Blockchain could be adopted in food tracking

0

Food and Drug Administration (FDA) Deputy Commissioner for Food Policy and Response Frank Yiannas said rule changes underway at the agency are likely to give rise to a follow-up of blockchain-based food, The Wall Street Journal (WSJ) reported on Tuesday (Feb. 1).

The FDA plans to complete the rule in November, by which time the food industry will have to keep records that track certain products as they move along the supply chain, from growth to production. receipt through processing, creation and shipping, Yiannas told the WSJ.

The proposed rule for food traceability proposed by the Food Safety Modernization Act does not include a requirement for businesses to keep electronic records, but most would likely go that route, he said in The report.

In 2018, Walmart, Nestlé and other food industry leaders launched Food Trust, which uses technology from International Business Machines (IBM) Corp. Food Trust now has about 500 members, according to the report.

“I think you’re going to see scaling happen at a much higher rate,” said Yiannas, co-head of Food Trust, who was also vice president of food safety at Walmart. “The pandemic and the lessons learned, and the proposed final food traceability rule is going to have a lot of wind in its sails” to rely on blockchain for food tracking.

In December, Oxford, UK-based agricultural technology company Gardin raised $10.8 million in a seed funding round, after raising $1.2 million in pre-funding. -priming earlier in 2021.

Read more: UK AgTech companies are using AI and new technologies to cut labor costs and improve food production

Gardin Founder and CEO Dr Sumanta Talukdar said technology can make food better, tastier and safer, and systems can help the planet become healthier if managed properly.

Gardin uses machine learning (ML) and remote optical sensors to provide growers with data to determine plant health, instead of manually assessing or performing chemical analysis.

——————————

NEW PYMNTS DATA: 70% OF BNPL USERS USE BANK PAYMENT OPTIONS, IF AVAILABLE

On: Seventy percent of BNPL users say they would prefer to use the installment plans offered by their banks – if only they were made available. PYMNTS’ Banking On Buy Now, Pay Later: Installment Payments and the Untapped Opportunity of FIssurveyed more than 2,200 US consumers to better understand how consumers view banks as BNPL providers in a sea of ​​BNPL pure-players.

Share.

About Author

Comments are closed.