & # 39; s Club has recently increased its range of premium foods, "including imported seafood, meat, wine and dry goods."
VeChain emphasizes the "long-term pain points in transportation for fresh food, product selection, transparency and visibility of product information", and demonstrates the effectiveness of blockchain solutions in addressing such issues.
In November 2019, VeChain unveiled 'Foodgates', a blockchain-based tracking system designed for the food and drink sector. The company highlighted that DLT traceability platforms for food and other products stood to benefit from China's increasingly pro-blockchain position.