National Fisheries Institute Works with IBM’s Blockchain Food Trust Network On Seafood Traceability
- The U. S. National Fisheries Institute, a seafood trade association, has decided to use IBM's Blockchain-powered Food Trust solution to trace food across the blockchain.
- The solution has been designed by IBM in order to ensure food safety.
Tracking Items on IBM's Proprietary Blockchain-based Network
IBM's Trust Solution is being used by the U.S. National Fisheries Institute to ensure safety of items. The information was originally reported by FoodOnline, a food-focused media outlet.
According to the site’s report, several companies are a part of this effort. Because of this, members of the Institute representing several industries such as importers, harvesters, cold storage, restaurants and processors are involved in the new initiative, which will track the products across the whole chain.
This new project was funded by the Seafood Industry Research Fund (SIRF). The chairman of the organization, Sean O’Scannlain, told the media outlet that traceability is nothing really new but the blockchain offers more options for the people who work in the industry.
Because of this, the company was decided to test the product created by IBM and use the Food Trust technology in order to generate more revenue by reducing the costs of tracking the seafood across its production and sale.
With the help of this new system, all the companies involved in the process will be able to see the data about the food chain and control it directly. All information, as usual, is immutable and hard to falsify, so people will be able to know pretty quickly where any problem started in the system.
Blockchain Tech Could Potentially Improve Many Traditional Business Processes
Raj Rao, the general manager of IBM Food Trust, has affirmed that the blockchain technology has the potential to make several changes to any industry and that several companies are starting to be interested in it exactly because of the potential that the technology holds.
This is true, as Bumble Bee Foods, the largest seafood firm in the U. S., has started to use this technology as well, just like many other companies from different sectors. The blockchain seems to be here to stay.