VeChain: Walmart Workflow Explodes and New Green NFT Marketplaces Launch

• Walmart sets a new monthly VeChain transaction record in December 2022.
• The achievement comes even as VeChain continues to receive accolades for its promotion of sustainable technology.

The partnership between Walmart China and VeChain continues to mark new milestones. Walmart broke its previous monthly transaction record during the month of December.

According to data highlighted by pseudonymous VeChain community administrator VetMaik, the previous monthly record was set in November. The feat points to the continued growth of the retail company and the workload it is sending to VeChain, VetMaik noted.

Meanwhile, transaction volume for December was topped with Walmart completing 1.8 million transactions in a single day during the month.

📈Walmart China continues to grow📈

Last December, Walmart broke their previous clause record from the month before that. They topped it with 1.8 million clauses in ONE SINGLE day.

Are you bullish on #VeChain? pic.twitter.com/91VQch3PEB

— VetMaik (@VetMaik) 6 January 2023

Walmart China uses VeChain blockchain to power its blockchain-based food traceability and tracking solution. The platform allows Walmart customers to easily scan and track the history of food items purchased at the chain’s stores.

According to a recent article by Michele M., head of the supply chain twin transition department at the classification body DNV, the partnership has benefited both parties. For Walmart China, the solution has improved the speed and accuracy of food traceability protocols.

The improvement was also achieved with reduced associated costs and reduced losses, while helping the brand prevent reputational damage. The DNV official cited Walmart’s VeChain integration as a good example that blockchain technology can be implemented in all industries.

Similarly, VeChain has benefited from the massive transaction volume the platform has driven to the network. Walmart’s success is also leading thousands of other companies to adopt VeChain.

VeChain continues to promote green and sustainable innovation.

Walmart is not the only brand that has recognized VeChain’s industry-leading position in providing sustainable blockchain solutions. VeChain’s blockchain-as-a-service (BaaS), Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions were recently praised by Laava ID.

In a tweet, the Australia-based digital identity company received high praise for VeChain’s first and largest non-fungible token (NFT) marketplace, World of V. It noted that World of V is shaping a culture led by environmental sustainability and accessibility. The NFT marketplace does this by providing a free, green NFT marketplace.

The World of V is the zero-free, green #NFT marketplace building a safe, entertaining place for digital creators worldwide@worldofv_art leads the way in shaping a culture led by environmental sustainability and accessibility.#Laavapartner #VeChain #NFTs pic.twitter.com/7jTdUSWPKR

— Laava® (@laava_id) 8 January 2023

Notably, Laava ID achieved a partnership with VeChain last October. The company intends to adopt VeChain as its public blockchain service provider for its smart fingerprint protocol. The protocol has already gained traction among brands from the food industry.

Meanwhile, World of V recently partnered with the VeChain Foundation to launch the first VeChain community digital collectible. The event introduced the concept of “phygital” digital collectibles – which combine NFT technology with physical collectibles.

The innovation and traction VeChain is seeing could potentially drive positive sentiment for VET. At press time, VET was trading at around $0.017, up 9.08 percent in the last 24 hours. The daily performance has pushed the token up 10.6 percent in the weekly time frame.