Using Blockchain To Make Fragmented Food Supply Chains Traceable
Here are two trends: More retailers want to know where their food comes from, mostly because more consumers are asking for that information. And a slew of startups are turning to blockchain technology, not for its cryptocurrency uses, but its security and transparency.
Enter Wholechain, a platform built on blockchain aimed at helping fragmented food and agriculture supply chains trace products’ steps from their source to their final destination.
Often called a virtual distributed ledger system, blockchain allows for a chain of connected and timestamped records, or blocks, that are linked using cryptography. Thus the data is not only easy to track, but also highly secure and hard to tamper with.
“We provide a way for the whole supply chain to capture and provide data,” says co-founder Jason Berryhill.
The startup also was one of six companies that received awards at the recent fourth—and last—Fish 2.0 biennial Global Innovators Forum, an 18-month process during which startups received feedback from investors, peers and others while they honed their strategies.
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