VeChain Blockchain Solutions to Enter China’s Tobacco Industry in Force

VeChain Foundation
Jan 14, 2018 · 4 min read

Three months ago, DNV GL introduced a trusted “gateway” entity to VeChain, NRCC, or National Research Consulting Center, a top tier management, standard and IT consultant in China. (http://www.nrcc.net.cn)

VeChain will be providing proof of origin and anti-counterfeit technology to track Chinese produced tobacco products throughout the entire supply chain. This partnership came into place as China announced a crackdown on smuggled counterfeit cigarettes.

VeChain will work with tobacco regulatory bodies and manufacturers to create specific blockchain+IoT solutions to collect end user data so that manufacturers can utilize the data collected to management internal supply chain more effectively and to develop products which are more fitting to end users’ likings. This disruption can save increase transparency for regulators, save manufacturer costs, increase revenue, and eventually eliminate layers of distribution bottleneck.

About NRCC

NRCC’s services the following industries:

NRCC strategic business network includes some of the following:

State Tobacco Monopoly Administration and China Tobacco Corp.

Fuyao Glass

Beijing Automotive Industry Holding Co

CapitaLand

Hisense Electronics

General Motors

VeChain Foundation

Written by

The VeChain Foundation is a non - profit entity established in Singapore.

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