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In a successful proof of concept in Indonesia, Unilever applied GreenToken, a blockchain technology, to source more than 188,000 tons of palm oil fruit.
While there have been many success stories, blockchain technologies are still developing, so producers and processors will need to examine their needs carefully
Blockchain providers are working hard to gain the acceptance of food and beverage processors—no matter their size, and standard datasets like GS1 are helping to define the rules for consistent information handling.
Bühler and Whitworth Bros—the UK’s largest miller—have opened a high-tech flour plant called Mill E3 at Whitley Bridge in Yorkshire, England. The data generated and analyzed at the Whitley Bridge plant will drive the evolution of milling technology from the current data assisted mill into a plant capable of using its own process parameters in a closed loop to optimize production. This development of the self-adjusting mill will be the precursor to the SmartMill.
Researchers at the University of Tokyo and French National Centre for Scientific Research (CNRS) propose a system design that even small producer stakeholders can use—FE interviews the lead researcher
Even in the U.S. an exhaustive track and trace system, which is available to all participants—including small producers and farms—and additional members in the supply chain, right up to the consumer, has been elusive. The FDA, in its recent proposed rule, "Requirements for Additional Traceability Records for Certain Foods," is a good starting point in defining what kind of data needs to be kept and where new data should originate, but it doesn't get to specifics in implementation.
Though relatively new, blockchain distributed ledger technology (DLT) applied in food and beverage can speed up tracebacks from days to seconds. One innovator—Pratik Soni, founder and CEO of Omnichain—is already taking blockchain technologies to the next level.
There's been a lot of hype about Blockchain — in fact, it uses networking and distributed database technology with encryption, security and much more. But should you jump on the bandwagon now?
Covantis, the industry initiative that aims to modernize global trade operations, has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as Covantis SA. The company is co-owned by its founding members: ADM, Bunge, Cargill, Louis Dreyfus Company and Glencore Agriculture.