Copy link
Increase text size
Decrease text size
Link copied

KT, Nongshim Data System to implement blockchain tech in food distribution system

Mon, 29 Jul 2019, 12:32 pm UTC

South Korean telecom giant KT has announced its plans to expand blockchain-based food distribution ecosystem in collaboration with Nongshim Data System (NDS), an affiliate of South Korean food and beverage company Nongshim.

The objective is to enhance transparency in the management of agricultural and livestock products by applying blockchain to food distribution.

In a press release dated July 19, KT said that consumers would be able to safely consume food as the entire process including food production, processing, inspection, logistics, sales, and consumption will be managed by blockchain technology, which cannot be tampered with.

KT and NDS plan to establish a blockchain-based food safety history management platform in the latter half of this year, which will combine blockchain development platform, GiGA Chain BaaS (Blockchain as a Service), with NDS' food history management solution.

Taking the example of beef, KT explained that consumers would be able to check key details about the product such as distribution routes, information of the livestock industry, processors, intermediate distributors, etc., using the bar code or QR code of the beef packing material.

The real-time recording and verification of all related transactions using blockchain, the companies found that the traceability time was reduced from the existing up to 6 days to less than 10 minutes.

Last September, NDS announced a project that applies blockchain technology to the food safety sector. It said that it plans to introduce cutting-edge techniques in Korea in collaboration with global food tracking solution providers, such as Ambrosus and TE-FOOD.

[The article has been written using online translation of the press release]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $60,806.00 (+0.26%)
  • Ethereum (eth) $2,177.93 (+1.03%)
  • Binance Coin (bnb) $558.88 (-0.84%)
  • XRP (xrp) $1.55 (+16.02%)
  • Tether (usdt) $0.999843 (-0.21%)
  • Bitcoin (btc) $60,806.00 (+0.26%)
Apr 13, 2021 (Tuesday)
06:40
dHEDGE Launches Tokenized Index Tracking Its Top 10-Ranked Traders
06:39
Blockchain-Based Edu Tech MetisEdu Beta Platform To Be Released In April
06:36
Robinhood took to Twitter to state, "We’re currently experiencing issues with crypto trading. We're working to resolve this as soon as possible.
06:36
BTC Drops by 1.05% Within 5 Mins, Marking 60,727.67 USDT
06:23
Tetragon To Pay Ripple $3.4 Million In Legal Fees After Failed Lawsuit
04:02
Bitriver To Sell Tokens Backed By 100 Megawatts Of Low-Carbon Siberian Mining Power
03:38
PlatDOT Launches Public Testnet With ChainX
03:15
USDT, USDC, And BUSD Represent 93% Of Stablecoin Market Cap
03:14
CoinNess Market Surveillance Apr. 13: BTC Trading Near $61000 Level
02:30
Crypto Market Sentiment On Apr 13: Market In "Greed"
02:25
Thorchain Set To Launch Trustless, Cross-Chain Crypto Trading
02:11
Chat App Giant Kakao ‘Owns 23% Of Crypto Exchange Operator’
02:00
UNI Tops List Of Crypto Net Inflow With $74.11 Mln In Past 10 Hours
01:44
TRIX, KlaySwap DeFi Surpassed $20 Million
01:43
ENFTEE Premium NFT Exclusive Market's First Edition Sold Out, Second Edition Released
01:36
Coinone To List SOBA Project (SOBA)
01:35
Data Summary Of Boboo.com's Perpetual Contract: April 13
Apr 12, 2021 (Monday)
10:48
Jed McCaleb Dumps 100 Million XRP In Past Week, Receiving 365 Million From Ripple
10:38
Ankr Partners With Polygon To Provide L2 API Services
10:22
India: Government To Keep An ‘Open Mind’ Regarding Bitcoin And Crypto In The Country
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft