Tag: Ibm Food Trust

Honduras: IBM’s Food Trust to Track Coffee, Cocoa Beans Provenance via Blockchain

by Btcmanager

IBM blockchain and non-profit Heifer International are teaming to help small-scale coffee farmers in Honduras get better access to markets.

IBM Blockchain and Heifer to Improve Coffee Supply Chain

Smallholder coffee and cocoa farmers and their cooperatives in Honduras are set to tap IBM’s blockchain solution – IBM Food Trust – and IBM Watson Decision Platform for Agriculture to access new markets and make more informed business decisions.

For those not in the know, small-scale coffee farmers operate at a staggering average loss of 46-59% as they earn less than 1% of the sale of a cup of coffee at a coffee shop. Clearly, this calls for an immediate revamp of the supply chain logistics associated with coffee and cocoa farming.

Against that backdrop, individuals purchasing cocoa via Heifer Honduras’ Chocolate4All project will be able to trace the provenance of goods by levering IBM’s Food Trust. The solution will essentially connect and validate participants in a particular supply chain.

In addition, coffee farmers will tap the benefits of blockchain technology by providing their customers a means to purchase authentic beans through COPRANIL – one of Honduras’ oldest coffee cooperatives.

The release adds that IBM Food Trust will aid coffee and cocoa farmers to swiftly verify certifications, improve treatment processes, and help producers with producing quality beans.

Commenting on the development, Kareem Yusuf, Ph.D., IBM General Manager AI Applications and Blockchain, said:

“Our work with Heifer International and COPRANIL is an important test of how AI and blockchain technology can advance social good and support sustainability by helping even small-scale producers.”

Adding:

“With predictive AI working to help increase crop yield, and blockchain establishing a record of provenance and proof of quality, these farmers are empowered with new data and insights so they can command more at market.”

Blockchain for Coffee Supply Chain

Blockchain’s immutability makes it an ideal technology for supply chain use-cases that extends to the coffee industry.

In August 2020, BTCManager reported how Starbucks stores across the US would allow customers to trace the supply chain journey of their coffee via a Microsoft-powered blockchain solution.

On a recent note, a UK-based coffee manufacturer partnered with fintech firm Farmer Connect to integrate the latter’s blockchain-based coffee tracking solution to track one of its coffee brands named UCC Coffee.

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Nueva Pescanova Leverages IBM Food Trust for Supply Chain Traceability

by Btcmanager

Spanish seafood company Nueva Pescanova has partnered with IBM to utilize the latter’s blockchain-based solution, Food Trust platform, to trace seafood products across the supply chain. 

Tracking Seafood Supply Chain with Blockchain Technology 

IBM announced the collaboration in a press release on Tuesday (June 8, 2021). Accoding to the announcement, Nueva Pescanova already started using the IBM Food Trust platform to track shrimp fishing in Argentina, and Vannamei prawns cultivation in Ecuador. 

By using IBM supply chain network, wholesalers, producers, and retailers can access comprehensive data about the process concerning seafood products in near real time. Also, the use of a blockchain-based solution that cannot be tampered with, will foster trust and confidence in Nueva Pescanova consumers about the company’s products. 

The seafood company further aims to address Global Dialogue on Seafood Traceability (GDST) standards, through the use of the IBM Food Trust platform. According to Nueva Pecanova’s CEO, Ignacio González,

“This ambitious project we want to offer our consumers all over the world rigorous and detailed information on the traceability of our seafood products, from their origin until they reach their tables. Now is the time for businesses across the seafood sector to begin addressing the GDST standards.”

More consumers are becoming conscious of the origin of the products they purchase, with emphasis on safety. A 2020 Europe Food Sustainability Study conducted by IBM showed that almost half of the people surveyed “would buy more fish if they were provided with proven and reliable information about its origin, safety and production.” Another IBM survey in different countries showed that majority of respondents preferred brands to guarantee the authenticity of the products they purchase.

Nueva Pescanova becomes the latest company to utilize the IBM Food Trust blockchain network for supply chain traceability. Back in 2020, Norwegian seafood producer Kvarøy Arctic, joined the IBM Food Trust to boost transparency in its supply chain. 

Also in 2020, Norway’s Seafood Association partnered with IBM to leverage blockchain technology to eliminate fraud and food waste in the seafood industry. Food and drink processing giant Nestlé uses IBM’s Food Trust distributed ledger technology (DLT) platform for supply chain traceability.

Outside the food industry, companies such as German clothing manufacturer KAYA&KATO, have collaborated with IBM to use blockchain technology.

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Spanish seafood firm partners with IBM for supply chain tracking

by Cointelegraph

Spanish-based seafood firm, Nueva Pescanova Group, has announced its working with IBM to utilize its Food Trust platform — a distributed ledger technology platform designed for supply chain traceability.

According to a June 8 announcement from IBM, the partnership is already underway, with Nueva Pescanova utilizing blockchain technology to track shrimp fishing in Argentina and prawn cultivation in Ecuador.

In the announcement, Ignacio González, the CEO of the Nueva Pescanova Group, stated the tracability platform will help the firm in meeting the United Nation’s Global Dialogue on Seafood Traceability (DGST) standards, stating:

“We want to offer our consumers all over the world rigorous and detailed information on the traceability of our seafood products, from their origin until they reach their tables. Now is the time for businesses across the seafood sector to begin addressing the GDST standards.”

Nueva Pescanova Group is a leading multinational seafood firm that was founded in 1960. The company covers the cultivation, production, processing, and distribution of seafood.

IBM’s Food Trust traceability platform was designed for the food industry, enabling members of the network to view comprehensive supply chain data from products in “near real-time” — offering significant efficiency savings to producers, minimizing fraud across the global market, and ensuring safety and sustainability obligations are met.

Sustainability is an issue of increasing importance to seafood consumers, with IBM referencing its 2020 Europe Food Sustainability study, which found that nearly 50% of respondents would buy more seafood if they had more information on its “origin, safety and production.”

The partnership adds to the growing list of food and agricultural firms that have partnered with IBM for blockchain-based supply chain solutions.

In February, Multinational retail giant Carrefour partnered with IBM to track the supply chain of chicken and microgreens. In December 2020, Cointelegraph reported that Nestlé, Dole, and olive oil giant CHO were already leveraging the IBM Food Trust Network.