South Indian State of Kerala To Use Blockchain Tech In Food Supply, DistributionJune 18, 2018 7:27 pm
Local news outlet Business Standard reported the government of the South Indian state of Kerala will use blockchain for food supply and distribution in a project that will be headed by Keralan think-tank the Development and Innovative Strategic Council (K-DISC).
The project will use both blockchain and the Internet of Things (IoT) technology, the report said, in an attempt to make the state’s supply network for dairy products, vegetables and fish more efficient.
The Business Standard report, quoted by CoinTelegraph, says K-DISC Chairman KM Abraham explained each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could be monitored on a blockchain.
In addition, the report said, the state will reportedly use blockchain for its crop insurance scheme, ensuring the tamper-proof and efficient processing and settlement of claims for farmers suffering crop losses. Immutable data on the blockchain can help to judge whether the crop loss was caused by natural causes or other factors CoinTelegraph reported, and the technology can further serve to resolve disputes between insurance companies and beneficiaries, eliminating the need for third-party representatives.
K-DISC becomes the second group to use blockchain for its live food business, the report said. In April, U.S. retail giant Walmart announced it was ready to use blockchain in its live food business. Joining with with IBM, Walmart developed a system which it says will reduce food waste, as well as improve contamination management and transparency.
Also, Microsoft revealed a new partnership last week to develop its own blockchain-based product tracking platform to secure traceability and visibility across the supply chain.
In addition, the Rotterdam Port Authority revealed it was co-developing its own blockchain system, which, similarly to K-DISC, uses a tagging system in order to gain immediate insight into the conditions of incoming cargo, CoinTelegraph said.
– WN.com, Jack Durschlag