Join Our Mailing List
Friday February 03, 2023
Bitcoin (BTC) $23,441.28   Ethereum (ETH) $1,659.31
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

VeChain helps establish Shanghai Wine and Liquor Blockchain Alliance

Published by CryptoNinjas.net
06/07/2018
VeChain helps establish Shanghai Wine and Liquor Blockchain Alliance

Today, under the direct guidance of two government bodies — Shanghai Municipal Commission of Commerce and Shanghai Liquor Monopoly Administration — VeChain, DNV GL, D.I.G., the Business Information Center of Shanghai, and eight other government bureaus and enterprises formed the Shanghai Wine and Liquor Blockchain Alliance. The goal is to further the cause of China’s national strategy “to complete product quality traceability system by 2020.”

The Shanghai Wine and Liquor Blockchain Alliance will establish a cooperative platform for the research and development of alcohol production companies, alcohol trading enterprises, and technology providers in Shanghai, in order to build a solution for the tracing of alcoholic beverages in the municipality. The goals of the Alliance are to enhance logistics management, quality and safety retrospective systemization, and self-discipline within Shanghai’s liquor industry, and to create a robust environment for the development of its wine industry.

The Alliance aims to position Shanghai as the leader and innovation center of ‘blockchain technology + liquor traceability’ in China, facilitating the development of Shanghai into a “no-counterfeit wine and liquor zone” with strong domestic and international influence.

Richard Fu, VP at VeChain, attended to the Shanghai Wine and Liquor Blockchain Alliance Ceremony

The Alliance is also tasked with creating the flagship Shanghai liquor traceability system for the first China International Import Expo. This flagship traceability system will be used initially by over 500 retail outlets across Shanghai, with expected growth outside into the surrounding regions. Using blockchain technology, the authenticity of premier wine and liquor products will be maintained through the efforts of the Shanghai Wine and Liquor Blockchain Alliance.

Alongside their strategic partner, DNV GL, VeChain will represent the flagship traceability system at the first China International Import Expo in November. In regards to the impact and scope of the expo, President Xi Jinping stated: “It is not just another expo in an ordinary sense, but a major policy initiative and commitment taken of our own accord to open up the Chinese market.”

President Xi Jinping and other global leaders are expected to be in attendance.

Director Qi Qilong of the Shanghai Bureau of Alcoholic Bureaux Regulatory visited the Alliance and directed its goals. Director Qilong commented, “I hope the coalition will exert its strength to create new heights for Shanghai alcoholic beverages and promote innovation in the construction of the ‘four major brands’ in Shanghai. During the China International Import Expo, foreign friends will be presented with new models and new services for alcoholic drinks.”

Director Qi Qilong continued to express the intent of the Alliance by stressing his vision, stating:

“By applying blockchain technology to mid and high-end wines, which consists of more than 50% of Shanghai’s imports, consumers will be effectively protected. This process personally allows users to discern the “Wine of the West” brands and will coincide with the verification processes the Shanghai Wine and Liquor Blockchain Alliance, tags and brand represented on each bottle. This digitized path will greatly enhance consumer confidence.”

Core-Founding Members

Listed as core founding members are the Business Information Center of Shanghai, VeChain, D.I.G., and Shanghai Jieqiang Tobacco Sugar & Wine (Group) Co., a subsidiary of the state-owned company Bright Food.

The Business Information Center of Shanghai was established by Former Information Center of the Trade Department and Shanghai Government in 1993, specializing in collecting, analyzing and reporting business information to Shanghai government bureaus and provinces in eastern China. With its service network coverage and extensive marketing research ability, Business Information of Shanghai provides enterprises with multiple-valued information, consulting and business management service.

By offering services for government to constitute the development strategy, the Business Information Center of Shanghai has become one of the most influential information resources within the State Administration for Domestic Trade System. They boast a large scale business network of 4,500 retail outlets in Shanghai and eastern China. They have established working relations with:

  • Municipal Development and Reform Commission– Development model and method of cold-chain logistics for Shanghai agriculture products
  • Municipal Business Committee — Development and network construction of agriculture food circulation
  • Municipal Grain Bureau — Consumption survey report of oil in Shanghai
  • Municipal Liquor Bureau — Data collection and analysis of liquor circulation in Shanghai
  • A multitude of well-known international and domestic enterprises.

Six additional founding members in attendance of the initial event include:

  • DNV GL
  • Wine Owner of Shanghai Enterprise Development Co., Ltd.
  • Shanghai Tianbang Wine Co., Ltd.
  • Shanghai Wine Product Quality Inspection Center Co., Ltd.
  • Shanghai Haoze Trade Co., Ltd.
  • Beijing Winsellsong Software Technology Co., Ltd.
  • Shanghai Founding Enterprise Management (Group) Co., Ltd.
34
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Ubitquity teams with VeChain on blockchain-powered tools for title industry

03/30/2021
Ubitquity teams with VeChain on blockchain-powered tools for the global title industry

Ubitquity, an enterprise blockchain-secured platform for real estate and title recordkeeping, has announced that it is now a business partner of VeChain. According to their website: VeChain ToolChain is a comprehensive blockchain platform offering...

Read more

CREAM to collaborate with crypto exchange Bitrue to support VeChain projects

02/24/2020
CREAM to collaborate with crypto exchange Bitrue to support VeChain projects

CREAM, a VeChain-based strategic advisory and investment incubator, and Singapore-based cryptocurrency exchange Bitrue, today have announced a partnership which will focus on pushing real value to CREAM-incubated projects and the wider VeChain ecosystem. The...

Read more

San Marino to use VeChainThor blockchain to help become carbon neutral country

07/29/2019
San Marino to use VeChainThor blockchain to help become carbon neutral country

Last week, a Memorandum of Understanding was signed between the Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation, and Telecommunications, Republic of San Marino Innovation Institute S.p.A, DNV GL Business...

Read more

VeChain (VET) now available on crypto payment app Metal

07/01/2019
Metal Vechain

Metal Pay, cryptocurrency app that rewards users each time they send or receive money, has announced that as of now, the VET token of blockchain platform VeChain is available to buy and sell in...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy