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.
More
  • Bitcoin (BTC) $8,416.33 (-3.00%)
  • Ethereum (ETH) $163.08 (-3.15%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $325.49 (-5.62%)
  • Bitcoin SV (BSV) $260.56 (-15.17%)
  • Bitcoin (BTC) $8,416.33 (-3.00%)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:52
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:24
Four Belgian banks including BNP Paribas, ING to share corporate KYC data using blockchain
10:34
Crypto Technicals: XRP/USD dives over 4%, more weakness on break below 21-EMA support (0.2231)
10:34
Dubai's government-owned utility company and Siemens organize blockchain lectures and seminars
10:18
SportsCastr to reward viewers with own cryptocurrency 'FanChain'
09:48
Hacker Noon deploys first blockchain feature after leaving Medium
09:10
Hyperledger launches community group to leverage blockchain to meet climate goals
08:32
Crypto Technicals: ETH/USD extends weakness below 200H MA, eyes 110-EMA support at 159.52
07:41
Deloitte sees Facebook's Libra as “bold new proposition” to create global financial infrastructure
07:06
Square receives U.S. patent for cryptocurrency payment network
07:00
Crypto Market - Asian Session Wrap - 23rd January 2020
06:50
Kik technical advisor to appear for deposition in ongoing Kin ICO case with SEC
05:40
Grayscale continues to support ethereum classic developers
05:40
Crypto Technicals: BTC/USD turns bearish near-term, eyes 21-EMA support at 8318
05:01
Central banks of Hong Kong and Thailand complete DLT trial for cross-border funds transfer
Jan 22, 2020 (Wednesday)
13:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:12
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft