• Days
  • Hours
  • Mins
  • Secs
  • Tue, 17 Sep 2019, 11:02 AM
  • All times are UTC
  • Edition:
    International
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) $10,219.50 (-1.28%)
  • Ethereum (ETH) $198.84 (+2.40%)
  • XRP (XRP) $0.266700 (+1.76%)
  • Bitcoin Cash (BCH) $308.05 (+0.38%)
  • Litecoin (LTC) $72.88 (+2.54%)
  • Bitcoin (BTC) $10,219.50 (-1.28%)
Sep 17, 2019 (Tuesday)
10:55
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
10:18
Hedera Hashgraph blockchain goes live with 26 dapps
08:38
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
07:38
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
06:48
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
06:02
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
05:24
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
05:17
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
04:37
Blockchain food provenance platform OpenSC secures $4M in seed funding
04:03
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
03:48
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
03:39
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
03:35
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Sep 16, 2019 (Monday)
11:57
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:31
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:24
HTC’s blockchain smartphone Exodus 1 adds support for Bitcoin Cash
10:14
Crypto Technicals: DASH/USD capped below 50-DMA, 'Bullish Divergence' keeps scope for upside
06:51
Crypto Technicals: LTC/USD breaks above 21-EMA, scope for further gains
06:41
ConsenSys enters decentralized finance ecosystem with new product suite ‘Codefi’
06:06
Kaleido Blockchain integrates QEDIT Zero-Knowledge Proof Enterprise Privacy Solution
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft