FoodLogiQ, Durham, N.C., partnered with AgBiome Innovations, Research Triangle Park, N.C.; Subway/Independent Purchasing Cooperative, Miami, Fla.; Testo North America, West Chester, Pa.; and Tyson Foods, Springdale, Ark., to launch a blockchain pilot designed to raise transparency within their supply chains.
During the project, which is set to kick off in Q3 2018 by FoodLogiQ Labs, FoodLogiQ’s innovation arm, the pilot group will research blockchain’s opportunities and challenges within the food industry.
"Over the years, input from our customers and partners has been invaluable in helping us make critical improvements to the features and functionality of FoodLogiQ's products, and the same will be true with our blockchain pilot," says Dean Wiltse, chief executive officer of FoodLogiQ. "As a technology pioneer with a legacy of success in enhanced traceability for the food industry, FoodLogiQ will be taking the lead on blockchain exploration within the food space."
What makes blockchain unique is that it is a shared, permanent ledger that records all the transactions in chronological order that cannot be altered or deleted.
"Virtually everyone has heard the claim that blockchain will revolutionize business and redefine companies and economies, but it is in its infantile stage within the food supply chain," says Charles Irizarry, chief technology officer, FoodLogiQ. "We are finding that companies are jumping into blockchain pilots without first understanding their business problems. We look forward to working with current and future blockchain pilot partners to help them navigate this complex landscape and collaborate on how blockchain can support their unique business."