The partnership will use Smartrac’s RFID tags and Smart Cosmos, the company’s IoT solutions platform, to assign physical items a digital identity.
January 29, 2019
Citizens Reserve, Los Gatos, Calif., announced a partnership with Smartrac Technology Group, The Netherlands, to implement Citizens Reserve’s SUKU blockchain solution to improve the track and trace of goods from supplier to retailer.
By 2030, new emerging traceability technologies like IoT sensors, blockchain and food-sensing technologies could reduce food loss by 85 million tons.
January 23, 2019
Aiming to address global demand for food, The World Economic Forum, Switzerland, released “Innovation with a Purpose: Improving Traceability in Food Value Chains through Technology,” a report that investigates the role of disruptive technology applications capable of effectively tracing inefficiencies in food value chains.
Once the QR code is scanned, OpenSC automatically provides details regarding where the product came from, when and how it was produced and how it journeyed along the supply chain.
January 17, 2019
World Wildlife Fund (WWF), Switzerland, and BCG Digital Ventures (BCGDV), the Manhattan Beach, Calif.-based corporate venture, investment and incubation arm of Boston Consulting Group, Boston, Mass., launched OpenSC, a revolutionary new platform that leverages blockchain and other leading technologies to track the provenance of food from source to table.
The growing number of food fraud cases is a driving factor in growth of blockchain technology.
January 4, 2019
The overall blockchain in agriculture and food supply chain market is projected to grow exponentially stronger at a CAGR of 47.8% to reach $429.7 million by 2023 from an estimated value of $60.8 million in 2018, according to research conducted by MarketsandMarkets, Northbrook, Ill.
2018 was filled with many newsworthy buzzwords. Blockchain technology, artificial intelligence and automated solutions filled the headlines, while consumers voted with their dollars, opting for better-for-you products that donned bold flavor profiles and came packaged in 100% recyclable cartons.
b_verify is designed to help small and medium-size enterprises — especially those in developing nations.
November 27, 2018
An interdisciplinary team from Massachusetts Institute of Technology (MIT), Cambridge, Mass.; The Wharton School of the University of Pennsylvania, Philadelphia, Pa.; and Boston College, Chestnut Hill, Mass., created b_verify, a new blockchain-based system that has the potential to disrupt the global supply chain.