VeChain’s milestone collaboration transforms food supply with Walmart.

The network celebrates 200,000,000 transactions with this collaboration.

VeChain’s tech ensures safety, traceability, and a brighter future.

In a groundbreaking collaboration, VeChain has propelled past 200 million transactions in partnership with Walmart, marking a significant achievement in the integration of blockchain technology in the food supply chain. VeChain’s (VET) commitment to enhancing food safety and traceability aligns seamlessly with Walmart’s dedication to key sustainable goals and robust regulatory compliance.

VeChain rockets past 200M transactions with Walmart!#VeChain is helping lift safer, traceable food with blockchain tech plus strong regulatory compliance, helping align Walmart with key sustainable goals. Another collaboration from VeChain launching a better future! $VET pic.twitter.com/iq3fWekhIS

— vechain (@vechainofficial) January 29, 2024

The collaboration between VeChain and Walmart represents a paradigm shift in the way food is tracked, ensuring safety and sustainability through innovative blockchain solutions. This milestone is not only a testament to VeChain’s technological prowess but also a crucial step towards revolutionizing the entire production-to-delivery cycle.

For long-term holders of VeChain, this achievement signifies a game-changing moment. The 200 million transactions milestone is seen as a validation of VeChain’s effectiveness in delivering cost-efficient solutions while addressing critical challenges in the food industry.

VeChain’s utilization of blockchain magic goes beyond mere transaction numbers. It fundamentally transforms the landscape of food safety and sustainability, offering a brighter tomorrow for consumers and producers alike.

The blockchain’s inherent features, including scalability and security, play a pivotal role in ensuring that every product recorded by VeChain’s network undergoes a transparent and secure production-to-delivery cycle. As VeChain continues to pioneer blockchain applications in the food industry, this collaboration with Walmart stands out as a beacon of progress.

By leveraging the power of blockchain, VeChain is not only making transactions more efficient but also contributing to a future where consumers can trust the safety and sustainability of the products they consume. This achievement reinforces VeChain’s position as a leader in blockchain innovation and its commitment to building a better, safer, and more transparent global supply chain.

Read Also

Walmart Pioneers Blockchain with VeChain in Food Supply Chain Management

VET Support Walmart’s Food Safety Traceability Platform

What’s Driving VeChain’s Ambitious Climb Toward the $0.049 Challenge?

Weekly Crypto Market News Round-Up (NOV 8 to NOV 14)

VeChain CEO Talks the Future of VeChain on Fireside Chat

The post VeChain Celebrates Milestone: Surpasses 200 Million Transactions with Walmart appeared first on Crypto News Land.

VeChain Grants 2.0 Launched — $100k Business and Sustainability Grants, New Tracks, and Game-Changing Opportunities for Sustainability-Focused ‘X-2-Earn’ dApp Ecosystems

The following text is a copy of the official press release that went out earlier today.

________________________________________________________________

VeChain Grants 2.0 will welcome greater financial support for grant recipients, additional funding tracks, and access to the BCG mentorship network and VC opportunities

On January 24, 2024, VeChain, a leading enterprise-grade L1 public blockchain, announced the launch of Grant 2.0, an upgrade to its existing developer grant program.

The new version of the program offers developers up to a new maximum of $100K in funding, a significant increase from its previous $30K limit, in addition to new marketing and microgrants, plus greater mentorship and support for sustainability grant recipients. The updated program is also designed to encourage the development of sustainability-focused decentralized ecosystems in the form of “X-to-earn” applications.

The upgrade responds to feedback regarding the original grant program and increases its attractiveness and overall support, part of VeChain’s efforts to continually adapt to the needs of Web3 builders. It is further proof of VeChain’s mission to offer the best possible support to developers, who will fuel enterprise and individual migration toward sustainable working and living.

WHY:

Sunny Lu, CEO at VeChain said: “Blockchain technology is our most powerful tool to incentivize greater sustainable activity at the individual and enterprise levels, and developers are the key to creating the applications that will drive that change. Our steadfast commitment to them goes hand-in-hand with our commitment to fostering global collective impact.

We’ve made it a priority to address the friction points from our first iteration of the grant program that participating developers brought to our attention, changed its focus to be solely on sustainability, and increased the possible funding amount to $100K. Our hope is that developers have the support they need to create the applications that will lead to a better tomorrow.”

GRANT PROGRAM UPDATES:

The major updates to the grant program, implemented to address direct feedback from previous participants, are as follows:

Seamless submission process — A bespoke website has been created for builders to submit their projects, intended to speed up the process and remove the overly technical, rigid requirements.

Greater grant size — the grant pool maximum has been increased from $30K to up to $100K in funding at each milestone delivery level.

New grant formats — Marketing grants, aimed to support community marketing efforts, and microgrants for smaller initiatives, such as tool integrations.

Greater sustainability weighting — Projects that align with VeChain’s ‘X-2-Earn’ vision for decentralized applications will gain greater weighting and are therefore more likely to receive approval

Increased support for sustainability grants — projects that are awarded sustainability grants will also receive check-ins from the VeChain team, the opportunity to participate in the BCG mentorship and VC networks, in addition to direct exposure on the vechain.org website and from VeChain social media accounts.

About VeChain:

VeChain, headquartered in San Marino, Europe, is the curator of VechainThor, a world-leading smart contract platform spearheading the real-world adoption of blockchain technology.

Through leveraging the capabilities of ‘trustless’ data (information without intermediaries), smart contracts, and IoT technologies, VechainThor has enabled solutions across a wide array of fields. VeChain now turns its attention to the greatest challenge of all — building digital ecosystems to drive sustainability and digital transformation at global scale.

VeChain Grants 2.0 was originally published in vechain on Medium, where people are continuing the conversation by highlighting and responding to this story.