1.Walmart’s China Blockchain Platform Is Now Powered by VeChain (VET)
2.Plouton Mining Announces Plan to Build the Largest Clean Energy Solar-Powered Bitcoin Mining
1.Walmart’s China Blockchain Platform Is Now Powered by VeChain (VET)
The Chinese arm of retail giant Walmart has announced that it is launching the Walmart China Blockchain Traceability Platform. The platform has been based on the VeChainThor Blockchain in partnership with PwC, VeChain and others. The News was published on Medium Post.
The new Walmart China Blockchain Traceability Platform already have 23 product lines tested and listed, VeChain said, with another 100 planned by the end of the year across 10 product categories including fresh meat, rice, mushrooms, cooking oil and others.
We are proud to announce that the Walmart China Blockchain Traceability Platform is now powered by VeChainThor Blockchain!
With @PwC, we believe #IoT and IR4.0-based traceability management will be a norm in the retail and supply chain industries.https://t.co/lTfuX0qKvm
— VeChain Foundation (@vechainofficial) June 25, 2019
Walmart has always worked to give reliable products of quality and helpful services to customers, which is our core value proposition,” said Shi Jiaqi, Chief Corporate Affairs Officer of Walmart China. “With this target in mind, Walmart has continuously invested in the entire supply chain, from source procurement and commodity strategy, supply chain construction, to store and e-commerce platform operation management.”
In terms of the press release, it noted: “It is expected that the Walmart China’s traceability system will see traceable fresh meat account for 50% of the total sales of packaged fresh meat, traceable vegetables will represent for 40% of the total sales of packaged vegetables, traceable seafood will account for 12.5% of the total sales of seafood by the end of 2020.”
About VeChain
Vechain is Launched in 2015, It aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration.
2.Plouton Mining Announces Plan to Build the Largest Clean Energy Solar-Powered Bitcoin Mining
California-based mining company Plouton Mining will establish North America’s biggest solar-powered bitcoin mining farm, The News was published on official Twitter Page.
Plouton Mining is a subsidiary of the Plouton Group Holdings, clarified completely that the new site in Western Mojave will be furnished with 49 acres’ solar panels, which will have the capacity to generate around 10-13 megawatts of electricity daily.
The location was picked because to its high yearly standard of sunlight, which averages 70%, with the company planning to enter agreements with goal utilities providers to secure low-cost power for the remaining time. Plouton Mining will contract with local utility suppliers to allow for ultra-cheap operating costs when the sun goes down. This model also benefits the local utility providers who are left with an excess supply during much of the nighttime hours when demand is at a low. As a result, Plouton Mining will enjoy the lowest all-in energy costs possible.
Ramak J. Sedigh, the operation’s CEO, remarked in the press release.“We are extremely pleased to offer people the chance to participate in the growing Bitcoin blockchain economy without having to purchase the mining equipment themselves.”
The crypto market is as of now very attractive, as more investors and new traders are trooping in on a daily basis. This is to a great stability in the price of the coins and the renewed endeavors avoid another disaster.
About Plouton Mining
Based in Western Mojave, CA, Plouton Mining will implement new, sustainable mining practices that will allow the industry to continue to scale and grow. Instead of relying on “cheap electricity” that will increase in price over time and become unsustainable, Plouton Mining intends to leads the next generation of bitcoin miners by harnessing the power of sustainable energy.
