Australia's National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad. The trial was reported by the local transportation industry magazine Fully Loaded ATN on Dec. 10.
NTI will allegedly be partnering with BeefLedger, an Australian "incorporated provenance, blockchain security and payments platform," which unites blockchain with Web Things (IoT) technology to bolster product credentials throughout the distribution chain.
NTI and Beefledger's pilot may utilize the system to track the provenance and As ATN accounts, Australia is the third largest beef exporter worldwide, with a few 45,000 cattle producers forming the backbone of this industry.
The Usage of blockchain to Give an immutable list of their provenance, Safety and ethics of meat products is expected to reinforce the confidence of providers, exporters and consumers alike. BeefLedger chairman Warwick Powell has explained the selection of the Australia-China path for its blockchain pilot, outlining that in the context of burgeoning demand for beef imports, there's an"increased threat of counterfeiting and poor safety standards." He noted that:
Criteria and concerns for animal welfare, together with credibility and evidence of product origin, are one of the top priorities for Chinese customers. It is also what is driving consumer interest in Australian products."
As mentioned previously, Technology giant IBM has partnered with leading United States merchant Walmart on the creation of"The Food Trust, " blockchain, that aims to monitor food provenance globally and enable companies to quickly identify issues involved with food remembers, such as tracing contamination more quickly to limit customer threat.
This summer, the government of the South Indian state of Kerala declared it would begin Utilizing blockchain for food distribution and supply, also in combination with its technology.