Copy link
Increase text size
Decrease text size
Link copied

National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust

Fri, 14 Jun 2019, 10:33 am UTC

The National Fisheries Institute (NFI) is going to start a supply chain traceability pilot program for seafood in collaboration with IBM’s Food Trust.

NFI is the United States industry trade group representing the seafood industry. The non-profit organization dedicated to education about seafood safety, sustainability, and nutrition.

Launched last October, Food Trust is an initiative that aims to enhance visibility and accountability in the food supply chain using blockchain technology. It creates a digital record of transactions or interactions – from packaging date to the temperature at which an item was shipped, to its arrival on a grocery shelf.

The pilot program, purportedly the first multi company and seafood species effort, will involve participation from NFI members, including harvesters, importers, processors, cold storage, foodservice restaurants and retail are all involved in the program.

The objective is to increase transparency, optimize supply chain processes and combat fraud. IBM’s system will help ensure that companies can set rules about who can see the data they upload and for how long and that they maintain control of their data even after it has been uploaded to Food Trust.

“We are excited that NFI and the real seafood value chain will test IBM’s technology,” said NFI President John Connelly. “NFI members’ supply chains are dynamic and wide reaching, a fertile ground for this type of pilot.”

According to the press release, the project is being funded by the Seafood Industry Research Fund (SIRF).

“Traceability is nothing new to the seafood community but blockchain is,” said SIRF Chairman and Fortune Fish & Gourmet CEO Sean O’Scannlain. “Whether it’s farmed or wild, we will test how IBM’s Food Trust can help seafood businesses generate revenue and reduce costs, from harvest to distribution to our customers.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,522.15 (+3.57%)
  • Ethereum (ETH) $222.55 (+6.74%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $240.99 (+3.34%)
  • Bitcoin SV (BSV) $193.31 (+2.62%)
  • Bitcoin (BTC) $9,522.15 (+3.57%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft