Copy link
Increase text size
Decrease text size
Link copied

KPMG rolls out blockchain-based track and trace platform in Australia, China and Japan

Thu, 28 Nov 2019, 06:22 am UTC

One of the Big Four, KPMG, has announced the launch of a blockchain-based ‘track and trace’ platform in Australia, China and Japan.

Called KPMG Origins, the platform leverages a number of innovative technologies including blockchain and internet of things sensors (IoT), along with data and analytics tools. The objective is to enable global trade and provide a competitive edge for Australia industries, helping them demonstrate the provenance of their product on a global level.

The platform will provide transparency and traceability to trading partners across multiple industries including agriculture, resources, manufacturing and financial services. These trading partners will be able to better communicate unique product information across their supply chains, particularly to end users, while reducing operational complexities.

"From agriculture to financial services, the complexity of supply chain ecosystems creates operational risks, reconciliation challenges as well as safety concerns. KPMG Origins’ goal is to solve these problems by providing independent third-party verification and certification of data and processes,” Ken Reid, ASPAC Head of Advisory and Partner, KPMG Australia said.

According to a press release, CANEGROWERS, the peak body for Queensland’s sugarcane growers; SunRice, one of Australia’s largest food exporters; and leading riesling producer, Mitchell Wines are already trialing the platform.

The project with CANEGROWERS is focused on exploring the potential of blockchain to demonstrate the sustainability credentials of sugar produced in Queensland and thereby driving a return to growers in recognition of their environmental sustainability practices.

CANEGROWERS Senior Manager – Membership Engagement & Innovation, Matt Kealley believes in the potential of KPMG Origins to provide a platform that will enable end-users to capture the sustainability credentials of the product directly from the grower to customer.

“By working together as an industry to explore cutting-edge tech such as blockchain, we are exploring ways to get value back to growers and the Queensland sugar industry,” he said.

The launch of KPMG Origins follows pilot implementations with clients across Australia, China and Japan, KPMG said, adding that the platform is being rolled out across the Asia Pacific as part of the regional firms’ broader investment in blockchain capability.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,124.46 (-2.16%)
  • Ethereum (ETH) $142.80 (-1.50%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $207.22 (-2.22%)
  • Litecoin (LTC) $43.64 (-1.64%)
  • Bitcoin (BTC) $7,124.46 (-2.16%)
Dec 14, 2019 (Saturday)
Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
Terra launches stablecoin-powered payments service in Mongolia
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
Twitter looks to blockchain to decentralize social media
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
ING bank developing custody project for digital assets: Report
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
Franklin Templeton leads blockchain-based social impact platform’s funding round
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.