• Fri, 15 Nov 2019, 08:30 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain

Fri, 18 Oct 2019, 10:13 am UTC

Tech giant IBM has announced a new initiative to digitize the supply chain for scallops using blockchain technology.

In a press release dated October 17, IBM announced its partnership with Raw Seafood that will aim to enhance seafood traceability via IBM Food Trust.

The companies will connect various stakeholders, including global sourcing partners, retailers, and restauranteurs who will start using the IBM Blockchain-based platform to digitize the scallops supply chain.

Initial participants include Santa Monica Seafoods, one of the largest seafood distributors in the Southwest. Restaurants including TAPS Fish House and Brewery in Orange County, CA and Santa Monica Seafoods Market & Cafes will be among the first to serve scallops traced using Food Trust.

As per the details, a fleet of scallopers owned by Capt. Danny Eilertsen of New Bedford, MA, will upload the data about their catch onto the platform. The information, along with images and video, is uploaded via satellite while still offshore.

The platform will allow permissioned parties, including distributors, suppliers, retailers and their customers, to view and track various details including when and where a given lot of scallops was harvested, when the boat landed portside, and when each scallop lot was hand graded, selected, packed and shipped to its final destination.

"Traditionally, tracing the origin of a given food product could take days, if it was possible at all, especially for wild caught sea scallops. By reducing that time frame to a matter of seconds, we're able to solve three of the core consumer concerns that deter them from enjoying seafood: safety, sustainability and authenticity,” said Rajendra Rao, General Manager of IBM Food Trust.

Raw Seafoods also plans to launch a consumer-facing app, connected directly to the Food Trust platform. Through the app, consumers will be able to access information about their scallops directly from the menu or point of sale in the retail locations by simply scanning a QR code.

Launched last October, Food Trust is an initiative that aims to enhance visibility and accountability in the food supply chain using blockchain technology. A number of organizations including Walmart, Unilever, Nestlé, Carrefour and others are involved in the initiative.

In June, the National Fisheries Institute (NFI) announced a supply chain traceability pilot program for seafood in collaboration with Food Trust.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,635.70 (-1.16%)
  • Ethereum (ETH) $184.02 (-1.57%)
  • XRP (XRP) $0.266800 (-1.20%)
  • Bitcoin Cash (BCH) $275.42 (-1.69%)
  • Litecoin (LTC) $59.77 (-0.22%)
  • Bitcoin (BTC) $8,635.70 (-1.16%)
Nov 14, 2019 (Thursday)
12:14
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:59
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
10:46
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
10:11
ASX-listed firm DigitalX launched new bitcoin fund
09:23
Telegram denies all SEC allegations concerning its gram token and sale
08:23
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
07:17
AFME calls for a common approach for regulation of crypto-assets in Europe
06:49
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
06:21
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
05:20
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
05:19
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
04:35
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
04:06
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
13:19
CME sets January 13 as target date for bitcoin options launch
12:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:17
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
11:18
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft