Ethereum-Based Swiss Blockchain Startup Readies Tech for the Food Supply Chain
A Switzerland-based startup called FoodBlockchain.XYZ is making a bid to become a leading blockchain technology provider to the food supply chain. While FoodBlockchain.XYZ is not the only player in this space, the startup has received funding from several sources and is one of 14 projects selected by the SparkLabs IoT Accelerator. The startup is owned by Smart Security Systems Ltd. and is financed through private sources in Switzerland, the Swiss Regional Government of the Canton of Vaud, and private financing from SparkLabs Global Ventures in Silicon Valley. Project To Have Its Own Token.....
Related News
Blockchain technology has emerged as a tool for addressing an important global issue: the growing complexity of the food supply chain and the increasing amount of wasted food, according to a senior research fellow at the University of Surrey. Writing in The Conversation, an online source of information from the academic and research community, senior research fellow, Phil Godsiff said that a recent analysis suggested that half of U.S. food production is wasted, with global estimates above 30 percent. The growing use of sensors in the food supply chain, paired with blockchain technology,....
Walmart recently opened its Food Safety Collaboration Center in Beijing. The new initiative means the multinational is collaborating with IBM and Tsinghua University to improve food quality through the supply chain. It means the food safety partnership is utilizing blockchain technology to provide better food tracking and consumer safety. Three....
Blockchain tech provides opportunities for progressive food enterprises to be more competitive and contribute to sustainability measures. Food supply chain management, or FSCM, has long been put forth as a low-hanging-fruit application in the enterprise blockchain space. Now, after years of pilots, the verdict is finally in: Blockchain-supported FSCM works perfectly. For innovation managers in food companies that haven’t yet dabbled, this is your chance. The big players have put in millions of dollars to prove the efficacy of the tech. All you have to do now is figure out the right....
A blockchain startup dedicated to supply chain applications has raised $1.65m in new seed funding. Fluent, which last year raised roughly $850k from a group of investors that included mass media corporation Thomson Reuters and Silicon Valley VC fund Draper Associates, is one of several startups in the blockchain space today working on supply chain applications. The round was led by ff Venture Capital, a New York-based venture firm with a portfolio that also includes Indiegogo. Crosscut Ventures, Digital Currency Group, Draper Associates, Fenbushi Capital, Lindbergh Tech Fund and the St.....
SAP Ariba, the US software and IT firm owned by tech giant SAP, has integrated its services with blockchain startup Everledger. Announced today, the move will see SAP Ariba deploy the tech for use in supply chain applications, one of the services the company provides. According to SAP Ariba, more than 2.5m companies utilize its offerings. Everledger, based in London, uses blockchain to track the provenance of diamonds and other assets. SAP Ariba said that it is also joining the Linux Foundation-backed Hyperledger blockchain community. Joe Fox, SAP Ariba's senior vice president for business....