Blockchain News

Blockchain technology to be used in Tracing food

The food sustainable food industry

According to reports coming from a food source and nutrition company named Organo. Made an announcement that the IBM Food Trust company will be using the Blockchain for as a global ecosystem for the food industry. The company has stated that there must be verifiable trust products coming from the company. And there are multiple products that have been planned for testing and launch from Organo soon.

There will be a good amount of products that will be released on the platform by the end of the year. Which is expected to include skincare products, dietary supplements and beverages.

The blockchain implementation

IBM Food Trust is now planning on implementing a traceable strategy through the distribution of shared information about the Oregano company. This information sharing will include all consumers, suppliers, partners, stakeholders, commerce partners, distributed partners in a secured way on the Blockchain.

Proof of Capital

According to the Managing Director of the Global Strategy , Leonard Chin that:

“Treating trust as a product ingredient and prioritising trust as highly as any other ingredient of our product creates new opportunities for Organo around the world. Unlike other consumable product ingredient, trust does not have an expiry date. The Organo products Trust platform allows our stakeholders to scan a product to interact with detailed information. Including product source, quality assurance, logistics, inspection reports, supplier data, commerce platforms and more. We are pioneering an entirely new relationship between our supply chain and consumers based on our new Vertical Market Ecosystem Model.”

All information that will be available on the Blockchain will be connecting secure supply chain data across the ecosystem. Which will ensure trust and transparency. As users of the platform will be experiencing insights into optimum supply chain processes, along with increased food service safety, waste, fraud and freshness.

The Food Trust General Manager, Raj Rao stated that:

“Blockchain technology has the potential to transform any industry, especially when we have multi-stakeholder environments, business and organisations such as in supply chain. Working with Organo and its ecosystem of stakeholders including supply partners, distribution partners, and others, can help address some of the pain points of the markets Organo operates within.”

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coinmag

My occupation is the Research of blockchains and their practical applications in the economy. I have graduated through various levels of education, including electrical technique, Business, Psychology, and innovative technologies.

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