US National Pork Board Will Test Blockchain Pilot with for Livestock Supply Chains

The United States National Pork Board has recently started a new partnership in order to start using the blockchain technology. The partnership will be with, a new blockchain startup which is set to develop a blockchain platform for pork supply chains in the country.

According to the press release of the joint venture, the collaboration will be important for the organization to get access to this technology, which will help it to track these products and to evaluate better sustainability practices in the industry, as well as to develop new food safety standards and more.

This new platform will offer an in-depth insight into how the production of pork works and make the certification of the parties who are in it more transparent and easy to make. This way, the companies that use the software will have statistics and information which will show them how the pork is being produced and shipped., which is set to create this new platform, has affirmed in the press release that all the information in the system will always remain anonymous. The co-founder of the company, Raja Ramachandran, has affirmed that the members of the National Pork Board will have several new abilities by using the technology.

These abilities will be to create a shared and immutable record of what is happening with the product in real time and also to address several critical food issues like the sustainability of the market, the quality of the product and where is it wasted, as well to reduce the chances of fraud because the product will be tracked in real time.

For instance, it was mentioned in the press release that the waste created by this kind of service can cause significant harm to groundwater in several areas. North Carolina and Iowa, two regions in which this industry is very predominant, already have faced problems with this issue.

Companies Are Using The Blockchain To Track Food All Over The World

Several companies have recently started to use the blockchain to track food. For instance, Bumble Bee Foods, the largest shelf-stable seafood company in the U. S., has recently launched a joint venture with the Germany company SAP to monitor its supply chain of fish.

Another important company which has also started with these services is Carrefour, the retail giant from France. The company is currently using the blockchain to track micro-filtered full-fat milk, among other products.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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