Norwegian technology company SeafoodChain launched its Blockchain business platform. This business application was built on the public blockchain without authorization powered by UNISOT to provide global traceability, proof of quality and the origin of products through its seafood products.
Nowadays, consumers are increasingly aware of where their food comes from and how it has been taken care of at the table. Regulators are also becoming more demanding, demanding precise, instantaneous and complete information on food products and their history.
The seafood industry is one of the fastest growing sectors in the global food market as consumers turn to other sustainable sources of food. The current record keeping in today’s seafood supply chains is time consuming, making the ecosystem prone to error.
With SeafoodChain, supply chain stakeholders can ensure that products comply with legal regulations regarding the capture and sharing of traceable information in the seafood industry. Real-time tracking of a product in a supply chain using blockchain technology also reduces the overall cost of moving items through a supply chain.
Seafood supply chains can be anything from a fisherman catching fish in the sea or the story of the DNA of fish eggs in a hatchery, throughout the reproductive cycle, from food, environmental conditions, harvesting, processing, distribution, retail, preparation and recycling.
SeafoodChain claims to be unique in that it builds business applications on the blockchain using an ERP perspective using the experience of ERP systems like SAP S4HANA and Microsoft Dynamics365. The technology is based on an open blockchain solution.
The system allows the capture and monitoring of data from all parts of this supply chain – from a fisherman’s smartphone application or data extraction from the fish egg production plant to sensors Automatic IoT, ERP plug-ins, big data analysis and machine learning.
SeafoodChain provides solutions to the seafood and aquaculture industries to record and display information on the entire supply chain. This ensures transparency and allows supply chain partners and customers to make choices based on the authenticity, quality and durability of the products. The technology also facilitates compliance with legal regulations and reports.
It follows the products of the first producers of raw products to logistics, production distribution and the final consumer. Each partner in the supply chain can provide and share detailed information – leading to sustainable and environmentally responsible choices. This minimizes waste and improves the use of precious natural resources.
Consumers scan a QR code on a product to get information about its content, proof of travel, proof of origin or get suggestions for appropriate recipes. Manufacturers can use this information to optimize manufacturing processes, increase quality and strengthen the customer’s connection to the product.
This opens up direct communication between the restaurant industry and the manufacturers, who receive feedback on the quality of the products the manufacturer can use to effectively optimize the manufacturing and distribution processes.
Stephan Nilsson, CEO of UNISOT AS, has 20 years of experience in value chain development and ERP integration. He sees a revolution in opportunities with a blockchain solution open to all businesses.
Stability, microtransaction capacity and low costs are necessary to power enterprise solutions that expect massive throughput. The immutable nature of blockchain technology in the supply chain is designed to build trust and prevent data falsification while ensuring transparency for businesses.
Brand reputation and customer satisfaction are crucial for future global growth. I expect more companies will be looking at blockchain technology to solve their scalability issues.
PREVIOUS AND RELATED COVERAGE:
Blockstack anchors to Bitcoin network with new data mining algorithm
Blockstack Proof of Transfer (PoX) uses an established blockchain proof of work cryptocurrency to secure a new blockchain, allowing network participants to earn a reward in a basic cryptocurrency by actively participating in the consensus algorithm.
Will the Genesis upgrade mark the start of Bitcoin’s financial power?
February 4, 2020 will be a big day for many Bitcoin SV investors. But many people think that a version of Bitcoin is a sham.
2More unmask 2020 cryptocurrency users: who are they?
Companies are preparing for the explosion in the use of cryptocurrencies – but who are the users of crypto on a daily basis?
From chocolate cryptocurrency, where to spend your Bitcoin
So, you’ve invested wisely and now have a lot of BitcoinSV to spend. But where can you spend your hard earned money? Here are some of the wide range of outlets that accept your cryptocurrency for real estate.