MULTINATIONAL COMPANY LAUNCHES BLOCKCHAIN-BASED FOOD TRACKING PROGRAM

Bureau Veritas, an international company that operates in more than 140 countries and specializes in certification, testing and inspection of food products, announced that it will be presenting at the next World Conference on Food Safety in Tokyo at the Origin, its new project for tracking food data based on blockchain.

 

According to a recent press release, this project, which will be shown on March 5, consists of following the food supply chain “from farm to fork” and finally printing a QR code on its packaging, which can be scanned by users to obtain more detailed information on each part of the manufacturing process of the products involved.

 

Origin will thus be able to offer users a practical way to obtain information about the products they consume in order to make better shopping decisions and ensure the quality of the products they buy. In addition, participants in the supply chain of these products will also benefit from reduced paperwork and error costs, allowing control of each step in the production chain by offering greater transparency and security.

 

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Bureau Veritas President Vincent Bourdil gave a statement on the launch.

 

Origin launch comes after two years of work by Bureau Veritas to develop blockchain applications that increase transaction confidence. Origin is a win-win solution, not only for consumers but also for retailers, suppliers, processors and manufacturers, as it adds value to the end product. With Origin, product recalls can be managed in real time, enabling the brand to preserve its reputation.

 

Vincent Bourdil

Chairman, Bureau Veritas

 

This project has been developed in a joint venture with Worldline, a company specializing in digital transactions. Olivier Stuckens, Manager of Mobility and Electronic Transactions Services for this company, said on the matter:

 

Blockchain offers unique advantages for a product like Origin: it is secure, open, transparent and does not require a controlling entity. The use of blockchain technology revolutionizes the way transactions are verified, which increases the reliability of information. This characteristic means that, although Origin has been developed with the food industry in mind, the technology can be used for any sector.

 

Olivier Stuckens

Manager of Mobility and Electronic Transactions Services, Worldline

 

On the other hand, this is not the first time that blockchain has proven its usefulness in the food industry, as last April, for example, the international consulting firm Ernst & Young announced the creation of a similar program to Origin, called Blockchain Food Quality Protection, which is currently aimed at tracking the wine supply chain from its origins.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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