R3, ripe.io team up to enhance transparency and trust for food and agricultural supply chain using blockchain
Wed, 19 Jun 2019, 10:55 am UTC
Blockchain firms R3 and ripe.io have teamed up to enhance transparency and trust in food and agriculture supply chains through the digitization and enterprise adoption of blockchain.
Under the partnership, ripe.io will leverage R3's Corda Enterprise and Microsoft Azure to serve its growing food and agricultural customer base.
Corda Enterprise platform’s key features such as scalability and data privacy management will enable ripe.io to better serve its institutional customers. By connecting into the Corda ecosystem, ripe.io's food and agriculture supply chain participants will join more than 300 of the world's largest companies already utilizing the R3 platform.
The collaboration will also enable ripe.io to improve trust and confidence in the food supply chain through a platform which would allow anyone to access transparent and reliable information on the origin, the journey, sustainability and the quality of their food.
On the other, R3 will be able to expand its platform into the food and agriculture sector, which has largely remained untouched by its technology.
"ripe.io has been on the forefront of engaging all of the actors in the supply chain to digitize activity from farm to fork. As a blockchain platform built with the rigorous privacy demands of global business in mind, Corda Enterprise is the perfect platform for their efforts. We are excited to welcome ripe.io to the R3 community and to expand our ecosystem into food," said David E. Rutter, CEO and founder of R3.
The initiative is also backed by Microsoft, which will provide its cloud technology for data, security and improved blockchain capabilities for enterprises.
R3 and ripe.io will explore incorporation of Microsoft's advanced AI platform and tools, specifically tailored to the needs of the vast food and agriculture domains that are in need of transparency and improved trust, enabling consumers to know more about their food.
"As digital transformation sweeps through the food and agriculture supply chain and extends beyond the walls of an individual organization, companies need solutions that enable them to securely optimize and share their business processes and data. We see ripe.io as an agent of innovation and are thrilled to partner with them,” Craig Hajduk, Principal PM Manager, Microsoft Azure at Microsoft Corp. said.
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